Shanti Gold IPO – Your investor's guide from puneripages.in
By Prashant for PuneriPages.in
When I first came across the IPO teaser for Shanti Gold International Limited, my mind immediately jumped to one question: Is this another typical gold business listing, or is there more to it? With the IPO opening on July 26, 2025, I decided to dig into the company and its numbers — and here’s what I found, in plain language, not finance-speak.
Table of Contents
The Gold Standard: What’s Shanti Gold All About?
Shanti Gold International Limited isn’t new to the scene. Based in Mumbai, they’ve been in the wholesale and retail gold jewellery business for over 17 years. But their work goes beyond just selling glitter. They specialize in 22 Karat gold ornaments — mostly bangles, chains, and fancy jewellery. Their focus is more on traditional designs, which appeal to Indian cultural sentiments — weddings, festivals, you name it.
What stood out to me is that they don’t just sell what they make. They also deal in jewellery from other manufacturers and artisans. This gives them a wider product basket and allows them to keep up with changing customer tastes without stretching their own production.
IPO Details in Simple Terms
- IPO Dates: July 26 – July 30, 2025
- Price Band: ₹81 per share
- Lot Size: 1,600 shares (₹1,29,600 per lot)
- Issue Size: ₹18.12 crore (Fresh Issue)
- Listing on: NSE Emerge
In case you’re wondering, NSE Emerge is the SME platform of the National Stock Exchange — meant for small and medium-sized businesses to raise capital.
Why Are They Raising Money?
The company says it’ll use the funds for working capital. That means buying raw gold, covering operational costs, maybe opening more outlets — basically, growing the business.
But here’s the interesting bit: they’re not taking on new debt or trying to pay off old loans. That’s a good sign. It shows they’re looking to expand with investor support, not patch up past mistakes.
A Look at the Financials
Now for the money talk — but I’ll keep it short and sweet:
- Revenue (FY 2024): ₹112.92 crore (vs ₹94.29 crore in FY 2023)
- Net Profit (FY 2024): ₹2.32 crore (vs ₹1.28 crore in FY 2023)
Yes, they’re growing — but it’s a slow and steady climb, not a moonshot. Margins are thin (which is expected in the gold business), but the profit is real.
Why This Might Be Worth Watching
Here’s what made me pay attention:
- Consistency: They’ve been around for nearly two decades.
- Cultural Fit: They understand the Indian customer and design for them.
- Expanding Reach: From B2B wholesale to retail — they’re covering both ends.
- Debt-Free Approach: Raising money the right way, not just covering losses.
If you’re someone who believes in backing traditional businesses with a solid customer base, this IPO might interest you.
But Wait — Let’s Not Ignore the Risks
I won’t sugarcoat this:
- Gold Price Volatility: Their raw material is gold. If prices spike, margins can get crushed.
- Thin Margins: Even a small disruption — say, in demand or sourcing — can eat into profits.
- SME Listing: NSE Emerge stocks often have lower liquidity. It may be tough to buy/sell shares quickly.
So while there’s potential, this is not a “buy and forget” stock. You’ll want to keep an eye on quarterly results and sector trends.
My Final Take
The Shanti Gold IPO isn’t a blockbuster. But it’s also not just shiny fluff. It’s a grounded, traditional business trying to grow responsibly — and that, in today’s market, is refreshing.
If you’re new to SME IPOs or exploring sector-specific opportunities in gold and jewellery, this one deserves a look. Just don’t go in blindly.
As always, this isn’t investment advice — just my honest thoughts. Do your research, and if you have any questions or insights, let’s talk in the comments or on WhatsApp.
— Written by Prashant, for puneripages.in
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