Everything you need to know about Shanti Gold International

About

Shanti Gold International is a jewellery manufacturer focusing on producing 22 Kt CZ gold jewellery. The company offers a variety of designs, including bangles, rings, and necklaces, catering to diverse customer needs. Operating across multiple Indian states and international markets, Shanti Gold International emphasizes quality control through its in-house manufacturing facility in Mumbai.

IPO schedule

Issue open date 2025-07-25
Issue close date 2025-07-29
UPI mandate deadline 2025-07-29 (5 PM)
Allotment finalization 2025-07-30
Refund initiation 2025-07-31
Share credit 2025-07-31
Listing date 2025-08-01
Mandate end date 2025-08-13
Lock-in end date for anchor investors (50%) 2025-08-29
Lock-in end date for anchor investors (remaining) 2025-10-28

Financials

Financial Year Ended March 2023 March 2024 March 2025
Total Assets 256.8 325.4 419.83
Revenue 682.2 715.0 1112.47
Profit After Tax 19.8 26.8 55.84

Issue size

Funds Raised in the IPO Amount
Overall ₹360.11 crores
Fresh Issue ₹360.11 crores

Utilisation of proceeds

Purpose INR crores (%)
Capital expenditure 46.30 (12.85%)
Working capital requirements 200 (55.53%)
Repayment of outstanding borrowings 17 (4.7%)
General corporate purposes

Strengths

  • A wide variety of 22 Kt CZ gold jewellery designs are offered.
  • Intricate jewellery crafted using CAD technology by expert team.
  • Fully integrated in-house manufacturing ensures quality control.
  • Promoters with over 20 years of industry experience each.
  • Strong financial growth with increasing revenue and profitability.

Risks

  • Significant delays in TDS payments potentially incur penalties.
  • Heavy reliance on in-house manufacturing may impede flexibility.
  • Critical skilled personnel departure could disrupt operations.
  • Non-compliance with environmental laws risks operational shutdowns.
  • Inadequate working capital could hinder business expansion efforts.
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