Shanti Gold IPO: Gold is more than just a valuable metal in India; it is a symbol of wealth, tradition, and financial security that is firmly ingrained in weddings, celebrations, and investments. The Shanti Gold International IPO, open from July 25 to July 29, 2025, offers investors a chance to tap into this thriving market through a top maker of 22kt Cubic Zirconia (CZ) casting gold jewellery. With a subscription rate of 4.9 times by Day 2 and a grey market premium (GMP) of 39, the initial public offering (IPO), which is priced at 189 to 199 a share and intends to raise 360.11 crore, has attracted a lot of interest and might list for 238 (19.6% gain) on August 1, 2025 [LiveMint]. This initial public offering (IPO) offers new investors in India the option to maximise their tax obligations through smart strategies in addition to the potential for capital growth. To assist you with making good choices in 2025, this article examines the Shanti Gold IPO, its investing potential, important risks, and practical tax-saving advice.
Shanti Gold International: Company Overview
One of the top producers of fine 22kt CZ casting gold jewellery, Shanti Gold International Limited was established in 2003 and has its headquarters in Mumbai. The company, which uses sophisticated equipment like casting machines and CAD technologies in addition to specialised outsourced labour for precise stone settings, has an annual manufacturing capacity of 2,700 kg and operates out of a 13,448.86 sq. ft. integrated facility in Andheri East [ClearTax]. Shanti Gold creates a wide range of jewellery for festivals, weddings, and everyday wear, such as bangles, rings, necklaces, and bridal sets. The company served 455 customers in FY25, up from 372 in FY24 and 379 in FY23, demonstrating strong market demand, with 79 in-house CAD designers producing over 400 designs each month [IPOCentral]. The company’s focus on sustainability, quality, and personalisation makes it a major force in India’s organised gold jewellery market.
Details of the IPO
The goal of the book-built Shanti Gold International IPO is to raise 360.11 crore by issuing 1.81 crore equity shares with a face value of 10 each. Allotment is anticipated on July 30, 2025, while listing on the BSE and NSE is scheduled for August 1, 2025. The initial public offering (IPO) went live on July 25, 2025, and will close tonight, July 29, 2025, at 5:00 PM IST. With Bigshare Services Pvt Ltd serving as the registrar and Choice Capital Advisors Pvt Ltd managing the offering, the IPO has had strong demand, with 4.9 subscriptions by Day 2 [LiveMint]. A possible listing price of ~₹238 with a grey market premium (GMP) of ₹39 represents a gain of ~19.6% [IPOWatch].
Important IPO Information:
- Dates of Issue: July 25–29, 2025 (July 24, 2025 for anchor investors).
- Price range: 189 to 199 rupees per share.
- Lot Size: 75 shares; retail investors must deposit a minimum of ₹14,175 to ₹14,925.
- ₹360.11 crore is the issue size (1.81 crore shares, fresh issue only).
- 15% are High Net Worth Individuals (HNIs), 50% are Qualified Institutional Buyers (QIBs), and 35% are retail.
- Date of Allotment: July 30, 2025.
- Date of Listing (BSE, NSE): August 1, 2025.
- GMP: ₹39 (estimated listing price: ₹238; premium of around 19.6%).
- Registrar: [Bigshare Services] Bigshare Services Pvt Ltd.
The following will be the distribution of the IPO proceeds:
- ₹46.3 crore for a new Jaipur manufacturing plant.
- For operating capital needs, ₹200 crore is needed.
- ₹17 crore for debt reduction (as of May 2025, the total debt was ₹242 crore).
- Money left over for general business needs [LiveMint].
| IPO Detail | Value |
| Issue Dates | July 25-29,2025 |
| Price Band | ₹189-₹199 per share |
| Lot Size | 75 shares (₹14,175-₹14,925) |
| Issue Size | ₹360.11 crore |
| Subscription (Day 2) | 4.9 times |
| GMP | ₹39 (~238 listing price) |
| Allotment Date | July 30,2025 |
| Listing Date | August 1,2025(BSE,NSE) |
Financial Performance
Shanti Gold International’s attractiveness as an investment has been strengthened by its remarkable financial growth:
- Revenue: Revenue increased by 55.6% from ₹715.04 crore in FY24 to ₹1,112.47 crore in FY25.
- Net Profit: In FY25, net profit was ₹55.84 crore, a 107.8% increase over FY24’s ₹26.87 crore.
- Revenue CAGR: The high demand for gold jewellery drove the revenue CAGR of 27.61% from FY23 to FY25.
- P/E Ratio: Based on FY25 annualised earnings, the P/E ratio is approximately 35.7x, which is competitive in the jewellery industry (IPOWatch).
- Debt: With ₹17 crore of IPO proceeds set aside for repayment, the debt, as of May 2025, was ₹242 crore, lowering financial leverage.
Shanti Gold is well-positioned for long-term growth thanks to this strong performance and the expanding organised jewellery market in India [Chittorgarh].
| Financial Metric | FY25 | FY24 | YoY Growth |
| Revenue (crore) | 1,112.47 | 715.04 | 55.6% |
| Net Profit (Crore) | 55.84 | 26.87 | 107.8% |
Investment potential
Due to its cultural significance, growing disposable income, and growing demand for well-made, well-organised goods, the Indian gold jewellery market is booming. Driven by urbanisation and consumer preference for branded jewellery, the market, valued at approximately ₹6.7 lakh crore in 2025, is expected to grow at a 15% CAGR through 2030 [Business Today]. Among Shanti Gold’s advantages are:
- Market Leadership: With an annual production capacity of 2,700 kilogramme, this company is among India’s top producers of 22kt CZ jewellery.
- Operational Efficiency: Quality and scalability are guaranteed by integrated in-house facilities and cutting-edge technologies.
- Growth Initiatives: Production and financial stability will be improved by the new Jaipur plant and debt repayment.
- Strong Subscription: by Day 2, 4.9 subscriptions had been made, and a ₹39 GMP suggested a possible 19.6% listing gain [LiveMint].
- Analyst Optimism: Because of its market position and financial growth, brokerages such as Choice Capital Advisors give it a favourable rating for long-term investors.
Risks To Consider
The Shanti Gold IPO has risks despite its potential:
- Gold Price Volatility: Because raw material costs are a major expense, changes in gold prices can have an effect on profitability.
- Competition: There is fierce rivalry from both unorganised retailers and well-known firms like Tanishq and Kalyan Jewellers.
- Customer Dependency: If important ties fail, relying on a small number of customers (455) in FY25 could be risky.
- Post-Listing Volatility: If listing profits are overhyped, high subscription rates (55x in comparable IPOs) may cause corrections [Financial Express].
- Regulatory Risks: Margin may be impacted by changes to import taxes or GST (3% on gold) as well as adherence to BIS standards.
Tax Saving Strategies
Although the Shanti Gold IPO itself does not provide direct tax deductions, it is a tax-saving opportunity if you manage your investment well to reduce your capital gains tax obligations. The holding period determines how capital gains from equity shares traded on reputable stock exchanges such as the BSE and NSE are taxed in India:
- Short-Term Capital Gains (STCG): 20% tax is applied to gains from shares sold within a year of allocation.
- Long-Term Capital Gains (LTCG): Up to ₹1.25 lakh in profits from shares held for more than a year are tax-free; any excess gains are subject to 12.5% taxation without indexation [ClearTax].
The following four tax-saving techniques will maximise your investment in the Shanti Gold IPO:
1. Hold shares for more than 12 months
Gains from holding shares for more than a year are eligible for LTCG, which offers a lower 12.5% tax rate on excess gains as well as a ₹1.25 lakh tax-free limit. For example:
- Situation: You purchase 75 shares for ₹199 (₹14,925) and sell them for ₹238 after six months (STCG). Gain: ₹2,925 (75 × ₹39). 20% × ₹2,925 = ₹585 is the tax.
- Tax-Saving Scenario: Saving on Taxes Hold for 13 months and then sell for ₹238. Savings of ₹585 and gain of ₹2,925, tax-free (within ₹1.25 lakh).
- Greater Gain Example: Compared to STCG (20% × ₹1.5 lakh = ₹30,000), a ₹1.25 lakh gain after 13 months is tax-free, with ₹25,000 taxed at 12.5% (₹3,125). This is a savings of ₹5,750.
2. Tax Loss Harvesting
To offset Shanti Gold gains and lower taxable income, sell investments that are losing money. While long-term capital losses (LTCL) only offset LTCG, short-term capital losses (STCL) can offset both STCG and LTCG. For eight years, losses can be carried forward.
- For example, taxable gains are reduced to ₹30,000 when a ₹50,000 gain from Shanti Gold shares is offset by a ₹20,000 loss from another stock, saving ₹4,000 (STCG at 20%) or ₹2,500 (LTCG at 12.5%).
3. Develop a Strategic Sales Plan
Plan the selling of your shares to avoid going over the ₹1.25 lakh LTCG exemption limit. To keep your overall gains below this limit, sell your Shanti Gold shares if you have any additional LTCG.
- Example: Sell Shanti Gold shares for ₹25,000 after holding ₹1,00,000 in other LTCG. This will keep the total LTCG at ₹1,25,000 (tax-free) and save ₹3,125 in taxes.
4. Accurately Monitor Expenses
To lower taxable gains, include broking fees and other transaction charges in your cost basis. To automatically track transactions, use a Demat account with platforms such as [Groww] or [Zerodha].
- For example, purchasing 75 shares for ₹199 (₹14,925) and paying a broking fee of ₹50 results in a cost basis of ₹14,975. The ₹2,875 gain from selling at ₹238 (₹17,850) is little less than the gain without fees, which lowers the tax obligation.
Effective planning is crucial when it comes to reducing taxes on your stock market gains. To lower your capital gains tax and increase your earnings, try these four tried-and-true tax strategies:
- Keep Stocks for More Than a Year: Up to ₹1.25 lakh in LTCG (long-term capital gains) on equity shares are tax-free each year. They only pay 12.5% in taxes after this. If you make ₹1.5 lakh in gains, for example, you will only pay ₹3,125 in taxes, as opposed to ₹30,000 for Short-Term Capital Gains (STCG) if you sell it sooner.
- Tax Loss Harvesting: To offset taxable profits, this tactic entails selling stocks that are losing money. Example: depending on your tax rate, a ₹20,000 loss can lower your tax obligation on a ₹50,000 gain, saving you anywhere from ₹2,500 to ₹4,000.
- Plan Your transactions Carefully: You can keep inside the ₹1.25 lakh LTCG exemption limit by distributing your stock transactions over several fiscal years. If you carefully manage your annual total, you can sell stocks for a ₹25,000 profit along with other long-term gains and still avoid paying taxes.
- Keep a Close Eye on Investment Costs: Your taxable gains are impacted by even little outlays like broking fees. A ₹50 broking fee lowers your tax liability by deducting ₹50 from your profits.
Financial Planning Tips for Investors
Use these debt management and budgeting strategies to invest in the Shanti Gold IPO without experiencing financial hardship:
- Clear High-Interest Debt: Before investing, pay off personal loans (10–20%) or credit cards (20–40%) because their charges are higher than the possible IPO returns (~10–15%). An annual savings of ₹18,000 can be achieved by paying ₹5,000 per month at 36% on a ₹50,000 credit card [Financial Express].
- Create an emergency fund: By putting away three to six months’ worth of spending (₹1.5 to ₹3 lakh for monthly expenses of ₹50,000) in a high-yield savings account to prevent selling shares during periods of volatility [Policybazaar].
- Follow the 50/30/20 Rule, which states that 20% of income should go towards savings or investments, 30% towards wants, and 50% towards requirements. Set aside ₹10,000 for savings for a monthly salary of ₹50,000, and invest ₹1,000 to ₹2,000 in shares of Shanti Gold [NerdWallet].
- Start Small: To reduce risk, invest between ₹14,175 and ₹29,850 (1–2 lots), particularly in light of possible post-listing volatility [Zerodha].
- Diversify: To reduce sector-specific risks, keep Shanti Gold to 5–10% of your portfolio and balance it with fixed deposits or Nifty 50 index funds [Groww].
Investing in the Shanti Gold IPO: A Guide
If you move fast, you can still apply for the Shanti Gold IPO before it shuts today, July 29, 2025, at 5:00 PM IST. Purchase shares once they are listed on August 1, 2025, as an alternative. Here’s how:
- Open a Demat Account: Use digital KYC (PAN, Aadhaar, and bank details) to register with SEBI-regulated platforms such as [Zerodha], [Groww], or [Upstox].
- Apply for the IPO: Select Shanti Gold IPO from the IPO section after logging into your trading account. Then, choose lots 1–13 (75–975 shares, ₹14,175–₹194,025), choose the bid price (₹189–₹199), and confirm using ASBA or UPI.
- Check Allotment: On July 30, 2025, check the status on the BSE/NSE or [Bigshare Services] websites. The first day of refunds is July 31, 2025.
- Post-Listing Trading: Use the designated ticker to purchase shares on the BSE/NSE starting on August 1, 2025.
- Monitor Performance: For information on earnings or market trends, follow prices and news on [Moneycontrol] or [NSE India].
Frequently Asked Questions (FAQs)
1. What is the pricing range for the Shanti Gold IPO?
With a minimum investment of ₹14,175–₹14,925 for 75 shares, the price range is ₹189–₹199 per share (Chittorgarh).
2. How might the IPO present a chance to save money on taxes?
According to [ClearTax], holding shares for more than a year is eligible for LTCG tax (12.5% over ₹1.25 lakh) and a ₹1.25 lakh exemption, saving up to 7.5% in comparison to STCG at 20%.
3. The Shanti Gold IPO list date is when?
On August 1, 2025, it lists on the BSE and NSE, and on July 30, 2025, the allocation was finalised [IPOWatch].
4. Is the Shanti Gold IPO suitable for beginners?
Although its solid financials and market position make it attractive, diversification and prudence are necessary due to the competition and volatility of the gold price [Financial Express].
5. What risks come with investing?
Risks include changes in the price of gold, competition, reliance on customers, and volatility after listing [LiveMint].
An Example from Real Life
Situation: Priya, a 30-year-old Bengaluru professional who makes ₹50,000 a month, owes ₹50,000 at 36% on her credit card debt. The Shanti Gold IPO is what she wishes to invest in.
- Action: Priya would save ₹18,000 in interest by paying ₹5,000 a month to pay off her loan in about ten months. She uses [Groww] to apply for 1 lot (75 shares, 14,925) after building up a 1.5 lakh emergency fund. She expects to hold for 13 months to qualify for LTCG tax. She uses [Money View] to track her expenses and diversifies with a ₹2,000 monthly SIP in a Nifty 50 fund.
- Result: Her ₹18,750 gain is tax-free (within ₹1.25 lakh) if shares list at ₹238 and increase to ₹250 by August 2026. This saves her ₹3,750 in comparison to STCG (20% × ₹18,750). Her multifaceted strategy guarantees financial security.
Conclusion
With strong financials (55.6% revenue growth in FY25) and a potential 19.6% listing gain, the Shanti Gold International IPO, which closes today, July 29, 2025, presents an alluring opportunity to invest in India’s expanding gold jewellery market. You can reduce tax obligations and increase returns by keeping shares for more than a year, employing tax loss harvesting, and carefully managing transactions. Prioritise financial restraint by paying off high-interest debt and saving money for emergencies before making investments. To match your approach with your objectives, apply through [Zerodha] or [Groww], keep an eye on [Moneycontrol] for updates, and speak with a financial counsellor. Take advantage of this tax break and safely build wealth in 2025!
Disclaimer: There are risks associated with investing in equities and initial public offerings (IPOs), and historical performance does not guarantee future outcomes. Tax regulations can change depending on the specific situation. Before making an investment or paying taxes, speak with a knowledgeable financial or tax expert. This article is only meant to be instructive.
Infosys Share Price Today: Capital Gains Tax Explained Simply
Reliance Industries Result: Tax Strategies to Consider After Q1 FY26 Earnings
Income Tax Refund Above 50 000 – Know the Rules Before You Spend!