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Shanti Inorganics Ltd IPO

Listed SME NSE SME Bookbuilding IPO
Min Investment
₹2,65,600
1600 shares · 1 lot

Shanti Inorganics Ltd IPO was priced at ₹79–₹83 per share with an issue size of ₹47 crore. The IPO opened on Aug 31, 2026 and closed on Sep 02, 2026, with a lot size of 1,600 shares and a minimum investment of ₹2,65,600.

Open
31 Aug
Close
02 Sep
Allotment
03 Sep
Refund
04 Sep
Listing
07 Sep

Market Sentiment

Grey Market Premium

Full history →
+₹39.00 +47.0%
Est. listing: ₹122
Updated 05 Sep 2026
GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

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IPO Details

Price Band ₹79.00 - ₹83.00 per share
Lot Size1600 shares
Min Investment₹2,65,600
Total Issue Size ₹47.00 crore
Shares Offered56,91,200
Issue Structure Fresh Issue
Issue TypeBookbuilding IPO
Lead Manager(s)Vivro Financial Services Pvt.Ltd.
RegistrarKfin Technologies Ltd.
Listing AtNSE SME

Quick Profit Calculator

Issue price ₹83 · lot size 1600 shares · estimated listing price ₹122 (GMP +₹39)

Category Lots Shares Investment Value at listing Profit
Retail (Min) 1 1,600 ₹1,32,800 ₹1,95,200 +₹62,400
S-HNI (Min) 2 3,200 ₹2,65,600 ₹3,90,400 +₹1,24,800
S-HNI (UPI limit) 3 4,800 ₹3,98,400 ₹5,85,600 +₹1,87,200
S-HNI (Max) 7 11,200 ₹9,29,600 ₹13,66,400 +₹4,36,800
B-HNI (Min) 8 12,800 ₹10,62,400 ₹15,61,600 +₹4,99,200
Estimated from the grey market premium, an informal and unregulated figure that moves sharply and frequently differs from the eventual listing price. Not a forecast. Assumes full allotment, which is rarely guaranteed when an issue is oversubscribed.

Financial Analysis

EPS
₹8.84
P/E (Post)
9.54 x
RoNW
5.05%
RoCE
4.45%
Net Worth
₹50.74 Cr
MetricLatest Reported
Total Income₹16.1 Cr
Profit After Tax₹2.5 Cr
Net Worth₹50.74 Cr

Promoters & Holding

Promoters: Manojkumar Jayantilal Patel and Avnish Manojkumar Patel

Promoter Holding (Pre-Issue)83.65%

Strengths & Risks

Strengths

  • Growing international presence: The company sells its products in several overseas markets, reducing its dependence on the domestic market.
  • Diversified customer base: It has established relationships with customers across multiple industries, which helps reduce dependence on any single sector.
  • Strategic manufacturing locations: Its production facilities are located in Gujarat, providing access to raw materials and established supplier relationships.
  • Quality and safety standards: The company follows relevant quality and food safety standards and holds certifications supporting its manufacturing and product quality.

Risks & Concerns

  • Dependence on a limited number of customers for a significant portion of revenue.
  • Fluctuations in raw material prices may impact profitability.
  • Regulatory changes in the chemical industry could affect operations.
  • Competition from other manufacturers in the specialty chemicals sector.
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Company Information

Shanti Inorganics Ltd. manufactures and trades sulfur-based inorganic chemicals, including sodium metabisulphite and sodium bisulfite powder.

Founded2010
HeadquartersAhmedabad, Gujarat
IndustrySpecialty Chemicals
Websitehttps://shantiinorganics.com/

Objects of the Issue

  • 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

Registrar & Allotment

RegistrarKfin Technologies Ltd.
Phone040-79615565
Email[email protected]

Resources & Documents

Frequently Asked Questions

11 answers about Shanti Inorganics Ltd IPO — dates, pricing, allotment and listing.

Shanti Inorganics Ltd IPO is a bookbuilding ipo of ₹47 crore. The issue was priced at ₹79–₹83 per share, with a lot size of 1,600 shares. Bidding ran from Mon, 31 Aug 2026 to Wed, 02 Sep 2026, with shares listed on NSE SME.

The price band was ₹79–₹83 per share.

One lot was 1,600 shares. Bids had to be placed in multiples of 1,600.

A retail investor needed at least ₹2,65,600 – one lot of 1,600 shares at ₹83, the upper end of the price band.

Shanti Inorganics Ltd IPO opened on Mon, 31 Aug 2026 and closed on Wed, 02 Sep 2026.

Allotment was finalised on Thu, 03 Sep 2026.

Shanti Inorganics Ltd shares were listed on Mon, 07 Sep 2026 on NSE SME.

The company intended to use the net proceeds towards 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 and general corporate purposes.

Vivro Financial Services Pvt.Ltd. is the book running lead manager. Kfin Technologies Ltd is the registrar to the issue.

Category-wise demand from retail, NII and QIB bidders is on the Shanti Inorganics Ltd IPO subscription page, and on the BSE and NSE websites.

From Thu, 03 Sep 2026, check the Shanti Inorganics Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.