Shanti Gold IPO GMP: Subscription, Stock Price, Dividend, Bonus and Long‑Term Potential

If you’ve been tracking the Shanti Gold IPO GMP, here’s a simple breakdown of what it means, and why it matters if you’re thinking about investing.

The company behind this issue is Shanti Gold International, a Mumbai-based maker of 22 kt gold jewellery, specialising in CZ casting. The IPO — a ₹360 crore fresh issue — opens from July 25 to July 29 2025 at a price band of ₹189 to ₹199 per share.

The firm raised about ₹108 crore from anchor investors at ₹199 per share on July 24, just ahead of the public opening.

By midday on the first day, the IPO had reached 43% subscription, driven mainly by retail investors. Final allotment is slated for July 30, shares will be credited on July 31, and listing is expected on August 1 on both the NSE and BSE SME platforms.

GMP & Estimated Listing Price

In unofficial grey market circles, the GMP (Grey Market Premium) for Shanti Gold is hovering around ₹30 to ₹40, pointing to a likely listing price in the ₹229 to ₹239 range — about 15% to 20% above the ₹199 upper band. This suggests decent listing momentum, though remember, GMP is unregulated and only indicative.

Stock Price & Market Cap

Based on financial filings, the company’s revenue rose to around ₹1,106 crore in FY 2025, with net profit at ₹55.8 crore, up from ₹26.9 crore the previous year. Post-IPO, the company is valued at roughly ₹1,435 crore in market cap. The post‑issue P/E ratio works out to around 19‑20×, which is modest compared to some listed peers.

Dividend and Bonus Stock

As an SME IPO, Shanti Gold International has not declared any dividend or bonus share plans in its red‑herring prospectus or issue documents. Typically, SMEs focus on reinvestment and growth rather than immediate dividend payouts. So no bonus or dividend expectations should be assumed at this stage.

Multibagger Potential?

Whether this becomes a multibagger largely depends on post‑listing performance and the company’s expansion plans. The firm plans to use part of IPO funds (around ₹46 crore) to set up a new production facility in Jaipur, increasing capacity from 2,700 kg to 3,900 kg annually. The rest of the funds will support working capital and debt repayment.

If demand continues to grow and gold‑price volatility is manageable, the company may post strong earnings growth. Still, peer valuations, high debt levels, and SME–style liquidity risks could limit valuation multiples. Analysts have generally rated the IPO as “subscribe” or “neutral.”

Corporate Events Timeline

• ₹108 crore anchor placement at ₹199/share – July 24
• IPO open and close: July 25 to July 29
• Subscription update: 43% by midday of first day
• Allotment & Refunds: July 30 & July 31
• Listing: August 1 on NSE and BSE SME

Wrapping Up

If you’re watching shanti gold ipo gmp, the current premium of ₹30–40 signals steady retail interest and possible listing gains. There’s no formal dividend or bonus in sight, and the multibagger potential is tied to execution of expansion plans, margin improvement, and broader demand dynamics.

For investors comfortable with SME risk and volatility, this IPO could offer a short‑term listing play or a longer‑term thematic bet in jewellery exports. But fundamentals and cautious due diligence remain critical.

Disclaimer: This article is for informational purposes only. It does not constitute investment advice. Please consult a certified financial advisor before making any investment decision.