Shanti Gold IPO Listing vs Issue Price: Shanti Gold International shares debuted on Dalal Street at a premium on Friday, August 1. The stock — traded with the symbol SHANTIGOLD on exchanges — started its secondary market journey at Rs 229.1 apiece on BSE and at Rs 227.6 apiece on NSE. That marked premiums of 15.1 per cent and 14.4 per cent, respectively.
The stock rose shortly after the listing. At 10:07 am, the SHANTIGOLD scrip was changing hands at Rs 236 and Rs 235.7 apiece on BSE and NSE, respectively.
That marked premiums of 18.6 per cent and 18.4 per cent over the issue price, respectively.
Mumbai-headquartered Shanti Gold International is a manufacturer of gold jewellery.
Shanti Gold International listing in line with market guru Anil Singhvi’s expectations
The listing was in line with Zee Business Managing Editor Anil Singhvi’s prediction.
The market wizard had expected the SHANTIGOLD stock to debt in the range of Rs 225-235–translating to a premium of 13-18 per cent over the issue price of Rs 199.
Singhvi had advised applying for the IPO for listing gains.
SHANTIGOLD lists on BSE and NSE | What should investors do now? Anil Singhvi answers
The market wizard suggests short-term investors keep a stop loss below Rs 215.
They can continue to hold on to their positions with a trailing stop loss, according to Singhvi.
Shanti Gold IPO
Shanti Gold’s IPO, to raise Rs 360 crore, was open for subscription from July 25 to July 29, concluding with an overall subscription of 80.8 times the equity on offer with strong participation across investor categories.
| Investor Category | Subscription (No. of times equity on offer) |
| QIBs | 117.3 |
| NIIs | 151.2 |
| Retail | 29.7 |
| Total | 80.8 |
The IPO received bids for 102.3 crore shares against the 1.27 crore shares on offer, according to provisional exchange data.
The Shanti Gold offer was available for bidding at Rs 199 per equity share in multiples of 75 units.
