Shanti Inorganics IPO
Shanti Inorganics IPO Details
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Open Date
31 Aug 2026
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Close Date
02 Sep 2026
- IPO Price Range
₹ 79 to ₹83
- IPO Size
₹ 47.24 Cr
Shanti Inorganics IPO Timeline
Last Updated: 28 August 2026 1:12 PM by 5paisa
Shanti Inorganics Limited manufactures and trades sulphur-based inorganic chemicals, including sodium metabisulphite, sodium sulphite and bisulphite products. Its chemicals serve industries such as oil drilling, pharmaceuticals, food and beverages, pulp and paper, and water treatment. The Company operates two manufacturing facilities in Gujarat and caters to domestic and international customers. Its export presence spans markets including the UAE, Malaysia, Qatar, Nigeria, Russia, Turkey, Vietnam and Egypt.
Established in: 2010
Managing Director: Avnish Manojkumar Patel
Shanti Inorganics Objectives
1. 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;
2. General Corporate Purposes
Shanti Inorganics IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹47.24 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹47.24 Cr |
Shanti Inorganics IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,52,800 |
| Retail (Max) | 2 | 3,200 | 2,65,600 |
| S-HNI (Min) | 3 | 4,800 | 3,79,200 |
| S-HNI (Max) | 9 | 11,200 | 9,29,600 |
| B-HNI (Min) | 10 | 12,800 | 10,11,200 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 44.87 | 57.11 | 71.22 |
| EBITDA | 8.72 | 12.06 | 15.40 |
| PAT | 5.12 | 7.99 | 10.22 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 52.69 | 66.04 | 97.04 |
| Share Capital | 0.64 | 0.64 | 11.56 |
| Total Liabilities | 52.69 | 66.04 | 97.04 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 3.47 | 15.53 | 6.10 |
| Net Cash Generated From / (used in) Investing Activities | -19.33 | -16.11 | -22.10 |
| Net Cash Generated From / (used in) Financing Activities | 17.29 | -0.81 | 16.34 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 1.43 | -1.38 | 0.34 |
Strengths
1. Diversified portfolio of sulphur-based inorganic chemical products
2. Products serve multiple industries with varied applications
3. Established manufacturing presence across two Gujarat facilities
4. Export presence across several international geographic markets
Weaknesses
1. Product portfolio concentrated within sulphur-based inorganic chemicals
2. Manufacturing operations geographically concentrated within Gujarat region
3. Business dependent on industrial customer demand cycles
4. International customer base remains relatively limited currently
Opportunities
1. Growing water treatment demand supports chemical consumption
2. Pharmaceutical sector expansion may strengthen product demand
3. Export market expansion can broaden revenue opportunities
4. Industrial growth may increase demand for intermediates
Threats
1. Raw material price volatility may pressure margins
2. Stringent environmental regulations could increase compliance costs
3. Competitive chemical markets may affect pricing flexibility
4. Global trade disruptions could impact export operations
1. Diversified products cater to multiple industrial applications
2. Two manufacturing facilities support established production capabilities
3. Export presence provides access to international markets
4. Multiple end-user industries offer broader demand opportunities
Shanti Inorganics operates within the inorganic chemicals industry, supplying sulphur-based products across diverse industrial applications. Demand from pharmaceuticals, food and beverages, water treatment, pulp and paper, and oil drilling provides opportunities across end-user sectors. With two manufacturing facilities in Gujarat and an established export presence across multiple countries, the Company has potential to expand its customer base, strengthen international reach and benefit from evolving industrial chemical requirements over time.
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- 01st Sep
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- 31st Aug
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FAQs
Shanti Inorganics IPO opens from August 31, 2026 to September 2, 2026.
The size of Shanti Inorganics IPO is approximately ₹47.24 crore.
The price band of Shanti Inorganics IPO is fixed at ₹79 to ₹83 per share.
To apply for Shanti Inorganics IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Shanti Inorganics IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 3,200 shares, requiring an investment of approximately ₹ 2,52,800.
The share allotment date of Shanti Inorganics IPO is September 3, 2026.
The Shanti Inorganics IPO will likely be listed on September 7, 2026.
Vivro Financial Services Pvt.Ltd is the book-running lead manager.
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;
General Corporate Purposes