Shanti Gold International IPO Allotment Status: What You Need to Know
Shanti Gold International Ltd. recently concluded its initial public offering (IPO) with strong demand across investor categories. The three-day subscription period, which closed on July 29, saw the IPO receive bids for over 102.81 crore shares, exceeding the 1.26 crore shares on offer.
The allotment process for the Shanti Gold International IPO is expected to be finalised on July 30, and investors can check their allotment status on the official websites of the NSE, BSE, or the issue registrar, Bigshare Services Pvt. Ltd.
How to Check Shanti Gold International IPO Allotment Status
Here are the step-by-step procedures to check your allotment status on the NSE, BSE, and Bigshare Services websites:
- Visit the NSE IPO allotment page here.
- Select ‘Equity & SME IPO bid details’.
- From the issue symbol dropdown, choose ‘SHANTIGOLD’.
- Enter your PAN and Application Number.
- Click ‘Submit’ to view your allotment status.
- Visit the BSE IPO allotment page here.
- Select ‘Equity’ as the issue type.
- Choose ‘Shanti Gold International Ltd’ from the dropdown menu.
- Enter your Application Number or PAN.
- Enter the captcha code as displayed.
- Click ‘Search’ to view your allotment status.
- Visit the IPO allotment page on the official website of Bigshare Services here.
- Choose any of the servers from the three options.
- Select ‘Shanti Gold International Ltd.’ from the dropdown menu.
- Enter your PAN, Application Number, or DP/Client ID.
- Click on ‘Search’ to view your allotment status.
Shanti Gold International IPO Listing Date and GMP
The company will initiate the refunds and transfer of shares to the Demat accounts on July 31, and the shares will be listed on both BSE and NSE with a tentative listing date fixed as July 30. According to Investorgain, the Grey Market Premium (GMP) for Shanti Gold International IPO stood at Rs 38 at 6:00 a.m. on July 30. Based on the upper end of the price band, shares of the company are expected to be listed at Rs 237 (Rs 199 + Rs 38) apiece, indicating a potential premium of 19.10% over the IPO price.
Note: GMP is not an official source of data and is based on speculation.
Use of Proceeds
Shanti Gold International plans to use the net proceeds from its IPO to set up a new facility in Jaipur, meet working capital needs, and repay certain borrowings. A portion of the funds will also be allocated for general corporate purposes.
About Shanti Gold International Ltd.
Founded in 2003, Shanti Gold International Ltd. is a gold jewellery manufacturer specialising in 22kt CZ casting pieces. Its product range includes bangles, rings, necklaces, and sets, catering to both everyday use and special occasions. The company operates an in-house facility for design, production, and packaging.
Disclaimer
Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.