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15 Days Price Change

Shanti Gold Internat IPO

Closing In

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Profile
Issue Size 252.08 Cr
Profile
Price Range 189  to  199 per share
Profile
Min Investment ₹199
Profile
Lot Size 1
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Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are one of the leading manufacturers of high-quality 22kt CZ casting gold jewellery, in terms of installed production capacity, specializing in the design and production of all types of gold jewellery (Source: CARE Report). Our Company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points ranging from jewellery for special occasions, such as weddings to festive and daily-wear jewellery. Read More

Basic Info

Face Value 10 per share

Price 189  to  199 per share

P/E (x) 19.3

Sales( Cr.) 1106

PAT( Cr.) 56

EPS 10.3

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Pankajkumar H Jagawat Manojkumar N Jain Shashank Bhawarlal Jagawat

Pre Issue Share Holding 99.98%

Post Issue Share Holding 74.88%

Listing Details:

Listing Price: 229.1

Listing Gain: 13.14%

Current Price: 221

Gain On Issue: 221 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 25, 2025
Closing Date Jul 29, 2025
Allotment Jul 30, 2025
Refund Jul 31, 2025
Delivery of Shares Jul 31, 2025
Listing Date Aug 01, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 75 14,925
Retail (Max) 13 975 194,025
S-HNI (Min) 14 1050 208,950
S-HNI (Max) 67 5025 999,975
B-HNI (Min) 68 5100 1,014,900

Objective of the Issue

1. Funding of capital expenditure requirements towards setting up of the Proposed Jaipur Facility (defined below) 2. Funding working capital requirements of our Company 3. Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company 4. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 3619200 424633800 117.3x
NII 2714400 411186975 151.5x
Retail 6333600 192378000 30.4x
EMP 0 0 0x
Total 12667200 1028198775 81.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Shanti Gold Internat Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 428 679 711 1106
Other Income 2 3 4 6
Total Income 430 682 715 1112
Total Expenditure 409 637 662 1015
Operating Profit 21 46 53 98
Interest 10 12 14 19
Depreciation 3 2 3 6
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 8 31 36 73
Provision for Tax 5 11 9 17
Profit After Tax 3 20 27 56
Adjustments 0 0 0 0
Profit After Adjustments 3 20 27 56
Adjusted Earnings Per Share 0.6 3.7 5 10.3

Shanti Gold Internat Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 50 70 97 152
Minority's Interest 0 0 0 0
Borrowings 39 43 35 19
Other Non-Current Liabilities 10 10 19 14
Total Current Liabilities 115 134 175 234
Total Liabilities 214 257 325 420
Fixed Assets 21 21 39 33
Other Non-Current Assets 29 33 31 35
Total Current Assets 165 204 256 351
Total Assets 214 257 325 420

Shanti Gold Internat Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 1 3
Cash Flow from Operating Activities -16 -4 -13 -15
Cash Flow from Investing Activities -3 -4 -5 1
Cash Flow from Financing Activities 18 9 20 13
Net Cash Inflow / Outflow -0 1 2 -0
Closing Cash & Cash Equivalent 0 1 3 3

Shanti Gold Internat Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.61 3.67 4.98 10.34
CEPS(Rs) 1.08 4.13 5.6 11.39
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 9.26 12.93 17.9 28.22
Core EBITDA Margin(%) 4.41 6.28 7.01 8.28
EBIT Margin(%) 4.25 6.34 7.04 8.32
Pre Tax Margin(%) 1.96 4.56 5.04 6.58
PAT Margin (%) 0.77 2.92 3.78 5.05
Cash Profit Margin (%) 1.36 3.28 4.25 5.56
ROA(%) 1.54 8.41 9.23 14.99
ROE(%) 6.6 33.08 32.28 44.85
ROCE(%) 9.47 20.26 18.96 27.06
Receivable days 59.52 46.25 46.32 42.87
Inventory Days 72.47 45.78 54.89 45.72
Payable days 6.97 4.07 3.02 1.92
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.34 0.24 0.23 0.25
EV/Core EBITDA(x) 7.07 3.54 3.08 2.79
Net Sales Growth(%) 0 58.61 4.71 55.52
EBIT Growth(%) 0 136.85 16.29 83.73
PAT Growth(%) 0 500.39 35.57 107.84
EPS Growth(%) 0 500.39 35.57 107.84
Debt/Equity(x) 2.84 2.34 2.05 1.53
Current Ratio(x) 1.43 1.52 1.46 1.5
Quick Ratio(x) 0.69 0.88 0.73 0.87
Interest Cover(x) 1.86 3.55 3.51 4.79
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 56% 37% 0% 0%
Operating Profit CAGR 85% 67% 0% 0%
PAT CAGR 107% 165% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 45% 37% 29% 29%
ROCE Average 27% 22% 19% 19%

Company Contact Information

Shanti Gold International Ltd.

Vrushti Parag Shah

91 22 4824 9647

cs@shantigold.in

Plot No A-51, 2nd Floor To 7th Floor, Midc, Marol Industrial Area Road No.-1, Near Tunga International Hotel Chakala Midc, Andheri (East)

IPO Lead Manager(s)

Shanti Gold International Ltd.

Choice Capital Advisors Pvt Ltd

Registrar Info

Shanti Gold International Ltd.

Bigshare Services Pvt Ltd

G 10 Left Wing Amruta Village , Opp: Yashoda Hospital,Raj Bhavan Road,Somajiguda,Hyderabad

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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