Shanti Gold International Glistens with Rs 108 Crore from Anchor Investors

Shanti Gold International, a prominent manufacturer of gold jewellery, has raised more than Rs 108 crore from anchor investors just before its IPO opens for public subscription. The announcement came as a significant development for the Mumbai-based company aiming to establish a new facility in Jaipur.

The anchor investors include notable names such as Societe Generale and Wealthwave Capital Fund, securing shares at Rs 199 each. The circular on the BSE website reported that 54,28,800 shares were allocated to 15 entities, marking this as a promising start for the IPO.

Scheduled for public release between July 25 and July 29, the Rs 360-crore IPO reflects Shanti Gold's robust growth, with revenue reaching Rs 1,106.41 crore in FY25, a 55.52% increase from the previous year. The generated funds will support various expansions, including a new Jaipur facility and working capital enhancements.

(With inputs from agencies.)