Shanti Inorganics IPO Details
Shanti Inorganics IPO Summary
Shanti Inorganics IPO opens for subscription on 31 Aug 2026 and closes on 02 Sep 2026.The IPO will be listed on NSE with the tentative listing date set for 07 Sep 2026.
Shanti Inorganics IPO price band has been fixed at ₹79 – ₹83 per share. The face value is ₹10 per share with a lot size of 1600.
Shanti Inorganics IPO total issue size comprises 50,00,000 shares (aggregating up to ₹41.50 Cr). This includes a fresh issue of 50,00,000 shares (aggregating up to ₹41.50 Cr). Pre-issue shareholding stands at 1,15,56,200, which will increase to 1,65,56,200 post-issue.
Shanti Inorganics IPO carries a ₹31 (37.35%) GMP, reflecting investor sentiment.
Shanti Inorganics IPO Lot Size :Individual Minimum is 2 lots (3,200 shares) amounting to ₹265,600. Individual Maximum is 2 lots (3,200 shares) amounting to ₹265,600. SHNI Minimum is 3 lots (4,800 shares) amounting to ₹398,400. SHNI Maximum is 7 lots (11,200 shares) amounting to ₹929,600. BHNI Minimum is 8 lots (12,800 shares) amounting to ₹1,062,400.
Shanti Inorganics IPO Details
Shanti Inorganics IPO Dates
- 31 Aug 2026Opening dateOpen
- 02 Sep 2026Closing dateClose
- 03 Sep 2026Allotment Date Allotment
- 04 Sep 2026Initiation of RefundsRefund
- 04 Sep 2026Credit of SharesCredit
- 07 Sep 2026Listing dateListing
Shanti Inorganics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 3200 | ₹265,600 |
| Individual Maximum | 2 | 3200 | ₹265,600 |
| SHNI Minimum | 3 | 4800 | ₹398,400 |
| SHNI Maximum | 7 | 11200 | ₹929,600 |
| BHNI Minimum | 8 | 12800 | ₹1,062,400 |
Shanti Inorganics IPO Reservation
Promoter Holding
Documents
Shanti Inorganics IPO Valuations
Shanti Inorganics Financial Information
| Period Ended | 31 May 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 110.73 | 97.04 | 66.04 | 52.69 |
| Total Income | 16.10 | 72.93 | 58.46 | 45.06 |
| Profit After Tax | 2.50 | 10.22 | 7.99 | 5.12 |
| EBITDA | 4.02 | 15.40 | 12.06 | 8.72 |
| NET Worth | 50.74 | 48.24 | 25.60 | 17.60 |
| Reserves and Surplus | 39.18 | 36.68 | 24.96 | 16.97 |
| Total Borrowing | 25.38 | 24.34 | ||
| Amount in ₹ Crore | ||||
About Shanti Inorganics IPO
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.
The company sells its products in both domestic and international markets. In the domestic market, it served 29 customers during the two-month period ended May 31, 2026, compared with 64 customers in Fiscal 2026, 48 in Fiscal 2025, and 46 in Fiscal 2024. In international markets, it served 8 customers during the two-month period ended May 31, 2026, compared with 20 customers in Fiscal 2026 and 21 customers each in Fiscal 2025 and Fiscal 2024.
The company exports its products to several countries, including the United Arab Emirates, Malaysia, Qatar, Nigeria, Russia, Colombia, Turkey, Vietnam, Egypt, Ghana, the Philippines, and others.
As of May 31, 2026, the company had 66 employees across various departments.
Key Strengths
- Growing international presence: The company sells its products in several overseas markets, reducing its dependence on the domestic market.
- Diversified customer base: It has established relationships with customers across multiple industries, which helps reduce dependence on any single sector.
- Strategic manufacturing locations: Its production facilities are located in Gujarat, providing access to raw materials and established supplier relationships.
- Quality and safety standards: The company follows relevant quality and food safety standards and holds certifications supporting its manufacturing and product quality.
Strength Of Shanti Inorganics IPO
- 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 longterm relationships with suppliers.
- Certifications and compliance with quality and food safety standards.
- Experienced Promoters and Senior Management with extensive domain knowledge.
- Consistent financial performance.
Risk Of Shanti Inorganics IPO
- We derive a substantial portion of our revenue from the food and beverages, oil drilling and chemical industries. Consequently, any material decline in the performance of the food and beverages, oil drilling and chemical industries, or our failure to sustain, grow, or efficiently manage our sales within these industries may materially and adversely affect our business operations, financial condition and results of operations.
- Our Company derives revenue from diversified customers. Our inability to acquire new customers or loss of all or a substantial portion of any of our major customers, for any reason and/or continued reduction of the business from them, could have a material adverse impact on our business, results of operations, cash flows and financial condition.
- We do not maintain long-term contractual arrangements with the majority of our customers. As a result, the loss of one or more key customers, or any significant reduction in their demand for our products, could materially and adversely affect our business operations, financial condition, results of operations and cash flows.
- Certain entities forming part of our Group Companies, are in the same line of business as ours. There are no non-compete agreements between our Company and such Group Companies. We cannot assure that the said entity will not expand which may increase our competition, which may adversely affect our business operations and financial condition.
- We operate in a competitive industry, and increasing competition may adversely affect our business, financial condition and results of operations.
- A substantial portion of our revenue is derived from exports, exposing us to risks associated with international markets. Any adverse developments in these markets may materially and adversely affect our business operations, financial condition and results of operations.
- A significant increase in the cost of raw materials, particularly if not matched by a corresponding increase in product pricing or revenue, could materially and adversely affect our profit margins and overall financial performance. If we are unable to pass on these increased costs to our customers, it may result in reduced profitability and negatively impact our results of operations and financial condition.
- We have not made any long-term supply arrangement or agreement with our suppliers. In an eventuality where our suppliers are unable to deliver us the required materials, at a competitive price, in a time-bound manner it may have a material adverse effect on our business operations and profitability.
- Our manufacturing facilities situated in Vatva, Ahmedabad ("Manufacturing Unit - I") and Bavla, Ahmedabad ("Manufacturing Unit - II - Phase I") are critical for our business and any disturbance, slowdown or shutdown of our manufacturing facilities, may have an adverse impact on our business, results of operations and financial conditions.
- Our proposed project of capital expenditure relating towards setting up a new facility for manufacturing of sodium meta bisulphite, sodium bisulphite powder and ammonium bisulphite for phase II of Manufacturing Unit - II are subject to the risk of unanticipated delays in implementation and cost overruns.
Objectives Shanti Inorganics IPO
1. 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;
2. General Corporate Purposes
Company Contact Details
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/
Registrar Contact Details
Shanti Inorganics FAQs
The Shanti Inorganics IPO is a SME public issue comprising 5000000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹41.50 Cr. The issue price has been fixed at ₹83 per equity share, and the minimum application size is 1600 shares.
The IPO opens for subscription on 31 Aug 2026, and closes on 02 Sep 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹31 (37.35%).
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