Shanti Inorganics IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Financial Analysis
| 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 |
Promoters: Manojkumar Jayantilal Patel and Avnish Manojkumar Patel
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%.
Our metrics didn't flag a major concern for Shanti Inorganics from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
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
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.
| 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
Shanti Inorganics Ltd., Plot No.-2015,, Phase III GIDC, Vatva, Ahmedabad, Gujarat, 382445
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.
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…
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.
Grey market is quoting a premium of +Rs 54 (+65.1% over issue price), up Rs 23 from the previous session. Final subscription data records overall subscription at 153.81x, retail at 125.72x, QIB at 130.97x, NII at 301.86x.
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.
Our data-driven engine currently flags this issue as a Strong Subscribe — the data suggests strong listing-day potential backed by healthy fundamentals. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Shanti Inorganics IPO GMP — What It Means
The latest grey market premium for Shanti Inorganics IPO is ₹54 (+65.1%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Shanti Inorganics it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Shanti Inorganics GMP history and trend, or learn how grey market premium works and how reliable it is.
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