Shanti Inorganics IPO
The Shanti Inorganics IPO was a ₹47.24 crore SME issue (fresh issue only), open for bidding from 31 Aug to 2 September 2026 at a price band of ₹79 to ₹83. The final issue price was ₹83. Investors bid for 53,87,15,200 shares through 91,786 applications. Shares listed on NSE SME on 7 September 2026 at ₹157.70, 90.0% above the issue price, and closed the first day at ₹165.55.
- Listing gain at open
- +90.0%₹157.70 vs ₹83
- Issue price
- ₹83Band ₹79 to ₹83
- Lot size
- 1,600 sharesMinimum ₹2,65,600
- Issue size
- ₹47.24 crore
- Subscribed
- Not available
- Listed
- 7 Sep 2026NSE SME
Price and lots
Shanti Inorganics IPO details
NSE issue details| Bidding dates | 31 Aug 2026 to 2 Sep 2026 |
| Listing date | 7 September 2026 |
| Price band | ₹79 to ₹83 |
| Final issue price | ₹83 |
| Face value | ₹10 per share |
| Lot size | 1,600 shares, minimum 2 lots for individuals |
| Minimum investment | ₹2,65,600 (3,200 shares, our calculation) |
| Issue size | ₹47.24 crore (our calculation from the NSE issue details) |
| Type of issue | Book Building, Fresh issue only |
| Listed on | NSE SME |
| NSE symbol | SHANTIINOR |
| ISIN | INE1ZEE01019 |
| Lead managers | Vivro Financial Services Private Limited |
| Registrar | KFin Technologies Limited |
Subscription and listing
Shanti Inorganics IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details| Category | Shares bid | Applications |
|---|---|---|
| QIBs | 14,16,54,400 | 93 |
| Non-institutional | 15,89,00,800 | 17,268 |
| Individual investors | 23,81,60,000 | 74,425 |
| Total | 53,87,15,200 | 91,786 |
For this SME issue NSE publishes shares bid and applications by category, not times subscribed.
Listing day
Our calculation: gains vs issue price| NSE | |
|---|---|
| Open | ₹157.70 |
| High | ₹165.55 |
| Low | ₹150.00 |
| Close | ₹165.55 |
| Gain at open | +90.0% |
| Gain at close | +99.5% |
| Shares traded | 34,41,600 |
Latest: closed at ₹182.60 on NSE on 6 November 2026, +120.0% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Shanti Inorganics IPO compares
Our calculation: 2026 SME IPOs on IPO24by7Among 78 SME IPOs of 2026 on our tracker, its listing gain of 90.0% at open ranks 3rd of 75. By issue size it ranks 40th. The median listing-day gain at open for SME IPOs this year is +1.0%. See all 2026 IPOs with listing gains or the IPO calendar for September 2026.
Other SME IPOs listed in September 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| Coreintegra Consulting Services | 30 Sep 2026 | ₹78 | - | +0.1% |
| Pooja Logistics | 30 Sep 2026 | ₹115 | - | +2.6% |
| Axiom Gas Engineering | 25 Sep 2026 | ₹54 | - | +1.4% |
| Kheria Autocomp | 24 Sep 2026 | ₹101 | - | +3.9% |
| SpectraA Technology Solutions | 24 Sep 2026 | ₹118 | - | +90.0% |
| Vinod Texworld | 17 Sep 2026 | ₹94 | - | 0.0% |
Allotment
Shanti Inorganics IPO allotment status
- Open the registrar's pageKFin Technologies Limited is the registrar. Open its allotment page.
- Select Shanti Inorganics LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Shanti Inorganics IPO FAQs
What was the Shanti Inorganics IPO price band?
The price band was ₹79 to ₹83 per share and the final issue price was ₹83. The face value is ₹10 per share.
What was the Shanti Inorganics IPO lot size?
One lot was 1,600 shares. Individual investors had to apply for at least 2 lots, so the minimum was ₹2,65,600.
What was the Shanti Inorganics IPO listing price?
It opened at ₹157.70 on NSE SME on 7 September 2026, a gain of 90.0% over the issue price of ₹83 (our calculation). It closed the day at ₹165.55.
How do I check Shanti Inorganics IPO allotment status?
KFin Technologies Limited is the registrar. Select Shanti Inorganics Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Shanti Inorganics IPO a fresh issue or an offer for sale?
Fresh issue only, as stated in the NSE issue details.
Who were the lead managers of the Shanti Inorganics IPO?
Vivro Financial Services Private Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.