Shanti Gold IPO Subscribed Nearly Five Times On Day 2
Shanti Gold International's shares will debut on BSE, NSE with a tentative listing date fixed as Aug. 1, 2025.
Shanti Gold International Ltd.'s initial public offering was subscribed 4.93 times on its second day of subscription on Monday.
The company offered shares in the range of Rs 189-199 apiece. The IPO is a bookbuilding of Rs 360.11 crore. The issue is an entirely fresh issue of 1.81 crore shares.
Shanti Gold International IPO bidding opened for subscription on July 25 and will close on July 29. Shanti Gold International's shares will debut on BSE, NSE with a tentative listing date fixed as Aug. 1, 2025.
Choice Capital Advisors Pvt. is the book-running lead manager of the Shanti Gold International IPO, while Bigshare Services Pvt. is the registrar for the issue.
Ahead of opening the company raised Rs 108 crore from anchor investors. It allotted 54.28 lakh shares at Rs 199 apiece to 15 anchor investors.
IPO Details
IPO opens: July 25
IPO closes: July 29
Issue size (no. of shares): 1.81 crore shares
Fresh issue: Rs 1.81 crore shares
Tentative allotment date: July 28
Tentative listing date: July 30
Face value: Rs 10 per share
Issue type: Bookbuilding IPO
Listing platform: BSE, NSE
About Shanti Gold International
Incorporated in 2003, Shanti Gold International Ltd. is engaged in the business of manufacturing gold jewellery. The company manufactures high-quality 22kt CZ casting gold jewellery, specialising in design and production.
The company has an in-house manufacturing setup for design, production, and packaging.
IPO Day Three Subscription Status
The Shanti Gold International IPO was subscribed 4.93 times on its second day of bidding as of 5 p.m. on Monday.
Qualified Institutional Buyers: 0.05 times or 5%
Non-Institutional Investors: 7.52 times
Retail Investors: 6.6 times
Shanti Gold International IPO GMP
The grey market premium for Shanti Gold International IPO stood at Rs 37.5 per share at 3:53 p.m. on July 28. With the upper price band for the IPO set at Rs 199 apiece, the GMP indicates an estimated listing price of Rs 236.5 per share, according to InvestorGain.
Current GMP trends show an estimated listing gain of 18.84% over the upper limit of the issue price.
It should be noted that GMP or grey market price is not an official price quote for the stock and is based on speculation.
