Mumbai-based gold jewellery manufacturer Shanti Gold International has announced the launch of its Rs.360-crore initial public offering (IPO), set to open for subscription on July 25 and close on July 29.

The company has fixed the IPO price band at Rs.189 to Rs.199 per equity share, with the issue comprising a fresh issue of 1.81 crore shares. There is no offer-for-sale (OFS) component in this offering.

Proceeds from the IPO will be utilised for multiple strategic purposes, including setting up a new manufacturing facility in Jaipur, meeting incremental working capital requirements, repayment of debt, and other general corporate needs.

Shanti Gold, which specializes in the design and production of a wide range of gold jewellery, currently operates with an installed manufacturing capacity of 2,700 kg per annum.

The company has shown strong financial growth, with revenue from operations rising by 55.5% to Rs.106.41 crore in FY25, up from Rs.711.43 crore in FY24. Profit after tax also more than doubled, increasing from ₹27 crore in FY24 to Rs.56 crore in FY25.

As per the IPO structure:

• 50% of the issue is reserved for qualified institutional buyers (QIBs)
• 35% for retail individual investors (RIIs)
• 15% for non-institutional investors (NIIs)

With the IPO, Shanti Gold aims to fuel its next phase of expansion while strengthening its financial position.