SHANTI INORGANICS...● IPO DETAIL◆ GMP+₹40◆ STATUSListed◆ IPOCloudTrack Every IPO◆ SHANTI INORGANICS...● IPO DETAIL◆ GMP+₹40◆ STATUSListed◆ IPOCloudTrack Every IPO◆
Live GMP
Back to IPOs
Shanti Inorganics Ltd

Shanti Inorganics Ltd

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹83
₹83
GMP (Grey Market)
+₹40
+48.19%
Est. Listing Price
₹123
Based on GMP
Min. Investment
₹132,800
1 lot × 1600 shares
Subscribed
142.17x
Over-subscribed
IPO Details
Open Date
31 Aug 2026
Close Date
02 Sep 2026
Allotment
03 Sep 2026
Listing Date
07 Sep 2026
Exchange
NSE SME
Price Band
₹83
Listing Price
See chart
Allotment Status
Price Band
₹83
Per share
Face Value
₹10 per share
 
Lot Size
1,600 Shares
per lot
Issue Size
56,91,200 shares (agg. up to ₹47 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹132,800
1 lot
Pre-IPO Holding
1,15,56,200 shares
Promoters
Post-IPO Holding
1,72,47,400 shares
Promoters
P/E (Pre)
9.39x
 
P/E (Post)
9.54x
 
EPS (Pre)
₹8.84
 
EPS (Post)
₹8.70
 
UPI Deadline
5:00 PM on 02 Sep 2026
Mandate
GMP
+₹40
+48.19% est.
Anchor AllotmentSun, 30 Aug 2026
Basis of AllotmentThu, 03 Sep 2026
Refund InitiationFri, 04 Sep 2026
Demat CreditFri, 04 Sep 2026
Listing DayMon, 07 Sep 2026
UPI Mandate Deadline5:00 PM on 02 Sep 2026
Sale TypeFresh capital only
Net Offer to Public54,06,400 shares (agg. up to ₹45 Cr)
Market Maker Quota2,84,800 shares (agg. up to ₹2 Cr)
Fresh Issue Shares54,06,400 shares (agg. up to ₹45 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Shanti Inorganics Ltd IPO subscribed 142.17 times overall. Retail: 125.72x. QIB: 130.97x. NII: 195.53x. By 02 Sep 2026.
QIB
130.97x
Over
NII/HNI
195.53x
Over
Retail
125.72x
Over
Total
142.17x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
284,800
— ₹2.36
QIB
Over 130.97x
1,081,600
— ₹8.98
NII / HNI
Over 195.53x
811,200
— ₹6.73
Retail
Over 125.72x
1,894,400
— ₹15.72
Total 142.17x
3,787,200
100% ₹31.43
IPO Shares Offered
Shanti Inorganics Ltd IPO total issue size: ₹31.43 Cr. Retail: ₹15.72 Cr. QIB: ₹8.98 Cr. NII: ₹6.73 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 1,081,600 ₹8.98
28.56%
Market Maker 284,800 ₹2.36
7.52%
NII 811,200 ₹6.73
21.42%
Retail 1,894,400 ₹15.72
50.02%
Total 3,787,200 ₹31.43
100.00%
* Based on upper price band ₹83 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) — — — — — 811,200 1,894,400 2,705,600
Allotment price (₹) 83 83 83 83 83 83 83 83
No. of applications — — — — — — — —
No. of shares applied — — — — — — — —
Amount collected (₹Cr) — — — — — — ₹15.72 ₹15.72
Times subscribed 130.97x — — — — 195.53x 125.72x 142.17x
Shares allotted — — — — — 811,200 1,894,400 2,705,600
No. of allottees — — — — — — — —
* Upper price band ₹83 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
1,600
Shares per Lot
Issue Price
₹83.00
Upper Band
Min Investment
₹132,800
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)23,200₹265,600
Retail (Max — 13 Lots)1320,800₹1,726,400
S-HNI (Min — 14 Lots)1422,400₹1,859,200
B-HNI (Min — 68 Lots)68108,800₹9,030,400
* Issue Price ₹83 × Lot Size 1,600 shares
IPO Schedule
Anchor
30 Aug 2026
✓ Done
IPO Open
31 Aug 2026
✓ Done
IPO Close
02 Sep 2026
✓ Done
Allotment
03 Sep 2026
✓ Done
Refunds
04 Sep 2026
✓ Done
Demat Credit
04 Sep 2026
✓ Done
Listing Day
07 Sep 2026
✓ Done
Shanti Inorganics Ltd — Live Price LIVE
₹83.00
INR · NSE
Fetching…
vs Issue Price
—
OPEN
—
HIGH
—
LOW
—
MKT CAP
—
P/E
—
52W HIGH
—
52W LOW
—
VOLUME
—
DIVIDEND
—
DIV YIELD
—
Loading…
Chart Not Available
Try again 2–3 days after listing.
Issue ₹83.00 GMP: +₹40 Live Price
About Shanti Inorganics Ltd
Incorporated in January 2010, Shanti Inorganics Ltd. manufactures and trades sulfur-based inorganic chemicals. Its main products include sodium metabisulphite, sodium sulfite powder, ammonium bisulfite solution, and sodium bisulfite powder/solution.These products are mainly used as preservatives, reducing agents, oxygen scavengers, and process intermediates across industries such as oil drilling, pharmaceuticals, food and beverages, pulp and paper, and water treatment.The company operates two manufacturing facilities in Gujarat: one at GIDC, Vatva, Ahmedabad, and the other at Sankalp Industrial Estate, Chiyada, Bavla, Ahmedabad.The company sells its products in both domestic and international markets. In the domestic market, it served 29 customers during the two-month period ended May 31, 2026, compared with 64 customers in Fiscal 2026, 48 in Fiscal 2025, and 46 in Fiscal 2024. In international markets, it served 8 customers during the two-month period ended May 31, 2026, compared with 20 customers in Fiscal 2026 and 21 customers each in Fiscal 2025 and Fiscal 2024.The company exports its products to several countries, including the United Arab Emirates, Malaysia, Qatar, Nigeria, Russia, Colombia, Turkey, Vietnam, Egypt, Ghana, the Philippines, and others.As of May 31, 2026, the company had 66 employees across various departments.Key StrengthsGrowing 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.
Objects of the Issue
1
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;
2
General Corporate Purposes
Shanti Inorganics Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹58.5
31 Mar 2025
₹72.9
31 Mar 2026
₹16.1
31 May 2026
Profit After Tax (PAT)
₹8.0
31 Mar 2025
₹10.2
31 Mar 2026
₹2.5
31 May 2026
Particulars31 May 202631 Mar 202631 Mar 2025
Revenue from Operations 16.10 72.93 58.46
EBITDA 4.02 15.40 12.06
Profit After Tax (PAT) 2.50 10.22 7.99
Net Worth 50.74 48.24 25.60
Total Assets 110.73 97.04 66.04
Reserves & Surplus 39.18 36.68 24.96
Borrowings N/A N/A 25.38
EBITDA Margin (%) 25.16 — —
PAT Margin (%) 15.53 — —
P/BV Ratio
1.89
RoE
5.05
RoCE
4.45
RoNW
5.05
PAT Margin
15.53
EBITDA Margin
25.16
Debt/Equity
0.69
Issue Structure & Shareholding
Total Shares Offered37,87,200
Net Offer to Public54,06,400 shares (agg. up to ₹45 Cr)
Reserved for Market Maker2,84,800 shares (agg. up to ₹2 Cr)
Pre-Issue Promoter Holding1,15,56,200 shares
Post-Issue Promoter Holding1,72,47,400 shares
P/BV Ratio1.89
RoE5.05
RoCE4.45
Debt / Equity0.69
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Vivro Financial Services Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Shanti Inorganics Ltd IPO subscribed? ▲

Shanti Inorganics Ltd IPO is subscribed 142.17 times by Sep 02, 2026. Retail: 125.72x. QIB: 130.97x. NII: 195.53x.

Investor CategorySubscription
Qualified Institutional (QIB)130.97x
Non Institutional (NII/HNI)195.53x
Retail Individual125.72x
Total Subscription142.17x
What is Shanti Inorganics Ltd IPO retail subscription status? ▼

The Shanti Inorganics Ltd IPO retail category is subscribed 125.72 times as of 02 Sep 2026. The retail portion is oversubscribed.

How to subscribe Shanti Inorganics Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 31 Aug 2026 and closes 02 Sep 2026. Min investment: ₹132,800 (1 lot = 1,600 shares). UPI mandate: 5:00 PM on 02 Sep 2026.

How many times Shanti Inorganics Ltd IPO subscribed? ▼

The Shanti Inorganics Ltd IPO subscribed 142.17x overall. QIB: 130.97x, NII: 195.53x, Retail: 125.72x. Applications: from NSE/BSE.

How to check Shanti Inorganics Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 03 Sep 2026. Refunds: on 04 Sep 2026.

When Shanti Inorganics Ltd IPO will be listed? ▼

The Shanti Inorganics Ltd IPO listing date is 07 Sep 2026, Monday. Listed on: NSE SME. Issue price: ₹83. Estimated listing: ₹123. GMP: +₹40.

When Shanti Inorganics Ltd IPO close? ▼

The Shanti Inorganics Ltd IPO closes on 02 Sep 2026, Wednesday. UPI mandate: 5:00 PM on 02 Sep 2026. Allotment: 03 Sep 2026. Listing: 07 Sep 2026.