Archive · 28 Jul 2025
Shanti Gold IPO Sees Positive Investor Interest on Day Two
Shanti Gold, a jewelry company, is selling shares to the public through an IPO.
Investors are showing interest, and the price per share will be between ₹189 and ₹199.
The company hopes to raise a lot of money, part of which will be used to set up a new factory, pay back loans and more.
By the second day, more than one times the number of shares offered were subscribed.
The shares are expected to start trading on the stock exchange around August 1st.
Shanti Gold International's IPO entered its second day of bidding with positive investor interest.
The IPO price band is set between ₹189 and ₹199 per share.
The IPO aims to raise approximately ₹360.11 crore through a fresh issue.
The IPO was subscribed approximately 1.16 times by the end of day two.
Listing is tentatively scheduled for August 1st.
- Who
- Shanti Gold International Ltd.
- What
- Shanti Gold International launched its IPO for public subscription.
- When
- The IPO subscription began July 25 and closes on July 29.
- Where
- Not explicitly mentioned in the articles.
- Why
- To raise capital for expansion, debt repayment, and working capital.
- IPO Price Band
- ₹189 - ₹199 per share
- Issue Size
- ₹360.11 crore
- Subscription Period
- July 25 - July 29
- Day 2 Subscription
- 1.16 times
- GMP (Estimated)
- ₹38
- Listing Date (Tentative)
- August 1
