{"id":222812,"date":"2026-08-31T10:47:09","date_gmt":"2026-08-31T05:17:09","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=222812"},"modified":"2026-08-31T10:47:11","modified_gmt":"2026-08-31T05:17:11","slug":"shanti-inorganics-initial-public-offering-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/","title":{"rendered":"Shanti Inorganics Initial Public Offering Opens August 31: Price Band Rs 79-83, Rs 47.24 Crore NSE SME Issue"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Shanti Inorganics IPO opens Aug 31, closes Sep 2, 2026. Price band Rs 79-83\/share. Issue size ~Rs 47.24 Cr. Lot size 1,600 shares. NSE SME listing tentatively Sep 7, 2026.<\/em><\/p>\n<div style=\"background: #F0F9FF; border-left: 4px solid #2E7D32; border-radius: 6px; padding: 14px 18px; margin: 18px 0;\">\n<p style=\"margin: 0; color: #1f4e79; font-size: 14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin: 8px 0 0;\">Shanti Inorganics initial public offering opens for subscription on August 31, 2026 and closes on September 2, 2026, with a price band of Rs 79 to Rs 83 per equity share. The issue aims to raise approximately Rs 47.24 crore, with shares proposed to list on the NSE SME platform.<\/p>\n<\/div>\n<p>Shanti Inorganics Limited&#8217;s initial public offering opens for subscription on August 31, 2026 and closes on September 2, 2026, with a price band fixed at Rs 79 to Rs 83 per equity share. The issue is a book-built offer of 56,91,200 equity shares of Rs 10 face value each, aggregating up to Rs 47.24 crore at the upper price band.<\/p>\n<p>Shanti Inorganics proposes to list its shares on the NSE SME platform, with a tentative listing date of September 7, 2026.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=shantiinorganics-ipo-open\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#About_Shanti_Inorganics\" title=\"About Shanti Inorganics\">About Shanti Inorganics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#Shanti_Inorganics_IPO_Key_Details\" title=\"Shanti Inorganics IPO: Key Details\">Shanti Inorganics IPO: Key Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#Shanti_Inorganics_Financial_Performance\" title=\"Shanti Inorganics Financial Performance\">Shanti Inorganics Financial Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#Understanding_Sulphur-Based_Inorganic_Chemicals\" title=\"Understanding Sulphur-Based Inorganic Chemicals\">Understanding Sulphur-Based Inorganic Chemicals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#Business_Strengths_Highlighted_by_the_Company\" title=\"Business Strengths Highlighted by the Company\">Business Strengths Highlighted by the Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#Key_Risks_and_Considerations\" title=\"Key Risks and Considerations\">Key Risks and Considerations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#FAQs_on_Shanti_Inorganics_Initial_Public_Offering\" title=\"FAQs on Shanti Inorganics Initial Public Offering\">FAQs on Shanti Inorganics Initial Public Offering<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#When_does_the_Shanti_Inorganics_initial_public_offering_open\" title=\"When does the Shanti Inorganics initial public offering open?\">When does the Shanti Inorganics initial public offering open?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#What_is_the_price_band_for_the_Shanti_Inorganics_IPO\" title=\"What is the price band for the Shanti Inorganics IPO?\">What is the price band for the Shanti Inorganics IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#What_does_Shanti_Inorganics_manufacture\" title=\"What does Shanti Inorganics manufacture?\">What does Shanti Inorganics manufacture?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#What_is_the_issue_size_of_the_Shanti_Inorganics_IPO\" title=\"What is the issue size of the Shanti Inorganics IPO?\">What is the issue size of the Shanti Inorganics IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#Where_will_Shanti_Inorganics_shares_be_listed\" title=\"Where will Shanti Inorganics shares be listed?\">Where will Shanti Inorganics shares be listed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#What_is_Shanti_Inorganics_export_exposure\" title=\"What is Shanti Inorganics&#8217; export exposure?\">What is Shanti Inorganics&#8217; export exposure?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/shanti-inorganics-initial-public-offering-2026\/#Should_I_subscribe_to_the_Shanti_Inorganics_IPO\" title=\"Should I subscribe to the Shanti Inorganics IPO?\">Should I subscribe to the Shanti Inorganics IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"About_Shanti_Inorganics\"><\/span><strong>About Shanti Inorganics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track upcoming SME IPO listings on the Univest Screener<\/strong><\/a><\/p>\n<p>Shanti Inorganics Limited manufactures and supplies sulphur-based inorganic chemicals, including ammonium bisulphite, sodium bisulphite (powder and solution), sodium metabisulphite, and sodium sulphite anhydrous. These chemicals are used as preservatives, reducing agents, oxygen scavengers, and process intermediates across end markets including food and beverages, water treatment, oil drilling, pharmaceuticals, and chemicals.<\/p>\n<p>The company holds one of the largest domestic production capacities for bisulphites, with a capacity of 18,800 metric tonnes per annum (MTPA). Shanti Inorganics serves both domestic and international markets, with exports contributing 42.57% of revenue from operations in FY2026, and products exported across 15 countries. As of May 31, 2026, the company had 66 employees. The company is promoted by Manojkumar Jayantilal Patel and Avnish Manojkumar Patel.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shanti_Inorganics_IPO_Key_Details\"><\/span><strong>Shanti Inorganics IPO: Key Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse; margin: 16px 0;\">\n<thead>\n<tr>\n<th style=\"background: #1F4E79; color: #fff; padding: 8px 12px; text-align: left;\">Parameter<\/th>\n<th style=\"background: #1F4E79; color: #fff; padding: 8px 12px; text-align: left;\">Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">IPO Open Date<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">August 31, 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">IPO Close Date<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">September 2, 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Price Band<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Rs 79 to Rs 83 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Face Value<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Lot Size<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">1,600 shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Minimum Investment (Retail)<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Rs 2,65,600 (at upper price band)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Total Issue Size<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">~Rs 47.24 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Listing Platform<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">NSE SME<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Tentative Allotment Date<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">September 3, 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Tentative Listing Date<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">September 7, 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Lead Manager<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Vivro Financial Services Private Limited<\/td>\n<\/tr>\n<tr>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">Registrar<\/td>\n<td style=\"padding: 8px 12px; border-bottom: 1px solid #ddd;\">KFin Technologies Limited<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Shanti_Inorganics_Financial_Performance\"><\/span><strong>Shanti Inorganics Financial Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Shanti Inorganics&#8217; revenue increased by 25% and profit after tax rose by 28% between the financial years ending March 31, 2026 and March 31, 2025, reflecting steady growth alongside margin improvement.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Understanding_Sulphur-Based_Inorganic_Chemicals\"><\/span><strong>Understanding Sulphur-Based Inorganic Chemicals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sulphur-based inorganic chemicals such as the bisulphites and metabisulphites manufactured by Shanti Inorganics serve as versatile industrial inputs. In food and beverage applications, they act as preservatives and antioxidants. In water treatment, they function as dechlorinating and oxygen-scavenging agents. In oil drilling operations, they help control bacterial growth and corrosion. This broad application base across multiple industries provides Shanti Inorganics with diversified demand drivers rather than dependence on a single end-user sector.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Business_Strengths_Highlighted_by_the_Company\"><\/span><strong>Business Strengths Highlighted by the Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Shanti Inorganics has highlighted several strengths in its offer documents, including geographical diversification through exports to international markets, long-standing relationships with diversified customers across multiple industries, strategically located production facilities with access to abundant raw material resources and long-term supplier relationships, certifications and compliance with quality and food safety standards, and an experienced promoter and senior management team with extensive domain knowledge.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_and_Considerations\"><\/span><strong>Key Risks and Considerations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As a chemical manufacturer with significant export exposure, Shanti Inorganics&#8217; revenue can be affected by currency fluctuations and international trade dynamics. The company&#8217;s raw material costs, linked to sulphur and related input prices, can also introduce margin volatility. As with any SME listing, investors should be mindful that SME-listed shares typically trade with lower liquidity compared to mainboard listings. Prospective investors should review the complete Red Herring Prospectus for a full list of risk factors before applying.<\/p>\n<p>Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified, or endorsed by SEBI, NSE, or BSE, can vary widely between trackers, and is not always accurate. Investors interested in checking informally reported premium levels may refer to independent trackers such as InvestorGain.com or Chittorgarh.com, treating this data as supplementary only.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Shanti Inorganics&#8217; initial public offering, opening August 31 and closing September 2, 2026, offers investors exposure to a specialised sulphur-based inorganic chemicals manufacturer with meaningful export diversification and consistent financial performance. Prospective investors should review the full Red Herring Prospectus and assess the company&#8217;s export and raw material cost exposure before subscribing. This article does not constitute subscription advice. Consult a SEBI-registered financial advisor before applying for any IPO.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track IPO subscription status and listing updates.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Shanti_Inorganics_Initial_Public_Offering\"><\/span><strong>FAQs on Shanti Inorganics Initial Public Offering<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Shanti_Inorganics_initial_public_offering_open\"><\/span><strong>When does the Shanti Inorganics initial public offering open?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Shanti Inorganics initial public offering opens for subscription on August 31, 2026 and closes on September 2, 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_price_band_for_the_Shanti_Inorganics_IPO\"><\/span><strong>What is the price band for the Shanti Inorganics IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The price band for the Shanti Inorganics initial public offering is fixed at Rs 79 to Rs 83 per equity share, with a lot size of 1,600 shares.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Shanti_Inorganics_manufacture\"><\/span><strong>What does Shanti Inorganics manufacture?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Shanti Inorganics manufactures sulphur-based inorganic chemicals including ammonium bisulphite, sodium bisulphite, sodium metabisulphite, and sodium sulphite anhydrous, used as preservatives, reducing agents, and oxygen scavengers across food, water treatment, oil drilling, and pharmaceutical industries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_issue_size_of_the_Shanti_Inorganics_IPO\"><\/span><strong>What is the issue size of the Shanti Inorganics IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Shanti Inorganics initial public offering aims to raise approximately Rs 47.24 crore through a book-built offer of 56,91,200 equity shares.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_will_Shanti_Inorganics_shares_be_listed\"><\/span><strong>Where will Shanti Inorganics shares be listed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Shanti Inorganics shares are proposed to list on the NSE SME platform, with a tentative listing date of September 7, 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Shanti_Inorganics_export_exposure\"><\/span><strong>What is Shanti Inorganics&#8217; export exposure?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Exports contributed 42.57% of Shanti Inorganics&#8217; revenue from operations in FY2026, with products exported across 15 countries, providing meaningful geographical diversification.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_subscribe_to_the_Shanti_Inorganics_IPO\"><\/span><strong>Should I subscribe to the Shanti Inorganics IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Whether to subscribe depends on individual risk tolerance, valuation assessment, and a thorough review of the Red Herring Prospectus. This article does not constitute subscription advice. Consult a SEBI-registered financial advisor before applying for any IPO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shanti Inorganics initial public offering opens August 31 and closes September 2, 2026, with a price band of Rs 79-83 per share, raising around Rs 47.24 crore. 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