Latest news with #LalithaaJewellery
Business Standard
01-08-2025
- Business
- Business Standard
Shanti Gold International jumps on debut
Shares of Shanti Gold International were currently trading at Rs 233.50 at 10:15 IST on the BSE, representing a premium of 17.34% compared with the issue price of Rs 199. The scrip was listed at Rs 229.10, exhibiting a premium of 15.13% to the issue price. So far, the stock has hit a high of Rs 238.40 and a low of Rs 227. On the BSE, over 17.72 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Shanti Gold International was subscribed 81.17 times. The issue opened for bidding on 25 July 2025 and it closed on 29 July 2025. The price band of the IPO is fixed between Rs 189 and 199 per share. The IPO consisted of a fresh issue of 18,096,000 equity shares, aggregating up to Rs 360.11 crore. The objectives for the fresh issue included Rs 46.29 crore for funding of capital expenditure requirements towards setting up of the proposed Jaipur Facility, Rs 200 crore for funding working capital requirements, Rs 17 crore for repayment and/or prepayment of certain borrowings, and the remaining amount for general corporate purposes. The promoters and promoter group hold an aggregate of 53,989,200 equity shares, aggregating to 99.98% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 74.89%. Shanti Gold International, founded in 2003, is a Mumbai-based company that makes high-quality 22 kt CZ gold jewelryincluding bangles, rings, necklaces, and full sets. All pieces are BIS-hallmarked, and many feature intricate designs created using CAD technology. The company works with big names like Joyalukkas and Lalithaa Jewellery and serves customers in 15 Indian states and 4 countries abroad. Most of its revenue comes from South India (over 72% in FY25). Its Mumbai factory has a production capacity of 2,700 kg per year. To meet rising demand, its building a new facility in Jaipur that will add another 1,200 kg capacity and introduce machine-made gold jewelry. Shanti Gold plans to grow its reach in North India and expand further into global markets like the USA and UAE. Ahead of the IPO, Shanti Gold International, on 24 July 2025, raised Rs 108.03 crore from anchor investors. The board allotted 54.28 lakh shares at Rs 199 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 55.84 crore and sales of Rs 1,106.41 crore for the twelve months ended on 31 March 2025.
Business Standard
30-07-2025
- Business
- Business Standard
Shanti Gold International IPO ends with 81.17x subscription
The offer received bids for 102.81 crore shares as against 1.26 crore shares on offer. The initial public offer (IPO) of Shanti Gold International received bids for 1,02,81,98,775 shares as against 1,26,67,200 shares on offer. The issue was subscribed 81.17 times. The Non-Institutional Investors (NIIs) category was subscribed 151.48 times. The Qualified Institutional Buyers (QIBs) category was subscribed 117.33 times. The Retail Individual Investors (RIIs) category was subscribed 30.37 times. The issue opened for bidding on 25 July 2025 and it closed on 29 July 2025. The price band of the IPO is fixed between Rs 189 and 199 per share. The IPO consisted of a fresh issue of 18,096,000 equity shares, aggregating up to Rs 360.11 crore. The objectives for the fresh issue included Rs 46.29 crore for funding of capital expenditure requirements towards setting up of the proposed Jaipur Facility, Rs 200 crore for funding working capital requirements, Rs 17 crore for repayment and/or prepayment of certain borrowings, and the remaining amount for general corporate purposes. The promoters and promoter group hold an aggregate of 53,989,200 equity shares, aggregating to 99.98% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 74.89%. Shanti Gold International, founded in 2003, is a Mumbai-based company that makes high-quality 22 kt CZ gold jewelryincluding bangles, rings, necklaces, and full sets. All pieces are BIS-hallmarked, and many feature intricate designs created using CAD technology. The company works with big names like Joyalukkas and Lalithaa Jewellery and serves customers in 15 Indian states and 4 countries abroad. Most of its revenue comes from South India (over 72% in FY25). Its Mumbai factory has a production capacity of 2,700 kg per year. To meet rising demand, its building a new facility in Jaipur that will add another 1,200 kg capacity and introduce machine-made gold jewelry. Shanti Gold plans to grow its reach in North India and expand further into global markets like the USA and UAE. Ahead of the IPO, Shanti Gold International on Thursday, 24 July 2025, raised Rs 108.03 crore from anchor investors. The board allotted 54.28 lakh shares at Rs 199 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 55.84 crore and sales of Rs 1,106.41 crore for the twelve months ended on 31 March 2025.
Business Standard
29-07-2025
- Business
- Business Standard
Shanti Gold International IPO subscribed 80.80 times
The offer received bids for 102.35 crore shares as against 1.26 crore shares on offer. The initial public offer (IPO) of Shanti Gold International received bids for 1,02,35,46,675 shares as against 1,26,67,200 shares on offer, according to stock exchange data at 17:30 IST on Tuesday (29 July 2025). The issue was subscribed 80.80 times. The issue opened for bidding on 25 July 2025 and it will close on 29 July 2025. The price band of the IPO is fixed between Rs 189 and 199 per share. An investor can bid for a minimum of 75 equity shares and in multiples thereof. The IPO consists of a fresh issue of 18,096,000 equity shares, aggregating up to Rs 360.11 crore. The objectives for the fresh issue include Rs 46.29 crore for funding of capital expenditure requirements towards setting up of the proposed Jaipur Facility, Rs 200 crore for funding working capital requirements, Rs 17 crore for repayment and/or prepayment of certain borrowings, and the remaining amount for general corporate purposes. The promoters and promoter group hold an aggregate of 53,989,200 equity shares, aggregating to 99.98% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 74.89%. Shanti Gold International, founded in 2003, is a Mumbai-based company that makes high-quality 22 kt CZ gold jewelryincluding bangles, rings, necklaces, and full sets. All pieces are BIS-hallmarked, and many feature intricate designs created using CAD technology. The company works with big names like Joyalukkas and Lalithaa Jewellery and serves customers in 15 Indian states and 4 countries abroad. Most of its revenue comes from South India (over 72% in FY25). Its Mumbai factory has a production capacity of 2,700 kg per year. To meet rising demand, its building a new facility in Jaipur that will add another 1,200 kg capacity and introduce machine-made gold jewelry. Shanti Gold plans to grow its reach in North India and expand further into global markets like the USA and UAE. Ahead of the IPO, Shanti Gold International on Thursday, 24 July 2025, raised Rs 108.03 crore from anchor investors. The board allotted 54.28 lakh shares at Rs 199 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 55.84 crore and sales of Rs 1,106.41 crore for the twelve months ended on 31 March 2025.
Business Standard
28-07-2025
- Business
- Business Standard
Shanti Gold International IPO subscribed 4.93 times
The offer received bids for 6.24 crore shares as against 1.26 crore shares on offer. The initial public offer of Shanti Gold International received bids for 6,24,11,100 shares as against 1,26,67,200 shares on offer, according to stock exchange data at 17:00 IST on Monday (28 July 2025). The issue was subscribed 4.93 times. The issue opened for bidding on 25 July 2025 and it will close on 29 July 2025. The price band of the IPO is fixed between Rs 189 and 199 per share. An investor can bid for a minimum of 75 equity shares and in multiples thereof. The IPO consists of a fresh issue of 18,096,000 equity shares, aggregating up to Rs 360.11 crore. The objectives for the fresh issue include Rs 46.29 crore for funding of capital expenditure requirements towards setting up of the proposed Jaipur Facility, Rs 200 crore for funding working capital requirements, Rs 17 crore for repayment and/or prepayment of certain borrowings, and the remaining amount for general corporate purposes. The promoters and promoter group hold an aggregate of 53,989,200 equity shares, aggregating to 99.98% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 74.89%. Shanti Gold International, founded in 2003, is a Mumbai-based company that makes high-quality 22 kt CZ gold jewelryincluding bangles, rings, necklaces, and full sets. All pieces are BIS-hallmarked, and many feature intricate designs created using CAD technology. The company works with big names like Joyalukkas and Lalithaa Jewellery and serves customers in 15 Indian states and 4 countries abroad. Most of its revenue comes from South India (over 72% in FY25). Its Mumbai factory has a production capacity of 2,700 kg per year. To meet rising demand, its building a new facility in Jaipur that will add another 1,200 kg capacity and introduce machine-made gold jewelry. Shanti Gold plans to grow its reach in North India and expand further into global markets like the USA and UAE. Ahead of the IPO, Shanti Gold International on Thursday, 24 July 2025, raised Rs 108.03 crore from anchor investors. The board allotted 54.28 lakh shares at Rs 199 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 55.84 crore and sales of Rs 1,106.41 crore for the twelve months ended on 31 March 2025.
Business Standard
25-07-2025
- Business
- Business Standard
Shanti Gold International IPO subscribed 1.16 times
The offer received bids for 1.46 crore shares as against 1.26 crore shares on offer. The initial public offer of Shanti Gold International received bids for 1,46,47,725 shares as against 1,26,67,200 shares on offer, according to stock exchange data at 17:00 IST on Friday (25 July 2025). The issue was subscribed 1.16 times. The issue opened for bidding on 25 July 2025 and it will close on 29 July 2025. The price band of the IPO is fixed between Rs 189 and 199 per share. An investor can bid for a minimum of 75 equity shares and in multiples thereof. The IPO consists of a fresh issue of 18,096,000 equity shares, aggregating up to Rs 360.11 crore. The objectives for the fresh issue include Rs 46.29 crore for funding of capital expenditure requirements towards setting up of the proposed Jaipur Facility, Rs 200 crore for funding working capital requirements, Rs 17 crore for repayment and/or prepayment of certain borrowings, and the remaining amount for general corporate purposes. The promoters and promoter group hold an aggregate of 53,989,200 equity shares, aggregating to 99.98% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding is expected to be around 74.89%. Shanti Gold International, founded in 2003, is a Mumbai-based company that makes high-quality 22 kt CZ gold jewelryincluding bangles, rings, necklaces, and full sets. All pieces are BIS-hallmarked, and many feature intricate designs created using CAD technology. The company works with big names like Joyalukkas and Lalithaa Jewellery and serves customers in 15 Indian states and 4 countries abroad. Most of its revenue comes from South India (over 72% in FY25). Its Mumbai factory has a production capacity of 2,700 kg per year. To meet rising demand, its building a new facility in Jaipur that will add another 1,200 kg capacity and introduce machine-made gold jewelry. Shanti Gold plans to grow its reach in North India and expand further into global markets like the USA and UAE. Ahead of the IPO, Shanti Gold International on Thursday, 24 July 2025, raised Rs 108.03 crore from anchor investors. The board allotted 54.28 lakh shares at Rs 199 each to 15 anchor investors. The firm reported a consolidated net profit of Rs 55.84 crore and sales of Rs 1,106.41 crore for the twelve months ended on 31 March 2025.
