Latest news with #ShantiGold
Economic Times
9 hours ago
- Business
- Economic Times
Shanti Gold eyes Rs 360-cr via IPO; issue to open on Jul 25
Shanti Gold International is launching its IPO. The price is set between Rs 189 and Rs 199 per share. The IPO aims to raise Rs 360 crore. Shanti Gold International, a gold jewellery manufacturer, has set the IPO price band at ₹189-₹199 per share, aiming to raise ₹360 crore. The IPO opens on July 25 and closes on July 29, featuring a fresh issue of 1.81 crore shares. Proceeds will fund a Jaipur facility, working capital, debt repayment, and general corporate needs. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Manufacturer of gold jewellery Shanti Gold International on Tuesday fixed a price band of Rs 189 to Rs 199 per equity share for its upcoming Rs 360-crore initial public offering (IPO).The IPO will open for public subscription on July 25 and close on July 29, the company issue is entirely a fresh issue of 1.81 crore shares worth Rs 360.11 crore, at the upper-end of the price band, with no offer-for-sale (OFS) of the issue will be used for setting up a facility in Jaipur, funding the company's incremental working capital requirements, payment of debt and for general corporate Mumbai-based Shanti Gold specialises in the design and production of various types of gold jewellery. As of now, the company has an installed manufacturing capacity of 2,700 kg per Gold's revenue from operations increased by 55.52 per cent to Rs 1,106.41 crore in fiscal 2025, from Rs 711.43 crore in the preceding fiscal and profit after tax rose to Rs 56 crore in fiscal 2025, from Rs 27 crore in fiscal company announced that half of the issue size has been reserved for qualified institutional buyers , 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Choice Capital Advisors is the sole book-running lead manager to the issue. PTI
News18
10 hours ago
- Business
- News18
Shanti Gold eyes Rs 360-cr via IPO; issue to open on Jul 25
Agency: PTI New Delhi, Jul 22 (PTI) Manufacturer of gold jewellery Shanti Gold International on Tuesday fixed a price band of Rs 189 to Rs 199 per equity share for its upcoming Rs 360-crore initial public offering (IPO). The IPO will open for public subscription on July 25 and close on July 29, the company said. The issue is entirely a fresh issue of 1.81 crore shares worth Rs 360.11 crore, at the upper-end of the price band, with no offer-for-sale (OFS) component. Proceeds of the issue will be used for setting up a facility in Jaipur, funding the company's incremental working capital requirements, payment of debt and for general corporate purposes. The Mumbai-based Shanti Gold specialises in the design and production of various types of gold jewellery. As of now, the company has an installed manufacturing capacity of 2,700 kg per annum. Shanti Gold's revenue from operations increased by 55.52 per cent to Rs 1,106.41 crore in fiscal 2025, from Rs 711.43 crore in the preceding fiscal and profit after tax rose to Rs 56 crore in fiscal 2025, from Rs 27 crore in fiscal 2024. The company announced that half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Choice Capital Advisors is the sole book-running lead manager to the issue. PTI SP DRR view comments First Published: July 22, 2025, 14:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
12 hours ago
- Business
- Mint
Shanti Gold International IPO: Price band set at ₹189-199 per share; check GMP, issue details, more
The Shanti Gold International IPO price band has been fixed in the range of ₹ 189 to ₹ 199 per equity share of the face value of ₹ 10. The Shanti Gold IPO date of subscription is scheduled for Friday, July 25, and will close on Tuesday, July 29. The allocation to anchor investors for the Shanti Gold International IPO is scheduled to take place on Thursday, July 24. The Shanti Gold IPO lot size is 75 equity shares and in multiples of 75 equity shares thereafter. 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 '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.
Mint
15 hours ago
- Business
- Mint
Shanti Gold International IPO: Price band set at ₹189-199 per share; check GMP, issue details, more
The Shanti Gold International IPO price band has been fixed in the range of ₹ 189 to ₹ 199 per equity share of the face value of ₹ 10. The Shanti Gold IPO date of subscription is scheduled for Friday, July 25, and will close on Tuesday, July 29. The allocation to anchor investors for the Shanti Gold International IPO is scheduled to take place on Thursday, July 24. The Shanti Gold IPO lot size is 75 equity shares and in multiples of 75 equity shares thereafter. 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 '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. 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.
News18
3 days ago
- Business
- News18
IPO Calendar This Week: 7 New Launches, Anthem Biosciences Among 3 Listings To Watch
Last Updated: This week, IPOs launching include Shanti Gold, Patel Chem, Brigade Hotel, Indiqube Spaces, GNG Electronics, Swastika Castal, and Monarch Surveyors. Upcoming IPOs This Week: The primary market is set to be abuzz once again this week with several new mainboards and SMEs lining up for a launch. From the depository, chemical to jewelry firm, multiple companies are gearing up to open the subscription window for their public issues. Moreover, some of them will look to list on the exchanges. Shanti Gold International Ltd. IPO Shanti Gold International Ltd., a Mumbai-based manufacturer of 22kt CZ gold jewelry, will open its IPO from July 25 to July 29, 2025, with a listing planned for August 1, 2025, on BSE and NSE. Led by Choice Capital Advisors, the IPO includes a fresh issue of 1.8 crore shares, though the issue price remains unannounced. The company reported a 107.8% profit surge to Rs 55.8 crore and a 55.5% revenue increase to Rs 1,106.4 crore in FY25. Funds raised will support the establishment of a new manufacturing facility in Jaipur, bolster working capital, and repay debt. Patel Chem Specialities Ltd. IPO Patel Chem Specialities Ltd., a producer of pharmaceutical excipients and specialty chemicals, will open its BSE SME IPO from July 25 to July 29, 2025, with a listing scheduled for August 1, 2025. The IPO, managed by Cumulative Capital, offers shares at Rs 82.00 to Rs 84.00, aiming to raise Rs 58.80 crore. This SME-focused offering targets investors interested in the niche but critical chemical and pharmaceutical supply chain sector. Brigade Hotel Ventures Ltd. IPO Brigade Hotel Ventures Ltd., which operates nine hotels with 1,604 keys across cities like Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, will launch its IPO from July 24 to July 28, 2025, with a listing on July 31, 2025, on BSE and NSE. Managed by JM Financial and ICICI Securities, the IPO aims to raise Rs 759.60 crore through a fresh issue. Despite a 16% revenue growth in FY25, the company's profit after tax declined by 24%. The funds will be used for capital expenditure and debt repayment, strengthening its hospitality portfolio managed by global brands like Marriott, Accor, and InterContinental. Indiqube Spaces Ltd. IPO Indiqube Spaces Ltd., a provider of tech-driven co-working and office solutions across 115 centers in 15 cities, covering 8.4 million square feet, will open its IPO from July 23 to July 25, 2025, with a listing on July 30, 2025, on BSE and NSE. Managed by ICICI Securities, the IPO is priced at Rs 225.00 to Rs 237.00, targeting ₹700 crore, including a ₹650 crore fresh issue and a Rs 50 crore Offer for Sale. The Grey Market Premium of Rs 40–Rs 41 suggests expected returns of 16–17%, with a minimum retail investment of Rs 14,175 for 63 shares. GNG Electronics Ltd. IPO GNG Electronics Ltd., a global leader in refurbishing laptops and desktops with operations in India, the USA, Europe, Africa, and the UAE, will open its IPO from July 23 to July 25, 2025, with a listing on July 30, 2025, on BSE and NSE. Managed by Motilal Oswal, the IPO is priced at Rs 225.00 to Rs 237.00, aiming to raise Rs 460.43 crore, comprising a Rs 400 crore fresh issue and a Rs 60.43 crore Offer for Sale. The funds will primarily reduce debt of Rs 320 crore and support general corporate purposes, with a strong Grey Market Premium of Rs 72 indicating positive market sentiment. SME IPOs To Open This Week: Swastika Castal Ltd. IPO Swastika Castal's BSE SME IPO is also open from July 21 to July 23, at a fixed price of Rs 65 per share, aiming to raise Rs 14.07 crore. This BSE SME IPO opens on July 22 and closes on July 24, with a price band of Rs 237–250. The issue size is Rs 93.75 crore. India's first SM REIT offering, Property Share Investment Trust, opened on Monday, July 21, and will remain open till Friday, July 25. The REIT is priced in the range of Rs 10 lakh to Rs 10.6 lakh per unit, with a total issue size of Rs 473 crore, listing on the BSE. Savy Infra & Logistics Ltd. Opening on July 21, this NSE SME IPO offers shares in a price band of Rs 114–120, with a total issue size of Rs 69.98 crore. The issue closes on July 23. Three IPO Listings to Watch This Week The IPO market continues to stay active as three companies gear up to make their stock market debut this week. From biotech to consumer and textile-related sectors, investors will witness listings across both mainboard and SME platforms. Anthem Biosciences Ltd. IPO One of the biggest IPOs of the month, Anthem Biosciences will be listed on the bourses on Monday, July 21, 2025. The issue was priced at Rs 570 per share, and raised a massive Rs 3,395.79 crore. Backed by strong fundamentals and a solid reputation in the biotech and pharmaceutical industry, the company is set to debut on both BSE and NSE. Market participants are eagerly watching its performance, as it could signal renewed investor interest in large pharma listings. Spunweb Nonwoven Ltd. IPO Joining Anthem on the same day is Spunweb Nonwoven Ltd., which is listing on the NSE SME platform on July 21, 2025. Priced at Rs 96 per share, the IPO raised Rs 60.98 crore. The company is known for manufacturing nonwoven fabrics used in hygiene, automotive, and industrial applications. With rising demand in these sectors, Spunweb's listing is expected to draw attention from SME-focused investors. Monika Alcobev Ltd. IPO top videos View all Monika Alcobev Ltd., a liquor and beverage distribution company, concluded its IPO between July 16 and July 18. Though the exact listing date is yet to be confirmed, the company is expected to list on the BSE SME platform within the current week. The issue price was set at Rs 286, and the total IPO size stood at Rs 165.63 crore. This listing is being closely followed, especially by investors looking for exposure to the premium alcobev space. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. About the Author Varun Yadav Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian More Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. tags : Initial Public Offering IPO view comments Location : New Delhi, India, India First Published: July 20, 2025, 10:16 IST News business » markets IPO Calendar This Week: 7 New Launches, Anthem Biosciences Among 3 Listings To Watch Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
