Shanti Gold International made a strong debut on August 1, listing at ₹227.55, a 14.35% premium over its IPO price of ₹199. It closed the day at ₹229.38 on NSE, ending with a 15.27% gain, despite overall weak market conditions. The stock saw heavy volumes, with 2.3 crore shares traded on NSE and 27.9 lakh shares on BSE. The Mumbai-based company, known for its 22kt CZ casting gold jewellery, achieved a market cap of ₹1,652 crore on Day 1. The IPO raised over ₹360 crore via a complete fresh issue of 1.8 crore shares, with funds allocated for expanding operations — ₹46.3 crore for a new Jaipur facility, ₹200 crore for working capital, ₹17 crore to repay debt, and the rest for general corporate use. 📌 Quick Take: Strong listing despite market volatility shows investor confidence in Shanti Gold’s business model and future growth plans.

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