Shanti Inorganics Limited
SMESHANTIINOR • BSE, NSE
Issue details
Price band
₹79 - ₹83
Lot size
1,600 shares
Issue size
₹33.8 Cr
Min. investment
₹1,32,800
Registrar
KFin Technologies
Subscription
132.30x · 91,786 applications
Grey market premium
Est. gain+₹54 · 65%
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IPO Timeline
Open
31 Aug
Close
2 Sep
Allotment
3 Sep
Listing
7 Sep
- Refunds & demat credit
- 4 Sep 2026
- Mandate end
- 17 Sep 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 1,600shares 1 lot · ₹1,32,800 | 1,600shares 1 lot · ₹1,32,800 |
| HNI | 3,200shares 2 lots · ₹2,65,600 | No limit funds permitting |
Based on the upper price band of ₹83 and a lot of 1,600 shares.
Subscription
| Quota | Shares offered | Shares bid | Applications | Subscribed |
|---|---|---|---|---|
| Total | 40,72,000 | 53,87,15,200 | 91,786 | 132.30x |
Last updated 54 days ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹45 Cr
54,06,400 shares
Shares pre-issue
1,15,56,200
Shares post-issue
1,72,47,400
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 8.84 | 8.7 |
| P/E | 9.39 | 9.54 |
| Market cap | ₹95.92 Cr. | ₹285.53 Cr |
| KPI | May 31, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 5.05% | 27.68% |
| ROCE | 4.45% | 23.40% |
| Debt/Equity | 0.69 | 0.64 |
| RoNW | 5.05% | 27.68% |
| PAT Margin | 15.53% | 14.01% |
| EBITDA Margin | 25.16% | 21.62% |
| NAV | 43.91 | 41.74 |
| Price to Book Value | 1.89 | 1.99 |
Financials
| Metric | 31 May 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total income | 16.1 | 72.93 | 58.46 | 45.06 |
| Profit after tax | 2.5 | 10.22 | 7.99 | 5.12 |
| EBITDA | 4.02 | 15.4 | 12.06 | 8.72 |
| Net worth | 50.74 | 48.24 | 25.6 | 17.6 |
| Assets | 110.73 | 97.04 | 66.04 | 52.69 |
| Reserves & surplus | 39.18 | 36.68 | 24.96 | 16.97 |
| Total borrowing | — | — | 25.38 | 24.34 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 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₹42.5 Cr
- 2.Issue Expenses₹4.74 Cr
What the company says it intends to do with the money raised.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.