Mumbai, July 30 -- The initial public offer (IPO) of Shanti Gold International received bids for 1,02,81,98,775 shares as against 1,26,67,200 shares on offer. The issue was subscribed 81.17 times.

The Non-Institutional Investors (NIIs) category was subscribed 151.48 times. The Qualified Institutional Buyers (QIBs) category was subscribed 117.33 times. The Retail Individual Investors (RIIs) category was subscribed 30.37 times.

The issue opened for bidding on 25 July 2025 and it closed on 29 July 2025. The price band of the IPO is fixed between Rs 189 and 199 per share.

The IPO consisted of a fresh issue of 18,096,000 equity shares, aggregating up to Rs 360.11 crore. The objectives for the fresh issue included Rs 46.29 crore for funding ...