
Chemicals · NSE
Shanti Inorganics Limited is engaged in the manufacturing and trading of sulphur-based inorganic chemicals used across various industries. Its product portfolio includes sodium metabisulphite, sodium sulphite powder, ammonium bisulphite solution, and sodium bisulphite powder and solutions. These products are widely used as preservatives, reducing agents, oxygen scavengers, and process intermediates in industries such as oil drilling, pharmaceuticals, food and beverages, pulp and paper, and water treatment. The company operates manufacturing facilities in Vatva and Bavla, Ahmedabad, Gujarat, supporting its production capabilities and serving the diverse requirements of industrial customers.
Price Band
₹79 – ₹83
Issue Size
₹569.12 L Cr
Lot Size
1600 shares
GMP
+55.4%
Est. Listing
₹129
at current GMP
Subscribed
142.25x
overall
Open
31 Aug 2026
Close
2 Sep 2026
Allotment
3 Sep 2026
Refund
4 Sep 2026
Demat Credit
5 Sep 2026
Listing
7 Sep 2026
Overall Subscription
142.25x
Total Demand
QIB Multiplier
130.97x
Institutions & Funds
NII / HNI
195.88x
High Net-Worth
Retail (RII)
125.72x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,081,600 | 141,654,400 | 130.97x |
| NIB | 811,200 | 158,900,800 | 195.88x |
| HNIs(10L +) | 540,800 | 116,860,800 | 216.09x |
| HNIs (2-10L) | 270,400 | 42,040,000 | 155.47x |
| RETAIL | 1,894,400 | 238,160,000 | 125.72x |
| Total | 4,598,400 | 697,616,000 | 142.25x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 93 | 0.00x |
| NIB | — | 17,268 | 0.00x |
| RETAIL | 592 | 74,425 | 125.72x |
| HNIs(10L +) | 113 | 8,914 | 78.88x |
| HNIs (2-10L) | 56 | 8,354 | 149.18x |
| Total Applications | 761 | 109,054 | 143.30x |
Shanti Inorganics Limited is bringing an initial public offering (IPO) in the Chemicals sector with an aggregate issue size of ₹56,91,200 Crores. The shares are offered at a price band of ₹79 to ₹83 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,32,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-09-05, while un-allotted funds or UPI block mandates will be released on 2026-09-04.
The Shanti Inorganics Limited IPO aggregate issue size is ₹56,91,200 Crores with an equity price band set at ₹79 to ₹83 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,32,800.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-09-03.