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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.

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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.

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National News

Bhima Gold Unveils Ashtalakshmi Coin Collection for Akshaya Tritiya, Blending Devotion with Exquisite Design

A culturally rooted, insight-led launch that reimagines festive gold buying through storytelling, symbolism, and spiritual relevance.

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In a move that blends cultural storytelling with product innovation, Bhima Gold has unveiled its Ashtalakshmi Coin Collection for Akshaya Tritiya – positioning gold not just as a purchase, but as a deeply symbolic expression of prosperity, faith, and intent.

Timed with one of India’s most significant gold-buying occasions, Akshaya Tritiya, the launch reflects a deeper cultural shift in consumer behaviour. While the festival continues to drive strong purchase intent, there is a growing preference for meaningful, purpose-led buying experiences over purely transactional consumption.

Aligned with this evolving mindset, the Ashtalakshmi coin collection has been thoughtfully conceptualised to blend tradition with deeper symbolism. Inspired by the eight sacred forms of Goddess Lakshmi, each coin represents a distinct dimension of prosperity—from wealth and nourishment to courage, knowledge, and continuity.

By bringing together Adi Lakshmi, Dhana Lakshmi, Dhanya Lakshmi, Gaja Lakshmi, Santana Lakshmi, Veera Lakshmi, Vijaya Lakshmi and Vidya Lakshmi, the collection reframes gold coins from being a generic festive purchase to a story-driven, culturally immersive product experience – one that resonates across generations and belief systems.

This launch also aligns with Bhima Gold’s larger centenary narrative of “Together Purever,” which focuses on legacy, shared traditions, and evolving consumer meaning. The collection becomes an extension of that philosophy – reinforcing how heritage brands are reinterpreting tradition for a more aware and emotionally driven consumer.

Customers can pre-book their favourite jewellery by paying just 10% in advance & get their jewellery on Akshaya Tritiya at the lowest rate, which gives customers more flexibility and helps them plan their purchases with greater confidence, especially at a time when gold prices are high.

Akshaya Tritiya has traditionally been associated with intention, belief, and the aspiration for prosperity, extending beyond a purely transactional act of buying gold. The Ashtalakshmi Coin Collection has been conceptualised to reflect this deeper cultural and spiritual significance, with each coin designed to carry a distinct meaning and sense of purpose. The initiative also aligns with evolving consumer preferences, where there is a noticeable shift towards jewellery that offers emotional, cultural, and spiritual resonance in addition to intrinsic value.

With gold prices near record highs and consumer sentiment becoming more considered, Bhima’s Ashtalakshmi Coin Collection signals a broader shift in the category — from price-led promotions to meaning-led engagement, where design, storytelling, and cultural relevance drive both differentiation and demand.

As legacy brands navigate a new era of conscious consumption, Bhima Gold’s latest offering highlights how tradition can be reimagined as experience, making gold buying not just an act of investment, but an expression of identity and belief.

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