Shanti Inorganics
OPENIPO Date: 31 Aug - 2 Sept 2026
Listing Date: 7 Sept 2026
Price Range
Rs.79 - Rs.83
Issue Size
47 Cr
Min Investment
₹1,26,400
Lot Size
1600 Shares
Schedule of Shanti Inorganics
Issue open date
31 Aug 2026
Issue close date
2 Sept 2026
UPI mandate deadline
2 Sept 2026 (5 PM)
Allotment finalization
3 Sept 2026
Share credit
4 Sept 2026
Listing date
7 Sept 2026
Mandate end date
17 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 47 Cr |
| Fresh Issue | 47.24 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 3 Sept 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 1 Sept 2026 | ₹83 | ₹36 | ₹119 (43.37%) |
| 30 Aug 2026 | ₹83 | ₹31 | ₹114 (37.35%) |
| 29 Aug 2026 | ₹83 | ₹31 | ₹114 (37.35%) |
| 28 Aug 2026 | ₹83 | ₹31 | ₹114 (37.35%) |
| 27 Aug 2026 | ₹83 | ₹31 | ₹114 (37.35%) |
| 26 Aug 2026 | ₹83 | ₹31 | ₹114 (37.35%) |
| 25 Aug 2026 | ₹83 | ₹31 | ₹114 (37.35%) |
| 24 Aug 2026 | ₹83 | ₹25 | ₹108 (30.12%) |
Performance Shanti Inorganics
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.79 - Rs.83 | .... | .... | .... |
About Shanti Inorganics
Shanti Inorganics is engaged in the manufacturing and supply of sulphur-based inorganic chemicals. Its product portfolio includes ammonium bisulphite solution, sodium bisulphite powder and solution, sodium metabisulphite, and sodium sulphite powder/anhydrous. These products are used as preservatives, reducing agents, oxygen scavengers, and process intermediates across industries such as food and beverages, chemicals, oil drilling, pharmaceuticals, ceramics, agrochemicals, water treatment, petrochemicals, cosmetics, paints, polymers, boilers, and mining. The company operates two manufacturing units in Ahmedabad, Gujarat. Manufacturing Unit I at Vatva has an installed capacity of 18,800 metric tonnes per annum (MTPA), while Phase I of Manufacturing Unit II at Bavla commenced commercial production in February 2025 with an installed capacity of 18,000 MTPA. Phase II of the Bavla facility is under development with a proposed capacity of 78,544 MTPA. The company holds ISO 9001:2015, NSF, KOSHER, HACCP, and HALAL certifications and sells its products in the domestic and international markets.
| Founded in | 2010 |
| Managing director | Mr Manojkumar Jayantilal Patel |
| Parent organization |
Financial Overview
Strengths
- One of the largest domestic producers of bisulphites.
- Diverse product portfolio with applications across multiple industries.
- Long-standing relationships with a broad customer base.
- Strategically located manufacturing units in Gujarat.
- Experienced promoters and a professional management team.
Risks
- Heavy dependence on the sale of Sodium Bisulphite.
- Lack of long-term agreements with suppliers for raw materials.
- Business is subject to strict and evolving environmental regulations.
- Operates in a competitive and fragmented industry.
- Inability to manage working capital requirements effectively could harm the business.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |