GMP IPO Watch
Shanti Inorganics IPO
Shanti Inorganics IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Shanti Inorganics IPO Details
Key facts at a glance| IPO Open Date | 30 August 2026 | IPO Close Date | 1 September 2026 |
|---|---|---|---|
| Basis of Allotment | 2 September 2026 | Listing Date | 6 September 2026 |
| Price Band | ₹79 - ₹83 per share | Face Value | ₹10 per share |
| Market Lot Size | 1600 Shares | Min Investment (Retail) | ₹2,65,600 |
| Total Issue Size | ₹83 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE SME | Issue Category | SME Issue |
| Registrar | TBA | ||
Shanti Inorganics IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 30 August 2026 | Confirmed |
| IPO Close Date | 1 September 2026 | Confirmed |
| Basis of Allotment | 2 September 2026 | Tentative |
| Initiation of Refunds | 4 September 2026 | Tentative |
| Credit of Shares to Demat | 4 September 2026 | Tentative |
| IPO Listing Date | 6 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 2 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Shanti Inorganics IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 3,200 Shares | ₹2,65,600 |
| Retail (Max) | 2 Lots | 3,200 Shares | ₹2,65,600 |
| S-HNI (Min) | 3 Lots | 4,800 Shares | ₹3,98,400 |
| S-HNI (Max) | 7 Lots | 11,200 Shares | ₹9,29,600 |
| B-HNI (Min) | 8 Lots | 12,800 Shares | ₹10,62,400 |
Shanti Inorganics IPO Live GMP & Movement History
Daily unofficial grey market trends₹54 +65.1%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 6 Sept 2026 | ₹43 | ₹126.00 | +51.81% |
| 2 Sept 2026 | ₹36 | ₹119.00 | +43.37% |
| 1 Sept 2026 | ₹31 | ₹114.00 | +37.35% |
| 31 Aug 2026 | ₹31 | ₹114.00 | +37.35% |
| 27 Aug 2026 | ₹31 | ₹114.00 | +37.35% |
| 26 Aug 2026 | ₹31 | ₹114.00 | +37.35% |
| 25 Aug 2026 | ₹25 | ₹108.00 | +30.12% |
Shanti Inorganics IPO Subscription Status
Demand breakdown by investor categoryAbout Shanti Inorganics
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 Reservation & Share Quotas
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% |
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 |
Shanti Inorganics IPO Important 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.
Shanti Inorganics Promoters and Shareholding 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% |
Shanti Inorganics Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Shanti Inorganics About the 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.
Shanti Inorganics Company Financial Report
To Be Updated Soon
Shanti Inorganics Company Valuation & Key Performance Indicators
To Be Updated Soon
Shanti Inorganics Peer Group Comparison
To Be Updated Soon
Shanti Inorganics Lead Managers & Merchant Bankers
- Vivro Financial Services Pvt. Ltd.
Shanti Inorganics IPO FAQs
Shanti Inorganics IPO opens for subscription on 30 August 2026 and closes on 1 September 2026.
The price band for Shanti Inorganics IPO is set at ₹79.00 to ₹83.00 per share.
The minimum market lot size is 1600 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 3,200 Shares (₹2,65,600).
The latest Grey Market Premium (GMP) for Shanti Inorganics IPO is ₹54. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Shanti Inorganics IPO is tentatively scheduled for 2 September 2026, and shares are expected to list on the stock exchanges on 6 September 2026.
The registrar details will be confirmed in the official prospectus.