Shanti Inorganics IPO
Established in 1998 by Mr. Manoj J. Patel, Shanti Inorganics is a trusted manufacturer of a wide range of sulfur-based inorganic chemicals. Its product portfolio includes ammonium bisulphite, sodium bisulphite solutions, sodium meta/ bisulphite, and sodium sulphite powder, used as preservatives, reducing agents, oxygen scavengers, and process intermediates.
IPO GMP
+₹54
+65% expected gain
Price Band
₹79 - ₹83
Lot Size
3200 shares
Min Investment
₹2,65,600
Listing Date
September 7, 2026
About Shanti Inorganics
Company overview, business, and key facts.
Established in 1998 by Mr. Manoj J. Patel, Shanti Inorganics is a trusted manufacturer of a wide range of sulfur-based inorganic chemicals. Its product portfolio includes ammonium bisulphite, sodium bisulphite solutions, sodium meta/ bisulphite, and sodium sulphite powder, used as preservatives, reducing agents, oxygen scavengers, and process intermediates.
Its products are used in a diverse range of industries such as oil drilling, pharmaceuticals, food and beverages, pulp & paper, and water treatment. Shanti Inorganics exports over 60% of its production to more than 15 countries. Its 2 advanced manufacturing facilities are situated in Ahmedabad, covering 28,000 m², equipped with state-of-the-art infrastructure and fully automated plants that ensure top-quality products.
Founded
1998
Headquarters
Ahmedabad, Gujarat
Promoters
Manojkumar Jayantilal Patel, Avnish Manojkumar Patel
Website
https://shantiinorganics.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Review: Neutral
Risks
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Shanti Inorganics IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹137.4 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
13.4x
Price to sales
1.88x
Revenue growth, 2026
+24.8%
27.2% a year over the period
Profit growth, 2026
+27.9%
41.3% a year over the period
Profit margin (PAT)
14%
EBITDA margin 21.62%
ROE / ROCE
27.68% / 23.4%
As published in the offer document
Debt to equity
0.64
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹1,72,800
3200 shares on ₹2,65,600. GMP is unofficial.
What stands out
- Profit grew 27.9% in 2026.
- GMP has been rising over the last three readings.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: listed peer comparison, published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Shanti Inorganics's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Shanti Inorganics IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Shanti Inorganics IPO is trading at a grey market premium (GMP) of +₹54 (+65% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 131.83x overall — QIB: 131.01x, NII: 144.94x, Retail: 124.9x.
Shanti Inorganics IPO subscription has closed. The shares are expected to list on September 7, 2026.
The minimum investment required is ₹2,65,600 for 3200 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Review: Neutral.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Shanti Inorganics IPO — Frequently Asked Questions
What is Shanti Inorganics IPO GMP today?
Shanti Inorganics IPO GMP (grey market premium) today is +₹54, suggesting an estimated listing gain of +65%. GMP is indicative and subject to change.
What is the price band of Shanti Inorganics IPO?
The price band for Shanti Inorganics IPO is ₹79 - ₹83 with a lot size of 3200 shares. The minimum investment required is ₹2,65,600.
When is Shanti Inorganics IPO allotment date?
Shanti Inorganics IPO allotment is expected to be finalised on September 3, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Shanti Inorganics IPO list on NSE/BSE?
Shanti Inorganics IPO is expected to list on NSE SME on September 7, 2026.
How to check Shanti Inorganics IPO allotment status?
To check Shanti Inorganics IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Shanti Inorganics IPO?
Shanti Inorganics IPO is showing a strong GMP of +₹54 (+65%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Shanti Inorganics IPO?
The lot size for Shanti Inorganics IPO is 3200 shares per lot. The minimum investment for retail investors is ₹2,65,600. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.