Shanti Inorganics IPO Day 3: Subscription Closes Today, 2 September 2026

Shanti Inorganics IPO closes today, 2 Sep 2026, 5 PM. Subscribed near 14.04x so far, the strongest of the day's closing SME IPOs. Price band Rs 79-83. Lists on NSE SME.

Updated: 2 Sept 2026 • 11:37 am

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Quick Answer

The Shanti Inorganics IPO is on its closing day, 2 September 2026, with bidding shutting at 5 PM today. The Shanti Inorganics IPO overall subscription has run up to around 14.04 times so far, making it the strongest performer among the SME issues closing today. Retail and non-institutional investors have driven much of the early demand for the issue, and qualified institutional bids in the final hours could push the closing figure meaningfully higher. Investors should track the live numbers on NSE before the deadline.

Shanti Inorganics, a manufacturer of sulphur based inorganic chemicals such as bisulphites and metabisulphites, has reached Day 3, the final day of its SME IPO subscription window, which opened on 31 August 2026 and closes today, 2 September 2026. The issue is a book built issue worth Rs 47.24 crore, comprising entirely a fresh issue of shares, and will list on the NSE SME platform.

The issue has drawn robust demand through its three day bidding window, with the overall subscription climbing to around 14.04 times by the closing session. This places the issue well ahead of several other issues in the market this week, reflecting strong investor appetite for the offer.

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Table of Contents

Shanti Inorganics IPO Details

The table below sets out the key parameters of the issue.

Open Date	31 August 2026
Close Date	2 September 2026
Price Band	Rs 79 to Rs 83 per share
Lot Size	1,600 shares
Issue Size	Rs 47.24 crore (entirely fresh issue)
Issue Type	Book Built Issue, SME
Listing At	NSE SME
Allotment Date	3 September 2026
Listing Date	7 September 2026

Shanti Inorganics IPO Subscription Status Day 3

The issue reserves roughly 50 percent of the issue for QIBs, 15 percent for NII and 35 percent for retail investors. The table below shows the overall subscription position as bidding heads into its final hours.

Session	Overall Subscription
Day 1 to Day 2	Building steadily
Day 3, closing day so far (2 Sep)	Around 14.04 times

Category wise QIB, NII and retail figures for the issue continue to update on the NSE portal through the closing session. With overall demand already running well into double digits, the issue looks set to close comfortably oversubscribed, though the exact final multiple will only be clear after 5 PM today.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Shanti Inorganics IPO

Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
Select the issue on your broker app or net banking portal and enter your bid quantity and price within the Rs 79 to Rs 83 band, in multiples of 1,600 shares.
Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
Approve the UPI mandate on your phone well before the 5 PM cut off today, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

Conclusion

The issue has emerged as one of the more strongly subscribed issues closing today, running at around 14.04 times overall ahead of the 5 PM deadline. Investors should review the company financials and risk factors in the RHP on nseindia.com before applying to the issue.

Disclaimer: 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).

What is the Shanti Inorganics IPO subscription status on Day 3?

Ans. On Day 3, the closing day, 2 September 2026, the issue overall subscription stands at around 14.04 times, making it one of the more strongly subscribed issues closing today.

When does the Shanti Inorganics IPO close?

Ans. The issue closes for subscription today, 2 September 2026, at 5 PM, having opened on 31 August 2026.

What is the Shanti Inorganics IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

What is the Shanti Inorganics IPO price band and lot size?

Ans. The issue price band is Rs 79 to Rs 83 per share, with a lot size of 1,600 shares, taking the minimum retail investment to about Rs 2,65,600 for two lots.

How do I apply for the Shanti Inorganics IPO before it closes?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 1,600 shares and approving the UPI mandate before the 5 PM cut off today.

When will the Shanti Inorganics IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 3 September 2026, with listing on NSE SME tentatively scheduled for 7 September 2026.

Why has the Shanti Inorganics IPO seen strong subscription?

Ans. The issue has drawn steady demand through all three bidding days, pushing the overall subscription to around 14.04 times by the closing session, well ahead of several other issues closing this week.