05 June 2025, 03:10 PM
Shanti Gold International Ltd.
Shanti Gold International has received Securities and Exchange Board of India’s (SEBI) go-ahead to raise funds through initial public offering (IPO). The IPO is entirely a fresh issue of 1.8 crore equity shares.
Proceeds from the fresh issue to the extent of Rs 45.83 crore will be used for setting up of the Jaipur facility; Rs 190 crore will be allocated for funding the company's incremental working capital requirements; Rs 20 crore will be utilised for payment of debt and a portion will be used for general corporate purposes. Choice Capital Advisors is the sole book-running lead manager to the issue.
Shanti Gold International specialises in the design and production of various types of gold jewellery. With a team of 80 professionals utilising computer-aided design (CAD) technology, the company develops over 400 designs per month on a regular basis.