Shanti Gold International
July 25, 2025 – July 29, 2025
| Price | ₹189 - ₹199 |
| Premium | ₹0 |
|---|---|
| Lot size | 75 |
| Allotment | Jul 30, 2025 |
| Listing | Aug 1, 2025 |
Shanti Gold International About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 75 | 14925 | 84448 |
| sHNI | 14 | 1050 | 208950 | 862 |
| bHNI | 68 | 5100 | 1014900 | 1723 |
Shanti Gold International IPO Details
| Total Issue Size | 18,096,000 shares (aggregating up to 360.11Cr) |
| Fresh Issue | 18,096,000 shares (aggregating up to 360.11Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,40,00,000 shares |
Shanti Gold IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| RONW | 44.85% | 32.28% | 33.08% |
| ROCE | 25.70% | 17.97% | 19.36% |
| EPS (basic) | 10.34 | 4.98 | 3.67 |
| P/E Pre IPO | |||
| P/E Post IPO |
Company Financial In Crore
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 411.26 | 325.4 | 256.88 | 214.41 |
| Revenue | 509.67 | 715.04 | 682.28 | 430.13 |
| Profit After Tax | 18.25 | 26.87 | 19.82 | 3.3 |
| Net Worth | 114.84 | 96.67 | 69.81 | 50.01 |
| Total Borrowing | 272.91 | 210.68 | 165.34 | 143.97 |
About Company
Incorporation:
Established in 2003, Shanti Gold International Limited is engaged in manufacturing high-quality 22kt CZ casting gold jewelry, focusing on intricate design and production.
Product Range
The company offers a diverse selection of finely crafted jewelry pieces such as:
- Bangles
- Rings
- Necklaces
- Jewelry sets
These are designed for various occasions including weddings, festivals, and everyday wear, catering to multiple price segments.
Manufacturing Capabilities
- Facility Size: 13,448.86 sq. ft., located in Andheri East, Mumbai.
- Annual Capacity: 2,700 kg of gold jewelry.
- In-House Operations: Full control over design, production, and packaging ensures consistent quality.
- Technology Use: Advanced machines and outsourced labor for specialized tasks like manual stone setting.
Design Excellence
- Design Team: 80 CAD designers.
- Monthly Output: Over 400 unique gemstone-studded CZ gold designs.
- Technology: Advanced CAD systems for high-precision design and detailing.
Clientele
Long-standing partnerships with renowned jewelry businesses, including:
- Joyalukkas
- Lalitha Jewellery
- Alukkas Enterprises
- Vysyaraju Jewellers
- Shree Kalptaru Jewellers
Market Presence
As of September 30, 2024, the company operates in 13 states and 1 union territory, with branch offices in major cities like:
- Mumbai
- Bangalore
- Chennai
- Hyderabad
Strength
Diverse Product Range with Trusted Client Base: The company offers a wide variety of 22kt CZ gold jewelry—bangles, rings, necklaces, and sets—across price points for weddings, festivals, and daily wear. It caters to a broad client base across 15 states, 2 union territories, and 4 countries, including reputed names like Joyalukkas and Lalithaa Jewellery.
Fully Integrated In-House Manufacturing: With complete in-house capabilities for design, production, and packaging, supported by advanced machinery and skilled outsourced labor, the company ensures strong quality control and efficiency. The Andheri facility spans 13,448.86 sq. ft. with a 2,700 kg annual capacity.
Experienced Leadership Team: Promoters and directors have 16–20+ years of industry experience and have played a key role in driving growth and stakeholder relationships. Their involvement across related companies strengthens execution and strategic direction.
Weakness
Regional Revenue Concentration: A large portion (72.76%) of the company’s revenue in FY25 came from Southern India. Heavy reliance on this region makes the business vulnerable to local economic, cultural, and geopolitical risks.
Product Concentration Risk: The company mainly focuses on 22kt CZ casting gold jewelry. Any change in consumer preferences or reduced demand for this single product line can directly impact revenue and profitability.
Gold Price & Supply Dependency: Gold is the core raw material, and any fluctuation in its price or availability—due to global demand, import duties, or geopolitical issues—could adversely affect operations and margins.
Shanti Gold International Lead Manager(s)
Shanti Gold International Address
Plot No A-51, 2nd Floor to 7th Floor, MIDC,
Marol Industrial Area, Road no.-1,
Near Tunga International Hotel,
Mumbai, Maharashtra, 400093
Phone: + 91 22 4824 964
Email: cs@shantigold.in
Website: https://shantigold.in/