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Subscription Status · Aug 31 – Sep 02, 2026 · ₹79–83
The Shanti Inorganics IPO subscription has recorded exceptional investor demand with an overall subscription of 142.16× as of Sep 02, 2026, indicating that investors applied for 142.16 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Sep 02, 2026, 5:12 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
1,081,600 | 141,654,400 |
130.97×
|
- |
|
NII
Non-Institutional Investors
|
811,200 | 158,616,000 |
195.53×
|
- |
|
bNII
Bids above ₹10L
|
540,800 | 116,576,000 |
215.56×
|
- |
|
sNII
Bids below ₹10L
|
270,400 | 42,040,000 |
155.47×
|
- |
|
Individual
Individual Investors
|
1,894,400 | 238,118,400 |
125.70×
|
- |
|
Total
|
3,787,200 | 538,388,800 |
142.16×
|
- |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 1,081,600 | 252,800 | 0.23× | - |
| NII | 526,400 | 849,600 | 1.61× | - |
| bNII | 256,000 | 611,200 | 2.39× | - |
| sNII | 270,400 | 238,400 | 0.88× | - |
| Individual Investors | 1,894,400 | 3,241,600 | 1.71× | - |
| Total | 3,502,400 | 4,344,000 | 1.24× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 1,081,600 | 1,758,400 | 1.63× | - |
| NII | 526,400 | 2,064,000 | 3.92× | - |
| bNII | 256,000 | 1,288,000 | 5.03× | - |
| sNII | 270,400 | 776,000 | 2.87× | - |
| Individual Investors | 1,894,400 | 9,708,800 | 5.13× | - |
| Total | 3,502,400 | 13,531,200 | 3.86× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 1,081,600 | 141,654,400 | 130.97× | - |
| NII | 811,200 | 158,616,000 | 195.53× | - |
| bNII | 540,800 | 116,576,000 | 215.56× | - |
| sNII | 270,400 | 42,040,000 | 155.47× | - |
| Individual Investors | 1,894,400 | 238,118,400 | 125.70× | - |
| Total | 3,787,200 | 538,388,800 | 142.16× | - |
As of September 02, 2026, the Shanti Inorganics IPO has been subscribed 142.16 times overall. The IPO is fully subscribed with strong investor demand indicating extremely high interest.
The Shanti Inorganics IPO subscription window was open from August 31, 2026 to September 02, 2026. Investors could apply through their demat account or ASBA facility.
The Shanti Inorganics IPO has a price band of ₹79 to ₹83 per share, with a lot size of 1,600 shares. Minimum retail investment: ₹126,400 (lower band) or ₹132,800 (upper band).
The QIB category has been subscribed 130.97 times. QIBs were offered 1,081,600 shares. Strong QIB subscription indicates high institutional confidence.
Overall NII: 195.53×. bNII (>₹10L): 215.56×, sNII (<₹10L): 155.47×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on September 03, 2026. Check via the registrar's website, KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Shanti Inorganics IPO is expected to list on September 07, 2026. Shares will list on NSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 142.16× means investors have bid for 142.16 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of data pending, the estimated allotment probability for retail investors is Very Low. Only 1 lot likely via lottery if selected. If final subscription stays below 1×, all applicants are likely to get full allotment.
You can apply for Shanti Inorganics IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Aug 31 to Sep 02, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Shanti Inorganics IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Aug 31, 2026Subscription Closes Done
Sep 02, 2026Basis of Allotment Done
Sep 03, 2026Listing on NSE Done
Sep 07, 2026Only 1 lot likely via lottery if selected.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
