Shanti Inorganics IPO Subscription Status
Final figures at close of bidding: 7 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 130.97x |
| NII | 195.53x |
| sNII (₹2L–₹10L) | 155.47x |
| bNII (above ₹10L) | 215.56x |
| Retail (RII) | 125.72x |
| Total | 142.17x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0.23x | 0.88x | 2.39x | 1.75x | 1.26x |
| Day 2 | 1.63x | 2.89x | 5.03x | 5.18x | 3.89x |
| Day 3 | 130.97x | 155.47x | 215.56x | 125.72x | 142.17x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
Bidding in the Shanti Inorganics IPO ran across 3 recorded days: overall subscription stood at 1.26× at the close of day 1, read 3.89× at the end of day 2, and finished at 142.17× on day 3. On the final day it was non-institutional investors (NII) driving the book, at 195.53× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 3.89× to 142.17×.
Category detail
Institutional demand closed at 130.97× of the QIB quota. Non-institutional investors came in at 195.53×, split 155.47× in the small-NII bucket (bids under ₹10 lakh) and 215.56× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 125.72× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 195.53× and retail investors at the bottom at 125.72×.
What the multiple means for allotment
A retail multiple of 125.72× means bids in the category outnumbered the shares set aside for it roughly 125.72 times over. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 1600 shares — ₹1,32,800 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Shanti Inorganics IPO open and close?
- The Shanti Inorganics IPO opens on 31 Aug 2026 and closes on 2 Sept 2026.
- How many times was the Shanti Inorganics IPO subscribed?
- The Shanti Inorganics IPO was subscribed 142.17 times in total across all investor categories.
- What is the reservation split in the Shanti Inorganics IPO?
- Of the total shares offered, retail investors get 35.04%, QIBs 20.01% (plus 29.95% anchor), non-institutional investors 15%.