Shanti Inorganics IPO

Shanti Inorganics Limited is an upcoming issue, offered in a price band of ₹79 to ₹83 per share, in lots of 3200 shares. Every figure below is taken from the issue's own filings and exchange disclosures.

Issue details

Price band

₹79 – ₹83

Lot size

3200 shares

Minimum investment

₹2,65,600

Issue size

₹47.24 Cr

Fresh issue

₹41.5 Cr

Offer for sale

—

Opens

31 Aug 2026

Closes

2 Sept 2026

Listing date

7 Sept 2026

Registrar

Kfin Technologies Ltd.

Symbol

SHANTIINOR

One lot of 3200 shares at the upper band price of ₹83 is ₹2,65,600 — the smallest retail application this issue accepts.

Lead managers: Vivro Financial Services Pvt. Ltd.

Reported financials

As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.

Strengths disclosed in the offer document

• The company exports its products to various geographies, demonstrating geographical diversification.
• The company has long-standing relationships with a diverse customer base across multiple industries.
• The company's manufacturing facilities are strategically located near key raw material suppliers.
• The company holds several quality certifications, including ISO 9001:2015, NSF, Kosher, Halal, and HACCP.
• The company's management team has significant experience in the inorganic chemical industry.
• The company has demonstrated consistent business growth and financial performance.
• The company is expanding its manufacturing capacity to meet increasing demand and enhance operational efficiency.

Risk factors disclosed in the offer document

• The company derives a substantial portion of its revenue from the food and beverages, oil-field, and chemical industries, making it vulnerable to declines in these sectors.
• The company's inability to acquire new customers or retain existing major customers could materially impact its business.
• The company does not maintain long-term contractual arrangements with most customers, increasing the risk of losing key customers.
• A substantial portion of revenue is derived from exports, exposing the company to risks associated with international markets.
• A significant increase in raw material costs, not matched by product pricing, could adversely affect profit margins.
• The company has not made long-term supply arrangements with suppliers, creating a risk of material adverse effects on operations and profitability.
• Any disturbance, slowdown, or shutdown of the company's manufacturing facilities could adversely impact its business operations and financial conditions.

These are the company's own disclosures, not Alphave's assessment. Read the offer document →

What this page will not tell you

Whether to apply

Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.

What it will list at

Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.

Your allotment

Allotment is decided by the registrar (Kfin Technologies Ltd.) after the issue closes. Track the whole calendar in the IPO Centre.

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