Shanti Gold International has received Securities and Exchange Board of India’s (SEBI) go-ahead to raise funds through initial public offering (IPO). The IPO is entirely a fresh issue of 1.8 crore equity shares.
Proceeds from the fresh issue to the extent of Rs 45.83 crore will be used for setting up of the Jaipur facility; Rs 190 crore will be allocated for funding the company's incremental working capital requirements; Rs 20 crore will be utilised for payment of debt and a portion will be used for general corporate purposes. Choice Capital Advisors is the sole book-running lead manager to the issue.
Shanti Gold International specialises in the design and production of various types of gold jewellery. With a team of 80 professionals utilising computer-aided design (CAD) technology, the company develops over 400 designs per month on a regular basis.
| Company Name | CMP |
|---|---|
| Titan Company | 4943.00 |
| Kalyan Jewell.India | 610.00 |
| Thangamayil Jeweller | 5273.60 |
| Rajesh Exports | 82.94 |
| Senco Gold | 388.70 |
| View more.. | |
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