NSE List Price : ₹157.70

subscription

Category	Times
QIBs	130.97x
HNIs	195.88x
Retail	125.72x
Total : 142.25x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	3,200	₹265,600
Retail Maximum	2	3,200	₹265,600
S-HNI Minimum	3	4,800	₹398,400
S-HNI Maximum	7	11,200	₹929,600
B-HNI Minimum	8	12,800	₹1,062,400

About the Company

Established in 1998 by Mr. Manoj J. Patel, Shanti Inorganics is an established manufacturer of a diverse range of sulfur-based inorganic chemicals. Its product portfolio comprises ammonium bisulphite, sodium bisulphite solutions, sodium meta/bisulphite, and sodium sulphite powder, which are widely used as preservatives, reducing agents, oxygen scavengers, and process intermediates.

The company caters to a broad range of industries, including oil drilling, pharmaceuticals, food and beverages, pulp and paper, and water treatment. Shanti Inorganics exports more than 60% of its production to over 15 countries. The company operates two advanced manufacturing facilities in Ahmedabad, spread across approximately 28,000 m², featuring modern infrastructure and fully automated plants designed to maintain consistent product quality.

Company Financial Report

_{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

Company Promoter

Manojkumar Jayantilal Patel

Avnish Manojkumar Patel

Know before investing

• • Strengths

  Expanding International Footprint: The company supplies its products to various overseas markets, including the UAE, Malaysia, Qatar, Nigeria, Russia, and other countries. Its presence across multiple international markets supports the growth and diversification of its export business.

  Strategically Located Manufacturing Facilities: The company operates two manufacturing units in Gujarat, situated in Vatva and Bavla, Ahmedabad. These facilities support its production capabilities and enable the company to efficiently serve both domestic and international markets.

• • Risks

  Industry Concentration Risk: A significant share of the company’s revenue is generated from the food and beverages, oil drilling, and chemical industries. Any downturn in these sectors or inability to maintain and expand sales in these industries could negatively impact the company’s business and financial performance.

  Absence of Long-Term Customer Contracts: The company does not have long-term contractual agreements with most of its customers. The loss of key customers or a substantial decline in demand for its products may adversely impact its business operations, financial condition, and cash flows

Objects of the Issue & Utilisation of proceeds

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;.

General Corporate Purposes.

Company  Address

Shanti Inorganics Ltd.
Plot No.-2015,
Phase III GIDC, Vatva
Ahmedabad, Gujarat, 382445
Phone: +91-97277 52562
Email: info@shantiinorganics.com
Website: https://shantiinorganics.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 040-79615565
Email: shanti.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/