Shanti Inorganics IPO
GMP, Subscription, Price, Dates & Financial Details
Chemicals
Shanti Inorganics Ltd. is engaged in the manufacturing and trading of sulphur-based inorganic chemicals. The Company manufactures and supplies a range of specialty inorganic chemical products that are used across several industrial applications, including oil drilling, pharmaceuticals, food and…
Open Date
Mon, 31 Aug 2026
Close Date
Wed, 02 Sep 2026
Price Band
₹ 79 – 83
Lot Size
1600
Issue Size
₹ 41.50 Cr
Minimum Investment
₹ 265,600 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Shanti Inorganics IPO subscription has closed. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹41.50 Crore, comprising a fresh issue of 50.00 Lakh equity shares aggregating to ₹41.50 Crore.
The company had fixed the price band at ₹79 to ₹83 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹265,600 (based on the upper price band) to apply for one lot.
KFin Technologies Limited is the registrar to the issue. Vivro Financial Services Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
With the subscription period now closed, investors can expect the basis of allotment to be finalized on September 03, 2026. Successful applicants are likely to receive shares in their demat accounts before the tentative listing on NSE SME Platform on September 07, 2026.
Shanti Inorganics IPO Timeline (Tentative)
- IPO Open Date
- Mon, 31 Aug 26
- IPO Close Date
- Wed, 02 Sep 26
- Basis of Allotment
- Thu, 03 Sep 26
- Initiation of Refunds
- Fri, 04 Sep 26
- Credit of Shares to Demat
- Fri, 04 Sep 26
- Listing Date
- Mon, 07 Sep 26 — NSE
Open Date
31 August 2026
Close Date
02 September 2026
Basis Of Allotment
03 September 2026
Listing Date
07 September 2026
IPO Subscription
Check Live Subscription →The Shanti Inorganics IPO has received bids for 53,87,15,200 shares against 37,87,200 shares offered, resulting in an overall subscription of 142.25x. the NII category is subscribed 195.88x, Retail Investors 125.72x, and QIBs 130.97x. Within the NII category, BNII is subscribed 215.45x, while SNII is subscribed 156.4x.
QIB
130.97x
NII
195.88x
BNII
2.9x
SNII
0.89x
RII
125.72x
Total
142.25x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 18,94,400 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,81,600 shares (0%), while Non-Institutional Investors (NIIs) receive 8,11,200 shares (0%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 1,081,600 | 0% |
| Non-Institutional | 811,200 | 0% |
| BNII | 542,400 | 0% |
| SNII | 268,800 | 0% |
| Retail Investors | 1,894,400 | 0% |
| Total | 3,787,200 | 0% |
Financials Details(₹ in Crores)
| Particular | 31 May 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 110.73 | 97.04 | 66.04 | 52.69 |
| Revenue | 16.1 | 72.93 | 58.46 | 45.06 |
| Profit After Tax | 2.5 | 10.22 | 7.99 | 5.12 |
| Net Worth | 50.74 | 48.24 | 25.6 | 17.6 |
| Reserve & Surplus | 39.18 | 36.68 | 24.96 | 16.97 |
| Total Borrowings | 0 | 0 | 25.38 | 24.34 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Shanti Inorganics Limited KPI Information
| Particular | May 2026 | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|---|
| ROE % | 5.05 | 27.68 | 37.01 | 34 |
| ROCE % | 4.45 | 23.4 | 27.16 | 27.59 |
| Debt / Equity | 0.69 | 0.64 | 0.99 | 1.38 |
| RoNW % | 5.05 | 27.68 | 37.01 | 34 |
| Pat Margin % | 15.53 | 14.01 | 13.67 | 11.35 |
Peers Comparison
No Peer Comparision Available
About Shanti Inorganics Limited
Shanti Inorganics Ltd. is engaged in the manufacturing and trading of sulphur-based inorganic chemicals. The Company manufactures and supplies a range of specialty inorganic chemical products that are used across several industrial applications, including oil drilling, pharmaceuticals, food and beverages, pulp and paper, and water treatment.
Its product portfolio primarily comprises ammonium bisulphite solution, sodium bisulphite, sodium metabisulphite and sodium sulphite powder. These chemicals are used for their properties as preservatives, reducing agents, oxygen scavengers and process intermediates, making them important inputs across a variety of industrial processes.
Product Portfolio
The Company's key products include:
1. Sodium Metabisulphite
Sodium metabisulphite is a sulphur-based inorganic chemical used across several industrial applications. It is commonly used as a reducing agent, preservative and oxygen scavenger, and finds applications in industries such as water treatment, food processing, pharmaceuticals, pulp and paper and other chemical processes.
2. Sodium Sulphite Powder
Sodium sulphite powder is used as a reducing and oxygen-scavenging agent in various industrial processes. Its applications extend across sectors such as water treatment, pulp and paper, chemical processing and other industries requiring sulphite-based chemical solutions.
3. Ammonium Bisulphite Solution
Ammonium bisulphite solution is primarily used in industrial applications where sulphite-based reducing and oxygen-scavenging properties are required. The product is used particularly in oil and gas-related applications, including oil drilling and related industrial processes.
4. Sodium Bisulphite Powder/Solution
Sodium bisulphite is available in both powder and solution forms and is used as a reducing agent, preservative and oxygen scavenger. It finds applications across industries including water treatment, food and beverages, pharmaceuticals, pulp and paper and other industrial processes.
Key Applications
The Company's sulphur-based inorganic chemicals cater to a diversified range of end-use industries:
Oil Drilling: Sulphite-based chemicals are used in drilling and related processes, particularly for oxygen scavenging and chemical treatment applications.
Pharmaceuticals: Products are used as reducing agents, preservatives and process chemicals in pharmaceutical manufacturing.
Food & Beverages: Certain sulphite-based products are used as preservatives and for controlling oxidation in food and beverage processing, subject to applicable regulations and specified uses.
Pulp & Paper: Sulphite chemicals are used in various paper manufacturing and processing applications.
Water Treatment: Sodium bisulphite, sodium metabisulphite and related products are used for dechlorination, oxygen removal and other water-treatment processes.
Manufacturing Facilities
Shanti Inorganics Ltd. operates manufacturing facilities in Ahmedabad, Gujarat, comprising the following units:
Manufacturing Unit – I (Vatva Unit)
Plot No. 2015, Phase III,
GIDC, Vatva, Ahmedabad – 382445,
Gujarat, India.
Manufacturing Unit – II (Bavla Unit)
Plot No. 5/A & 5/B, Sankalp Industrial Estate,
Village Chiyada, Taluka Bavla,
Ahmedabad, Gujarat, India.
The Company's manufacturing infrastructure enables it to manufacture and supply its portfolio of sulphur-based inorganic chemicals to customers across multiple industrial segments.
Business Profile
Shanti Inorganics Ltd. operates within the specialty and industrial inorganic chemicals segment, with a focus on sulphur-based chemical products. Its diversified product portfolio serves industries with varied chemical requirements, reducing dependence on a single end-use market.
Through its manufacturing and trading activities, the Company provides products in different forms, including powders and solutions, to meet the technical and application-specific requirements of its customers.
Overall Business Overview
Shanti Inorganics Ltd. is a sulphur-based inorganic chemicals manufacturer and trader with a portfolio comprising sodium metabisulphite, sodium sulphite powder, ammonium bisulphite solution and sodium bisulphite powder/solution.
Its products serve as preservatives, reducing agents, oxygen scavengers and process intermediates across diverse industries such as oil drilling, pharmaceuticals, food and beverages, pulp and paper, and water treatment. With manufacturing facilities at Vatva and Bavla in Ahmedabad, Gujarat, the Company is positioned to cater to the requirements of customers across a broad range of industrial applications.
Shanti Inorganics IPO Promoters
- Manojkumar Jayantilal Patel
- Avnish Manojkumar Patel
Promoters Holding
Holding Pre Issue
83.65%
Holding Post Issue
0.00%
Shanti Inorganics IPO Objective
The Company Shanti Inorganics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Part funding the capital expenditure towards setting up a new facility for manufacturing of sodium meta bisulphite, sodium bisulphite powder and ammonium bisulphite situated at Bavla, Ahmedabad, Gujarat
- General Corporate Purposes
Shanti Inorganics Limited Address / Contact Details
Shanti Inorganics Ltd.
Plot No.-2015,
Phase III GIDC, Vatva
Ahmedabad, Gujarat, 382445
Phone: +91-97277 52562
Email: info@shantiinorganics.com
Website: https://shantiinorganics.com/
IPO Snapshot
Shanti Inorganics IPO Lot Size
The Shanti Inorganics IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,65,600 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,65,600.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 265,600.00 |
| Retail (Max) | 2 | 3,200 | 265,600.00 |
| S-HNI (Min) | 3 | 4,800 | 398,400.00 |
| S-HNI (Max) | 7 | 11,200 | 929,600.00 |
| B-HNI (Min) | 8 | 12,800 | 1,062,400.00 |
Issue Reservation
Book Running Lead Managers
- Vivro Financial Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Shanti Inorganics IPO?
Shanti Inorganics IPO is a Book-building IPO with a total issue size of ₹41.5 crore. The Shanti Inorganics IPO price band is ₹79 to 83 per share. The Shanti Inorganics IPO subscription opens on Mon, Aug 31, 2026, and closes on Wed, Sep 2, 2026. The Shanti Inorganics IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Shanti Inorganics IPO.
When will the Shanti Inorganics IPO open for subscription?
The Shanti Inorganics IPO opens on Mon, Aug 31, 2026 and closes on Wed, Sep 2, 2026
What is Shanti Inorganics IPO Price Band?
Shanti Inorganics IPO Price Band is ₹79 to 83 per share.
What is Shanti Inorganics IPO Lot Size?
Shanti Inorganics IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹265600 based on the upper price band
What is the minimum investment for Shanti Inorganics IPO?
The minimum investment for Shanti Inorganics IPO is ₹265600, based on one lot of 1600 shares at the upper price band of ₹83 per share.
How to apply for Shanti Inorganics IPO?
Investors can apply for the Shanti Inorganics IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 2, 2026. The application amount remains blocked until the Shanti Inorganics IPO allotment is finalized.
What is Shanti Inorganics IPO Issue Size?
Shanti Inorganics IPO issue size is ₹41.5 crores.
What is the Shanti Inorganics IPO Allotment Date?
Shanti Inorganics IPO allotment date is Thu, Sep 3, 2026.
Who is the Shanti Inorganics IPO Registrar?
The registrar for Shanti Inorganics IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Shanti Inorganics IPO allotment status, refund processing, and other IPO-related information.
What is the Shanti Inorganics IPO GMP?
The Shanti Inorganics IPO GMP (Grey Market Premium) is ₹13 as of Wed, Sep 2, 2026. Based on the upper price band of ₹83 per share, the estimated Shanti Inorganics IPO listing price is ₹96, indicating a potential listing gain of approximately 15.66% over the issue price.
Who is the Shanti Inorganics IPO Lead Manager?
The book-running lead managers (BRLMs) for the Shanti Inorganics IPO are Vivro Financial Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Shanti Inorganics IPO Red Herring Prospectus (RHP).