Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Mutual Funds
Invest in Mutual Funds
Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Shanti Inorganics Ltd IPO
Shanti Inorganics Ltd
₹2,52,800 /3200 sharesMinimum investment
IPO details
Minimum investment
₹2,52,800
Price range
₹79 - ₹83
Lot size
1,600
Issue size
47.24 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
31 Aug 2026
IPO open date
2 Sep 2026
IPO close date
3 Sep 2026
Allotment date
3 Sep 2026
Funds unblock or debit
7 Sep 2026
Tentative listing date
About
Founded in
2010
MD/CEO
Mr Manojkumar Jayantilal Patel
Parent organisation
Shanti Inorganics Ltd
Shanti Inorganics Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company claims to have a geographically diversified export presence. Exports contributed Rs 4.66 crore (29.28%), Rs 30.03 crore (42.57%), Rs 30.34 crore (53.83%), and Rs 22.31 crore (50.08%) to revenue from operations in the period ended May 31, 2026, FY26, FY25, and FY24, respectively, with key export markets being Eswatini, Malaysia, the United Arab Emirates, Qatar, Nigeria, Russia, Colombia, Turkey, Puerto Rico, Iraq, Vietnam, Azerbaijan, Egypt, Ghana, and the Philippines.
The company claims to have developed long-term relationships with customers across multiple industries, including food and beverages, chemicals, oil drilling, pharmaceuticals, ceramics, agrochemicals, water treatment, petrochemicals, cosmetics, paints, polymers, boilers, and mining. Four of its customers have been associated with the company for more than five years as of FY26.
The company claims that its manufacturing facilities are strategically located close to industries that generate liquefied sulphur dioxide (SO2), providing access to key raw materials such as liquid SO2, sodium carbonate, sodium hydroxide, and liquid ammonia. According to the company, this proximity helps reduce logistics costs and lead times and, along with its long-term relationships with key suppliers, supports a consistent and cost-effective supply chain.
The company has seen a consistent increase in revenue from operations and PAT. Revenue from operations increased from Rs 44.87 crore in FY24 to Rs 57.10 crore in FY25 to Rs 71.22 crore in FY26, while PAT increased from Rs 5.11 crore in FY24 to Rs 7.99 crore in FY25 to Rs 10.22 crore in FY26.
The company derives a substantial portion of its revenue from the food and beverages, chemicals and oil drilling industries. Revenue from the food and beverages industry stood at Rs 25.28 crore (35.84%) in FY26, Rs 23.02 crore (40.84%) in FY25, and Rs 16.81 crore (37.75%) in FY24. Revenue from the chemical industry stood at Rs 15.78 crore (22.38%), Rs 8.88 crore (15.76%), and Rs 7.40 crore (16.62%) for FY26, FY25, and FY24, respectively. Any material decline in the performance of these industries, or failure to sustain, grow or efficiently manage sales within these industries, could adversely impact the company's business operations, financial condition and results of operations.
Revenue from its top 10 customers stood at Rs 11.30 crore (71.03%), Rs 44.68 crore (63.35%), Rs 38.42 crore (68.15%) and Rs 30.02 crore (67.41%) in the period ended May 31, 2026, FY26, FY25 and FY24, respectively. Loss of these customers or reduction in business from them could hurt the company’s business, financial condition, and cash flows.
The company does not maintain long-term contractual arrangements with the majority of its customers, with sales primarily governed by transactional purchase orders that can be amended, postponed, or cancelled. Loss of key customers or a significant cut in demand could adversely affect the company's business, finances, and cash flows.
The company operates in a competitive industry where pricing is a key differentiator. Increased price competition, entry of new players, changes in customer preferences, or adoption of advanced technologies by competitors could put pressure on its margins and adversely affect the company's business, financial condition, and results of operations.
The company's cost of materials consumed represented 38.79%, 40.76%, and 45.29% of total income for FY26, FY25 and FY24, respectively. A sharp rise in raw material costs that cannot be passed on to customers could reduce the company's profit margins and hurt its business.
The company has not entered into long-term supply arrangements with its suppliers and is dependent on third-party suppliers for raw materials. Purchases from the top five suppliers stood at Rs 20.45 crore (70.08%), Rs 15.98 crore (65.40%) and Rs 13.51 crore (65.99%). Any inability of suppliers to deliver required materials at competitive prices and within the required time could adversely affect the company's business operations and profitability.
As of the period ended May 31, 2026, the company had outstanding financial indebtedness of Rs 34.85 crore. Failure to service or repay these loans on time can harm the company’s operations and financial position.
Application details
For Shanti Inorganics IPO, eligible investors can apply as Individual investor.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ₹79 - ₹83 | ₹2 - ₹5 Lakhs | 1600 |