With overwhelming investor demand and an oversubscription of over 81 times, Shanti Gold International’s IPO has created strong market buzz—here’s how to check if you got allotted.
India’s primary markets continue to attract bullish interest, and the recent Shanti Gold IPO allotment status has become a trending query among investors. Shanti Gold International Ltd, a Mumbai-based gold jewellery manufacturer, drew massive attention with its ₹360.11 crore issue. With the allotment finalized on July 30, 2025, investors can now check whether they received shares via official channels like Bigshare Services, BSE, and NSE.
How to Check Shanti Gold IPO Allotment Status Online
Here are the step-by-step instructions on how to check IPO allotment online for Shanti Gold International:
On Bigshare Services (Registrar Website):
- Go to: https://ipo.bigshareonline.com/IPO_Status.html
- Choose ‘Shanti Gold International Ltd’ from the dropdown menu.
- Enter your Application Number, PAN, or DP/Client ID.
- Complete the captcha and click ‘Search’ to view status.
On BSE India Website:
- Visit: https://www.bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ as issue type.
- Choose ‘Shanti Gold International Ltd’ from the dropdown list.
- Enter your PAN and Application Number.
- Complete the captcha and click ‘Search’.
On NSE India Website:
- Visit: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select ‘Equity and SME IPO bids’.
- Choose ‘Shanti Gold International Ltd’.
- Enter your PAN and Application Number.
- Click ‘Submit’ to check allotment status.
IPO Subscription Breakdown
The IPO saw exceptional response across investor categories, highlighting strong market confidence in Shanti Gold’s fundamentals.
| Investor Category | Subscription (x) |
|---|---|
| Retail Individual Investors | 30.37 times |
| Non-Institutional Investors | 151.48 times |
| Qualified Institutional Buyers | 117.33 times |
| Total | 81.17 times |
Over 102 crore shares were applied for against the 1.26 crore shares available, underscoring the scarcity and heightened demand.
Grey Market Premium & Listing Estimate
As of July 30, the Shanti Gold IPO GMP is trading at ₹38 in the grey market. Given the IPO price of ₹199, the implied listing price is approximately ₹237, suggesting an expected gain of ~19.1% if market sentiment holds.
| Metric | Value |
|---|---|
| Issue Price | ₹199 |
| GMP (as of July 30) | ₹38 |
| Expected Listing Price | ₹237 |
| Estimated Listing Gain | ~19.1% |
While the GMP is unofficial, it continues to serve as a reliable indicator of short-term listing expectations and overall market sentiment.
Company Financials & IPO Details
Founded in 2003, Shanti Gold International Ltd specializes in 22kt CZ casting jewellery, supplying to marquee clients like Joyalukkas, Lalitha Jewellery, and Alukkas Enterprises.
IPO Snapshot:
- Issue Size: ₹360.11 crore
- Type: Fresh Issue (No OFS)
- Shares Offered: 1.81 crore equity shares
- Price Band: ₹189–₹199
- Lot Size: 75 shares
- Minimum Investment: ₹14,175
- IPO Open: July 25, 2025
- IPO Close: July 29, 2025
- Allotment Date: July 30, 2025
- Demat Credit/Refund Date: July 31, 2025
- Expected Listing Date: August 1, 2025
- Listing Exchanges: BSE, NSE
- Registrar: Bigshare Services Pvt Ltd
- Book-running Lead Manager: Choice Capital Advisors Pvt Ltd
Use of Proceeds:
- Working capital requirements
- Establishing a new unit in Jaipur
- Debt repayment
- General corporate purposes
The company operates a 13,000+ sq. ft. facility in Andheri East, Mumbai, with an annual production capacity of 2,700 kg of gold jewellery, and has a presence in 15 states and 1 union territory.
Is Shanti Gold IPO Worth It?
While the IPO valuation was considered fair, what drew attention was the zero OFS component, meaning all proceeds go directly to business expansion. The GMP and overwhelming subscription signal strong short-term potential.
✅ Strengths:
- Strong retail and institutional demand
- Trusted supplier to major jewellery brands
- End-to-end control over design, manufacturing, and packaging
- Expansion plans indicate growth-oriented use of funds
⚠️ Risks:
- Volatility in gold prices
- Intense competition in the jewellery market
- Execution risk in expansion projects
Overall, analysts suggest that the IPO suits both listing gains-focused investors and long-term growth seekers, provided the company maintains margins and execution quality post-IPO.
FAQ
❓How do I check Shanti Gold IPO allotment online?
Visit the Bigshare Services, BSE, or NSE website, enter your PAN or application number, and check your allotment status.
❓What is Shanti Gold GMP today?
The GMP is ₹38 as of July 30, implying a potential listing price of around ₹237.
❓When is Shanti Gold IPO listing date?
The expected Shanti Gold IPO listing date is August 1, 2025, on BSE and NSE.
❓Is it a good IPO to invest in?
Given high subscription, solid fundamentals, and a reasonable GMP, the IPO looks promising—but assess risks before investing.
Final Thoughts
The Shanti Gold IPO has struck a chord with investors, evident in its 81x oversubscription and healthy GMP of ₹38. With allotments finalized on July 30, and listing set for August 1, anticipation is high.
👉 Check your status now and watch for listing gains—Shanti Gold may shine bright on debut.
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