Shanti Inorganics SME IPO Subscription
ListedUpdated 7 September 2026, 9:15 AM IST· NSE SME
Shanti Inorganics SME IPO subscription closed on 2 September 2026 at 142.25x overall by shares. QIB demand came in at 130.97x, NII at 195.88x, and retail at 125.72x. See Retail, SHNI, and BHNI allotment chances in the…
Shanti Inorganics SME IPO subscription closed on 2 September 2026 at 142.25x overall by shares. QIB demand came in at 130.97x, NII at 195.88x, and retail at 125.72x. See Retail, SHNI, and BHNI allotment chances in the table below.
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Allotment date is 3 September 2026. Listing date on NSE and BSE is 7 September 2026.
Shanti Inorganics SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 31 Aug 2026 | 0.23x | 1.61x | 1.75x | 1.26x |
| Day 2 - 1 Sept 2026 | 1.63x | 3.93x | 5.18x | 3.89x |
| Day 3 - 2 Sept 2026 | 130.97x | 195.53x | 125.72x | 142.17x |
Shanti Inorganics SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Shanti Inorganics SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 125.72x | 1 in 126 |
| SHNI (Rs 2L to Rs 10L) | 149.18x | 1 in 149 |
| BHNI (above Rs 10L) | 78.88x | 1 in 79 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Shanti Inorganics SME IPO Allotment Status page from 3 September 2026 for your result.
Shanti Inorganics SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 83.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 8.98 Cr | Rs 1,175.73 Cr | 130.97x |
| FII | - | Rs 229.07 Cr | - |
| DFI | - | Rs 144.88 Cr | - |
| Mutual Funds | - | Rs 14.05 Cr | - |
| Other | - | Rs 787.73 Cr | - |
| NII | Rs 6.73 Cr | Rs 1,318.88 Cr | 195.88x |
| bNII (above Rs 10L) | Rs 4.49 Cr | Rs 969.94 Cr | 216.09x |
| Corporate | - | Rs 17.17 Cr | - |
| Individual | - | Rs 930.20 Cr | - |
| Other | - | Rs 22.58 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.24 Cr | Rs 348.93 Cr | 155.47x |
| Corporate | - | Rs 5.82 Cr | - |
| Individual | - | Rs 335.89 Cr | - |
| Other | - | Rs 7.22 Cr | - |
| IND | Rs 15.72 Cr | Rs 1,976.73 Cr | 125.72x |
| Total | Rs 31.43 Cr | Rs 4,471.34 Cr | 142.25x |
Shanti Inorganics SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 676 | 93 | 0.14x |
| FII | - | 18 | - |
| DFI | - | 6 | - |
| Mutual Funds | - | 3 | - |
| Other | - | 66 | - |
| NII | 169 | 17,268 | 102.18x |
| bNII (above Rs 10L) | 113 | 8,914 | 78.88x |
| Corporate | - | 113 | - |
| Individual | - | 8,590 | - |
| Other | - | 211 | - |
| sNII (Rs 2L to Rs 10L) | 56 | 8,354 | 149.18x |
| Corporate | - | 139 | - |
| Individual | - | 8,034 | - |
| Other | - | 181 | - |
| IND | 592 | 74,425 | 125.72x |
| Total | 1,437 | 91,786 | 63.87x |
What Do These Subscription Numbers Mean?
142.25x overall by shares means bids covered about 142 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 130.97x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (102.18x by applications). Split: SHNI 149.18x, BHNI 78.88x by applications. SHNI and BHNI allotment is by lottery.
At 125.72x subscription by applications, about 1 in 126 retail applicants may get allotment (~1% chance per application). Retail allotment is also by lottery.
Shanti Inorganics SME IPO GMP After Subscription
GMP for Shanti Inorganics SME stands at Rs 55.00 today, giving an estimated listing price of Rs 138.00 per share.
The GMP has moved up from Rs 25.00 on 24 Aug 2026 to Rs 55.00 on 7 Sept 2026.
A subscription of 142.25x combined with a GMP of 66.27% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Shanti Inorganics SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Shanti Inorganics SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 31 August 2026 |
| IPO Close Date | 2 September 2026 |
| Allotment Date | 3 September 2026 |
| Refund Initiation | 4 September 2026 |
| Share Credit to Demat | 4 September 2026 |
| Listing Date | 7 September 2026 |
| Minimum Investment | Rs 2,65,600.00 |
| Lot Size | 1600 shares |
About Shanti Inorganics SME
Incorporated in 2010 (originally as Shanti Inorgo Chem (Guj) Private Limited), Shanti Inorganics Limited manufactures and trades sulphur-based inorganic chemicals. Its specialized product portfolio includes ammonium bisulphite, sodium bisulphite solution/powder, sodium meta bisulphite, and sodium sulphite anhydrous powder, which serve as reducing agents, preservatives, oxygen scavengers, and chemical process intermediates across diverse industries such as food & beverages, oil drilling, chemicals, pharmaceuticals, ceramics, agrochemicals, and water treatment. The company operates two manufacturing facilities in Gujarat located at GIDC Vatva (18,800 MTPA capacity) and Bavla, Ahmedabad (18,000 MTPA capacity).
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Shanti Inorganics SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Shanti Inorganics SME Details
Issue size, price, financials, and company info
Shanti Inorganics SME GMP
Live grey market premium and listing estimate
Shanti Inorganics SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Shanti Inorganics SME Allotment
Allotment date, chances, and check by PAN
Shanti Inorganics SME Review
SWOT, strengths, risks, and IPO review
Shanti Inorganics SME FAQ
Common questions on dates, GMP, and allotment
Shanti Inorganics SME Registrar
Registrar website and how to check allotment
Shanti Inorganics SME Timeline
Open, close, allotment, and listing dates
Shanti Inorganics SME News
Updates, blogs, and latest IPO news
Shanti Inorganics SME IPO Subscription FAQs
What is Shanti Inorganics SME IPO subscription status today?
Shanti Inorganics SME IPO subscription closed on 2 September 2026 with overall subscription of 142.25x (by shares) as of 9 September 2026, 7:01 PM IST. QIB 130.97x, NII 102.18x, IND 125.72x.
What is the overall subscription of Shanti Inorganics SME IPO?
Shanti Inorganics SME IPO is subscribed 142.25x overall by shares at close on 2 September 2026. QIB 130.97x, NII 102.18x, and IND 125.72x.
What is Shanti Inorganics SME IPO QIB subscription?
Shanti Inorganics SME IPO QIB (Qualified Institutional Buyers) subscription is 130.97x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Shanti Inorganics SME IPO IND subscription?
Shanti Inorganics SME IPO IND subscription is 125.72x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Shanti Inorganics SME IPO NII, SHNI, and BHNI subscription?
Shanti Inorganics SME IPO NII subscription is 102.18x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 149.18x and BHNI (above Rs 10L) at 78.88x.
What are Shanti Inorganics SME IPO retail allotment chances?
At 125.72x subscription by applications, about 1 in 126 retail applicants may get allotment (~1% chance per application). Allotment is by lottery.
What are Shanti Inorganics SME IPO SHNI allotment chances?
At 149.18x subscription by applications, about 1 in 149 SHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 155.47x. Allotment chances use applications, not share volume.
What are Shanti Inorganics SME IPO BHNI allotment chances?
At 78.88x subscription by applications, about 1 in 79 BHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 216.09x. Allotment chances use applications, not share volume.
When is Shanti Inorganics SME IPO allotment date?
Shanti Inorganics SME IPO allotment date is 3 September 2026. Check Shanti Inorganics SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Shanti Inorganics SME IPO subscription close?
Shanti Inorganics SME IPO subscription closed on 2 September 2026. No new applications are accepted after the close.
What is Shanti Inorganics SME IPO GMP today?
Shanti Inorganics SME IPO GMP is ₹55 today (+66.27% over issue price ₹83). See live GMP on the Shanti Inorganics SME IPO GMP Today page.
What is Shanti Inorganics SME IPO issue price and lot size?
Shanti Inorganics SME IPO issue price is ₹83 per share. Lot size is 1600 shares. Minimum investment is ₹2,65,600 per lot (minimum 2 lots for SME). Issue size: ₹41.50 Cr.
When is Shanti Inorganics SME IPO listing date?
Shanti Inorganics SME IPO listing date is 7 September 2026 on NSE and BSE. Allotment is on 3 September 2026.
How does subscription affect Shanti Inorganics SME IPO allotment?
In Shanti Inorganics SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 142.25x overall, competition is very high.
For allotment results from 3 September 2026, visit the Shanti Inorganics SME IPO Allotment Status page. For listing day updates on 7 September 2026, download the IPOwiz App.
Sources
We match Shanti Inorganics SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.