Shanti Inorganics IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 | May 2026 |
|---|---|---|---|---|
| Revenue | 45.06 | 58.46 | 72.93 | 16.10 |
| Expense | 38.20 | 47.69 | 59.11 | 12.73 |
| Profit (PAT) | 5.12 | 7.99 | 10.22 | 2.50 |
| Total Assets | 52.69 | 66.04 | 97.04 | 110.73 |
Strengths & Risks
- Heavily oversubscribed — 153.8x overall (so far).
- Strong institutional (QIB) demand — 131.0x.
- Revenue grew 25% in the latest reported year.
- Solid profit margin — 14.0%.
- Strong return on equity — 28%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Shanti Inorganics
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.
Company Contact Information
Shanti Inorganics Ltd., Plot No.-2015,, Phase III GIDC, Vatva, Ahmedabad, Gujarat, 382445
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Part funding the capital expenditure towards setting up a new facility for manufacturing of sodium meta bisulphite, sodium bisulphite powder and ammonium bisulphite situated at Bavla, Ahmedabad, Gujarat; | 43.00 |
| General Corporate Purposes | - |
Resources & Documents
Anchor Investors
Shanti Inorganics IPO - Quick Take
Shanti Inorganics has set a price band of Rs 79–Rs 83 per share for an issue size of Rs 47 crore. The stock listed with a 90.00% gain versus its issue price on September 07, 2026.
The issue is promoted by Manojkumar Jayantilal Patel and Avnish Manojkumar Patel with Vivro Financial Services Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards part funding the capital expenditure towards setting up a new facility for manufacturing of sodium meta bisulphite, sodi… (Rs 43 crore) and general Corporate Purposes.
On fundamentals, the company is posting revenue growth of 24.8%, a profit margin of 14.0%, return on equity of 27.7% in its most recent reported period.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Shanti Inorganics IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 65.1%. Of the 32 SME IPOs we have tracked with a final GMP of 25% or more, 32 listed above, 0 flat and 0 below the issue price; Shanti Inorganics listed 90% above its issue price.
See the full Shanti Inorganics GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
Same sector or same stage as Shanti Inorganics
No comments yet. Be the first to share your opinion!