Shanti Gold International IPO got fully subscribed on Day 1. The IPO opened for public on July 25 and saw strong demand from both retail and non-institutional investors.
By the end of the first day, the IPO was subscribed 1.16 times. That means the company got bids for 1.46 crore shares while it had only 1.26 crore shares to offer.
The retail part was the strongest. Retail Individual Investors (RIIs) subscribed 1.84 times the allocated portion. Non-institutional investors (NIIs) also showed good interest, subscribing 1.09 times.
What Is Shanti Gold International?
Shanti Gold International is a Mumbai-based gold jewellery manufacturer. The company designs and produces different kinds of gold jewellery. It has a manufacturing capacity of 2,700 kg per year.
The IPO size is Rs 360 crore. The price band is set between Rs 189 and Rs 199 per share. The IPO will close on July 29.
Earlier, the company had already raised over Rs 108 crore from anchor investors.
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Big Buzz in Grey Market
Shanti Gold International IPO is also getting attention in the grey market. According to IPO tracking websites like Investorgain, the shares are trading at a Grey Market Premium (GMP) of Rs 37.
This means the IPO is likely to list at a price around 18.59% higher than the issue price. That’s good news for investors looking for listing gains.
Important Dates to Note
- IPO Opened: July 25
- IPO Closes: July 29
- Allotment Date: July 30
- Listing Date: August 1
The shares will be listed on NSE SME. Investors who applied can check the allotment status on July 30.
Should You Be Watching This IPO?
If early demand is any sign, Shanti Gold International IPO looks hot. Strong retail interest, a solid GMP, and trusted anchor investors are all good signs.
The company also operates in a market that’s always in demand: gold. Indians love gold, and a company that makes quality jewellery could shine in the market too.
Shanti Gold International has started strong with a fully subscribed IPO on Day 1. Retail investors are clearly confident, and the grey market is also giving positive signs.
Keep an eye on the allotment and listing. This could be one of the IPOs to remember in 2025.
Disclaimer:
This article is for informational purposes only and is not financial advice. Please consult a certified advisor before making investment decisions.
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