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.
National News
Cosmos Diamonds Makes History With World’s First LGD Jewellery Launched Into Space
The Launch Also Reinforces India’s Emergence As A Global Innovation Hub Where Startups From Diverse Sectors Are Forging Unconventional Partnerships.
In a landmark moment where luxury, science and space exploration converged, Sanjana Tripuramallu, founder of Bengaluru-based Cosmos Diamonds, has achieved a global first by collaborating with private space company Skyroot Aerospace to send Cosmos Bloom, the world’s first lab-grown diamond (LGD) jewellery creation into space aboard the Vikram-1 rocket.
The Cosmos Bloom Diamond is handcrafted in 18 kt gold using 32 pear-cut LGDs arranged in the form of a blooming lotus and mounted on a specially engineered aluminium base plate. It is designed to withstand the extreme conditions of launch and spaceflight. The space-bound jewel is valued at Rs 11 lakh and combines Indian craftsmanship, technology, and innovation.
Sanjana Tripuramallu, Founder- Cosmos Diamonds
The launch also reinforces India’s emergence as a global innovation hub where startups from diverse sectors are forging unconventional partnerships. While Skyroot Aerospace showcased the country’s private launch capabilities through Vikram-1, Cosmos Diamonds used the mission to tell a powerful story of Indian design and scientific ambition on an international stage. With the successful launch of the world’s first lab-grown diamond jewel into orbit, Sanjana Tripuramallu and Cosmos Diamonds have etched their names into both jewellery and space history, demonstrating that the future of luxury may well extend beyond Earth itself.
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