Shanti Gold International IPO Overview

Company Background

Incorporated in 2003, Shanti Gold International Limited is a prominent manufacturer of high-quality 22kt CZ casting gold jewellery. With a strong presence in the Indian jewellery market, the company specializes in intricately designed bangles, rings, necklaces, and complete sets that cater to weddings, festive occasions, and daily wear at a variety of price points.

Product Portfolio

Shanti Gold offers an extensive range of jewellery including bangles, rings, necklaces, and complete sets. The designs combine traditional elegance with modern styles, making them ideal for various occasions like weddings, festivals, and everyday use.

Manufacturing Capabilities

The company has an in-house manufacturing setup covering 13,448.86 square feet in Andheri East, Mumbai, with an annual production capacity of 2,700 kg. All operations including design, production, and packaging are handled internally to ensure quality control. Advanced machinery is used along with outsourced manual labour for precision tasks like stone setting. A team of over 80 CAD designers crafts more than 400 unique gemstone-studded CZ gold designs every month.

Objectives of the Issue

The IPO proceeds will be used primarily for meeting working capital requirements, capital expenditure, and repayment of borrowings. A significant portion, approximately ₹200 crore, is allocated for working capital. ₹46.30 crore is intended for capital expenditure, while ₹17 crore will be used to repay outstanding borrowings. The remaining funds will be used for general corporate purposes. Strengths:

• Offers a wide variety of 22kt CZ gold jewellery

• Designs are created using advanced CAD technology

• Fully integrated in-house manufacturing ensures quality

• Promoters have over two decades of industry experience

• Strong financial performance with growing revenue and profitability

  
  

Risks:

• Delays in TDS payments may attract penalties

• Heavy dependence on in-house manufacturing could reduce flexibility

• Loss of key skilled personnel may impact operations

• Non-compliance with environmental laws could lead to shutdowns

• Limited working capital could restrict future business expansion

Shanti Gold International IPO: Key Details

• IPO Dates: 25th to 29th July 2025

• Price Band: ₹189 to ₹199 per share

• Lot Size: 75 shares

• Total Issue Size: ₹360 crore

• Retail Quota: 50%

• Grey Market Premium (GMP): ~15% (indicative)

Allotment Link

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