Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Shanti Inorganics Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on to raise funds through Initial Public Offer (IPO).
Shanti Inorganics Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.50 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Vivro Financial Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Shanti Inorganics IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 50,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 50,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,15,56,200 shares |
| Share Holding Post Issue | 1,65,56,200 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Sep 26, 2025 |
| SEBI/Exchange approval received |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Shanti Inorganics Ltd. is engaged in the business of manufacturing and trading of sulphur based inorganic chemicals.
The product portfolio consists of ammonium bisulphite, sodium bisulphite solutions, sodium meta/ bisulphite, and sodium sulphite powder, which are primarily used as preservatives, reducing agents, oxygen scavengers and process intermediates across multiple industries such as oil drilling, pharmaceuticals, food and beverages, pulp & paper and water treatment.
The company's manufacturing facilities are located at plot no. 2015, phase III, GIDC, Vatva, Ahmedabad – 382445, Gujarat, India (“Vatva Unit” or “Manufacturing Unit – I”) and plot no. 5/A & 5/B Sankalp industrial estate, Village: Chiyada, Ta.: Bavla, Ahmedabad (“Bavla Unit” or “Manufacturing Unit – II”).
Products:
Competitive Strengths:
Shanti Inorganics Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 61% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 66.04 | 52.69 | 27.57 |
| Total Income | 58.46 | 45.06 | 46.50 |
| Profit After Tax | 8.26 | 5.12 | 4.60 |
| EBITDA | 12.11 | 8.73 | 6.97 |
| NET Worth | 25.86 | 17.60 | 12.49 |
| Reserves and Surplus | 25.23 | 16.97 | 11.85 |
| Total Borrowing | 25.38 | 24.34 | 5.63 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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; | 43.00 |
| 2 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 38.00% |
| ROCE | 27.20% |
| Debt/Equity | 0.98 |
| RoNW | 38.00% |
| PAT Margin | 14.13% |
| EBITDA Margin | 21.21% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 83.65% |
Lead Manager Reports
Shanti Inorganics IPO is a SME IPO of 50,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Shanti Inorganics IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shanti Inorganics IPO using UPI as a payment gateway. Zerodha customers can apply in Shanti Inorganics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shanti Inorganics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shanti Inorganics IPO dates are not announced. Please check back again after some time.
Shanti Inorganics IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shanti Inorganics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shanti Inorganics IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shanti Inorganics IPO allotment status.
The Shanti Inorganics IPO listing date is not yet announced. The tentative date of listing is .
