Shanti Inorganics IPO Subscription Day 1: Issue Booked 1.24x

Mumbai, August 31: The Shanti Inorganics IPO opened for subscription on August 31, 2026, and received a positive response from investors on the first day. The ₹47.24 crore issue was subscribed 1.24 times overall by the end of Day 1.

The public issue received bids for 43,56,800 shares against 35,02,400 shares available for subscription. Among the investor categories, retail investors subscribed 1.72 times, while the NII portion was subscribed 1.61 times.

The QIB portion, excluding anchor investors, received bids for 2,52,800 shares against 10,81,600 shares on offer, taking its subscription to 0.23 times.

The Shanti Inorganics IPO will remain open until September 2, 2026. The issue is proposed to list on the NSE SME platform, with a tentative listing date of September 7, 2026.

Shanti Inorganics IPO Details

The Shanti Inorganics IPO is a ₹47.24 crore bookbuilding issue. The issue comprises a fresh issue of 54,06,400 shares, with no offer-for-sale component shown in the provided IPO details.

The price band has been fixed at ₹79 to ₹83 per share. The lot size is 1,600 shares, while individual investors need to apply for a minimum of two lots, or 3,200 shares. At the upper end of the price band, the minimum retail investment comes to ₹2,65,600.

For HNI investors, the minimum application is three lots, or 4,800 shares, requiring an investment of ₹3,98,400 at the upper price band.

Shanti Inorganics IPO Subscription Status

The Shanti Inorganics IPO saw the strongest demand from individual investors on Day 1, with the retail portion subscribed 1.72 times. Retail investors placed bids for 32,54,400 shares against 18,94,400 shares available to them.

The NII category was subscribed 1.61 times, receiving bids for 8,49,600 shares against 5,26,400 shares on offer. Within the segment, bNII investors subscribed 2.39 times, while the sNII portion stood at 0.88 times.

The QIB portion excluding anchor investors recorded subscription of 0.23 times, with bids for 2,52,800 shares against 10,81,600 shares available.

Overall, the issue received 43,56,800 shares in bids against 35,02,400 shares offered to the public, resulting in an overall subscription of 1.24 times.

Shares offered and total amount are calculated at the upper end of the IPO price band. Anchor investors are not included in the public subscription figures.

Day-wise Subscription Details

The Shanti Inorganics IPO began its three-day bidding process on August 31, 2026. The issue crossed the one-times subscription mark on the opening day, supported by demand from both retail and NII investors.

By the end of Day 1, the overall subscription stood at 1.24 times. Retail investors subscribed 1.72 times, while the NII and QIB portions recorded subscriptions of 1.61 times and 0.23 times, respectively.

About Shanti Inorganics

The provided IPO snapshot does not include detailed information about Shanti Inorganics’ business operations, products or services. The available details identify the company as the issuer of the ₹47.24 crore NSE SME IPO.

Further company information is referred to in the company’s RHP, as indicated in the provided IPO details.

Conclusion

The Shanti Inorganics IPO got off to a positive start on the first day, with the issue subscribed 1.24 times overall. Retail investors led the response at 1.72 times, followed by NII investors at 1.61 times, while QIB participation remained comparatively lower at 0.23 times.

The IPO will remain open for subscription until September 2, 2026. Investors can continue to track the category-wise bidding figures through the remaining sessions, with allotment scheduled for September 3 and the tentative NSE SME listing planned for September 7, 2026.

Source:

• https://www.chittorgarh.com/ipo/shanti-inorganics-ipo/2736/