SME
IPO ·
NSE SME
Shanti Inorganics Ltd
Listed
Incorporated in January 2010, Shanti Inorganics Ltd. manufactures and trades sulfur-based inorganic chemicals.
Issue details
Price band
₹79 – ₹83
Face value
₹10
Lot size
1,600 shares
Minimum investment
₹2,65,600
Issue size
₹47.24 Cr
Fresh issue
₹44.87 Cr
Offer for sale
—
Issue type
Book Built
Exchange
NSE SME
Key dates
Opens
31 Aug 2026
Closes
2 Sep 2026
UPI mandate cut-off
5:00 PM on 2 Sep 2026
Allotment
3 Sep 2026
Refunds
4 Sep 2026
Shares in demat
4 Sep 2026
Listing
7 Sep 2026
Subscription and listing
Subscription
99.46x
Listing price
₹157.70
Registrar
Kfin Technologies Ltd
Lead manager
Vivro Financial Services
Subscription by category
Total
99.46x
Total applications
91,008
Anchor investors
Amount raised
₹13.44 Cr
Bid date
28 Aug 2026
50% lock-in ends
3 Oct 2026
Rest lock-in ends
2 Dec 2026
Listing day
Issue price
₹83
Open
₹157.70
High
₹165.55
Low
₹150.00
Day close
₹165.55
Listing gain at open
+90.00%
Issue structure
Shares reserved per category and share of the total issue
QIB
27,00,800
47.46%
Anchor Investor
16,19,200
28.45%
QIB (Ex. Anchor)
10,81,600
19.00%
NII
8,11,200
14.25%
bNII > ₹10L
5,40,800
9.50%
sNII < ₹10L
2,70,400
4.75%
Retail
18,94,400
33.29%
Market Maker
2,84,800
5.00%
Total
56,91,200
100.00%
Finaccle’s quick read
Apply
FY26 income up 25%, PAT up 28%, ROE 5.05%, D/E 0.69, post-issue P/E 9.54x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in January 2010, Shanti Inorganics Ltd. manufactures and trades sulfur-based inorganic chemicals. Its main products include sodium metabisulphite, sodium sulfite powder, ammonium bisulfite solution, and sodium bisulfite powder/solution. These products are mainly used as preservatives, reducing agents, oxygen scavengers, and process intermediates across industries such as oil drilling, pharmaceuticals, food and beverages, pulp and paper, and water treatment. The company operates two manufacturing facilities in Gujarat: one at GIDC, Vatva, Ahmedabad, and the other at Sankalp Industrial Estate, Chiyada, Bavla, Ahmedabad.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
5.05%
ROCE
4.45%
Debt / equity
0.69
PAT margin
15.53%
P/E post issue
9.54
Market cap
₹143.15 Cr
Use of IPO money
Part funding the capital expenditure towards setting up a new facility for manufacturing of sodium meta bisulphite, sodium bisulphite powder and ammonium bisulp
₹42.50 Cr
Issue Expenses
₹4.74 Cr
Strengths
✓
Revenue up 25% in FY26 to ₹72.93 Cr
✓
PAT up 28% in FY26 to ₹10.22 Cr
✓
PAT margin of 15.53%
✓
Moderate leverage: debt to equity 0.69
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.