# Shanti Inorganics IPO opens August 31, price band set at Rs 79-83 2026-08-24T15:27:06+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Shanti Inorganics, a manufacturer of sulphur-based inorganic chemicals, will launch its initial public offering on the NSE Emerge platform from August 31 to September 2. The company has fixed a price band of Rs 79 to Rs 83 per equity share for the issue, which aims to raise Rs 47.23 crore at the upper price band. The IPO comprises 5,691,200 equity shares of face value Rs 10 each. Net proceeds will partly fund capital expenditure for a new manufacturing facility at Bavla, Ahmedabad, which will produce sodium metabisulphite, sodium bisulphite and ammonium bisulphite. Anchor investor bidding is scheduled for August 28. Vivro Financial Services is the book-running lead manager and KFin Technologies is the registrar. The company reported revenue of Rs 7,122.02 lakh in FY26 and a profit after tax of Rs 1,022.00 lakh. ## Indian Opinion Analysis Shanti Inorganics is entering the SME capital markets at a time when its proposed Bavla Phase II capacity of 78,544 MTPA would more than double current installed capacity of 36,800 MTPA. Under the NSE Emerge framework, companies raising up to Rs 25 crore may be exempt from certain listing norms, though this issue exceeds that threshold. Investors should examine demand from anchor investors on August 28 as a first signal of institutional appetite. The company's ability to sustain the EBITDA margin of roughly 21.6% seen in FY26 while scaling production will be key. The issue closes on September 2, with listing expected shortly after on the NSE Emerge platform. ## Coverage - livemint.com Straight factual report on IPO details with company financials and executive quote, no editorial slant. This story was synthesised by AI from the source linked above. Tags: Ahmedabad, KFin Technologies, NSE, Shanti Inorganics Canonical: https://indianopinion.org/shanti-inorganics-ipo-opens-august-31-price-band-set-at-rs-79-83/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/shanti-inorganics-ipo-opens-august-31-price-band-set-at-rs-79-83/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/