Shanti Gold International IPO opens for subscription with healthy GMP. Should you subscribe?

Shanti Gold International's Rs 360-crore IPO opened strongly, priced at Rs 189-199 per share, with expectations of a 20% listing gain. The Mumbai-based jewellery manufacturer, catering to major retailers like Joyalukkas, plans expansion into North India. Showing robust financial growth, revenue surged to Rs 1,106 crore in FY25, with net profit reaching Rs 55.8 crore.