Shanti Inorganics IPO Analysis

Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.

A retail application for Shanti Inorganics needs one lot of 1600 shares, which works out to ₹1,32,800 at the upper band of ₹83. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application.

The issue splits into ₹45 Cr of fresh capital (95.7%) and ₹null Cr as an offer for sale. The company keeps the fresh portion for the objects of the issue, while the rest is existing shareholders monetising their stake.

The most recent figures the company has filed cover 31 May 2026, which is a different length of period from 31 Mar 2026. Year-on-year growth is not stated here because the two periods are not comparable — read the reported numbers side by side rather than as a growth rate.

Recently listed companies in the same space trade at a median price-to-earnings ratio of about 14.8. Comparing that with the multiple implied by this issue's ₹79–₹83 band is a more useful test of pricing than looking at the grey market premium alone.

Institutional investors have bid for 130.97x their portion against 125.72x from retail. Institutions committing ahead of retail is generally read as confidence in the pricing.

A grey market premium of ₹36 on the upper band of ₹83 implies a listing gain of roughly 43.4%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.

This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.