Shanti Inorganics IPO: dates, price band, lot size and GMP
Shanti Inorganics IPO listed on 7 Sep at ₹158 (NSE SME). Issue dates 31 Aug – 2 Sep 2026, price band ₹83, lot 1,600 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Shanti Inorganics listed on 7 Sep 2026 on NSE SME at ₹157.70, +₹74.70 (+90.0%) against the ₹83 upper band. Shanti Inorganics IPO listing date, price and gain · Recently listed IPOs
Updated 17 Oct 2026, 22:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 208 IPOs on its calendar; the Shanti Inorganics IPO has a price band of ₹83, a lot of 1,600 shares and no grey-market premium reported yet as of 17 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 31 Aug – 2 Sep 2026 |
| Price band | ₹83 |
| Lot size | 1,600 shares |
| Issue size | ₹47.24 Cr |
| Fresh issue | ₹44.87 Cr |
| Subscription | 142.17x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Vivro Financial Services Pvt.Ltd. |
| Status | Listed |
Timeline
- Issue opens: 31 Aug
- Issue closes: 2 Sep
- Allotment: 3 Sep
- Refunds: 4 Sep
- Demat credit: 4 Sep
- Listing: 7 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 130.97x |
| NII | 195.53x |
| sNII | 155.47x |
| bNII | 215.56x |
| Retail | 125.72x |
| Total | 142.17x |
Last updated 2 Sep 2026, 6:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE SME |
| Market cap at the upper band | ₹143.15 Cr |
| P/E (pre-issue) | 9.39x |
| P/E (post-issue) | 9.54x |
| Fresh issue (shares) | 54,06,400 |
| Total shares offered | 54,06,400 |
| Promoter holding pre-issue | 83.65% |
| Promoter holding post-issue | 56.05% |
| Promoters | Manojkumar Jayantilal Patel, Avnish Manojkumar Patel |
| Lead managers | Vivro Financial Services Pvt.Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | shanti.ipo@kfintech.com |
| Company website | shantiinorganics.com |
| Anchor bid date | 28 Aug 2026 |
| Anchor lock-in ends (50%) | 3 Oct 2026 |
| Anchor lock-in ends (remaining) | 2 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 2 | 3,200 | ₹2,65,600 |
| Retail (maximum) | 2 | 3,200 | ₹2,65,600 |
| sNII (minimum) | 3 | 4,800 | ₹2,65,600 |
| bNII (minimum) | 3 | 4,800 | ₹10,62,400 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 29.9% | 16,19,200 | |
| QIB | 20% | 10,81,600 | Not more than 50% of the Net Issue |
| NII (HNI) | 15% | 8,11,200 | Not less than 15% of the Net Issue |
| sNII | 5% | 2,70,400 | |
| bNII | 10% | 5,40,800 | |
| Retail | 35% | 18,94,400 | Not less than 35% of the Net Issue |
| Market Maker | 5.3% | 2,84,800 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 31 Aug | 0.23x | 1.61x | 0.88x | 2.39x | 1.75x | 1.26x |
| Day 2 · 1 Sep | 1.63x | 3.93x | 2.89x | 5.03x | 5.18x | 3.89x |
| Day 3 · 2 Sep | 130.97x | 223.19x | 155.47x | 335.41x | 125.72x | 142.17x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹8.84 |
|---|---|
| EPS (post-issue) | ₹8.7 |
| P/E (pre-issue) | 9.39x |
| P/E (post-issue) | 9.54x |
| RoNW | 27.68% |
| RoCE | 23.4% |
| RoE | 27.68% |
| PAT margin | 14.01% |
| EBITDA margin | 21.62% |
| Price / book | 1.99x |
| NAV per share | ₹41.74 |
| Debt / equity | 0.64 |
| Market cap (upper band) | ₹143.15 Cr |
Financials (₹ Cr)
| Metric | 31 May 2026 | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|---|
| Assets | 110.73 | 97.04 | 66.04 | 52.69 | +46.9% |
| Total Income | 16.1 | 72.93 | 58.46 | 45.06 | +24.8% |
| Profit After Tax | 2.5 | 10.22 | 7.99 | 5.12 | +27.9% |
| EBITDA | 4.02 | 15.4 | 12.06 | 8.72 | +27.7% |
| NET Worth | 50.74 | 48.24 | 25.6 | 17.6 | +88.4% |
| Reserves and Surplus | 39.18 | 36.68 | 24.96 | 16.97 | +47% |
| Total Borrowing | — | — | 25.38 | 24.34 | — |
About Shanti Inorganics
Shanti Inorganics Ltd. is engaged in the manufacturing and trading of sulphur-based inorganic chemicals. Its product portfolio includes sodium metabisulphite, sodium sulphite powder, ammonium bisulphite solution, and sodium bisulphite powder and solution. These products are 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, located at Vatva, Ahmedabad and Chiyada, Bavla, Ahmedabad.
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 — ₹42.5 Cr
- Issue Expenses — ₹4.74 Cr
Net proceeds: ₹47.24 Cr
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Shanti Inorganics IPO listing day: listed at ₹157.70 (+90.0% vs the upper band), 7 Sep 2026
- Shanti Inorganics IPO GMP today and trend
- Shanti Inorganics IPO subscription status, day by day
- Shanti Inorganics IPO allotment status and how to check
Frequently asked questions
When does the Shanti Inorganics IPO open and close?
The issue is scheduled for 31 Aug – 2 Sep 2026.
What is the Shanti Inorganics IPO price band?
The price band is ₹83 per share with a lot size of 1,600 shares.
How big is the Shanti Inorganics IPO?
The total issue size is ₹47.24 Cr.
When will Shanti Inorganics list?
The tentative listing date is 7 Sep on the SME platform.
How do I apply for the Shanti Inorganics IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Shanti Inorganics · as filed with SEBI · nsearchives.nseindia.com
- Red herring prospectus (RHP), Shanti Inorganics · as filed · nsearchives.nseindia.com
- Registrar allotment page, Kfin Technologies Ltd. · allotment 3 Sep · ipostatus.kfintech.com
- NSE public issues page · listing 7 Sep · nseindia.com
- Shanti Inorganics company website · shantiinorganics.com
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 7 Sep, 04:00 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Shanti Inorganics IPO”, https://buyunlistedshares.com/ipo/shanti-inorganics-ipo, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
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- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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