Shanti Inorganics IPO
Shanti Inorganics IPO
Overview
Shanti Inorganics IPO is a book build issue of ₹47.24 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹47.24 crore. Shanti Inorganics IPO opens for subscription on Aug 31, 2026 and closes on Sep 2, 2026. The allotment for the Shanti Inorganics IPO is expected to be finalized on Sep 3, 2026. Shanti Inorganics IPO will list on the NSE SME with a tentative listing date fixed as Sep 7, 2026. Shanti Inorganics IPO is set issue price band at ₹79 to ₹83 per share. The lot size for an application is 1,600 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,65,600 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹3,98,400. Vivro Financial Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd.
Total Shares
56,91,200
Issue Size
₹47 Cr
Price Band
₹79 – ₹83
Lot Size
1600 shares
Min. Investment
₹1,32,800
Max. Investment
₹1,32,800
Open Date
31 Aug, 2026
Close Date
02 Sep, 2026
Allotment
03 Sep, 2026
Listing
07 Sep, 2026
Max. Investment
₹1,32,800
Announced
31 Aug, 2026
Opening Date
31 Aug, 2026
Closing Date
02 Sep, 2026
Basis of Allotment
03 Sep, 2026
Initiation of Refunds
04 Sep, 2026
Credit of Shares
04 Sep, 2026
Listing Date
07 Sep, 2026
Live GMP
Est. Listing: ₹114
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About Shanti Inorganics IPO
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 compan
Shanti Inorganics IPO Share Price
Issue Breakdown
Shareholding
Dilution: 49.2% increase in shares
Shanti Inorganics IPO Financial Health
Shanti Inorganics Ltd.'s revenue increased by 25% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2026 and March 31, 2025.
Shanti Inorganics IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 3200 | ₹2,65,600 |
| Individual investors (IND) (Max) | 2 | 3200 | ₹2,65,600 |
| S-HNI (Min) | 3 | 4800 | ₹3,98,400 |
| S-HNI (Max) | 7 | 11200 | ₹9,29,600 |
| B-HNI (Min) | 8 | 12800 | ₹10,62,400 |
(All values in CR)
Shanti Inorganics IPO Valuations
| Metric | Value |
|---|---|
| ROE | 5.05 |
| ROCE | 4.45 |
| Debt/Equity | 0.69 |
| RoNW | 5.05 |
| PAT Margin | 15.53 |
| EBITDA Margin | 25.16 |
| NAV | 43.91 |
| Price to Book Value | 1.89 |
(All values in CR)
Shanti Inorganics IPO Strength & Risk
Shanti Inorganics IPO Strength
- Diversified End-Use Industries: The company supplies inorganic chemicals to industries such as food and beverages, oil drilling and chemicals, reducing dependence on a single end-use sector.
- Export Presence: Its products are sold in international markets, providing geographical diversification and reducing reliance solely on domestic demand.
- Experienced Promoters: The promoters have considerable experience in inorganic chemical manufacturing and trading.
- Established Customer Relationships: The company has longstanding relationships with customers across multiple industries, supporting repeat business.
- Strategic Manufacturing Location: Its Gujarat-based facilities provide access to key raw materials and established supplier networks, supporting manufacturing and logistics efficiency.
- Strong Recent Financial Performance: Revenue and profitability have improved, with FY2026 revenue reaching about ₹72.93 crore and PAT around ₹10.22 crore.
Shanti Inorganics IPO Risk
- Customer Concentration: A significant portion of revenue comes from a limited number of customers, making the business vulnerable to the loss or reduction of orders from key clients.
- No Long-Term Customer Contracts: Most customers are served through purchase orders rather than long-term contractual arrangements, reducing revenue visibility.
- Raw-Material Price Volatility: Fluctuations in the prices of key raw materials can put pressure on margins, particularly if higher costs cannot be fully passed on to customers.
- High Debt Exposure: Borrowings have increased in connection with capacity expansion, which could place pressure on cash flows and debt-servicing ability if the new facility is delayed or underutilised.
Shanti Inorganics IPO GMP
Shanti Inorganics SME IPO last GMP is ₹31, last updated Aug 27th 2026 12:30 PM. With the upper price band of ₹83.00, Shanti Inorganics SME IPO's estimated listing price is ₹114 (cap price + today's GMP). The expected percentage gain/loss per share is 37.35%. >> Shanti Inorganics SME IPO Retail Subject to Sauda: ₹37700 During this period, the GMP ranged from a low of ₹25.00 to a high of ₹31.00.
Last updated 27 Aug, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 27 Aug, 2026 | 83 | ₹31 | - | ₹114 (37.35%) | 49600 | 27 Aug, 2026 |
| 26 Aug, 2026 | 83 | ₹31 | - | ₹114 (37.35%) | 49600 | 26 Aug, 2026 |
| 25 Aug, 2026 | 83 | ₹31▲ | - | ₹114 (37.35%) | 49600 | 25 Aug, 2026 |
| 24 Aug, 2026 | 83 | ₹25 | - | ₹108 (30.12%) | 40000 | 24 Aug, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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