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SHANTIGOLD IPO

Shanti Gold International Limited

IPO Doc

Start Date25-07-2025

Application Timing10am-5pm

Price Range₹189 - ₹199

Min Qty75

Min. Investment₹14175

Listing Date01-08-2025

Close Date29-07-2025

About Shanti Gold International Limited

Shanti Gold International Ltd., incorporated in 2003, is a prominent manufacturer of 22kt Cubic Zirconia (CZ) casting gold jewellery. Headquartered in Mumbai, the company specializes in intricately designed bangles, rings, necklaces, and bridal sets catering to weddings, festive occasions, and daily wear. It operates a 13,448.86 sq. ft. manufacturing facility in Andheri East, with an annual production capacity of 2,700 kg.

With a design team of 80 CAD professionals, the company crafts over 400 new CZ gold designs every month, combining traditional craftsmanship with advanced design technology. Its client base includes reputed jewellery brands such as Joyalukkas, Lalitha Jewellery, Alukkas Enterprises, and Vysyaraju Jewellers.

As of May 31, 2025, the company has a workforce of 222 employees and 100 contractual labourers and operates across 15 states and 1 union territory in India.

Why To Invest in Shanti Gold International Limited

Strong Financial Growth: Revenue surged by 56% and net profit jumped 108% YoY in FY25.

High Return Ratios: RoNW at 44.85% and ROCE at 25.70% indicate strong operational efficiency.

Reputed Client Base: Long-standing relations with leading jewellery brands across India.

Pan-India Presence: Distribution in 15 states and 1 UT, ensuring geographical diversification.

Expansion Plans: Proceeds will support setting up a new facility in Jaipur and strengthen working capital.

Robust Design Capacity: Over 400 new CAD jewellery designs monthly, providing a competitive edge.

Financial Table

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	419.83	325.40	256.88
Revenue	1,112.47	715.04	682.28
Profit After Tax	55.84	26.87	19.82
EBITDA	97.71	53.45	45.57
Net Worth	152.37	96.67	69.81
Total Borrowing	233.00	210.68	165.34

Strengths And Risks

Strong Financial Growth: Shanti Gold International has shown robust financial performance, with revenue increasing by 56% and PAT doubling by 108% from FY24 to FY25 reflecting strong operational efficiency and scalability.

Advanced Design Capabilities: The company boasts a dedicated team of 80 CAD designers who create over 400 new jewellery designs every month, ensuring constant innovation and customer appeal.

Experienced Promoters: The business is led by experienced promoters with proven execution capabilities in the jewellery manufacturing industry, bringing strategic direction and long-term vision.

Integrated In-House Manufacturing: With a modern 13,448.86 sq. ft. facility in Mumbai, Shanti Gold manages design, production, and packaging internally, ensuring high-quality standards at every stage.

Established Client Relationships: The company enjoys long-term associations with reputed jewellery brands like Joyalukkas, Lalitha Jewellery, and Alukkas Enterprises, strengthening its market presence.

High Leverage Position: The company has a debt-to-equity ratio of 1.60, which indicates a relatively high reliance on borrowed funds. This could impact its financial flexibility in the future.

Sensitivity to Gold Price Fluctuations: Being in the gold jewellery industry, the business is highly exposed to changes in global gold prices, which could affect input costs and margins.

Moderate Profit Margins: Despite rising revenues, the PAT margin stands at 5.05% and EBITDA margin at 8.83%, leaving limited cushion to absorb adverse market conditions.

Competitive Industry Landscape: The Indian jewellery market is highly fragmented and competitive, where pricing, design innovation, and brand loyalty play critical roles in sustaining growth.

FAQs

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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INH000013332

AMFI Registration:

ARN-35911

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We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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SHANTIGOLD IPO

About Shanti Gold International Limited

Why To Invest in Shanti Gold International Limited