- Shanti Gold International IPO was subscribed 13.21 times as of July 29 at 11:41 a.m
- The IPO price band was set between Rs 189 and Rs 199 per share
- The total IPO size is Rs 360.11 crore with 1.81 crore equity shares offered
Shanti Gold International Ltd.'s initial public offering was subscribed 13.21 times as of 11:41 a.m. on July 29.
The company has offered its shares in a price band of Rs 189-Rs 199 per share. The IPO is a book-built issue totaling Rs 360.11 crore. The entire issue comprises a fresh offering of 1.81 crore equity 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 and NSE with Aug. 1 fixed as the tentative listing date.
Choice Capital Advisors Pvt. is the book-running lead manager of the 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 opened: July 25
IPO closes: July 29
Issue size (no. of shares): 1.81 crore shares
Fresh issue: 1.81 crore shares
Tentative allotment date: July 30
Tentative listing date: August 1
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 13.21 times on its third day of bidding as of 11:41 a.m. on Tuesday.
Qualified Institutional Buyers: 0.17 times
Non-Institutional Investors: 33.01 times
Retail Investors: 12.18 times
Shanti Gold International IPO GMP
The grey market premium for Shanti Gold International IPO stood at Rs 37.5 per share at 11:41 a.m. on July 29. 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.
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