
Gems & Jewellery · NSE / BSE
Shanti Gold International Limited, founded in 2003, specializes in manufacturing high-quality 22kt CZ casting gold jewelry with a focus on detailed design and craftsmanship. The company offers a wide range of jewelry including bangles, rings, necklaces, and complete sets, catering to different price segments and occasions such as weddings, festivals, and daily wear. Its manufacturing facility, located in Andheri East, Mumbai, spans over 13,000 square feet and has an annual capacity of 2,700 kg of gold jewelry. The entire process, from design to packaging, is managed in-house to maintain quality standards, while advanced machinery and skilled outsourced labor handle specialized tasks like stone setting. Shanti Gold's design team includes 80 CAD professionals who create over 400 unique CZ gold jewelry designs every month using cutting-edge design software. The company has built strong relationships with leading jewelry retailers such as Joyalukkas, Lalitha Jewellery, Alukkas Enterprises, Vysyaraju Jewellers, and Shree Kalptaru Jewellers. As of September 30, 2024, Shanti Gold has a presence in 13 states and 1 union territory, with branch offices in key cities like Mumbai, Bangalore, Chennai, and Hyderabad.
Price Band
₹189 – ₹199
Issue Size
₹360 Cr
Lot Size
75 shares
GMP
+17.1%
Est. Listing
₹233
at current GMP
Subscribed
81.22x
overall
Open
25 Jul 2025
Close
29 Jul 2025
Allotment
30 Jul 2025
Refund
31 Jul 2025
Demat Credit
1 Aug 2025
Listing
1 Aug 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹199
Band: ₹189 – ₹199
Estimated Listing Price
₹233
Upper price + GMP
Lot Size
75 shares
Min investment ₹14,925
Estimated Profit / Lot
₹2,550
75 × ₹34
Grey Market Premium trend
+₹34
▲ 0 today
Updated 1 minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹34 | 17.1% | ₹233 |
| 30 Oct 2026 | +₹34 | 17.1% | ₹233 |
| 29 Oct 2026 | +₹31 | 15.4% | ₹230 |
GMP is unofficial market data. Not a guarantee of listing performance.
Shanti Gold International Limited is bringing an initial public offering (IPO) in the Gems & Jewellery sector with an aggregate issue size of ₹360.11 Crores. The shares are offered at a price band of ₹189 to ₹199 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 75 shares (approx. ₹14,925 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-08-01, while un-allotted funds or UPI block mandates will be released on 2025-07-31.
The latest grey market premium for Shanti Gold International Limited IPO is ₹34, which indicates an expected listing price of ₹233.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.