This article provides a detailed overview of the Shanti Gold International IPO’s Day 3 subscription status, including category-wise breakdowns, the surprising QIB activity, allotment chances, and the latest Grey Market Premium (GMP) momentum. We will also cover essential dates and basic IPO information.
Basic Information of Shanti Gold International IPO
The Shanti Gold International IPO opened on July 25th, with July 28th being the last day for applications. The company offered shares with a face value of ₹10, and the upper price band was ₹199 per equity share. To secure an allotment, applicants needed to select the upper price band. The minimum application lot size was 75 equity shares. The total issue size for this IPO was ₹360 crore, categorizing it as a small issue size IPO.
Subscription Performance Across Categories
Initial responses from HNI and Retail categories were positive on the first two days, but the Qualified Institutional Buyers (QIB) category saw a significant surge on Day 3.
QIB Category Sees Astonishing Subscription
The Qualified Institutional Buyers (QIB) category witnessed a sudden and sustained positive momentum, especially in the final hours, leading to surprisingly strong subscription figures. The QIB portion was subscribed an impressive 117 times. Against 3,61,000 equity shares offered, bids were received for 42,46,33,800 equity shares, amounting to approximately ₹8,450 crore. This record subscription from QIBs also influenced application numbers in HNI and Retail categories during the final hours.
HNI Category Shows Strong Interest
The Non-Institutional Investors (HNI) category demonstrated significant interest, with an overall subscription of approximately 151 times. Against 27,14,400 equity shares offered, bids were received for 41,02,00,000 equity shares, totaling around ₹8,164 crore.
For the Big HNI segment (applications above ₹10 lakh), the IPO was subscribed 173 times. This segment saw bids for 31,32,13,875 equity shares against 1,89,600 shares offered, totaling around ₹6,232 crore. This high subscription indicates that roughly 1 out of every 35 applications in this category might receive an allotment.
The Small HNI category (applications between ₹2 lakh and ₹10 lakh) was subscribed 107 times. Against 9,48,000 equity shares offered, bids were received for 9,70,80,000 equity shares, amounting to approximately ₹1,931 crore. For this segment, the allotment chance is approximately 1 in 100 applications.
Retail Investors Show Robust Participation
The Retail Investors category saw a subscription of 29.46 times. Against 63,33,600 equity shares offered, bids were received for 18,65,98,000 equity shares, totaling approximately ₹3,713 crore. Despite this, the allotment chance for retail investors is estimated at 1 in 23 applications, partly due to the high number of applications.
Overall, the IPO achieved a remarkable subscription figure of over 80 times, specifically 80.64 times, with approximately 23 lakh applications received. Bids were placed for 102,15,00,000 equity shares against 1,26,00,000 shares offered, generating over ₹2,000 crore.
Shanti Gold IPO Important Dates
For those who applied by July 29th, the allotment status updates are expected soon. Refunds for non-allotment will be processed by July 31st, which is also the date for shares to be credited to demat accounts. The Shanti Gold International IPO is scheduled to be listed on August 1st.
Anchor Investor Details
On July 24th, 54,28,800 equity shares were offered to anchor investors, with an allocation value of ₹108 crore. These anchor investors will have the opportunity to sell 50% of their shares on August 29th and the remaining 50% on October 28th. These dates are crucial for long-term investors tracking the company.
Promoter Holding Post-IPO
Prior to the IPO, promoter holding stood at 99.99%. Post-IPO, the promoters will retain a strong holding of 74.89% in the company, which indicates a robust commitment to the business.
Grey Market Premium (GMP) and Listing Expectations
After a brief dip, the Grey Market Premium (GMP) for Shanti Gold International IPO has reclaimed its momentum, trading at ₹38. This GMP suggests a potential listing price of ₹237 (₹199 IPO price + ₹38 GMP), indicating an approximate listing gain of 19%.
Conclusion
The high subscription across all categories, particularly from QIBs and HNIs, reflects strong investor confidence in the Shanti Gold International IPO. Investors are encouraged to monitor their allotment status closely. For real-time updates on IPOs and Grey Market Premium, you can join our Telegram group via the link often provided in comments or descriptions.
