Shanti Inorganics IPO
Chemicals - Sulphur Based Inorganic Chemicals - Listed on 07 September 2026
Shanti Inorganics IPO listing summary
Shanti Inorganics (Chemicals - Sulphur Based 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.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Shanti Inorganics IPO GMP history
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 | Rs 23 | +27.71% |
| Day 2 | Rs 26 | +31.33% |
| Day 3 | Rs 31 | +37.35% |
| Day 4 | Rs 31 | +37.35% |
| Day 5 | Rs 31 | +37.35% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
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 - FAQs
What was the listing gain of Shanti Inorganics IPO?
Shanti Inorganics IPO listed at +90.0% versus the upper issue price of Rs 83 on 07 September 2026.
How many times was Shanti Inorganics IPO subscribed?
Shanti Inorganics IPO was subscribed 142.25x overall. QIB portion was subscribed 130.97x, HNI / NII 195.88x and Retail 125.72x.
What was the IPO GMP for Shanti Inorganics?
IPO GMP started at Rs 23 on Day 1 and moved to Rs 31 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.