Shanti Inorganics SMEs Price Band Fixed; SME IPO Opens Aug 31, Targeting ₹47 Crore for New Gujarat Facility
Key Details of Shanti Inorganics SME IPO
Shanti Inorganics has finalized the price band for its upcoming Initial Public Offering (IPO). The issue is scheduled to open on August 31 and close on September 2. The company, which specializes in sulphur-based inorganic chemicals manufacturing, has set a price range of ₹79 to ₹83 per equity share.The SME IPO is valued at Rs 47.24 crore. This offering comprises a total of 56,91,200 equity shares. Each share carries a face value of Rs 10.
IPO Subscription Timeline and Procedure
A dedicated anchor investor bidding process is set for August 28, 2026. This stage precedes the public subscription period. Following the closing date on September 2, the shares will be listed on the NSE Emerge platform.KFin Technologies Ltd has been appointed as the registrar for this SME issue. The structured timeline ensures a smooth transition from private offering to public listing on the specialized exchange.
Proceeds Allocation Fuels Manufacturing Expansion
The funds generated from this IPO are strategically earmarked. The primary purpose of the net proceeds is to partially fund capital expenditure (CapEx). This CapEx relates to establishing a new manufacturing facility located in Bavla, Ahmedabad, Gujarat.At the new site, the company intends to manufacture sodium metabisulphite, sodium bisulphite, and ammonium bisulphite. These products reflect the specialized inorganic chemical production capacity of Shanti Inorganics.
The remaining proceeds from the IPO will be allocated towards general corporate purposes, further supporting the ongoing growth trajectory of the organization.
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