Shanti Gold IPO Subscription
Shanti Gold IPO Subscription: Shanti Gold International’s IPO witnessed robust investor interest on Day 2, being subscribed 2.25 times across categories. With strong grey market premium (GMP) trends and positive reviews, market experts suggest it’s gaining momentum among retail and HNI investors.
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IPO Picks Up Pace with Strong Response
Shanti Gold International’s ₹5.6 crore IPO is gaining momentum. On the second day, total bids exceeded the available shares by 2.25 times. The retail investor portion was fully booked, while high-net-worth individuals also contributed significantly.
Analysts say the growing interest reflects optimism around the company’s fundamentals and potential listing gains.
Grey Market Premium Signals Positive Sentiment
Currently, the grey market premium (GMP) is in the range of ₹10–₹12. This suggests a possible listing gain of 25–30% over the issue price of ₹81. Despite market fluctuations, GMP has remained stable, indicating steady investor confidence.
Moreover, the positive GMP often influences retail investors, especially in SME IPOs.
Company Profile and Future Plans
Shanti Gold International operates from Gujarat and specializes in gold and diamond jewellery. The company sells both wholesale and retail products. It plans to use the IPO funds to strengthen working capital and expand its business footprint.
Over the past two years, the company has reported consistent revenue growth. Its efficient operations and focus on quality give it a competitive edge in a fragmented market.
Expert Views: Should You Invest?
Many market experts see short-term potential in this IPO. While SME IPOs come with higher risk, Shanti Gold’s subscription trend and financials offer promising signals. Still, experts advise investors to evaluate their risk tolerance before making a decision.
If strong demand continues into Day 3, the IPO may see significant oversubscription, enhancing its listing prospects.
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Conclusion: A Promising Opportunity with Caution
The Shanti Gold IPO is drawing strong interest from various investor categories. With a solid GMP and oversubscription, it presents potential listing gains. However, like all SME offerings, it demands careful consideration due to inherent market volatility.
