listed · IPO · NSE SME · listed 7 September 2026
Shanti Inorganics Limited
Raised ₹47.24 Cr at ₹83 per share.
+90.0%
listing-day move
Price band
₹79 – ₹83
Issue price
₹83
Issue size
₹47.24 Cr
Return since listing
+118.43%
Company research
Tijori FinanceShanti Inorganics Ltd., established in 1998 and based in Ahmedabad, manufactures sulphur-based inorganic chemicals such as sodium and ammonium bisulphite, serving food, pharma, water treatment, oilfield and other industries globally.
Financials — ₹ crore
| Period | Revenue | PAT | Debt |
|---|---|---|---|
| Mar 2024 | 44.87 Cr | 5.12 Cr | 24.34 Cr |
| Mar 2025 | 57.11 Cr | 7.99 Cr | 25.38 Cr |
| Mar 2026 | 71.22 Cr | 10.22 Cr | 30.67 Cr |
Revenue mix
Ammonium Bi Sulphite
55%
S.B.S. Solution
31%
Sodium Sulphite Powder
14%
Peer comparison
Company Mkt cap Revenue P/E P/B
SHANTIINOR 304 71.22 Cr 29.72 6.3
GUJALKALI 5,109 4,358 Cr 74.63 0.95
AARTIIND 17,159 8,286 Cr 32.55 2.9
GHCL 3,857 3,064 Cr 8.2 1.09
CHEMFAB 512 311 Cr — 1.39
Exchange filings
Fields captured from NSE and BSEIssue information
- Symbol
- SHANTIINOR
- Issue period
- 2026-08-31 to 2026-09-02
- Price range
- Rs.79 to Rs.83
- Red Herring Prospectus
- https://nsearchives.nseindia.com/emerge/corporates/content/ShantiInorganicsLimited_RHP.zip
Data sources: MONEYCONTROL , NSE , NSE . Data quality clean.