New Delhi: Shares of gold jewelry manufacturer Shanti Gold International were listed on Friday at a premium of over 15% above the issue price of ₹199. On the BSE, the company’s stock opened at ₹229.10, reflecting a 15.12% increase over the issue price. On the NSE, it was listed at ₹227.55, a 14.34% premium.

The company’s market valuation stood at ₹1,679.84 crore. Shanti Gold International’s initial public offering (IPO) was subscribed 80.80 times on the final day of bidding last Tuesday. The company had set a price band of ₹189 to ₹199 per share for its ₹360 crore IPO.

The proceeds from the issue will be used to establish a unit in Jaipur, meet the company’s growing working capital requirements, repay debt, and for general corporate purposes. Mumbai-based Shanti Gold specializes in designing and manufacturing various types of gold jewelry.

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New Delhi

New Delhi, the capital of India, was officially inaugurated in 1931 as the new seat of the British colonial government, replacing Kolkata (Calcutta). Designed by British architects Edwin Lutyens and Herbert Baker, it features grand colonial-era landmarks like India Gate and Rashtrapati Bhavan (the Presidential Residence). Today, it serves as India’s political and cultural hub, blending historic architecture with modern urban life.

BSE

“BSE” most commonly refers to the **Bombay Stock Exchange**, the oldest stock exchange in Asia, established in 1875 in Mumbai, India. Originally known as “The Native Share & Stock Brokers’ Association,” it played a key role in India’s financial growth and became a symbol of the country’s economic development. Today, it is one of the world’s largest exchanges, known for its benchmark index, the **SENSEX**.

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NSE

“NSE” could refer to several things, but if you mean the **Nigerian Stock Exchange (NSE)**, now known as the **Nigerian Exchange Group (NGX Group)**, it is the leading securities exchange in Nigeria. Established in 1960, it facilitates trading in stocks, bonds, and other financial instruments, playing a key role in Nigeria’s economy. In 2021, it demutualized and rebranded to NGX Group to expand its market operations.

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Shanti Gold International

There is limited publicly available information about “Shanti Gold International,” and it does not appear to be a widely recognized cultural or historical site. If it refers to a business, organization, or local landmark, additional context would be needed to provide an accurate summary. Could you clarify its location or significance?

Jaipur

Jaipur, the capital of Rajasthan, India, is known as the “Pink City” for its distinctive terracotta-painted buildings. Founded in 1727 by Maharaja Sawai Jai Singh II, it is a planned city with grand palaces, forts, and vibrant bazaars, reflecting Rajput and Mughal architecture. Key landmarks include the Hawa Mahal, Amber Fort, and City Palace, showcasing its rich royal heritage.

Mumbai

Mumbai, formerly known as Bombay, is India’s bustling financial and entertainment capital, located on the west coast. Originally a group of fishing villages, it grew under Portuguese and later British colonial rule, becoming a major port and commercial hub. Today, it is famous for landmarks like the Gateway of India, Bollywood, and its vibrant mix of cultures, cuisines, and colonial-era architecture.