Shanti Inorganics IPO
SMEShanti Inorganics manufactures and supplies inorganic chemicals and specialty compounds used across diverse industrial and manufacturing applications.
Verdict: Apply for listing gains
Est. GMP
+₹54 (+65%)
Price range
₹83
Lot size
—
Issue size
—
Allotment
03 Sept
Listing
07 Sept
Review
1. Grey market premium
★★★★★The GMP sits around 65%, signaling strong listing-day appetite in the grey market.
2. Company financials
★★★★★Shows standard revenue growth for an SME chemical manufacturer with moderate operating margins.
3. Subscription status
★★★★★Demand was robust across categories during the bidding window.
4. Anchor investors
★★★★★Typical SME issue structure with limited institutional anchor participation.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹45.06 | ₹38.20 | ₹5.12 | ₹52.69 |
| 2025 | ₹58.46 | ₹47.69 | ₹7.99 | ₹66.04 |
| 2026 | ₹72.93 | ₹59.11 | ₹10.22 | ₹97.04 |
| May 2026 | ₹16.10 | ₹12.73 | ₹2.50 | ₹110.73 |
Subscription
Anchor investors
| Anchor size | 13.44 Cr. |
| Shares offered | 16,19,200 Shares |
| Bidding date | August 28, 2026 |
| Lock-in ends (50%, 30 days) | Oct 3, 2026 |
| Lock-in ends (50%, 90 days) | Dec 2, 2026 |
Risks
- RegulatoryOperations depend heavily on stringent environmental clearances and hazardous material handling compliances.
- CyclicalMargins are exposed to volatility in basic chemical commodity prices and supply chain disruptions.
- ConcentrationA substantial portion of revenue is tied to a small cluster of industrial clients.
- FinancialWorking capital requirements are high due to inventory holding and extended credit terms.