1 week ago
Shanti Inorganics Plans ₹47 Crore IPO on NSE Emerge
Shanti Inorganics makes special chemicals that contain sulphur.
The company wants to collect ₹47 crore by selling shares to the public.
Its IPO will be listed on NSE Emerge.
People can subscribe to the IPO from August 31.
Large investors can bid one day earlier, on August 28.
The company plans to use most of the money to build a manufacturing facility in Ahmedabad.
The facility will make three types of bisulphite chemicals.
These chemicals are used by industries such as food, pharmaceuticals, water treatment and mining.
Shanti Inorganics plans to raise ₹47 crore through an IPO on NSE Emerge.
The issue comprises 56.91 lakh equity shares priced between ₹79 and ₹83 each.
IPO subscription is scheduled to open on August 31, with anchor bidding beginning August 28.
Most proceeds will fund capital expenditure for a new Ahmedabad manufacturing facility.
The proposed facility will produce Sodium Meta Bisulphite, Sodium Bisulphite and Ammonium Bisulphite.
- Who
- Shanti Inorganics, a manufacturer and supplier of sulphur-based inorganic chemicals.
- What
- The company plans to raise ₹47 crore through an IPO of 56.91 lakh equity shares.
- Where
- The IPO will be offered on NSE Emerge, and the proposed manufacturing facility will be established in Ahmedabad, Gujarat.
- When
- Anchor investor bidding is scheduled for August 28, and public subscription is scheduled to open on August 31; the announcement was published August 24, 2026.
- Why
- The proceeds will fund capital expenditure for the new facility, with the remainder used for general corporate purposes.
Key facts
- Issue size
- ₹47 crore
- Shares offered
- 56.91 lakh equity shares
- Price band
- ₹79–₹83 per share
- Subscription dates
- August 31; anchor bidding starts August 28
- Planned facility
- New manufacturing facility in Ahmedabad, Gujarat
- Products
- Sodium Meta Bisulphite, Sodium Bisulphite and Ammonium Bisulphite
- Lead manager and registrar
- Vivro Financial Services; KFin Technologies
Quotes
Avnish Manojkumar Patel
Joint Managing Director of Shanti Inorganics
“We hold one of the largest domestic production capacities for bisulphites, with a capacity of 18,800 MTPA”
thehindubusinessline.com
Sources
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