Shanti Gold International IPO Sees Robust Demand, Subscribed 4.93 Times on Day Two

Shanti Gold International's IPO received significant interest from investors, with 4.93 times subscription by the second day. The company raised Rs 108 crore from anchor investors for its Rs 360-crore IPO. The funds will be allocated to setting up a facility, working capital, debt repayment, and general corporate purposes.

Shanti Gold International Ltd's initial public offering (IPO) garnered significant attention, achieving 4.93 times subscription on its second day of bidding.

According to data from the National Stock Exchange, the IPO received bids for 6,24,11,100 shares against the 1,26,67,200 shares on offer.

The IPO aims to raise funds for a new Jaipur facility, working capital needs, debt repayment, and other corporate purposes.