Shanti Gold International IPO Allotment Status: A Step-by-Step Guide
The initial public offering (IPO) of Shanti Gold International Ltd. witnessed strong demand across investor categories during the three-day subscription period from July 25 to July 29. The mainboard IPO was booked 81.17 times on Tuesday. The allotment process for the Shanti Gold International is expected to be finalised today, on Wednesday, July 30.
According to the NSE data, the IPO received bids for over 102.81 crore shares, exceeding the 1.26 crore shares on offer. Non-institutional investors led the demand by subscribing the issue over 151 times. Qualified Institutional Buyers subscribed their quota 117.33 times, whereas retail investors booked the issue 30.37 times.
Investors who applied for the IPO shares can check their allotment status on the official websites of the NSE, BSE, or the issue registrar, Bigshare Services Pvt. Ltd.
How to Check Your Shanti Gold International IPO Allotment Status
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.
What to Expect After Allotment
After finalisation of the share allotment status, the company will initiate the refunds and transfer of shares to the Demat accounts on July 31.
Shanti Gold International shares will be listed on both BSE and NSE, with a tentative listing date fixed as Wednesday, 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. The latest GMP indicates a potential premium of 19.10% over the IPO price.
Note: GMP is not an official source of data and is based on speculation.
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.