Shanti Gold International files for IPO to raise funds for expansion and debt repayment.

Shanti Gold International, a Mumbai-based gold jewelry manufacturer, has filed for an IPO to raise funds. The company plans to use the proceeds to expand its Jaipur facility, fund working capital, pay off debt, and for other corporate purposes. Shanti Gold saw a 4.71% increase in revenue to Rs 711.43 crore and a 35.57% rise in profit to Rs 26.87 crore in FY24. Choice Capital Advisors is managing the issue.

2 months ago
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