From fresh issue Rs. 45.83 crores of proceeds will be used for setting up the Jaipur facility; To fund the growing working capital requirements of the company, Rs. 190 crore will be allocated; Rs. 20 crore will be used for debt repayment and a portion will be used for general corporate purposes.
Mumbai-based Shanti Gold specializes in designing and manufacturing a wide variety of gold jewellery. With a team of 80 professionals using computer-aided design (CAD) technology, the company develops more than 400 designs per month on a regular basis.
As of now, the company has an installed production capacity of 2,700 kilograms per annum.
Shanti Golds income from operations in the previous financial year was Rs. 679.40 crore in FY24 by 4.71 percent to Rs. 711.43 crore while profit after tax a year ago was Rs. 19.81 crore in FY24 up 35.57 percent to Rs. 26.87 crores.
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Choice Capital Advisors is the sole book-running lead manager for the issue.
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