Shanti Inorganics IPO
ListedSMEChemicals
131.83×
Subscribed
Price band
₹83 – ₹83
Lot size
1,600
1 lot = ₹1,32,800
Issue size
₹47.24 Cr
Open – close
31 Aug 2026
to 02 Sept 2026
Listing
07 Sept 2026
Listing gain
+90.00%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. The offer document has not been analysed yet. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens31 Aug 2026
- Closes02 Sept 2026
- Allotment03 Sept 2026
- Listing07 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB131.01x
Non-institutionalNII / HNI144.94x
Retail individualRII124.90x
Chance of allotment
Retail124.90× subscribed
~1 in 124.9
Minimum 2 lots · 3,200 shares · ₹2,65,600 blocked
Retail is 124.9× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 124.9 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII144.94× subscribed
~1 in 144.9
Minimum 1 lot · 1,600 shares · ₹1,32,800 blocked
HNI is 144.94× subscribed. This category is allotted proportionately, so a bid receives roughly 1/144.9 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹83 – ₹83
Face value₹10
Lot size1,600shares
Minimum application₹1,32,800at cut-off
Total issue size₹47.24 Cr
Listing atSME platform
Company & valuation
ISININE1ZEE01019
RegistrarKARVY
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+11.1%
Listed up
6 of 8
Best
+22.1%
Anawil Wire and Engineering
Worst
-0.7%
Mopshop Distribution
Mopshop Distributionsame segment
-0.7%
Dhanwel Hybrid Seedssame segment
1.6× sub+0.0%
Anawil Wire and Engineeringsame segment
138.6× sub+22.1%
Fusion Klassroom Edutechsame segment
1.5× sub+6.9%
Dhaval Packagingsame segment
46.2× sub+13.4%
31.2× sub+15.6%
7.9× sub+8.9%
146.4× sub+18.0%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
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 2010MD Mr Manojkumar Jayantilal PatelSector Chemicals
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Shanti Inorganics IPO subscribed?
Shanti Inorganics is subscribed 131.83× overall (QIB 131.01×, NII 144.94×, retail 124.90×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, KARVY.
What is the minimum investment in the Shanti Inorganics IPO?
One lot is 1,600 shares, so a retail application at the ₹83 cut-off price blocks ₹1,32,800. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Shanti Inorganics IPO?
The retail portion is subscribed 124.90×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 125. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Shanti Inorganics IPO allotment date?
Allotment is scheduled for 2026-09-03, with listing on 2026-09-07. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, KARVY.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.