Shanti Inorganics IPO 2026: Price Band, Dates, Lot Size & Key Details

Reviewed by BuyUnlistedShares Research Desk.

Shanti Inorganics Limited, a manufacturer and trader of sulphur-based inorganic chemicals, is launching its initial public offering (IPO) on the NSE SME platform. The IPO gives investors a window to bid for shares before the company lists. Below is a complete, easy-to-read breakdown of the price band, key dates, lot size, issue structure, and business snapshot of the Shanti Inorganics IPO 2026.

Shanti Inorganics IPO: Key Details at a Glance

Price Band and Lot Size Explained

The price band for the Shanti Inorganics IPO has been fixed at ₹79 (lower end) to ₹83 (upper end) per equity share, with a face value of ₹10 each. The applicable lot size is 1,600 equity shares, and retail investors are required to apply for a minimum of 2 lots (3,200 shares). Key points to note:

• Minimum lot: 3,200 shares → ₹2,52,800 (lower band) to ₹2,65,600 (upper band)

• HNI minimum: 3 lots (4,800 shares) → ₹3,98,400 at upper band

• Retail investor quota: 35% of the net issue

• QIB quota: 50% of the net issue

• HNI / Non-Institutional quota: 15% of the net issue

• Application modes: ASBA (through net banking) or UPI (through brokers)

• SME caution: This is an SME issue with a relatively high minimum ticket size; SME shares often trade in lower volumes after listing compared with mainboard stocks

IPO Structure and Objects of the Issue

The Shanti Inorganics IPO is a book-built SME issue aggregating up to approximately ₹47.24 crore. As per available offer document disclosures, the proceeds are proposed to be used broadly for capital expenditure related to expanding manufacturing capacity, funding working capital requirements, and general corporate purposes. As figures around the exact object-wise allocation and total issue value have varied slightly across published sources, interested applicants should verify the final break-up directly in the company's Red Herring Prospectus (RHP).

Financial Performance

As per available offer document disclosures, Shanti Inorganics' revenue and profitability showed the following year-on-year trend:

• Revenue: Grew from ₹58.46 crore in FY25 to ₹72.93 crore in FY26

• Net Profit (PAT): Grew from ₹8.00 crore in FY25 to ₹10.22 crore in FY26

• Borrowings trend: Total borrowings had increased in recent years relative to net worth, a factor worth reviewing in the RHP before making any decisions

How to Apply for the Shanti Inorganics IPO

• Step 1: Log in to your broker's trading app or your bank's net banking/ASBA facility

• Step 2: Search for 'Shanti Inorganics Limited' in the IPO section

• Step 3: Select the number of lots (minimum 2 lots for retail investors) within the price band

• Step 4: Enter your UPI ID (for UPI applications) or authorise via ASBA

• Step 5: Approve the mandate request in your UPI app to block the application amount

• Step 6: Track allotment status on the registrar's website using PAN, application number, or DP/Client ID

Points Investors Should Note

• SME listing: This is an SME IPO listing on the NSE SME platform, which typically carries different liquidity and trading characteristics compared to mainboard listings

• High minimum ticket size: The minimum application requires over ₹2.65 lakh for one retail application (2 lots)

• Commodity chemical exposure: Bisulphites and related sulphur-based chemicals are commodity products, and margins can be sensitive to raw material price movements

• Leverage trend: The company's borrowings have grown in recent years; reviewing the debt-to-equity trend in the RHP is advisable

• Read the RHP: Interested applicants are encouraged to go through the company's Red Herring Prospectus (RHP) for complete and updated details before making any decisions

Frequently Asked Questions (FAQs)

1. When does the Shanti Inorganics IPO open and close?

The IPO opens for subscription on August 31, 2026, and closes on September 2, 2026.

2. What is the price band of the Shanti Inorganics IPO?

The price band is fixed at ₹79 to ₹83 per equity share, with a face value of ₹10 per share.

3. What is the lot size for this IPO?

The lot size is 1,600 equity shares. Retail investors must apply for a minimum of 2 lots (3,200 shares).

4. What is the minimum investment amount required?

At the upper price band, the minimum retail investment is ₹2,65,600 for 2 lots (3,200 shares).

5. What is the total issue size of the IPO?

The total issue size is up to ₹47.24 crore.

6. On which exchange will Shanti Inorganics shares be listed?

The shares are proposed to be listed on the NSE SME platform, with a tentative listing date of September 7, 2026.

7. When will the IPO allotment be finalised?

The basis of allotment is tentatively scheduled to be finalised on September 3, 2026.

8. Who is the registrar for the Shanti Inorganics IPO?

KFin Technologies Limited is the registrar to the issue.

9. How can I apply for the IPO?

Applications can be made online through ASBA via net banking or through UPI-enabled broker platforms during the subscription window.

10. What does Shanti Inorganics Limited do?

The company manufactures and trades sulphur-based inorganic chemicals, including bisulphites, which are used across oil drilling, pharmaceuticals, food and beverages, pulp and paper, and water-treatment industries.

Disclaimer:

This is written for educational and informational purposes only. Nothing here constitutes investment advice or a recommendation to buy or sell securities. All data is sourced from publicly available information. Investments in securities markets are subject to market risks — please read all offer documents carefully before investing.