Shanti Inorganics IPO GMP today is Rs 54. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
SHANTIINOR
Shanti Inorganics IPO GMP & Allotment
Shanti Inorganics is engaged in the manufacturing and supply of sulphur-based inorganic chemicals. The company’s core business involves producing a range of products, including ammonium bisulphite, sodium bisulphite, sodium meta bisulphite, and sodium sulphite. These chemicals serve as preservatives, reducing agents, and oxygen scavengers, generating revenue through their sale to diverse industries. Key sectors that use its products include food and beverages, chemicals, oil drilling, pharmaceuticals, water treatment, and agrochemicals. The company offers products in multiple purity levels, such as food grade and technical grade, to meet the specific application needs of its customers. Its business is focused on serving as a key supplier for various industrial processing and manufacturing applications.
- IPO Price Band
- ₹79.00 - ₹83.00
- Lot Size
- 1,600 Shares
- Bidding Closes
- 02 Sept 2026
- Listing Date
- 07 Sept 2026
Current GMP Status
₹54
+65.06% vs upper band
Est. Listing Gain
-92.33%
Last Trend
06 Sept 2026
Listing Price
₹6.37
Retail Entry
₹2,65,600
IPO Details
Complete IPO information
| IPO Open Date | 31 Aug 2026 |
|---|---|
| IPO Close Date | 02 Sept 2026 |
| IPO Price Band | ₹79.00 - ₹83.00 |
| Lot Size | 1,600 Shares |
| Current GMP | ₹54 |
| Estimated Listing Gain | -92.33% |
| Issue Size | - |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | NSE SME |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 142.17x |
| Minimum Investment | ₹2,65,600 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 10.82 | 1416.54 | 130.97x |
| NII | 5.26 | 1586.16 | 195.53x |
| Retail | 18.94 | 2381.57 | 125.72x |
| Overall Subscription | 35.02 | 5384.27 | 142.17x |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Shanti Inorganics is priced at ₹83 per share. With a minimum lot size of 1,600 shares, a retail investor applying for one lot would need approximately ₹2,65,600 to participate in this SME issue.
The latest recorded Grey Market Premium for Shanti Inorganics stands at ₹54, implying an estimated listing gain of around 65.06% over the issue price if it holds until listing. This is up ₹7 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Shanti Inorganics's IPO was subscribed 142.17x overall, with a category-wise breakdown of Retail 125.72x, QIB 130.97x, NII 195.53x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
31 Aug 2026
✓
Bidding Closes
02 Sept 2026
✓
Allotment
03 Sept 2026
✓
Listing
07 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 06 Sept 2026 | ₹43.00 | +₹7.00 | 51.81% |
| 02 Sept 2026 | ₹36.00 | +₹5.00 | 43.37% |
| 01 Sept 2026 | ₹31.00 | - | 37.35% |
| 31 Aug 2026 | ₹31.00 | - | 37.35% |
| 27 Aug 2026 | ₹31.00 | - | 37.35% |
| 26 Aug 2026 | ₹31.00 | +₹6.00 | 37.35% |
| 25 Aug 2026 | ₹25.00 | - | 30.12% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 3,200 | ₹2,65,600 |
| Retail Maximum | 2 Lot | 3,200 | ₹2,65,600 |
| S-HNI Minimum | 3 Lot | 4,800 | ₹3,98,400 |
| S-HNI Maximum | 7 Lot | 11,200 | ₹9,29,600 |
| B-HNI Minimum | 8 Lot | 12,800 | ₹10,62,400 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Shanti Inorganics IPO Reservation
The Shanti Inorganics IPO reservation is divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and Anchor Investors.
As per the category-wise allocation, 50% of the issue is reserved for Qualified Institutional Buyers, 15% for Non-Institutional Investors, and 35% for Retail Individual Investors.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The exact number of shares allocated to each investor category is currently unavailable. The table reflects the percentage-wise reservation of 50% for QIBs, 15% for NIIs and 35% for Retail Investors.
Analysis
Shanti Inorganics IPO Anchor Investors
The Shanti Inorganics IPO anchor bidding is scheduled for August 28, 2026, ahead of the public issue opening on August 31, 2026.
The final anchor investor list, number of shares allotted and total anchor investment amount are currently awaited. These details can be updated after completion of the anchor bidding process.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 28, 2026 |
| Anchor Investors List | Awaited |
| Shares Offered | – Shares |
| Anchor Size | – Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | 2026 |
Note: The anchor bidding is scheduled for August 28, 2026. The final anchor investor names, shares allotted, anchor issue size and exact 30-day and 90-day lock-in expiry dates should be updated after the anchor allocation is officially announced.
Analysis
Shanti Inorganics IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 31 Aug 2026 |
| IPO Close Date | 02 Sept 2026 |
| Basis of Allotment | 03 Sept 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 07 Sept 2026 |
Note: The timeline for Shanti Inorganics IPO is tentative and subject to change.
Analysis
Shanti Inorganics IPO Promoters and Holding Pattern
The promoters of Shanti Inorganics are Manojkumar Jayantilal Patel and Avnish Manojkumar Patel. Before the IPO, the promoter and promoter group collectively hold 96,67,040 equity shares, representing approximately 83.65% of the company's pre-IPO equity share capital.
Other shareholders hold 18,89,160 equity shares, representing approximately 16.35% of the pre-IPO share capital. The company's total pre-IPO outstanding shares stand at 1,15,56,200 equity shares.
Following the fresh issue, the company's total outstanding equity shares are expected to increase to 1,65,56,200 shares. As new shares are issued through the IPO, the promoter group's percentage holding will be diluted after the issue.
Promoters of Shanti Inorganics
- Manojkumar Jayantilal Patel
- 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% |
Note: The promoter and promoter group hold 83.65% of the company before the IPO. The exact post-IPO promoter and public shareholding percentages should be updated after the final post-issue shareholding pattern becomes available.
Analysis
Shanti Inorganics Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Shanti Inorganics About Ipo
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 m², equipped with state-of-the-art infrastructure and fully automated plants that ensure top-quality products.
Analysis
Shanti Inorganics Company Financials
To Be Updated Soon
Analysis
Shanti Inorganics Company Valuation – FY2026
To Be Updated Soon
Analysis
Shanti Inorganics IPO Peer Group Comparison
To Be Updated Soon
Analysis
Shabnti Inorganics Ipo Lead Managers aka Merchant Bankers
- Vivro Financial Services Pvt. Ltd.
Comparison
Compare Shanti Inorganics IPO with similar IPOs
FAQ
Shanti Inorganics IPO FAQs
Shanti Inorganics IPO price band is Rs 79.00 to Rs 83.00. Check the latest issue price, lot size and GMP together before applying.
Shanti Inorganics IPO open date is 31 Aug 2026, close date is 02 Sept 2026, and listing date is 07 Sept 2026.
Shanti Inorganics IPO lot size is 1,600 shares. The minimum retail investment is Rs 2,65,600.
Shanti Inorganics is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Shanti Inorganics IPO subscription status currently shows Retail 125.72x, QIB 130.97x, NII 195.53x, Overall 142.17x.
Shanti Inorganics is engaged in the manufacturing and supply of sulphur-based inorganic chemicals. The company’s core business involves producing a range of products, including ammonium bisulphite, sodium bisulphite, sodium meta bisulphite, and sodium sulphite. These chemicals serve as preservatives, reducing agents, and oxygen scavengers, generating revenue through their sale to diverse industries. Key sectors that use its products include food and beverages, chemicals, oil drilling, pharmaceuticals, water treatment, and agrochemicals. The company offers products in multiple purity levels, such as food grade and technical grade, to meet the specific application needs of its customers. Its business is focused on serving as a key supplier for various industrial processing and manufacturing applications.
Shanti Inorganics IPO issue size is TBA and the expected allotment date is 03 Sept 2026.
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