Inorganic Chemicals - Listed on 07 September 2026
Shanti Inorganics (Inorganic Chemicals) closed its IPO window in 2026 and listed on NSE and BSE on 07 September 2026 at an upper band issue price of Rs 83, opening at Rs 157.7 for a listing gain of +90.0% and closing day one at Rs 165.55 (+99.5% on closing basis). The IPO was subscribed 142.25x overall - QIB 130.97x, HNI/NII 195.88x, Retail 125.72x. The total issue size was Rs 47.24 Cr (Fresh Issue Rs 47.24 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Inorganic Chemicals
Shanti Inorganics operates in the Inorganic Chemicals space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Shanti Inorganics issue was offered at an upper price of Rs 83 and raised approximately Rs 47.24 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | - | +37.35% |
| Day 2 | - | +37.35% |
| Day 3 | - | +18.07% |
| Day 4 | - | +37.35% |
| Day 5 | - | +37.35% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Shanti Inorganics IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Shanti Inorganics IPO listed at +90.0% versus the upper issue price of Rs 83 on 07 September 2026.
Shanti Inorganics IPO was subscribed 142.25x overall. QIB portion was subscribed 130.97x, HNI / NII 195.88x and Retail 125.72x.
Day-by-day IPO GMP data for Shanti Inorganics is listed in the table above.