Shanti Gold International Limited
Against an issue price of ₹199. Split- and bonus-adjusted official closes — a past move, never a forecast.
Shanti Gold International Limited was a mainboard initial public offer.
The book was open from 25 July 2025 to 29 July 2025.
The issue was priced at ₹199 a share, from a band of ₹189 to ₹199.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
15 anchor investors were allotted shares before the book opened, worth ₹108 crore.
The shares listed on 1 August 2025.
The last official close on file is ₹259 (21 September 2026), which is 30.0% above the issue price.
It now trades as SHANTIGOLD, and its filed financials are on its company page.
Shares sold in the issue at ₹199 last closed at ₹258.69.
See SHANTIGOLD’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- Registrar
- Bigshare Services Private Limited
- Lead manager
- Choice Capital Advisors Private Limited
- Bidding opens25 Jul 2025
- Bidding closes29 Jul 2025
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing1 Aug 2025
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period.
| J4S Venture Fund - I | ₹10 cr |
| Rajasthan Global Securities Private Limited | ₹10 cr |
| Shine Star Build Cap Pvt Ltd | ₹10 cr |
| Societe Generale - ODI | ₹10 cr |
| Wealthwave Capital Fund | ₹10 cr |
| Vijit Growth fund | ₹9.1 cr |
| Meru Investment Fund PCC-Cell 1 | ₹8.9 cr |
| Abundantia Capital VCC- Abundantia Capital III | ₹5 cr |
| Astorne Capital VCC Arven | ₹5 cr |
| Founders Collective Fund | ₹5 cr |
| Jalan Chemical Industries Private Limited | ₹5 cr |
| Smart Horizon Opportunity Fund | ₹5 cr |
| Steptrade Revolution Fund | ₹5 cr |
| Sunrise Investment Opportunities Fund | ₹5 cr |
| Swyom India Alpha Fund | ₹5 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment31 Aug 202550% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment30 Oct 202550% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment1 Feb 2026already free
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment1 Feb 2027whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2023 | ₹3.67 | ₹3.67 | 1 |
| FY2024 | ₹4.98 | ₹4.98 | 2 |
| FY2025 | ₹10.34 | ₹10.34 | 3 |
Weighted-average return on net worth over the same years: 38.70%.
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| RBZ Jewellers Limited | 5,301.5 | — | 17.2% | 9.70 | ₹5,301 cr |
| SKY GOLD AND DIAMONDS LIMITED | 35,480.2 | — | 28.6% | 9.52 | ₹35,480 cr |
| Utssav CZ Gold Jewels Limited | 6,463.2 | — | 30.9% | 11.63 | ₹6,463 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Choice Capital Advisors Private Limited 2023 – 2026 | 11 0 measurable | — | — | 1 of 1 | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Bigshare Services Private Limited 2021 – 2026 | 214 16 measurable | +19.0% | 4 of 13 | 5 of 7 | 3 of 6 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive30 Jul 2025
- Draft red herring prospectus (DRHP)· ZIP · exchange archive14 Jan 2025
- Anchor investor allotment· ZIP · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.