Shanti Inorganics Limited
Bookbuilding IPO · NSE
- Price band
- ₹79 - ₹83
- Lot size
- 1,600 shares
- Issue amount
- ₹47.24 cr
- Total subscription
- 142.25×
- Opens
- 31 Aug 2026
- Closes
- 2 Sept 2026
- Allotment
- 3 Sept 2026
- Listing
- 7 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 56,91,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,26,400
- Fresh issue
- ₹47.24 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,32,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,15,56,200
- Shares after issue
- 1,65,56,200
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,65,600 |
| sHNI | 3 | 4,800 | ₹3,98,400 |
| bHNI | 8 | 12,800 | ₹10,62,400 |
Share reservation
Subscription & GMP
Subscription by category
Reported 2 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 93 |
| NIB | 0 | 17,268 |
| RETAIL | 592 | 74,425 |
| HNIs(10L +) | 113 | 8,914 |
| HNIs (2-10L) | 56 | 8,354 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.98 | 1,175.73 |
| FIIs | 0 | 229.07 |
| FIs | 0 | 144.88 |
| Mutual Funds | 0 | 14.05 |
| Others | 0 | 787.73 |
| RETAIL | 15.72 | 1,976.73 |
| HNIs 2+ | 2.24 | 348.93 |
| HNIs 10+ | 4.49 | 969.94 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 2.16 | 9.36 | 7.86 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 27.68 | 37.01 | 34 |
| PRE IPO(PE) | 9.39 | 0 | 0 |
| POST IPO(PE) | 9.54 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Shanti Inorganics Limited is engaged in the manufacturing and trading of sulphur-based inorganic chemicals used across various industries. Its product portfolio includes sodium metabisulphite, sodium sulphite powder, ammonium bisulphite solution, and sodium bisulphite powder and solutions. These products are widely used as preservatives, reducing agents, oxygen scavengers, and process intermediates in industries such as oil drilling, pharmaceuticals, food and beverages, pulp and paper, and water treatment. The company operates manufacturing facilities in Vatva and Bavla, Ahmedabad, Gujarat, supporting its production capabilities and serving the diverse requirements of industrial customers.
Strengths
- Specialized Chemical Manufacturing: Shanti Inorganics manufactures inorganic chemicals and industrial products that cater to various applications across multiple industries, supporting a diversified business model.
- Established Manufacturing Capabilities: The company has developed production infrastructure and technical expertise that support consistent product quality, efficient manufacturing, and the ability to meet customized customer requirements.
- Diverse Industry Applications: Its products serve industries such as pharmaceuticals, chemicals, water treatment, textiles, ceramics, and other industrial sectors, providing opportunities for broader market reach and growth.
Risk factors
- Raw Material Price Volatility: Fluctuations in the prices and availability of key raw materials, chemicals, and energy can increase production costs and put pressure on profit margins.
- Environmental & Regulatory Risk: Chemical manufacturing is subject to strict environmental, safety, pollution-control, and regulatory requirements. Changes in regulations or non-compliance could increase costs or disrupt operations.
- Intense Industry Competition: The company faces competition from established domestic and international chemical manufacturers, which may create pricing pressure and affect market share and profitability.
Promoters
Manojkumar Jayantilal Patel
Avnish Manojkumar Patel
Registrar & documents
Lead manager
Vivro Financial Services Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No.-2015, Phase III GIDC, Vatva, Ahmedabad, Gujarat, 382445
+91-97277 52562
[email protected]Company website ↗Understanding SHANTIINOR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.