Shanti Inorganics Limited IPO
31 Aug 2026 – 2 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹172
- H
- ₹201.65
- L
- ₹172
- C
- ₹201.65
20 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹79 – ₹83
- Lot Size
- 1600 shares
- Min Investment
- ₹2,65,600 (2 lots · 3,200 shares)
- Face Value
- ₹10
- Issue Size
- Initial Public Offer comprising of Fresh Issue of up to 56,91,200 Equity Shares (including Market Maker portion of 2,84,800 Equity Shares and Anchor portion of 16,19,200 Equity Shares)
- Registrar
- KFin Technologies Limited ↗
Timetable
GMP History
Latest GMP ₹55 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 6 Sept | ₹54 | +65.1% | +₹7 | ₹137 | |
| 5 Sept | ₹47 | +56.6% | +₹34 | ₹130 | |
| 3 Sept | ₹13 | +15.7% | — | ₹96 | |
| 2 Sept | ₹13 | +15.7% | −₹23 | ₹96 | |
| 1 Sept | ₹36 | +43.4% | +₹5 | ₹119 | |
| 31 Aug | ₹31 | +37.3% | — | ₹114 | |
| 30 Aug | ₹31 | +37.3% | — | ₹114 | |
| 29 Aug | ₹31 | +37.3% | — | ₹114 | |
| 28 Aug | ₹31 | +37.3% | — | ₹114 | |
| 27 Aug | ₹31 | +37.3% | — | ₹114 | |
| 26 Aug | ₹31 | +37.3% | — | ₹114 |
Subscription
Financials
All values in ₹ crore
About Shanti Inorganics
Shanti Inorganics Ltd. is engaged in the business of manufacturing and trading of sulphur based inorganic chemicals. The product portfolio consists of ammonium bisulphite, sodium bisulphite solutions, sodium meta/ bisulphite, and sodium sulphite powder, which are primarily used as preservatives, reducing agents, oxygen scavengers and process intermediates across multiple industries such as oil drilling, pharmaceuticals, food and beverages, pulp & paper and water treatment. The company's manufacturing facilities are located at plot no. 2015, phase III, GIDC, Vatva, Ahmedabad – 382445, Gujarat, India (“Vatva Unit” or “Manufacturing Unit – I”) and plot no. 5/A & 5/B Sankalp industrial estate, Village: Chiyada, Ta.: Bavla, Ahmedabad (“Bavla Unit” or “Manufacturing Unit – II”). Products: Sodium meta bisulphite Sodium sulphite powder Ammonium bisulphite solution Sodium bisulphite powder/solution Competitive Strengths: Geographical diversification through exports to international market Long standing relationship with diversified customers across multiple industries Strategically located production facilities with access to abundant resources of raw materials and long-term relationships with suppliers Certifications and compliance with quality and food safety standards
As published in the company's own offer documents.
Strengths
- Geographical diversification through exports to international market
- Long standing relationship with diversified customers across multiple industries
- Strategically located production facilities with access to abundant resources of raw materials and long-term relationships with suppliers
- Certifications and compliance with quality and food safety standards
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- Vivro Financial Services Private Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 1,600 | ₹1,32,800 |
| S-HNI (min)first bid over ₹2L | 2 | 3,200 | ₹2,65,600 |
| S-HNI (max)most that stays under ₹10L | 7 | 11,200 | ₹9,29,600 |
| B-HNI (min)first bid over ₹10L | 8 | 12,800 | ₹10,62,400 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Categories
- FI, IC, MF, FII, OTH, CO, IND and NOH
- Tick Size
- Re.1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m. (Bidding Timings on Issue Closure upto 4:00 P.M.)
- UPI Mandate Cut-off
- 02-Sep-2026 (upto 5:00 PM) The cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability to p
- Sponsor Bank
- Kotak Mahindra Bank Limited
Registrar
- Name
- KFin Technologies Limited
- Address
- 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai - 400070, Maharashtra, India
- Contact
- M Murali Krishna, +91 40 67162222 / 1800 309 4001 , shanti.ipo@kfintech.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Shanti Inorganics Limited IPO today?
The latest grey market premium for Shanti Inorganics Limited IPO is ₹55. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Shanti Inorganics Limited IPO?
The price band is ₹79 – ₹83, with a lot size of 1600 shares. The minimum investment is ₹2,65,600.
When does Shanti Inorganics Limited IPO open and close?
The issue opens on 31 Aug 2026 and closes on 2 Sept 2026. Listing is expected on 7 Sept 2026.
Who is the registrar for Shanti Inorganics Limited IPO?
KFin Technologies Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.