Shanti Inorganics IPO — GMP Today, Price Band, Dates & Listing
Shanti Inorganics SME IPO (NSE: SHANTIINOR) opened on 31 Aug 2026 and closed on 2 Sep 2026 on NSE SME (Emerge). Price band Rs 79–83, lot size 1,600 shares (minimum application Rs 265,600, two lots, the SME minimum application, at the upper band). Listed on 7 Sep 2026 at +99.46% over the issue price on day one.
Shanti Inorganics IPO details
| Status | Listed |
| Open date | 31 Aug 2026 |
| Close date | 2 Sep 2026 |
| Price band | Rs 79–83 |
| Lot size | 1,600 shares |
| Minimum investment | Rs 265,600 (two lots, the SME minimum application, at the upper band) |
| Face value | Rs.10 |
| Issue type | Book Building |
| Issue size (NSE summary) | Initial Public Offer comprising of Fresh Issue of up to 56,91,200 Equity Shares (including Market Maker portion of 2,84,800 Equity Shares and Anchor portion of 16,19,200 Equity Shares) |
| Listing date | 7 Sep 2026 (listed) |
| Exchange | NSE SME (Emerge) |
| Lead managers | Vivro Financial Services Private Limited |
| Registrar | KFin Technologies Limited |
| NSE symbol | SHANTIINOR |
| Prospectus | Red herring prospectus (NSE archive, zip) |
Face value, lot, issue type, issue size, lead managers and registrar are as filed on NSE's IPO detail page (SHANTIINOR). Page data as of 15 Sep 2026.
Subscribed 132.30x on NSE (NSE + BSE combined 132.30x) as of 2 Sep 2026, 19:00 IST (NSE). Category and day-wise breakdown.
Key dates
| Issue opens | 31 Aug 2026 |
| Issue closes | 2 Sep 2026 |
| Basis of allotment | 3 Sep 2026 (expected, T+1) |
| Refunds / demat credit | 4 Sep 2026 (expected, T+2) |
| Listing | 7 Sep 2026 (listed) on NSE SME (Emerge) |
Post-close dates follow SEBI's T+3 listing timeline counted in working days from the close; registrar and exchange notices are final.
Shanti Inorganics listing performance
| Issue price | Rs 83.00 |
| Listed on | 2026-09-07 |
| Listing day open | Rs 157.70 |
| Listing day close | Rs 165.55 |
| Listing gain (close vs issue) | +99.46% |
| Latest close | Rs 194.15 |
| Return since issue | +133.92% |
Listing-day and latest prices from NSE end-of-day data (symbol SHANTIINOR). Latest close as of 2026-09-15. Listing-day gain is measured within the listing week and is unaffected by corporate actions; return since issue is price-only, excludes dividends and is not adjusted for splits or bonuses.
What the GMP means for Shanti Inorganics
Grey Market Premium (GMP) is the unofficial premium at which an IPO's shares change hands before listing. A positive GMP signals bullish pre-listing sentiment, but it is unregulated, volatile and routinely diverges from the actual listing price in both directions — treat it as a thermometer, never a forecast. Read our full What is GMP? guide for how the grey market works.
Apply, allotment and listing
- How to apply: step-by-step UPI/ASBA instructions in our IPO application guide.
- Allotment status: registrar link and the T+3 timeline on the Shanti Inorganics allotment page.
- Compare with other issues: the full live board is on IPO GMP Today and the IPO Calendar.
- Need a demat account? see best brokers for IPO applications.
FAQs on Shanti Inorganics IPO
What is Shanti Inorganics IPO GMP today?
Shanti Inorganics has listed, so its grey market premium no longer applies. The listing performance table on this page has the actual debut price and gain.
When did the Shanti Inorganics IPO open and close?
Shanti Inorganics's subscription window opened on 31 Aug 2026 and closed on 2 Sep 2026.
What is the Shanti Inorganics IPO price band and lot size?
For Shanti Inorganics, the price band is Rs 79–83 and one lot is 1,600 shares (minimum application Rs 265,600, two lots, the SME minimum application, at the upper band).
Who is the registrar for the Shanti Inorganics IPO?
The registrar to the Shanti Inorganics IPO is KFin Technologies Limited (as filed on NSE). Allotment status is checked on the registrar's website once the basis of allotment is finalised — the link is on our Shanti Inorganics allotment status page.
How did Shanti Inorganics perform on listing day?
Shanti Inorganics listed on 7 Sep 2026 and closed its first day at Rs 165.55, +99.46% against the issue price (NSE end-of-day data).