New Delhi, July 29 -- The initial public offering (IPO) of Shanti Gold International closed for subscription today, July 29, amid a stellar demand from all categories of investors and a steady trend in the grey market premium (GMP).

Shanti Gold International IPO had opened for subscription on July 25 in the price band of Rs.189 to Rs.199 per share. The Rs.360 crore IPO consisted entirely of fresh issue of 1.81 crore shares.

Investors could bid for Shanti Gold International IPO in lots of 75 shares, requiring a retail investor to shell out Rs.14,175 to subscribe to one lot of the issue.

The company plans to use the funds raised via the IPO for funding capital requirements for setting up a facility in Jaipur, meeting working capital need...