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Shanti Gold International IPO Subscription Status

Shanti Gold International IPO was subscribed 80.78 times when bidding closed on 29 Jul 2025: QIB 117.33x, NII 151.17x, Retail 29.73x.

The Shanti Gold International IPO has been subscribed 80.78x times overall. Retail investors have shown interest with bids for 29.73x the shares available. The Non-Institutional Investor (NII) category has been subscribed 151.17x. Within NII, Big HNI (B-HNI) subscribed 173.08x and Small HNI (S-HNI) subscribed 107.35x. Qualified Institutional Buyers (QIBs) have subscribed 117.33x. Data last updated on 10 Nov, 01:05 AM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 25 Jul, 2025 and closes on 29 Jul, 2025. The shares are expected to list on stock exchanges on 01 Aug, 2025.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 10 Nov 2026, 01:05 AM
Category Bid details Times
QIB - of - - 117.33x
NII - of - - 151.17x
bHNI — bid amount above ₹10 Lakh
- - 173.08
sHNI — bid amount ₹2–10 Lakh
- - 107.35
Retail - of - - 29.73x
TOTAL - 23,59,389 applications - 80.78x
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Shanti Gold International IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹199.

Applications
23,59,389
Allottees
87,108
Overall odds
1 out of 27
Amount collected
₹20,541 Cr
Category Apps Got Odds
TOTAL 57.04x subscribed 23,59,389 87,108 1 out of 27

Shanti Gold International IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
1 out of 30
~3.4% chance per PAN — based on 29.73x subscription. Winners get exactly 1 lot (₹14,925) by SEBI lottery, however many lots you bid.
Small HNI (₹2–10 L)
1 out of 107
~0.9% chance — based on 107.35x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.
Big HNI (above ₹10 L)
1 out of 173
~0.6% chance — based on 173.08x subscription. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
117.33x
Proportionate allotment — at 117.33x, institutions receive ~0.9% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 30 applicants will be successful.

Institutional Backing

Massive institutional interest with QIBs subscribing 117.33x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date Total
29 Jul 2025
Day 3
80.78x ▼
QIB117.33x BHNI173.08x SHNI107.35x Retail29.73x
28 Jul 2025
Day 2
4.93x ▼
QIB0.05x BHNI6.52x SHNI9.54x Retail6.61x
25 Jul 2025
Day 1
1.16x ▼
QIB0.01x BHNI0.9x SHNI1.47x Retail1.84x

Shanti Gold International IPO dates

From the bidding window to listing. Today is 10 November.

Key dates Listed
  1. Open 25 Jul 2025
  2. Close 29 Jul 2025
  3. Allotment 30 Jul 2025
  4. Refund/credit 31 Jul 2025
  5. Listing 01 Aug 2025

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

Anchor Investor Amt (₹ cr.) % Allocated
SOCIETE GENERALE-ODI ₹10.00 Cr 9.26%
WEALTHWAVE CAPITAL FUND ₹10.00 Cr 9.26%
RAJASTHAN GLOBAL SECURITIES PVT.LTD. ₹10.00 Cr 9.26%
J4S VENTURE FUND ₹10.00 Cr 9.26%
SHINE STAR BUILD-CAP PVT.LTD. ₹10.00 Cr 9.26%
VIJIT GROWTH FUND ₹9.11 Cr 8.43%
MERU INVESTMENT FUND PCC-CELL 1 ₹8.92 Cr 8.25%
FOUNDERS COLLECTIVE FUND ₹5.00 Cr 4.63%
STEPTRADE REVOLUTION FUND ₹5.00 Cr 4.63%
SMART HORIZON OPPORTUNITY FUND ₹5.00 Cr 4.63%
SUNRISE INVESTMENT OPPORTUNITIES FUND ₹5.00 Cr 4.63%
ASTORNE CAPITAL VCC-ARVEN ₹5.00 Cr 4.63%
ABUNDANTIA CAPITAL VCC-ABUNDANTIA CAPITAL III ₹5.00 Cr 4.63%
SWYOM INDIA ALPHA FUND ₹5.00 Cr 4.63%
JALAN CHEMICAL INDUSTRIES PRIVATE LIMITED ₹5.00 Cr 4.63%
TOTAL ₹108.03 Cr 100.02%
View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Shanti Gold International IPO?

As of IPO close date (29 Jul, 2025), the Shanti Gold International IPO is subscribed 80.78x times. Retail category is 29.73x, and NII is 151.17x subscribed.

When is the allotment date for Shanti Gold International IPO?

The allotment for Shanti Gold International IPO is expected to be finalized on 30 July, 2025.

What is the GMP of Shanti Gold International?

The Grey Market Premium (GMP) for Shanti Gold International is currently ₹32, indicating a potential listing gain of 16%.

When will Shanti Gold International IPO list on the stock market?

Shanti Gold International is scheduled to list on BSE and NSE on 01 August, 2025.

What are the chances of getting allotment in Shanti Gold International IPO?

The retail category is oversubscribed at 29.73x, meaning allotment is by lottery. Statistically, approximately 1 in 30 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 117.33x mean for Shanti Gold International IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 117.33x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Shanti Gold International IPO allotment status?

After the allotment date (30 Jul, 2025), you can check your Shanti Gold International IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
80.78x
QIB
117.33x
NII
151.17x
bHNI
173.08x
sHNI
107.35x
Retail
29.73x
Full IPO details
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