Shanti Gold International Limited IPO

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Shanti Gold International, founded in 2003, is a leading manufacturer of high-quality 22kt CZ casting gold jewellery. The company specializes in designing and producing a wide range of gold jewellery, including bangles, rings, necklaces, and complete sets for various occasions. The company caters to both special and daily-wear jewellery needs.

Product Portfolio

The company offers an extensive variety of intricately designed jewellery pieces, focusing on craftsmanship, precision, and innovative designs. Shanti Gold’s products cater to diverse customer tastes, serving customers across India and abroad. The company also utilizes advanced technology like CAD and has a team of 79 designers who develop over 400 designs monthly.

Manufacturing Setup

Shanti Gold operates a fully integrated in-house manufacturing setup, ensuring control over product quality and meeting customer standards. The manufacturing facility, located in Andheri East, Mumbai, spans over 13,448.86 square feet and is equipped with advanced machinery. The company has an installed manufacturing capacity of 2,700 kg per annum.

Customer Network and Market Reach

Shanti Gold’s customer network spans 15 states and 2 Union Territories in India, and four countries abroad. It has strong business relationships with corporate clients like Joyalukkas India, Lalithaa Jewellery Mart, and Vysyaraju Jewellers, among others. The company is recognized for its exceptional customer satisfaction and its ability to provide tailored solutions.

Financial Performance and Growth

The company has experienced significant revenue growth, with a CAGR of 27.61% over the past few years. For Fiscal Year 2025, Shanti Gold reported revenue from operations of ₹11,064.07 million. The company plans to expand further by setting up a new manufacturing facility in Jaipur to increase production capacity.

Market Opportunity and Competitive Strengths

The growing demand for gold jewellery in India, driven by the increasing middle-class population and rising disposable incomes, presents strong growth opportunities. Shanti Gold’s extensive product range, integrated manufacturing capabilities, and established client relationships give it a competitive edge in the jewellery manufacturing sector.

Objects of the Shanti Gold International Limited IPO:

Company proposes to utilise the Net Proceeds towards funding of the following objects: 1. Funding of capital expenditure for resetting up of the Proposed Jaipur Facility (₹46.2 cr) 2. Funding working capital requirements of the company (₹200 cr) 3. Repayment and/pre-payment, in full or part, of borrowings availed by the Company (₹17 cr) 4. General corporate purposes
DRHP of Shanti Gold International Limited IPO
RHP of Shanti Gold International Limited IPO

Shanti Gold International Limited IPO Details:

Open Date: Jul 25 2025
Close Date: Jul 29 2025
Total Shares: 1,80,96,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 360.11 Cr.
Lot Size: 75 Shares
Issue Price: ₹ 189-199 Per Equity Share
Listing At: NSE,BSE

Promoters And Management:

1. Pankajkumar H Jagawat is the Chairman and Managing Director of the Company. He is also one of the Promoters and founders of the Company. His primary responsibilities include overseeing the general management of the Company’s business and operations, as well as executing strategic decisions with the approval of the Board and Company members. He was a partner in the erstwhile partnership firm, M/s Shanti Gold, and has over 21 years of experience in jewellery manufacturing. 2. Manojkumar N Jain serves as the Whole-time Director and is also one of the Promoters and founders of the Company. His key responsibilities include participating in administrative decisions and overseeing various functions of the Company, including employee-related matters. He was a partner in the erstwhile partnership firm, M/s Shanti Gold, and brings over 21 years of experience in jewellery manufacturing. 3. Shashank Bhawarlal Jagawat is a Non-Executive Director and one of the Promoters and founders of the Company. He has previously been associated with M/s Raksha Jewellers and M/s Dinesh Jewellers. He has been with the Company since its inception and has over 16 years of experience in jewellery manufacturing.

Financials of Shanti Gold International Limited IPO: 

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of Shanti Gold International Limited IPO:

  1. Choice Capital Advisors Private Limited

Registrar of Shanti Gold International Limited IPO:

  1. Bigshare Services Private Limited

Discussion on Shanti Gold International Limited IPO:

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