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Shanti Gold Fixes Rs 189–199 Price Band for Rs 360 Crore IPO

An anchor investor round starts on July 24 before the July 25–29 public subscription window

Overview

  • The company is offering 1.80 crore fresh shares at Rs 189–199 apiece to raise up to Rs 360.11 crore through its book-built offer.
  • Half of the issue is reserved for qualified institutional buyers, with 35% for retail investors and 15% for non-institutional investors in lots of 75 shares.
  • Net proceeds will fund Rs 200 crore of working capital, Rs 46.3 crore for a new Jaipur manufacturing facility and Rs 17 crore to reduce debt.
  • The planned Jaipur unit will add 1,200 kg of annual production capacity, lifting Shanti Gold’s total output to 3,900 kg.
  • Share allotment is set for July 30, and trading is scheduled to begin on the BSE and NSE on August 1, 2025.