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Shanti Gold CFO Shriram Iyengar also said the company has a better margin play in the bridal jewellery segment compared to studded jewellery.

The latest grey market premium for Shanti Gold International was Rs 34 per share, which indicated a listing gain of 17% over the IPO price, according to InvestorGain.

Shanti Gold International's shares opened at a 15% premium on their stock market debut. Despite positive listing, it fell slightly short of market expectations.

The 22kt CZ casting gold jewellery maker will spend ₹46.3 crore of IPO proceeds for setting up of the proposed Jaipur ...

Shares of Shanti Gold International were currently trading at Rs 233.50 at 10:15 IST on the BSE, representing a premium of 17.34% compared with the issue price of Rs 199.