Open a Free Demat Account !
₹0 AMC & Account Opening Fee
Shanti Inorganics IPO
Shanti Inorganics Limited
Minimum investment
AnalyseShanti Inorganics IPO Details
Bidding date
31 Aug - 02 Sep 2026
Price range
₹79 - ₹83
Minimum quantity
3,200
Minimum investment
₹1,26,400
Issue size
₹47 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Shanti Inorganics IPO Dates & Timeline
IPO Objectives & Issue Structure
Total Issue Size:
₹47 Crore
Fresh Issue: 96% (₹45 Cr)
OFS: 0% (₹0 Cr)
Fresh Issue – ₹45 Crore
- Part funding the capital expenditure towards setting up a new manufacturing facility for sodium meta bisulphite, sodium bisulphite powder and ammonium bisulphite at Bavla, Ahmedabad, Gujarat - ₹42.5 Cr
Offer for Sale – ₹0 Crore
Before Issue: 83.65%
After Issue: 56.05%
Shareholder Lock-in Schedule
Lock-in / Stabilization | Timeline |
|---|---|
Minimum Promoters’ Contribution – 20% of Post-Issue Capital | 3 years from the date of allotment |
50% of Promoters’ Holding Above Minimum Contribution | 2 years from the date of allotment |
Remaining 50% of Promoters’ Holding Above Minimum Contribution | 1 year from the date of allotment |
Pre-issue Shares Held by Non-Promoters | 1 year from the date of allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Shanti Inorganics IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | - |
Retail Individual Investor | - |
Non-Institutional Investor | - |
Others | - |
Total | 132.30x |
About Shanti Inorganics IPO: Company Overview
Shanti Inorganics Ltd. is a Gujarat-based manufacturer and trader of sulfur-based inorganic chemicals. Incorporated in January 2010, the company manufactures products such as sodium metabisulphite, sodium sulfite powder, ammonium bisulfite solution, and sodium bisulfite powder and solution. These chemicals are used as preservatives, reducing agents, oxygen scavengers, and process intermediates across industries including pharmaceuticals, food and beverages, oil drilling, pulp and paper, and water treatment.
The company operates two manufacturing facilities in Gujarat, located at GIDC, Vatva, Ahmedabad and Sankalp Industrial Estate, Chiyada, Bavla, Ahmedabad. It serves both domestic and international markets and exports its products to countries including the UAE, Malaysia, Qatar, Nigeria, Russia, Colombia, Turkey, Vietnam, Egypt, Ghana and the Philippines. As of May 31, 2026, the company had 66 employees.
Shanti Inorganics IPO is a book-built issue of Rs. 47.24 crore, consisting entirely of a fresh issue of 56.91 lakh shares. The IPO is open for subscription from August 31, 2026, to September 2, 2026, with a price band of Rs. 79 to Rs. 83 per share. The IPO is proposed to be listed on the NSE SME platform, with a tentative listing date of September 7, 2026.
The company plans to use around Rs. 43 crore from the IPO proceeds to partly fund the capital expenditure for setting up a new manufacturing facility at Bavla, Ahmedabad, for producing sodium metabisulphite, sodium bisulphite powder and ammonium bisulphite.
Strengths & Risks of Shanti Inorganics IPO
Growing international presence: Shanti Inorganics sells its products in several international markets, helping diversify its customer and revenue base.
Diversified end-use industries: Its products are used across pharmaceuticals, food and beverages, oil drilling, pulp and paper and water treatment, reducing reliance on a single industry.
Strategic manufacturing facilities: The company's manufacturing units are located in Gujarat, providing access to established industrial infrastructure, suppliers and raw materials.
Strong financial growth: Revenue increased from Rs. 58.46 crore in FY2025 to Rs. 72.93 crore in FY2026, while PAT increased from Rs. 7.99 crore to Rs. 10.22 crore.
Expansion plans: The proposed new manufacturing facility at Bavla could support capacity expansion and future growth.
Dependence on the chemicals industry: The company's business is exposed to changes in demand, pricing, competition and operating conditions within the inorganic chemicals industry.
Customer concentration risk: Although the company serves customers across different industries and geographies, a reduction in orders from key customers could affect its revenues.
Execution risk from expansion: The company intends to invest around Rs. 43 crore in a new manufacturing facility. Delays, cost overruns or operational challenges could affect the expected benefits from the expansion.
Export-related risks: International sales expose the company to foreign exchange fluctuations, regulatory requirements, geopolitical developments and changes in demand across overseas markets.
SME listing: The IPO will be listed on the NSE SME platform. SME-listed stocks can have lower trading liquidity compared with companies listed on the main board, which may increase volatility and make buying or selling shares more difficult.
Shanti Inorganics Financials: Revenue, Profit & EBITDA
16.1 Cr.
May'26
2.5 Cr.
May'26
4.02 Cr.
May'26
How to Apply for Shanti Inorganics IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
Shanti Inorganics IPO Market Sentiment: See How Many Are Interested
Will you apply for Shanti Inorganics IPO?
58 investors voted
FAQs: Shanti Inorganics IPO
Want to apply in IPO?
Open Rupeezy account now. It is 100% free and secure.
Active IPOs | |
|---|---|
Company name | Bid starts |
National Stock Exchange Of India | 17-09-2026 |
Sonaselection India | 17-09-2026 |
Varmora Granito | 22-09-2026 |
Kheria Autocomp | 17-09-2026 |
Spectraa Technology Solutions | 17-09-2026 |
Axiom Gas Engineering | 18-09-2026 |
Pooja Logistics | 23-09-2026 |