Shanti Inorganics IPO: GMP, Date, Price & Review

Shanti Inorganics IPO- Company Analysis 

Shanti Inorganics IPO under the SME IPO category is a bookbuild issue of Rs. 47.24 Cr by Shanti Inorganics Limited, which produces and sells inorganic compounds based on sulfur. Sodium metabisulphite, sodium sulfite powder, ammonium bisulfite solution, and sodium bisulfite powder/solution are among its principal products.

In a variety of industries, including oil drilling, pharmaceuticals, food and beverage, pulp and paper, and water treatment, these products are mostly utilized as preservatives, reducing agents, oxygen scavengers, and process intermediates.

The company has two manufacturing sites in Gujarat: Sankalp Industrial Estate, Chiyada, Bavla, Ahmedabad, and GIDC, Vatva, Ahmedabad.

Shanti Inorganics IPO Details

The Shanti Inorganics IPO date of opening is 31 Aug 2026; its initial public offering will end on 02 Sep, IPO allotment on Sep 03 and refund initiation on Sep 04, 2026.

The Rs. 47.24 crore new SME IPO comprises a wholly fresh issue of 0.57 crore shares.

The Shanti Inorganics IPO listing date (expected) might be Monday, Sep 07, 2026, and the listing on the NSE and SME. 

The Shanti Inorganics IPO price band is Rs. 79 to Rs. 83.

IPO Timetable (Tentative)

Click to open demat account and apply for the IPO.

Company Financials

(Amount in Cr)

Cash Flows

(Amount in Lac)

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• 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. ~ Rs. 43 Cr.

• General Corporate Purposes.

Listed Peers of Shanti Inorganics Ltd. 

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

Valuation

Evaluation of P/E Ratio

Considering the period ended on FY 2026 with an EPS of Rs. 9.36 from the last year, the resulting P/E ratio is 8.86x.

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IPO's Strengths 

• The business lessens its reliance on the home market by selling its goods in a number of international markets.

• It has built connections with clients in a variety of industries, which lessens reliance on any one of them.

• Gujarat is home to its production facilities, which offer access to raw materials and well-established supplier relationships.

• The business adheres to pertinent standards for food safety and quality, and it has certifications attesting to the caliber of its production.

IPO's Weaknesses

• The company derives a substantial portion of its revenue from the food and beverages, oil drilling, and chemical industries. Any material decline in these industries or failure to sustain and grow sales within them could adversely affect its business and financial performance.

• Although the company has a diversified customer base, its inability to acquire new customers or the loss of a substantial portion of its major customers could materially affect its business, results of operations, cash flows, and financial condition.

• The company does not maintain long-term contractual arrangements with the majority of its customers. The loss of key customers or a significant reduction in their demand for its products could adversely affect its business, operations, financial condition, and cash flows.

Shanti Inorganics IPO GMP (Grey Market Premium)

Shanti Inorganics IPO GMP today is Rs. 25 as of 25 August 2026, while writing this information. 

Shanti Inorganics IPO Summary

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (3200 Shares) for Rs. 2,65,600, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (4800 Shares) for Rs. 3,98,400.

Shanti Inorganics IPO Allotment Status

To check the Shanti Inorganics IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Shanti Inorganics Ltd.

• Manojkumar Jayantilal Patel 

• Avnish Manojkumar Patel.

IPO Lead Managers

Vivro Financial Services Pvt. Ltd.

Dividend Policy

The company has not paid a dividend during the last three FYs. 

Conclusion

Shanti Inorganics IPO is a fresh SME issue of ₹47.24 crore opening from 31 August to 2 September 2026 at a price band of ₹79–₹83, aimed at funding a new manufacturing facility in Gujarat.  

With consistent revenue and profit growth, healthy margins, and strong demand for its sulphur-based inorganic chemicals, the company presents an interesting opportunity for investors looking at the SME segment.  

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Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.

You must consult your financial advisor before making any financial decisions.

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.