Shanti Inorganics IPO

Shanti Inorganics Limited is engaged in manufacturing and trading sulphur-based inorganic chemicals. Its product portfolio includes sodium meta bisulphite, sodium sulphite powder, sodium bisulphite powder and solution, and ammonium bisulphite solution. These products serve industries such as oil drilling, pharmaceuticals, food and beverages, pulp and paper, and water treatment. The company operates manufacturing facilities at Vatva and Bavla in Ahmedabad, Gujarat. It focuses on product quality, reliable supply and customer relationships across domestic and global markets. Its competitive strengths include export reach, strategically located facilities, supplier relationships, and certifications covering quality and food safety standards. The company serves diverse industries. 

Shanti Inorganics Limited IPO Overview 

Shanti Inorganics Limited IPO is a bookbuilding issue of 50,00,000 equity shares, comprising an entirely fresh issue aggregating up to ₹41.50 crore at the upper price band. The IPO opens on 31 August 2026 and closes on 2 September 2026. The company has fixed the price band at ₹79 to ₹83 per share, with a lot size of 1,600 shares. Individual investors must apply for at least two lots, or 3,200 shares, requiring ₹2,65,600 at the upper price. The allotment is expected on 3 September 2026, while refunds and demat credit are scheduled for 4 September 2026. The shares are proposed to list on NSE SME on 7 September 2026. Vivro Financial Services Pvt. Ltd. serves as the book-running lead manager, while KFin Technologies Ltd. acts as the registrar. The issue reserves up to 50% for QIBs, at least 35% for retail investors and at least 15% for NIIs. 

Shanti Inorganics Limited IPO Details 

Shanti Inorganics Limited IPO Reservation 

Shanti Inorganics Limited IPO Lot Size 

Shanti Inorganics Limited IPO Promoter Holding 

Shanti Inorganics Limited IPO Valuation Overview 

Objectives of the Proceeds 

• Capital expenditure:

  Funds will partly finance a new Bavla facility for sodium meta bisulphite, sodium bisulphite powder and ammonium bisulphite manufacturing, with an estimated requirement of ₹43 crore. 

• General corporate purposes:

  The remaining net proceeds will support general corporate requirements, subject to applicable regulations and issue-related limits. 

Key Financials (in ₹ crore) 

IPO Strengths 

• 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 long-term relationships with suppliers 
• Certifications and compliance with quality and food safety standards 

Peer Group Comparison 

• As per the supplied IPO reference, there are no comparable listed peers identified for Shanti Inorganics Limited. Therefore, comparable peer valuation information is not provided.