Shanti Inorganics IPO listing: listed at ₹157.70, +90.0% over the issue price
Shanti Inorganics listed on NSE SME on 7 Sep 2026 at ₹157.70 per share, +₹74.70 (+90.0%) against the upper price band of ₹83. The issue (price band ₹83, bidding 31 Aug 2026 to 2 Sep 2026) was subscribed 142.17x overall. The last grey-market premium we captured before listing was ₹47 on 6 Sep 2026 (daily average of 11 quotes), which implied a listing price of ₹130; the shares listed at ₹157.70, ₹27.70 above that.
Updated 6 Oct 2026, 19:02 IST. Dated dealer references.
Listing day facts
| Listing date | 7 Sep 2026 |
|---|---|
| Exchange | NSE SME |
| Listing price | ₹157.70 |
| Upper price band (issue price basis) | ₹83 |
| Gain or loss vs upper band | +₹74.70 per share (+90.0%) |
| Price band | ₹83 |
| Issue dates | 31 Aug 2026 to 2 Sep 2026 |
| Subscription (overall, at close) | 142.17x, as of 2 Sep 2026 |
| Lot size | 1,600 shares |
| Gain or loss per lot vs upper band | +₹1,19,519.00 |
Grey-market premium against the actual listing
The last grey-market premium we captured before listing was ₹47 on 6 Sep 2026 (daily average of 11 quotes), which implied a listing price of ₹130; the shares listed at ₹157.70, ₹27.70 above that.
| Date | GMP | Implied listing price | Actual listing vs implied | Quotes captured |
|---|---|---|---|---|
| 24 Aug 2026 | ₹20 | ₹103 | +₹54.70 (+53.1%) | 1 |
| 25 Aug 2026 | ₹25 | ₹108 | +₹49.70 (+46.0%) | 5 |
| 26 Aug 2026 | ₹31 | ₹114 | +₹43.70 (+38.3%) | 5 |
| 27 Aug 2026 | ₹31 | ₹114 | +₹43.70 (+38.3%) | 9 |
| 28 Aug 2026 | ₹31 | ₹114 | +₹43.70 (+38.3%) | 9 |
| 29 Aug 2026 | ₹31 | ₹114 | +₹43.70 (+38.3%) | 13 |
| 30 Aug 2026 | ₹31 | ₹114 | +₹43.70 (+38.3%) | 10 |
| 31 Aug 2026 | ₹31 | ₹114 | +₹43.70 (+38.3%) | 10 |
| 1 Sep 2026 | ₹19 | ₹102 | +₹55.70 (+54.6%) | 11 |
| 2 Sep 2026 | ₹23 | ₹106 | +₹51.70 (+48.8%) | 10 |
| 3 Sep 2026 | ₹13 | ₹96 | +₹61.70 (+64.3%) | 10 |
| 4 Sep 2026 | ₹37 | ₹120 | +₹37.70 (+31.4%) | 11 |
| 5 Sep 2026 | ₹46 | ₹129 | +₹28.70 (+22.2%) | 12 |
| 6 Sep 2026 | ₹47 | ₹130 | +₹27.70 (+21.3%) | 11 |
GMP is unofficial and unregulated; these are the quotes our desk feed captured, averaged by day. Only the price band and the exchange listing price are official.
Frequently asked questions
What was the Shanti Inorganics IPO listing price?
Shanti Inorganics listed on NSE SME on 7 Sep 2026 at ₹157.70 per share.
How did Shanti Inorganics list against the issue price?
The listing price of ₹157.70 was +₹74.70 per share (+90.0%) against the upper price band of ₹83.
What did the grey market indicate before Shanti Inorganics listed?
The last grey-market premium we captured before listing was ₹47 on 6 Sep 2026 (daily average of 11 quotes), which implied a listing price of ₹130; the shares listed at ₹157.70, ₹27.70 above that. GMP is unofficial and not a forecast.
Where do Shanti Inorganics shares trade now?
On NSE SME. Check the exchange for the current quote; BuyUnlistedShares tracks unlisted shares and does not quote listed prices.
Shanti Inorganics IPO overview · GMP history · Subscription status · Allotment status
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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