The Shanti Gold International IPO is generating strong excitement in the market with robust demand from retail and HNI investors, and a promising Grey Market Premium (GMP) holding near ₹38. With one day left before the issue closes, should investors jump in?
Let’s break it all down in simple, clear terms.
Shanti Gold IPO GMP Today – July 29, 2025
Here’s what the latest grey market trends say:
- Current GMP: ₹38
- Estimated Listing Price: ₹237 (based on ₹199 issue price + ₹38 premium)
- Listing Gain Potential: ~19.10%
The GMP has fluctuated between ₹36–₹39 throughout the day but remains stable, signaling strong demand in the unofficial market.
Subscription Status (As of Day 3 – July 29 , 12:00 a.m. IST)
The IPO is seeing healthy participation from non-institutional and retail investors:
- Overall Subscription: 4.93 times
- Retail Investor Portion: 6.61 times
- HNI (NII) Portion: 7.53 times
- QIBs (Institutional): Just 0.05 times (expected to pick up on Day 3)
The response is especially strong in the retail and HNI categories, while institutions are likely to bid closer to the deadline.
Shanti Gold IPO: Important Facts You Need to Know
Here’s a snapshot of all key information:
| Detail | Value |
|---|---|
| IPO Price Band | ₹189–₹199 per share |
| IPO Open Dates | July 25 to July 29, 2025 |
| Lot Size | 75 shares |
| Min Investment | ₹14,175 (for 1 lot at ₹189) |
| Issue Size | ₹360.11 crore (Fresh issue) |
| Allotment Date | July 30, 2025 |
| Expected Listing Date | August 1, 2025 (tentative) |
| Lead Manager | Choice Capital Advisors Pvt Ltd |
| Registrar | Bigshare Services Pvt Ltd |
| Website | https://shantigold.in/ |
Why Investors Are Interested
The IPO is getting strong attention due to:
- Positive Grey Market Sentiment (GMP hovering near ₹38)
- Well-established brand in the 22kt CZ casting gold jewellery market
- Strong retail participation right from Day 1
- Favorable financial track record and growth outlook
Analyst Insights
Experts across platforms have given a favorable view, highlighting:
- Shanti Gold’s deep presence in the western and southern India market
- Efficient manufacturing capabilities with wide distribution reach
- Improving revenue and margin growth over the past three years
However, they also advise investors to weigh broader market trends and industry competition before making long-term bets.
Quick Summary Table: GMP & Subscription Status
| Time | GMP (₹) | Listing Price (₹) | Premium (%) | Total Subscribed (x) | Retail Subscribed (x) |
|---|---|---|---|---|---|
| July 28, 8:51 a.m. | 38 | 237 | 19.10% | 4.93x | 6.61x |
| July 28, 3:53 p.m. | 37.5 | 236.5 | 18.7% | ~4.93x | ~6.6x |
FAQs – Shanti Gold IPO
1. What is the current GMP for Shanti Gold IPO?
The latest Grey Market Premium is ₹38, indicating about 19% upside from the IPO price of ₹199.
2. How many times has the IPO been subscribed so far?
As of July 29, the IPO is subscribed 4.93 times overall, with retail and HNI segments showing strong demand.
3. When will I know the allotment status?
The basis of allotment will be finalized on July 30, 2025, and you can check your status via Bigshare Services’ website.
4. What’s the minimum investment I need to apply?
You need to invest in at least 1 lot, which is 75 shares, requiring a minimum of ₹14,175.
5. Is it a good IPO to apply for?
If you’re looking for short-term listing gains, the steady GMP and high retail demand suggest a positive outlook. However, evaluate fundamentals if planning for long-term holding.
Final Thoughts
With a 19% GMP, high retail interest, and a robust financial foundation, the Shanti Gold IPO looks promising, especially for those eyeing a short-term pop on listing day. Don’t forget: the final day to apply is July 29, 2025.
Stay tuned for the allotment and listing updates, and follow our page for daily IPO GMP trends and insights.
