Shanti Inorganics Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Shanti Inorganics Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹83
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,32,800
Issue Size
₹47.24 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Shanti Inorganics Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
83.65%
Promoter Holding (Post-Issue)
56.05%
Issue Type
Book Building - SME
ISIN
INE1ZEE01019
About the Company
We are engaged in the business of manufacturing and supply of sulphur based inorganic chemicals. We hold one of the largest domestic production capacities for bisulphites with capacity of 18,800 MTPA. Our product portfolio consists of ammonium bisulphite solution, sodium bisulphite powder or solution, sodium meta bisulphite and sodium sulphite powder anhydrous, which are primarily used as preservatives, reducing agents, oxygen scavengers and process intermediates across multiple industries such as food and beverages, chemicals, oil drilling, pharmaceuticals, ceramics, agrochemicals, water treatment, petrochemicals, cosmetics, paints, polymers, boilers and mining. In the inorganic chemical industry, products are categorized into multiple purity levels based on their applications, including, food grade and technical grade.
Company History
Our Company was incorporated as "Shanti Inorgo Chem (Guj) Private Limited" as a private limited company in Ahmedabad, Gujarat under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated January 13, 2010, issued by the Registrar of Companies, Gujarat. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at the Extra Ordinary General Meeting held on January 27, 2025, and the name of our Company changed from "Shanti Inorgo Chem (Guj) Private Limited" to "Shanti Inorgo Chem (Guj) Limited". A fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company dated March 1, 2025, was issued by the Registrar of Companies, Central Processing Centre. Further, pursuant to resolutions passed by our Board of Directors in their meeting held on April 4, 2025, and Shareholder's Resolution passed on April 5, 2025, our Company's name was further changed from "Shanti Inorgo Chem (Guj) Limited" to "Shanti Inorganics Limited" and a fresh certificate of incorporation dated May 6, 2025, was issued by the Registrar of Companies, Central Processing Centre. The Corporate Identity Number of our Company is U24100GJ2010PLC059218.
Growth Strategy
- Expansion of manufacturing capacity to support growth initiatives.
- Investment in new plant and machineries for enhanced productivity and cost efficiency.
- Continue to build our international and domestic customer base and geographic expansion into high-value western markets.
- Strategic expansion into new end-user industry segments.
- Strengthen and expand our sales and distribution network in India and international market.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 56,91,200 equity shares of face value of Rs.10/- each of Shanti Inorganics Limited (formerly known as `Shanti Inorgo Chem (GUJ) Private Limited' and `Shanti Inorgo Chem (GUJ) Limited)', ("SIL" or "Shanti" or the "Company" or the "Issuer") for cash at a price of Rs. 83 per equity share including a share premium of Rs. 73 per equity share (the "Issue Price") aggregating to Rs. 47.24 Crores ("The Issue"), of which 2,84,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 83 per equity share including a share premium of Rs. 73 per equity share aggregating to Rs. 2.36 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 54,06,400 equity shares of face value of Rs.10/- each at a price of Rs. 83 per equity share including a share premium of Rs. 73 per equity share aggregating to Rs. 44.87 Crores is hereinafter referred to as the "Net issue". The issue and the net issue will constitute 33.00% and 31.35%, respectively, of the post issue paid up equity share capital of the company. Price Band: Rs. 83 per equity share of face value of Rs. 10 each. The floor price is 8.3 times the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Geographical diversification through exports to international market.
- Long standing relationship with diversified customers across multiple industries.
- Strategically located production facilities with access to abundant resources of raw materials and longterm relationships with suppliers.
- Certifications and compliance with quality and food safety standards.
- Experienced Promoters and Senior Management with extensive domain knowledge.
- The company derives a substantial portion of its revenue from the food and beverages, oil drilling and chemical industries. Consequently, any material decline in the performance of the food and beverages, oil drilling and chemical industries, or the company's failure to sustain, grow, or efficiently manage its sales within these industries may materially and adversely affect the company's business operations, financial condition and results of operations.
- The Company derives revenue from diversified customers. Its inability to acquire new customers or loss of all or a substantial portion of any of the company's major customers, for any reason and/or continued reduction of the business from them, could have a material adverse impact on the company's business, results of operations, cash flows and financial condition.
- The company does not maintain long-term contractual arrangements with the majority of its customers. As a result, the loss of one or more key customers, or any significant reduction in their demand for the company's products, could materially and adversely affect its business operations, financial condition, results of operations and cash flows.
- Certain entities forming part of the company's Group Companies, are in the same line of business as its. There are no non-compete agreements between the Company and such Group Companies. The company cannot assure that the said entity will not expand which may increase its competition, which may adversely affect the company's business operations and financial condition.
- The company operates in a competitive industry, and increasing competition may adversely affect its business, financial condition and results of operations.