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17 hours ago
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The allotment status of Shanti Gold International IPO is expected to be finalized today. Investors who applied in this mainboard offering can now check whether they’ve received any shares ahead of the stock’s scheduled listing on August 1 on the NSE and BSE.
The public issue, entirely a fresh offering of 1.81 crore equity shares at Rs 199 apiece, saw solid demand from institutional and retail segments. It was subscribed across all categories and attracted Rs 108 crore from anchor investors on July 24.
How to check Shanti Gold International IPO allotment: The allotment status can be checked on the website of the registrar, Bigshare Services.
Visit Bigshare Services website (https://ipo.bigshareonline.com/ipo\_status.html)
From the dropdown, select ‘Shanti Gold International.’
Choose one of the three options: PAN, Application Number, or DP Client ID
In case of successful allotment, the shares are expected to be credited to your demat account by Thursday. Refunds for unallocated investors will also be processed the same day.
The company will debut on August 1, with the listing price closely watched given the strong financial growth and decent subscription. While the grey market premium has remained muted so far, the company’s fundamentals and anchor backing have raised hopes for a steady opening.
Shanti Gold International, known for its intricate 22kt CZ casting jewellery, has grown its revenue by 56% and its net profit by over 100% year-on-year in FY25. It counts names like Joyalukkas and Lalitha Jewellery among its clients and plans to use IPO proceeds for expansion, working capital, and partial debt repayment.
Investors are now keenly awaiting the stock’s debut on the bourses -- whether it shines bright or settles for a modest start.
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