Shanti Inorganics IPO: Rs 47 Cr Expansion Planned

Shanti Inorganics, a key player in sulphur-based inorganic chemicals, is preparing to launch an Initial Public Offering (IPO) on NSE Emerge. The company intends to raise Rs 47 crore by issuing 56.91 lakh equity shares, with the price band set between ₹79 and ₹83 per share. The subscription period is scheduled to begin on August 31, following anchor investor bidding on August 28.

The primary objective of this fundraising is to partly finance the capital expenditure for a new manufacturing facility. This plant, to be located in Ahmedabad, Gujarat, will specialize in producing Sodium Meta Bisulphite, Sodium Bisulphite, and Ammonium Bisulphite. Remaining funds will be allocated for general corporate purposes, strengthening the company's operational capacity.

With existing facilities in Vatva and Bavla, Shanti Inorganics boasts a significant production capacity of 18,800 MTPA for bisulphites. The company serves a wide array of industries, including food and beverages, pharmaceuticals, agrochemicals, and water treatment. This strategic investment is poised to enhance its ability to cater to a diverse clientele across various sectors and geographies, ensuring sustainable growth and long-term value creation.