Shanti Gold International Ltd, a manufacturer of gold jewellery, saw its initial public offer subscribed 4.93 times on the second bidding day, and the isse was booked 1.16 times on the opening day of bidding, which took place on Friday, July 25. On Thursday, the company announced it had garnered just over ₹108 crore from anchor investors.
The anchor investors receiving share allocations included Societe Generale, Wealthwave Capital Fund, Rajasthan Global Securities, Astorne Capital VCC Arven, J4S Venture Fund – I, Shine Star Build Cap Pvt Ltd, and Meru Investment Fund PCC-Cell 1, among others, as stated in a circular published on the BSE website.
Investors have the option to bid for a minimum of 75 equity shares and then in increments of 75 shares thereafter.The ₹360-crore initial public offering (IPO) for Shanti Gold is set to close on July 29.Shanti Gold International IPO price band has been established at ₹189-199 per share. The company