About the Company
• Founded in 2017, headquartered in Mumbai.
• Specializes in the manufacturing and wholesale supply of gold jewellery.
• Product range includes antique, fusion, temple-style, and bridal gold ornaments.
• Operates in an asset-light model, focusing on outsourced manufacturing to reduce costs.
• Leverages long-standing relationships with retailers and wholesalers across the country.
IPO Details :
• IPO Opens: July 19, 2025 | Closes: July 25, 2025
• Issue Type: Fixed Price Issue | Price: ₹60 per share
• Total Issue Size: ₹18.12 crore (entirely a fresh issue)
• Lot Size: 2000 shares | Minimum Investment: ₹1.2 lakh
• Listing Platform: NSE SME | Tentative Listing Date: July 26, 2025
Financial Highlights & Business Strength :
• Revenue has grown steadily, reaching ₹122.63 crore in FY 2024.
• Net profit of ₹3.09 crore, indicating improved profitability over time.
• Maintains an ROE of ~17.7%, signaling efficient capital usage.
• Focus on affordable luxury makes the brand attractive to India's growing middle class.
• Operates with lean infrastructure and outsourced production, reducing fixed overheads.
Use of IPO Proceeds :
• Strengthen working capital base to meet rising demand.
• Cover public issue expenses and other operational enhancements.
• Fuel expansion into new regional markets and increase stock variety.
Investment Outlook :
• Gold jewellery remains a resilient and culturally significant market in India.
• Shanti Gold’s niche in lightweight and designer jewellery caters to evolving consumer preferences.
• The company benefits from deep retailer relationships and a low-cost operating model.
• This IPO provides investors access to a promising SME with steady financials and scalable potential.
• Suitable for investors looking for medium to long-term exposure to the gold retail value chain.
