IPO Synopsis
Shanti Inorganics Ltd
Initial public issue of 56,91,200 equity shares of face value of Rs. 10/- each of Shanti Inorganics Limited (formerly known as `Shanti Inorgo Chem (GUJ) Private Limited' and `Shanti Inorgo Chem (GUJ) Limited)', ("SIL" or "Shanti" or the "Company" or the "Issuer") for cash at a price of Rs. 83 per equity share including a share premium of Rs. 73 per equity share (the "Issue Price") aggregating to Rs. 47.24 Crores ("The Issue"/"Fresh Issue"), of which 2,84,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 83 per equity share including a share premium of Rs. 73 per equity share aggregating to Rs. 2.36 Crores was reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 54,06,400 equity shares of face value of Rs. 10/- each at a price of Rs. 83 per equity share including a share premium of Rs. 73 per equity share aggregating to Rs. 44.87 Crores is hereinafter referred to as the "Net issue". The issue and the net issue constitute 33.00% and 31.35% respectively, of the post issue paid up equity share capital of the company. Price Band: Rs. 83 per equity share of face value of Rs. 10 each. The floor price is 8.3 times the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.
Issue
Opens On Closes On
31-Aug-26 02-Sep-26
Money Payable On
Application Allotment
83.00 0.00
Minimum Application for shares in Nos : 3200 Further Multiples of : 1600
Cr Lead Managers to the Issue
Project Cost (.Cr) 42.50 Vivro Financial Services Private Limited
Project Financed through Current Offer (.Cr) 47.24  
Post Issue Equity Share Capital (.Cr) 17.25
Issue Price () 83.00
Projects
Part funding the capital expenditure towards setting up a new facility for manufacturing of sodium meta bisulphite, sodium bisulphite powder and ammonium bisulphite situated at Bavla
General Corporate Purposes
Promoted By
Manojkumar Jayantilal Patel
Avnish Manojkumar Patel
Suhani Avnishkumar Patel
Listing At
NSE - SME
Registrar to the Issue
KFin Technologies Ltd

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.