Shanti Inorganics Limited
Promoters Manojkumar Jayantilal Patel · Avnish Manojkumar Patel
Against an issue price of ₹83. Split- and bonus-adjusted official closes — a past move, never a forecast.
Shanti Inorganics Limited raised ₹47 crore through a SME-platform initial public offer.
The filing places it in Chemicals & Petrochemicals and names two promoters: Manojkumar Jayantilal Patel and Avnish Manojkumar Patel.
The book was open from 31 August 2026 to 2 September 2026.
The issue was priced at ₹83 a share, from a band of ₹79 to ₹83.
The whole offer is a fresh issue of shares — ₹47 crore raised by the company itself.
The issuer reported the offer subscribed 132.0 times the shares on offer. That is its own final figure, filed with the exchange after the book closed — not a reading we took while bidding was open.
5 anchor investors were allotted shares before the book opened, worth ₹13 crore.
The shares listed on 7 September 2026.
The last official close on file is ₹185 (11 September 2026), which is 122.8% above the issue price.
It now trades as SHANTIINOR, and its filed financials are on its company page.
Shares sold in the issue at ₹83 last closed at ₹184.95.
See SHANTIINOR’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
No offer-for-sale leg — every share in this offer is newly issued, so the whole amount raised goes to the company.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- NSE
- Designated exchange
- NSE
- Discount
- None offered
- Registered office
- Western India
- Company website
- https://shantiinorganics.com/
- Registrar
- KFin Technologies Limited
- Lead manager
- Vivro Financial Services Private Limited
- Bidding opens31 Aug 2026
- Bidding closes2 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing7 Sept 2026
This is the issuer’s own final figure, filed with the exchange once bidding had closed — not a reading we took while the book was open. The exchange publishes only a running cumulative figure and no history, so for an issue nobody polled live this filing is the only account of the book that exists. It covers the whole offer and carries no breakdown by category and no timestamp.
A snapshot WE took while the book was still open, not the final figure. It is earlier than the filed number above and can only be lower — never quote the two as one measurement. Taken 3 Sept 2026, 7:00 pm IST.
- Anchor investors28.5%16,19,200 sh
- Qualified institutional buyers19.0%10,81,600 sh
- Non-institutional investors14.3%8,11,200 sh
- Retail individual investors33.3%18,94,400 sh
- Market maker5.0%2,84,800 sh
No part of the offer was set aside for reserved portion or other.
The portion of the offer set aside for each category before bidding opened, as the issuer filed it. The anchor allocation is filed as its own line rather than inside the institutional one, so these add up to the whole offer. Shares as filed; the percentages are computed against the offer's own share count.
Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.
The columns are near-identical because they are: demand falls only 0.09% between ₹79 and ₹83, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.
These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.
How much of the demand falls away between the bottom and the top of the band.
Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.
Anchor investors are institutions allotted shares one working day before public bidding opens, at a price fixed then. Their shares are locked in for a set period.
| INDIA MAX INVESTMENT FUND LIMITED | ₹5 cr |
| TATTVAM AIF TRUST - AANJAY AGELESS AIF FUND | ₹4 cr |
| FINWAVE GLOBAL OPPORTUNITIES FUND | ₹2.4 cr |
| KHANDELWAL FINANCE PRIVATE LIMITED . | ₹1 cr |
| TIGER STRATEGIES FUND -I | ₹1 cr |
From the issuer’s anchor allotment filing. A record of who was allotted what — not a recommendation.
- Anchor investors — first trancheSEBI ICDR 2018 Reg. 32(5)(b) — 50% of the anchor allocation, 30 days from allotment7 Oct 202650% of this tranche
- Anchor investors — second trancheSEBI ICDR 2018 Reg. 32(5)(a) — the remaining 50% of the anchor allocation, 90 days from allotment6 Dec 202650% of this tranche
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment7 Mar 2027whole tranche releases on this date
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment7 Mar 2028whole tranche releases on this date
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
The "Basis for Offer Price" chapter states the earnings the price was set against and the multiples it implies. We have not extracted it for this issue — several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Vivro Financial Services Private Limited 2024 – 2026 | 7 1 measurable | +99.5% | — | — | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Kfin Technologies Limited 2021 – 2026 | 120 24 measurable | +7.8% | 8 of 13 | 2 of 5 | 2 of 5 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Red herring prospectus (RHP)· ZIP · exchange archive21 Aug 2026
- Red herring prospectus (RHP)· ZIP · exchange archive
- Draft red herring prospectus (DRHP)· ZIP · exchange archive26 Sept 2025
- Anchor investor allotment· ZIP · exchange archive
- Financial ratios advertisement· ZIP · exchange archive
- In-principle approval (XBRL)· XML · exchange archive
- Listing filing (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.