· SME · NSE
Price Band
₹79–83
Lot Size
1600 shares
Issue Size
₹47 Cr
Min. Investment
₹1,32,800
Indicative, updates through the day
Cap price plus current GMP: ₹130 — arithmetic, not a forecast
Subscription data will appear once bidding opens.
Shanti Inorganics IPO is an SME issue whose public bidding closed on 2 September 2026, with listing scheduled for 7 September 2026 on NSE. The issue price band is fixed at ₹79–₹83 per equity share with a minimum market lot size of 1600 shares, bringing the total issue size to ₹47 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹1,32,800.
The latest unlisted Grey Market Premium (GMP) for Shanti Inorganics IPO is quoted at ₹47, representing a premium of approximately 56.63% over the upper price band of ₹83. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near ₹130, and informal quotes have risen over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read our research on IPO GMP accuracy, or compare with live GMP quotes for all active IPOs.
The minimum investment for retail investors is one lot of 1600 shares (approx. ₹1,32,800 at the cut-off price). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is KFin Technologies Ltd., with the basis of allotment finalised on 3 September 2026 and listing expected on 7 September 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Shanti Inorganics IPO raises ₹13.44 crore from anchor investors. Shanti Inorganics IPO Anchor bid date is August 28, 2026.📝 Anchor Investors Letter (PDF)
| Category | Shares Offered | % |
|---|---|---|
| QIB | 27,00,800 | 49.96% |
| − Anchor Investor | 16,19,200 | 0% |
| − QIB (Ex. Anchor) | 10,81,600 | 0% |
| NII (HNI) | 8,11,200 | 15% |
| − bNII > ₹10L | 5,40,800 | 0% |
| − sNII < ₹10L | 2,70,400 | 0% |
| Retail | 18,94,400 | 35.04% |
| Market Maker | 2,84,800 | 0% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 3200 | ₹2,65,600 |
| Individual investors (IND) (Max) | 2 | 3200 | ₹2,65,600 |
| S-HNI (Min) | 3 | 4800 | ₹3,98,400 |
| S-HNI (Max) | 7 | 11200 | ₹9,29,600 |
| B-HNI (Min) | 8 | 12800 | ₹10,62,400 |
EPS (Pre IPO)
8.84
EPS (Post IPO)
8.70
ROE
5.05%
P/E (Pre IPO)
9.39
P/E (Post IPO)
9.54
Price / Book
1.89
Market Cap
₹96Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Devson Catalyst Ltd. | 9.66 | ₹42.34 Cr | |
| Vahh Chemicals Ltd. | 7.15 | ₹13.45 Cr | |
| Biopol Chemicals Ltd. | 19.73 | ₹31.26 Cr | |
| Neochem Bio Solutions Ltd. | 15.85 | ₹44.97 Cr | |
| Speb Adhesives Ltd. | 16.73 | ₹33.73 Cr | |
| SK Minerals & Additives Ltd. | 10.45 | ₹41.15 Cr |
Shanti Inorganics Ltd. Address
KFin Technologies Ltd.