Shanti Gold International: Shanti Gold International shares get listed at 15% premium!Shanti Gold International: Shanti Gold International shares get listed at 15% premium!

Shanti Gold made a strong debut on August 1, listing at ₹227.55 on the NSE with a 14.35% premium and ₹229.10 on the BSE with a 15.13% premium over its issue price of ₹199, following solid demand during its July 25 to 29 IPO.

Also Read: Stock jumps 15% after reporting 57% YoY increase in net profits

Shanti Gold International IPO details

Shanti Gold witnessed massive demand, with its IPO oversubscribed 81.17 times. Non-institutional investors led the surge, subscribing 151.48 times, followed by qualified institutional buyers at 117.33 times and retail investors at 30.37 times, highlighting strong interest across categories.

About Shanti Gold International

Shanti Gold International manufactures high-quality 22kt CZ casting gold jewellery, offering a wide range of intricately designed bangles, rings, necklaces, and sets for weddings, festivals, and daily wear, catering to diverse customer preferences and price segments.

Also Read: Infra stock jumps after it secures 2 new orders worth ₹791 Cr

Shanti Gold International IPO objective

The objective of Shanti Gold’s IPO was to raise ₹360.11 crore through a fresh issue of 18.1 million shares, aimed at funding business expansion and meeting general corporate requirements, with no offer for sale component included in the offering.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.