Shanti Inorganics IPO
Shanti Inorganics IPO is a book built issue of ₹40,72,000 crores. The issue is entirely a fresh issue. The subscription opens on 31 Aug '26 and closes on 02 Sep '26, with the basis of allotment expected to be finalised on 03 Sep '26. The shares are scheduled to list on NSE. The price band is set at ₹79 to ₹83 per share with a minimum lot size of 1,600 shares. Vivro Financial Services Pvt Ltd is the book-running lead manager, while Kfin Technologies Ltd. is the registrar of the issue; for detailed information, refer directly to the official Shanti Inorganics IPO RHP.
Free Demat with Zero AMC*
Shanti Inorganics IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 20,36,000 crores |
| Non-Institutional Investors (NIIs) | 15% | 6,10,800 crores |
| Retail Individual Investors (RIIs) | 35% | 14,25,200 crores |
About Shanti Inorganics Ltd IPO
Incorporated in 2010, Shanti Inorganics Limited is engaged in the manufacturing, marketing and supply of sulphur-based inorganic chemicals. Its product portfolio includes ammonium bisulphite solution, sodium bisulphite powder and solution, sodium metabisulphite, and sodium sulphite powder/anhydrous, which are used across industries such as food and beverages, chemicals, oil drilling, pharmaceuticals, water treatment, agrochemicals, mining and other industrial applications.
The company has one of the largest domestic production capacities for bisulphites, with an installed capacity of 18,800 MTPA at its Vatva manufacturing unit in Ahmedabad, Gujarat. Its Bavla facility commenced production in February 2025 with 18,000 MTPA capacity, while Phase II is under development with a proposed capacity of 78,544 MTPA.
Shanti Inorganics has expanded its product portfolio and manufacturing capabilities, including the introduction of liquid sodium bisulphite, sodium metabisulphite and ammonium bisulphite solutions. The company also transitioned to procuring liquefied sulphur dioxide in FY2019.
The company serves both domestic and international markets, with customers across India and overseas markets including the UAE, Malaysia, Qatar, Nigeria, Turkey, Vietnam, Egypt and the Philippines.
As of May 31, 2026, the company had employed 66 employees across its manufacturing facilities.
Shanti Inorganics IPO Strengths & Weaknesses
Geographical diversification through exports, where export sales contributed to 42.57% of revenue from operations in FY26.
Serves customers across food and beverages, chemicals, oil drilling, pharmaceuticals, agrochemicals, water treatment and other industries, reducing dependence on a single end-use sector.
Manufacturing units are located close to key raw material sources, supporting supply reliability, lower logistics costs and operational efficiency.
Certifications such as ISO 9001:2015, NSF, HACCP support product quality and compliance across multiple markets.
Shanti Inorganics IPO Issue Details
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 40,72,000 shares (aggregating up to ₹2,65,600 crores) |
| Fresh Issue | 5,40,640 shares (aggregating up to ₹54,06,400 crores) |
| Offer for Sale | 0 shares of ₹10 (aggregating up to To be announced) |
| Issue Type | Book building |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 83.65 shares |
| Post-Issue Shareholding | 0 shares |
Shanti Inorganics IPO Shares
| Minimum Shares | Maximum Shares |
|---|---|
| -- | -- |
The lot size of Shanti Inorganics ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Shanti Inorganics IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Shanti Inorganics IPO Contact & Registrar Details
Contact Details
Address
Plot No.-2015, Phase III GIDC, Vatva Ahmedabad
Phone Number
Registrar Details
Registrar Name
Kfin Technologies Ltd.
Phone Number
Shanti Inorganics Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Vivro Financial Services Pvt Ltd |
