Shanti Gold IPO subscription early momentum on retail demand: Check GMP, price band and other details

Shanti Gold’s Rs 360-cr IPO saw 43% subscription on Day 1, led by 74% retail interest; QIB demand was minimal.

GMP at Rs 40 signals 20% expected listing gains ahead of August 1 debut.

Strong presence in South India; expanding to North with new Jaipur plant; FY25 revenue at Rs 1,106 crore.

68% profit CAGR, 8.83% EBITDA margin, 44.85% RoE; IPO valued at 19x P/E vs 23x sector average.