Shanti Inorganics IPO Details
| IPO Open Date | August 31, 2026 |
| IPO Close Date | September 2, 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹79 to ā¹83 Per Share |
| Issue Size | Approx ā¹47.23 Crores |
| Fresh Issue | Approx ā¹47.23 Crores |
| Issue Type | Book-build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Shanti Inorganics IPO Review & Key Points
- Review: Neutral
Shanti Inorganics IPO Market Lot
The Shanti Inorganics IPO minimum market lot is 3,200 shares with ā¹2,65,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ā¹2,65,600 |
| Retail Maximum | 2 | 3,200 | ā¹2,65,600 |
| S-HNI Minimum | 3 | 4,800 | ā¹3,98,400 |
| S-HNI Maximum | 7 | 11,200 | ā¹9,29,600 |
| B-HNI Minimum | 8 | 12,800 | ā¹10,62,400 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 16,19,200 Shares | 30% |
| QIB (Ex. Anchor) | 10,81,600 Shares | 20% |
| NII Shares Offered | 5,26,400 Shares | 9.74% |
| Retail Shares Offered | 18,94,400 Shares | 35.04% |
Shanti Inorganics IPO Anchor Investors
| Anchor Bidding Date | August 28, 2026 |
| Anchor Investors List | |
| Shares Offered | 16,19,200 Shares |
| Anchor Size | 13.44 Cr. |
| lock-in period end date 50% shares (30 Days) | Oct 3, 2026 |
| lock-in period end date 50% shares (90 Days) | Dec 2, 2026 |
Shanti Inorganics IPO Dates
The Shanti Inorganics IPO date is August 31 and the close date is September 2. The Shanti Inorganics IPO allotment will be finalized on September 3 and the IPO listing on September 7.
| IPO Open Date: | August 31, 2026 |
| IPO Close Date: | September 2, 2026 |
| Basis of Allotment: | September 3, 2026 |
| Refunds: | September 4, 2026 |
| Credit to Demat Account: | September 4, 2026 |
| IPO Listing Date: | September 7, 2026 |
Promoters and Holding Pattern
The promoters of the company are Manojkumar Jayantilal Patel and Avnish Manojkumar Patel.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 96,67,040 | 83.65% | – | -% |
| Others* | 18,89,160 | 16.35% | – | -% |
| Total | 1,15,56,200 | 100% | 1,65,56,200 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Part funding the capital expenditure towards setting up a new facility for manufacturing of sodium meta bisulphite, sodium bisulphite powder and ammonium bisulphite situated at Bavla, Ahmedabad, Gujarat; | ā¹43.00 |
| General Corporate Purposes | ā¹- |
About Shanti Inorganics
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 mĀ², equipped with state-of-the-art infrastructure and fully automated plants that ensure top-quality products.
Company Financials
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ā¹45.06 | ā¹38.20 | ā¹5.12 | ā¹52.69 |
| 2025 | ā¹58.46 | ā¹47.69 | ā¹7.99 | ā¹66.04 |
| 2026 | ā¹72.93 | ā¹59.11 | ā¹10.22 | ā¹97.04 |
| May 2026 | ā¹16.10 | ā¹12.73 | ā¹2.50 | ā¹110.73 |
Company Valuation – FY2026
Check Shanti Inorganics IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 27.68% |
| ROCE: | 23.40% |
| EBITDA Margin: | 21.62% |
| PAT Margin: | 14.01% |
| Debt to equity ratio: | 0.64 |
| Earning Per Share (EPS): | ā¹9.36 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 27.68% |
| Net Asset Value (NAV): | ā¹41.74 |
Peer Group Comparison
- There are no listed companies.
IPO Lead Managers aka Merchant Bankers
- Vivro Financial Services Pvt. Ltd.
Company Address
Shanti Inorganics Ltd.
Plot No.-2015,
Phase III GIDC, Vatva
Ahmedabad, Gujarat, 382445
Phone: +91-97277 52562
Email: info@shantiinorganics.com
Website: https://shantiinorganics.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 040-79615565
Email: shanti.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Shanti Inorganics IPO FAQs
What is Shanti Inorganics IPO?
When Shanti Inorganics IPO will open for subscription?
What is Shanti Inorganics IPO Investors Portion?
How to Apply the Shanti Inorganics IPO?
What is Shanti Inorganics IPO Issue Size?
What is Shanti Inorganics IPO Price Band?
What is Shanti Inorganics IPO Lot Size?
What is the Shanti Inorganics IPO Allotment Date?
What is the Shanti Inorganics IPO Listing Date?
Note: The Shanti Inorganics IPO price band and date are officially announced. The (Shanti Inorganics IPO grey market premium) will be added to the IPO GMP page as it will start).
