Shanti Inorganics IPO: GMP, Price, Valuation, Strengths & Risks You Must Know

Shanti Inorganics IPO: GMP, Price, Valuation, Strengths & Risks You Must Know

Shanti Inorganics IPO is attracting attention in the SME IPO market as the issue opened for subscription on August 31, 2026. The company has fixed the price band at ₹79 to ₹83 per share and plans to raise around ₹47.24 crore through the public issue. Investors can bid for the IPO until September 2, 2026, while the company has scheduled the listing for September 7, 2026 on NSE SME.

Shanti Inorganics IPO Details

Particular	Details
IPO Name	Shanti Inorganics IPO
Issue Size	₹47.24 Crore
Fresh Issue	₹47.24 Crore
Price Band	₹79 – ₹83 per share
Face Value	₹10 per share
Lot Size	1,600 Shares
Minimum Investment	₹1,32,800
IPO Open Date	August 31, 2026
IPO Close Date	September 2, 2026
Allotment Date	September 3, 2026
Refund/Unblocking	September 4, 2026
Demat Credit	September 4, 2026
Listing Date	September 7, 2026
Listing Exchange	NSE SME
Issue Type	Book Built Issue
Registrar	Bigshare Services Pvt. Ltd.
Lead Manager	First Overseas Capital Ltd.

Shanti Inorganics Financial Performance

Particular	FY 2024	FY 2025	FY 2026
Total Income	45.06	58.46	72.93
Revenue from Operations	44.87	57.11	71.22
EBITDA	8.92	13.41	17.11
EBITDA Margin	19.45%	21.12%	21.62%
Profit Before Tax	—	—	—
Profit After Tax (PAT)	5.12	7.99	10.22
PAT Margin	11.41%	14.01%	14.35%
Total Assets	52.69	66.04	97.04
Net Worth	17.60	25.60	48.24
Total Debt/Borrowings	24.34	25.38	30.67
Debt-to-Equity	1.38x	0.99x	0.64x
Current Ratio	1.10x	0.77x	1.24x
ROE / RoNW	34.00%	37.01%	27.68%
ROCE	27.59%	27.16%	23.40%
EPS (₹)	5.03	7.86	9.36

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GMP

Shanti Inorganics IPO GMP: Around ₹31 per share as of September 1, 2026.

At the upper price band of ₹83, the implied market price comes to around ₹114.

GMP indicates positive grey-market sentiment, but it does not guarantee listing gains.

How Will Shanti Inorganics Use IPO Funds?

The company will use around ₹43 crore from the IPO proceeds to develop its new Bavla, Ahmedabad manufacturing facility. The remaining funds will support general corporate purposes.

Company Vision

The company aims to expand its manufacturing capacity and strengthen its position in the inorganic chemicals industry.

Its Bavla expansion can help the company increase production and serve growing customer demand.

The company also sees opportunities in domestic and international markets.

Valuation

At the upper IPO price of ₹83, the issue values the company at a relatively premium level compared with its historical earnings.

Based on FY2026 EPS of around ₹9.36, the IPO’s P/E works out to roughly 8.9x.

The valuation appears reasonable based on current earnings, but investors should also consider the company’s SME status, customer concentration and expansion

Strengths of Shanti Inorganics IPO

Profit Growth: Consistent improvement in profits.
Capacity Expansion: New Bavla facility will boost production.
Established Business: Serves multiple industries.
Wide Applications: Products cater to diverse sectors.
Export Potential: Presence in domestic and global markets.

Risks of Shanti Inorganics IPO

Customer Concentration: Dependence on key customers.
Industry Dependence: Demand may fluctuate across sectors.
Expansion Risk: Project delays may affect growth.
SME Risk: Lower liquidity and higher volatility.
GMP Risk: GMP can change and does not guarantee returns.

Conclusion

The Shanti Inorganics IPO shows good growth potential, supported by rising revenue, profits and planned capacity expansion. However, investors should also consider customer concentration, business risks and SME-market volatility before investing. GMP alone should not drive the investment decision.

FAQs

1. What is the Shanti Inorganics IPO price band?

Ans: The price band is ₹79 to ₹83 per share.

2. What is the Shanti Inorganics IPO GMP?

Ans: The latest available GMP is around ₹31 per share as of September 1, 2026. GMP remains unofficial and can change.

3. When will the Shanti Inorganics IPO close?

Ans: The IPO will close on September 2, 2026.

4. When will Shanti Inorganics shares list?

Ans: The scheduled listing date is September 7, 2026 on NSE SME.

5. What is the lot size of Shanti Inorganics IPO?

Ans: The lot size is 1,600 shares. At ₹83 per share, one lot represents ₹1,32,800.

Disclaimer: This article is for informational purposes only and does not provide investment advice. GMP, prices and market data may change. Investors should conduct their own research before investing.