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Shanti Gold IPO

Jewelry/Gold - Listed on 01 August 2025

+14.6% listing gain
Issue Price (Upper)
Rs 199
Listing Price
Rs 228
Closing Price (NSE)
Rs 229.38
Total Subscription
80.80x

Shanti Gold IPO listing summary

Shanti Gold (Jewelry/Gold) closed its IPO window in 2025 and listed on NSE and BSE on 01 August 2025 at an upper band issue price of Rs 199, opening at Rs 228 for a listing gain of +14.6% and closing day one at Rs 229.38 (+15.3% on closing basis). The IPO was subscribed 80.80x overall - QIB 117.33x, HNI/NII 151.18x, Retail 29.77x. The total issue size was Rs 360.11 Cr (Fresh Issue Rs 360.11 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+14.57%
Listing Gain (Close)
+15.27%
Day Change After Listing
+0.69%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB117.33x
HNI / NII151.18x
Retail29.77x
Overall80.80x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 11.16x
Day 24.93x
Day 3 (Final)80.80x

Shanti Gold IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 36+18.09%
Day 2Rs 36+18.09%
Day 3Rs 36+18.09%
Day 4Rs 36+18.09%
Day 5Rs 37+18.59%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
18.1%-18.6%
IPOGyani AI Prediction
-
Actual Listing Gain
+14.6%

Issue & financials

Issue SizeRs 360.11 Cr
Fresh IssueRs 360.11 Cr
OFSRs 0 Cr
IPO PE25.69
Peer / Sector PE16.89
PE vs Sector Ratio1.17
Latest EBITDA (Cr)8.83
Debt / Equity1.60

Market context at listing

How the broader market moved around the Shanti Gold IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-0.00%
Nifty 1W Return-0.00%
Nifty 1M Return+0.00%
Nifty during IPO window-0.02%

Shanti Gold IPO - FAQs

What was the listing gain of Shanti Gold IPO?

Shanti Gold IPO listed at +14.6% versus the upper issue price of Rs 199 on 01 August 2025.

How many times was Shanti Gold IPO subscribed?

Shanti Gold IPO was subscribed 80.80x overall. QIB portion was subscribed 117.33x, HNI / NII 151.18x and Retail 29.77x.

What was the IPO GMP for Shanti Gold?

IPO GMP started at Rs 36 on Day 1 and moved to Rs 37 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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