Shanti Gold International IPO has received a lot of attention from investors and now applicants are eager to know the allotment status. This article provides detailed information on the allotment process, important dates and what investors should expect next.
- IPO Issue Size: ₹360.11 crore
- Price Band: ₹189 to ₹199 per share
- Lot Size: 75 shares
- IPO Opened: July 25, 2025
- IPO Closed: July 29, 2025
- Basis of Allotment: July 30, 2025
- Refund Initiation and Demat Credit: July 31, 2025
- Listing Date: August 1, 2025
- Oversubscription: 33.58 times overall
- Anchor Investor Allocation: ₹108 crore (54.29 lakh shares)
Overview of Shanti Gold International IPO
Shanti Gold International Limited Company has issued a fresh issue of 1.81 crore equity shares, aiming to raise approximately ₹360.11 crore. The IPO was priced between ₹189 to ₹199 per share, with a lot size of 75 shares, i.e. the minimum investment was ₹14,925. The IPO opened for subscription on July 25, 2025 and closed on July 29, 2025. These shares are expected to be listed on both NSE and BSE on August 1, 2025. Bigshare Services Private Limited acted as the registrar for the IPO and Choice Capital Advisors was the lead manager.
Shanti Gold International IPO Allotment Timeline and Status
The basis of Shanti Gold International IPO allotment was finalized on July 30, 2025. the refunds were initiated on July 31, 2025, and shares were also credited to investors’ demat accounts on the same day. Investors can check the Shanti Gold IPO allotment status through the Bigshare Services IPO portal or the official NSE/BSE websites by using their PAN number, application number, or DP/client ID.
Shanti Gold IPO Subscription Performance
The IPO was met with strong investor interest. On the first day, July 25, the issue was subscribed 1.16 times overall. Retail investors led the way with a 1.84 times subscription, non-institutional investors subscribed 1.09 times, while Qualified Institutional Buyers (QIBs) showed limited interest at 0.01 times.
By the second day, July 28, the total subscription increased to nearly 4.93 times. Retail subscription rose to 6.61 times, NIIs to 7.53 times, and QIBs marginally improved to 0.05 times.
On the final day, July 29, investor demand surged. The IPO was oversubscribed by 33.58 times overall. Retail investors subscribed 20.26 times, NIIs an impressive 94.08 times, and QIBs 11.51 times. This strong demand demonstrated high confidence in the company’s prospects.
Shanti Gold International IPO Anchor Investor Allocation
Before the IPO opened to the public, Shanti Gold International allotted 54.29 lakh equity shares to anchor investors at ₹199 per share. This portion amounted to around ₹108 crore. Several prominent institutional investors participated in the anchor book, including Societe Generale, Wealthwave Capital Fund, and Rajasthan Global Securities.
How to Check Shanti Gold International IPO Allotment Status
To check whether shares have been allotted, investors should follow these steps:
1. Check on the Registrar’s Website – Bigshare Services
Shanti Gold International’s IPO allotment is handled by Bigshare Services Pvt Ltd, the official registrar.
Steps to check:
- Go to the Bigshare Services IPO allotment page.
- From the list of IPOs, select Shanti Gold International Ltd.
- Now you can check your status using one of these:
- Your PAN number
- Application number
- Or DP/Client ID
- Enter the details and click on the Submit or Search button.
- You will see whether you have been allotted any shares.
2. Check Through BSE (Bombay Stock Exchange)
You can also check allotment through the BSE’s official website.
- Visit the BSE IPO allotment status page.
- Choose Equity under “Issue Type”.
- Select Shanti Gold International Ltd in the “Issue Name”.
- Enter your PAN number and application number.
- Complete the captcha and click Search.
3. Using IPO Watch or Similar Websites
- Visit IPOWatch’s page for Shanti Gold IPO allotment status.
- They’ll provide a direct link to the registrar’s site.
- Follow the same steps mentioned above to check your status.
4. Through Your Stock Broker
Many stock brokers like Zerodha, Groww, Upstox, Angel One, etc. send you SMS or email updates to inform you about the availability of shares.
You can also:
- Log in to your broker’s app or website.
- Go to the IPO section.
- Check the allotment status there if it’s available.
What Happens After Allotment?
For those who received allotment:
- Check your demat account for credited shares after July 31.
- Decide whether to hold for long-term gains or consider selling on the listing day based on the opening price.
- Monitor stock performance after listing on August 1, 2025.
For those who didn’t receive allotment:
- Refunds will be credited automatically to your bank account or UPI-linked wallet.
- Investors can look into upcoming IPOs for other investment opportunities.
Allotment Calculation in Oversubscription
In cases of oversubscription, allotment is done proportionally within each investor category. For retail investors, if demand exceeds supply significantly, only a portion of applicants receive full allotment while others may receive none or a smaller allocation. In this IPO, retail investors who applied for the minimum lot may or may not have received shares due to the 20+ times oversubscription in their category.
High oversubscription in the non-institutional category suggests a large number of high-net-worth individuals participated with larger applications, but allotment would still be subject to proportionate basis rules.
Post-Allotment Listing Expectations
Shanti Gold International is scheduled to list its shares on August 1, 2025. The listing price may vary from the issue price, depending on market conditions and investor sentiment. Early indicators such as grey market premium suggested a positive outlook, but actual listing day performance will reflect real market dynamics.
Investors should keep an eye on trading volumes and price movement during the initial days post-listing. Those allotted shares might book partial profits or hold based on their investment strategy and the company’s financial performance in the coming quarters.
Final Thoughts
Shanti Gold International’s IPO turned out to be a huge success in terms of subscription and investor response. With strong interest from the retail and institutional sectors, the IPO was highly subscribed, reflecting the market’s growing confidence in the brand and its future.
Now that the allotment is complete, investors should check their status and be prepared for listing day. Allotment or not, this IPO highlights the importance of timely participation and the growing demand for quality offerings in the Indian equity market.
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