Shanti Inorganics IPO

Shanti Inorganics IPO comprises a total issue size of 56,91,200 shares. The net offer to the public is 54,06,400 shares, after excluding 2,84,800 shares allotted on a firm basis. Of the Net offer 27,00,800 (49.96%) are allocated to QIB , 8,11,200 (15.00%) allocated to NII 18,94,400 (35.04%) allocated to RII .

Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.

IPO Subscription Details

Incorporated in January 2010, Shanti Inorganics Ltd. manufactures and trades sulfur-based inorganic chemicals. Its main products include sodium metabisulphite, sodium sulfite powder, ammonium bisulfite solution, and sodium bisulfite powder/solution.

These products are mainly used as preservatives, reducing agents, oxygen scavengers, and process intermediates across industries such as oil drilling, pharmaceuticals, food and beverages, pulp and paper, and water treatment.

The company operates two manufacturing facilities in Gujarat: one at GIDC, Vatva, Ahmedabad, and the other at Sankalp Industrial Estate, Chiyada, Bavla, Ahmedabad.

The company sells its products in both domestic and international markets. In the domestic market, it served 29 customers during the two-month period ended May 31, 2026, compared with 64 customers in Fiscal 2026, 48 in Fiscal 2025, and 46 in Fiscal 2024. In international markets, it served 8 customers during the two-month period ended May 31, 2026, compared with 20 customers in Fiscal 2026 and 21 customers each in Fiscal 2025 and Fiscal 2024.

The company exports its products to several countries, including the United Arab Emirates, Malaysia, Qatar, Nigeria, Russia, Colombia, Turkey, Vietnam, Egypt, Ghana, the Philippines, and others.

As of May 31, 2026, the company had 66 employees across various departments.

Key Strengths

Growing international presence : The company sells its products in several overseas markets, reducing its dependence on the domestic market.

Diversified customer base: It has established relationships with customers across multiple industries, which helps reduce dependence on any single sector.

Strategic manufacturing locations: Its production facilities are located in Gujarat, providing access to raw materials and established supplier relationships.

Quality and safety standards: The company follows relevant quality and food safety standards and holds certifications supporting its manufacturing and product quality.

Shanti Inorganics Ltd.'s revenue increased by 25% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2026 and March 31, 2025.

The Shanti Inorganics IPO is subscribed 142.17 times on September 2, 2026 6:54:59 PM (Day 3). The public issue subscribed 125.72 times in the individual investors category, 130.97 times in the QIB category, and 195.53 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Total Applications: 91,786

*Market Maker portion is not included to NII/HNI.