Shanti Gold International IPO: Price band set at ₹189-199 per share; check GMP, issue details, more
Shanti Gold IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Tentatively, Shanti Gold International IPO basis of allotment of shares will be finalised on Wednesday, July 30, and the company will initiate refunds on Thursday, July 31, while the shares will be credited to the demat account of allottees on the same day following refund. Shanti Gold share price is likely to be listed on BSE and NSE on Friday, August 1.
The Shanti Gold International IPO consists solely of a fresh issue of 1.8 crore shares.
The company plans to allocate ₹ 46.3 crore of the IPO proceeds towards establishing its proposed facility in Jaipur, while ₹ 200 crore will be directed towards meeting working capital needs. Additionally, ₹ 17 crore will be utilized for debt repayment (which stood at ₹ 242 crore as of May 2025), and the remaining funds will be designated for general corporate activities.
Choice Capital Advisors Pvt Ltd serves as the lead manager for the Shanti Gold International IPO, with Bigshare Services Pvt Ltd acting as the registrar for the offering.
Shanti Gold International IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 199 with no premium or discount in the grey market according to investorgain.com
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Established in 2003, Shanti Gold International specializes in 22kt CZ gold jewellery, boasting a manufacturing capacity of 2,700 kg annually.
As per the red herring prospectus (RHP), the firm's listed peers are Utssav CZ Gold Ltd (with a P/E of 19.35), RBZ Jewellers Ltd (with a P/E of 14.42), and Sky Gold Ltd (with a P/E of 34.53).
In terms of financial performance, the company achieved a profit of ₹ 55.8 crore for the fiscal year ending March 2025, marking a remarkable increase of 107.8 percent from ₹ 26.9 crore the previous year. During the same timeframe, revenue surged by 55.5 percent to reach ₹ 1,106.4 crore, up from ₹ 711.4 crore.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
18 minutes ago
- Mint
Mazagon Dock Shipbuilders share price dips ahead of Q1 results today. Opportunity to buy?
Mazagon Dock Shipbuilders share price slipped over 1% on Monday's session ahead of its Q1 results 2025 today. In its filing with the exchange, the company mentioned that its board of directors is set to convene on July 28, 2025 to review and approve the unaudited financial results for the quarter ending on 30 June 2025. Seema Srivastava, Senior Research Analyst at SMC Global Securities, said that Mazagon Dock Shipbuilders is likely to report positive quarterly numbers with a robust growth outlook, buoyed by strategic momentum in India's defence shipbuilding. Srivastava noted that the company recently initiated keel laying for its first Next Generation Offshore Patrol Vessel (NGOPV) for the Indian Coast Guard—highlighting its expanding technical capabilities with AI and drone integration, which is likely to support its earnings and margins. Also, earlier management projected mid single digit to low double digit revenue growth for FY26, alongside healthy profit before tax margins around 15% a signal of operational discipline and improved execution compared to FY25. After a challenging Q4 FY25 characterised by one off provisioning effects, Q1 is seen as a potential turning point for margin recovery and stabilisation, explained Seema. 'Investors will track order pipeline developments closely, particularly around submarine projects (P75 additional and P75I) and coastal patrol builds that support India's strategic maritime needs and forward margins,' added Srivastava. Mazagon Dock Shipbuilders experienced a 51% decline in consolidated net profit for Q4FY25, reporting ₹ 325 crore compared to ₹ 663 crore from the same period last year. In the same quarter, the company's revenue from operations reached ₹ 3,174 crore, reflecting a 2.3% increase from ₹ 3,103 crore reported in the previous year's corresponding quarter. The profit after tax (PAT) dropped 60% sequentially from ₹ 807 crore in Q3FY25, while revenue from operations saw a slight rise of 1% when compared to the ₹ 3,144 crore reported for the October-December quarter of FY25. Q4 expenses surged by 20% to ₹ 3,114.11 crore, up from ₹ 2,604 crore in the same quarter of the previous financial year. This also represented a 31% increase from the ₹ 2,367 crore registered in Q3FY25. The rise in expenses was attributed to several factors, including the cost of materials consumed, procurement of base and depot spares, finance costs, and employee benefit expenses. Mazagon Dock Shipbuilders share price today opened at ₹ 2,886.70 apiece on the BSE, the stock touched an intraday high of ₹ 2,907.80 apiece, and an intraday low of ₹ 2,844.10. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Mazagon Dock Shipbuilders share price has witnessed a sharp correction over the past two months, sliding from 3700 to 2900. The momentum remains weak unless clear bullish reversal signs emerge. The next crucial support lies near 2750, which aligns with the golden Fibonacci retracement level and the May swing low. Given the oversold conditions, some respite could be expected around these levels. On the upside, 3050 remains a stiff resistance, coinciding with the 89 EMA and 20 DEMA. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
India Today
18 minutes ago
- India Today
Explained: Why Kotak Mahindra Bank share price fell over 6% today
Kotak Mahindra Bank shares slid sharply by 6.5% on Monday, touching a day's low of Rs 1,977.20 on the Bombay Stock Exchange (BSE). Around 9:43 am, shares of the private lender were trading 6.48% lower at Rs 1,987.35. The decline came after the private lender posted a weaker-than-expected set of results for the April–June quarter. The stock decline comes in the wake of a 7% year-on-year drop in standalone net profit to Rs 3,282 crore, even though the bank reported steady growth in core lending net interest income (NII) for Q1FY26 rose 6% to Rs 7,259 crore, from Rs 6,842 crore in the same quarter last year, profitability took a hit due to the absence of a one-time windfall that had inflated last year's base. In the year-ago period, the bank had booked a significant gain from the sale of its general insurance business, pushing unadjusted profit to Rs 6,250 crore. That gain is missing this time, as Kotak General Insurance ceased to be a wholly owned subsidiary on June 18, 2024, and has since been reclassified as an the hit to net profit, operational metrics showed continued strength. Net advances grew 14% year-on-year to Rs 4.45 lakh crore, while average total deposits climbed 13% to nearly Rs 4.92 lakh crore. Loan growth was led by the corporate and secured retail segments, although unsecured lending remained OR SELL?Brokerage house Antique said the earnings miss was driven by a sharper-than-expected margin decline and higher credit costs. Margins came under pressure due to rapid repricing of External Benchmark Lending Rate (EBLR) loans and a lower share of unsecured credit. Asset quality, too, weakened slightly, with the bank's gross non-performing asset (GNPA) ratio rising to 1.48% from 1.39% a year earlier. Stress was visible in the microfinance and retail commercial vehicle loan bank also increased provisions to cover potential bad loans during the quarter, contributing further to the profit dip. That, along with the margin compression, has prompted several analysts to temper their near-term has cut its FY26 and FY27 earnings estimates by 6% and 3% respectively, but still finds the stock reasonably valued at 2.2x one-year forward price-to-book. Return ratios remain healthy, with RoA projected at 2.2% and RoE at 14% over FY26– least eight analysts have lowered their price targets following the Q1 results, bringing the median target to Rs 2,340, down slightly from Rs 2,350 last month, according to LSEG the market reaction reflects near-term disappointment, analysts remain broadly positive on the lender's longer-term outlook, especially if unsecured credit revives in the coming The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
&w=3840&q=100)
Business Standard
18 minutes ago
- Business Standard
Indiqube Spaces IPO booked 12x; check allotment status, GMP, listing date
Indiqube Spaces IPO allotment status: The basis of allotment of shares for the workplace solutions company Indiqube Spaces is expected to be finalised today, July 28, 2025. The mainline offering closed for public subscription on Friday, July 25, and received a decent response from investors. According to NSE data, the Indiqube Spaces IPO was subscribed over 12.41 times, receiving bids for 212.74 million shares against 17.14 million shares on offer. The demand was led by Qualified Institutional Buyers (QIBs), who subscribed to their reserved portion 14.35 times, followed by retail investors at 12.9 times and Non-Institutional Investors (NIIs) at 8.27 times. The portion reserved for employees was subscribed 6.83 times. Once the allotment is finalised, investors can check their status on the official websites of the NSE, BSE and MUFG Intime India, the registrar of the issue. Steps to check Indiqube Spaces IPO allotment status on BSE Visit the official BSE website - Select 'Equity' from the Issue Type dropdown Select 'Indiqube Spaces' from the list of available issues Enter your Application Number or PAN (Permanent Account Number) Fill in the Captcha for verification Click on the 'Search' button to check your allotment status Steps to check Indiqube Spaces IPO allotment status on MUFG Intime India Visit the official website of MUFG Intime - Select 'Indiqube Spaces' from the dropdown menu Choose either of the PAN, Application Number, DP/Client ID, or Bank Account Number with IFSC Enter the relevant details based on the selected option. Click on 'Search' button to view your allotment status. Indiqube Spaces IPO grey market premium (GMP) According to the sources tracking unofficial markets, the unlisted shares of Indiqube Spaces were trading at ₹242 in the grey market, commanding a premium of only ₹5 or 2.11 per cent compared to the upper end of the price band of ₹225 to ₹237. Indiqube Spaces IPO listing date Indiqube Spaces IPO opened for public subscription on Wednesday, July 23, and closed on Friday, July 25, 2025. After the allocation of shares, the company will initiate refunds and transfer of shares to the Demat accounts on July 29. Shares of Indiqube Spaces are scheduled to list on the bourses, BSE and NSE, on Wednesday, July 30, 2025. ICICI Securities and JM Financial are the sole book-running lead managers. According to the red herring prospectus (RHP), the company plans to use ₹462.6 crore from the net fresh issue proceeds for establishing new centres and ₹93 crore for repayment or prepayment of certain outstanding borrowings. The remaining funds will be used for general corporate purposes.
