National News
Shanti Gold to Raise ₹360 Crore via IPO Opening July 25
The IPO, priced at ₹189–₹199 per share, is a fresh issue of 1.81 crore shares with proceeds earmarked for expansion, debt repayment, and working capital needs.
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.
The session saw a power packed panel of experts that comprisedSurendra Mehta, National Secretary- IBJA,Ranjith Singh,Head of Business Development, IIBX, Shweta Dhanak, Director – Vijay Exports,S Thirupathi Rajan, MD Goldsmith Academy, Shivanshu Mehta, SVP & Head Bullion-MCX.The session was moderated by Chirag Seth, Principal Consultant, Metals Focus.
Some salient points made by the panelists:
- Gold prices are not linked to consumer demand. They are linked to central bank buying and ETFs
- Till the banking system doesn’t collapse, gold price will continue to rise
- Jewellers were advised to use a mix of futures and options for risk mitigation
- Given the current situation manufacturers selling on credit or unfavorable deals could be fatal flaw for business.
- Precious metals forecast: Surendra Mehta said he sees gold in 2026 in $4900-5100 range and silver in $90-105.Looking further he said by 2030-2035 gold could touch $18000- 20000 and silver could reach $500. Chirag Seth predicted silver touching $105 this year and gold moving in the $ 5200- $ 5500.
Gold & Precious Metals – A future outlook
All That Glitters: The Jewellery Moments Everyone Talked About at the 2026 Golden Globes
GJEPC launches ‘ JewelStart’ -India’s first dedicated innovation & incubation centre for the GJ industry
-
GlamBuzz2 weeks agoGIVA Launches ‘Glow in Motion’, Unveils New Jewellery Collection Fronted by Barkha Singh
-
International News2 weeks agoSilver retraces down on margin hike pressure AUGMONT BULLION REPORT
-
JB Insights2 weeks agoThe JewelBuzz E-zine: Your Fortnightly Pulse of the Jewellery Industry
-
JB Insights2 weeks agoIIJS Bharat Signature 2026 set to open the year with scale, innovation and global momentum
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.