Shanti Inorganics IPO Subscription Status
Shanti Inorganics IPO was subscribed 132.3 times when bidding closed on 2 Sep 2026: QIB 130.97x, NII 144.98x, Retail 125.72x.
The Shanti Inorganics IPO has been subscribed 132.3x times overall. Retail investors have shown interest with bids for 125.72x the shares available. The Non-Institutional Investor (NII) category has been subscribed 144.98x. Qualified Institutional Buyers (QIBs) have subscribed 130.97x. Data last updated on 07 Sep, 06:30 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 31 Aug, 2026 and closes on 02 Sep, 2026. The shares are expected to list on stock exchanges on 07 Sep, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 14,16,54,400 of 10,81,600 73 applications | 130.97x |
| NII | 15,89,00,800 of 10,96,000 17,216 applications | 144.98x |
bHNI — bid amount above ₹10 Lakh |
11,68,60,800 8,909 applications | |
sHNI — bid amount ₹2–10 Lakh |
4,20,40,000 8,307 applications | |
| Retail | 23,81,60,000 of 18,94,400 73,714 applications | 125.72x |
| TOTAL | 53,87,15,200 91,003 applications | 132.3x |
Shanti Inorganics IPO Basis of Allotment
Final Final figures published by the registrar, after technical rejections. Allotment price ₹83.
| Category | AppsApplications | GotAllottees | Odds |
|---|---|---|---|
| QIB 53.14x subscribed | 78 | 73 | 7 out of 87 out of 8 |
|
Ex. Anchor
Ex. Anchor
|
73 | 68 | 7 out of 87 out of 8 |
|
Anchor
Anchor Investors
|
5 | 5 | AllAll allotted |
| NII (HNI) 195.19x subscribed | 17,216 | 168 | 1 out of 1021 out of 102 |
|
bNII >₹10L
bNII — above ₹10 Lakh
|
8,909 | 112 | 1 out of 801 out of 80 |
|
sNII <₹10L
sNII — below ₹10 Lakh
|
8,307 | 56 | 1 out of 1481 out of 148 |
| Retail 124.52x subscribed | 73,714 | 592 | 1 out of 1251 out of 125 |
| TOTAL 99.46x subscribed | 91,008 | 833 | 1 out of 1091 out of 109 |
Shanti Inorganics IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 126 applicants will be successful.
Market Sentiment
Strong grey market premium of 65.06% suggests exceptional listing gains and high bullish sentiment among traders.
Institutional Backing
Massive institutional interest with QIBs subscribing 130.97x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
02 Sep 2026
Day 3 |
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QIB-
NII-
Retail-
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01 Sep 2026
Day 2 |
- | ▼ | |
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QIB-
NII-
Retail-
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31 Aug 2026
Day 1 |
- | ▼ | |
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QIB-
NII-
Retail-
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Shanti Inorganics SME IPO dates
From the bidding window to listing. Today is 24 October.
- Open 31 Aug 2026
- Close 02 Sep 2026
- Allotment 03 Sep 2026
- Refund/credit 04 Sep 2026
- Listing 07 Sep 2026
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Shanti Inorganics IPO?
As of IPO close date (02 Sep, 2026), the Shanti Inorganics IPO is subscribed 132.3x times. Retail category is 125.72x, and NII is 144.98x subscribed.
When is the allotment date for Shanti Inorganics IPO?
The allotment for Shanti Inorganics IPO is expected to be finalized on 03 September, 2026.
What is the GMP of Shanti Inorganics?
The Grey Market Premium (GMP) for Shanti Inorganics is currently ₹54, indicating a potential listing gain of 65.06%.
When will Shanti Inorganics IPO list on the stock market?
Shanti Inorganics is scheduled to list on BSE and NSE on 07 September, 2026.
What are the chances of getting allotment in Shanti Inorganics IPO?
The retail category is oversubscribed at 125.72x, meaning allotment is by lottery. Statistically, approximately 1 in 126 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 130.97x mean for Shanti Inorganics IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 130.97x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Shanti Inorganics IPO allotment status?
After the allotment date (03 Sep, 2026), you can check your Shanti Inorganics IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Shanti Inorganics SME IPO further
Track every stage of this IPO, from subscription to listing.
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Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
