Mumbai : Shares of Shanti Gold International Limited debut on the exchange to closes at 15% premium.

The scrip listed Rs 229.10 per share on BSE, a premium of 15.13%, and Rs 227.55 per share on NSE, a premium of 14.35%. The company’s share price closed at Rs 229.20 per share on the BSE, a 15.18% premium, and at Rs 227.65 per share on the NSE, a 14.40% premium.

As per NSE, the total quantity traded stood at 229.99 lakh shares, on BSE the total Quantity stood at 27.92 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 596.01 crore.

The Market Capitalization of the Company at today’s closing price stood at Rs. 1,652.44 Crore as per BSE and Rs. 1,641.27 Crore as per NSE.

The company had offered Rs 360.11 crore issue for subscription from July 25 to July 29. This garnered substantial interest, and the offer was subscribed 81.17 times. Qualified Institutional Buyer Portion was subscribed 117.33 times. Non-Institutional Investors Portion and Retail Portion were subscribed 151.48 times and 30.37 times respectively. 

Shanti Gold International was founded as a partnership firm in 2003, by promoters, Pankajkumar H. Jagawat and Manojkumar N. Jain is a leading manufacturer of high-quality 22kt CZ casting gold jewellery, in terms of installed production capacity, specializing in the design and production of all types of gold jewellery (Source: CARE Report). The company offers a wide range of high-quality, intricately designed pieces, including bangles, rings, necklaces, and complete jewellery sets across various price points ranging from jewellery for special occasions, such as weddings to festive and daily-wear jewellery.

It has a fully integrated in-house manufacturing facility that spans over 13,448.86 square feet area in Andheri, Mumbai that is equipped to produce variety of jewellery with precision and efficiency. As on date, it has an installed manufacturing capacity of 2,700 kg per annum.

The company has a long-standing relationship with several jewellery businesses, including corporate jewellery brands (“Corporate Clients”), such as Joyalukkas India Limited, Lalithaa Jewellery Mart Limited, Alukkas Enterprises Private Limited, Vysyaraju Jewellers Private Limited and Shree Kalptaru Jewellers (I) Private Limited and numerous other esteemed clients. Its customer network spans 15 states and 2 union territories in India and has international presence in USA, UAE, Singapore and Qatar.