Shanti Inorganics IPO Allotment Status: How to Check, Final Subscription, and Listing Timeline

The Shanti Inorganics initial public offering (IPO) allotment is expected to be finalised on 3 September 2026. Investors who applied for the ₹47.24 crore book-built small and medium enterprise (SME) IPO should use KFin Technologies Limited’s website as the primary channel to check allotment status, with the NSE application-status page as an additional verification route.

The issue received a strong response, with the final overall subscription reported at about 140.30 times. Non-institutional investors led demand at about 195.26 times, followed by qualified institutional buyers at about 130.97 times and retail individual investors at about 122.09 times. The unofficial grey market premium (GMP) was ₹29 per share, or about 34.9% over the upper issue price of ₹83, as of late afternoon (3:30 p.m. to 5:00 p.m. IST) on 2 September 2026, suggesting positive unofficial sentiment.

Shanti Inorganics IPO Allotment Status: Latest Update

Shanti Inorganics Limited’s allotment was still in the expected stage after bidding closed on 2 September 2026. The basis of allotment is scheduled to be finalised on 3 September 2026, after which successful and unsuccessful applicants should be able to verify their status through the registrar.

KFin Technologies Limited is the registrar to the issue. Until the final allotment data is processed and published, Shanti Inorganics may not appear in the registrar’s allotment dropdown, or a search may return no record.

A successful IPO bid, an application visible on the exchange, or an approved Unified Payments Interface (UPI) mandate does not by itself confirm that shares have been allotted.

Shanti Inorganics IPO Allotment and Listing Timeline

Event	Date	What it means
IPO bidding closed	2 September 2026	New applications and bid changes closed
Basis of allotment	3 September 2026	Allocation is expected to be finalised
Fund debit or unblocking	4 September 2026	Payable amount may be debited for allottees, while blocked funds are released for others
Demat credit	4 September 2026	Allotted shares are expected to reach eligible demat accounts
NSE SME listing	7 September 2026	Shares are scheduled to begin exchange trading

These dates reflect the announced issue schedule. Applicants should rely on the actual registrar record and their bank or demat account if operational processing takes longer.

What You Need to Check the Allotment

Keep the identifier used with your IPO application ready. KFin’s allotment facility generally supports:

• Permanent Account Number (PAN)
• IPO application number
• Depository Participant (DP) ID and Client ID or demat details, where offered on the page

Viewing an allotment result should not require your UPI PIN, one-time password (OTP), bank password, or trading password. Do not share these credentials merely to check an IPO result.

How to Check Shanti Inorganics IPO Allotment Status

Check on the Official Registrar Website

The registrar is the primary source because it processes the allotment records for the IPO.

1. Open the KFin Technologies IPO allotment-status page.
2. Select Shanti Inorganics Limited from the IPO or issue dropdown once it becomes available.
3. Choose the available search option, such as PAN, application number, or demat account details.
4. Enter the requested information exactly as submitted with your IPO application.
5. Complete the captcha or other on-page verification.
6. Submit the form to view the allotment result.

If the company name is not yet available, the most likely explanation on 3 September is that the final allotment file has not yet gone live. Rechecking after the registrar updates its database is more useful than repeatedly changing application details.

Check on NSE

Shanti Inorganics is proposed to list on the NSE SME platform, so NSE is the applicable exchange verification route.

1. Visit the official NSE IPO bid-verification page.
2. Open the section for equity and SME IPO bid details.
3. Select Shanti Inorganics Limited when available.
4. Enter the requested application details and PAN.
5. Submit the information to view the available record.

The NSE facility is useful for checking whether an IPO bid was captured and for viewing available application or allotment information. Bid verification alone should not be treated as confirmation of final share allocation. The registrar’s final allotment record remains the primary check.

What Does Your IPO Allotment Status Mean?

Status	Meaning	What to do
Allotted	Shares have been allocated to your application	Check the allotted quantity and watch for the corresponding debit and demat credit
Not allotted	No shares were allocated	Monitor your bank account for release of the blocked application amount
Pending or under process	Final data has not yet been reflected	Check again after processing is completed
No record found	The system cannot match the details entered	Recheck the issue name, PAN, application number, and demat details

A “no record found” message does not automatically mean that the application was rejected. It can also result from an incorrect identifier, an issue-selection error, or a delay in the registrar’s data update.

Shanti Inorganics IPO Final Subscription

The final bidding data showed substantial oversubscription across the main investor categories.

Investor category	Subscription
Qualified institutional buyers (QIBs)	About 130.97 times
Non-institutional investors (NIIs)	About 195.26 times
Retail individual investors	About 122.09 times
Overall	About 140.30 times

For a retail applicant, the retail subscription figure is the more relevant measure of demand than the overall 140.30-times number. Heavy oversubscription means the number of shares requested exceeded the retail portion available, but it does not translate into a precise “one in X” allotment probability from the subscription multiple alone.

The final basis of allotment, eligible application pool, and applicable allocation rules determine the actual distribution.

GMP is also separate from the allotment process. It is an unofficial, unregulated market indicator that can change quickly and does not guarantee the eventual listing price or return.

What Happens After IPO Allotment?

If Shares Are Allotted

For an application funded through Application Supported by Blocked Amount (ASBA), the amount payable for the allotted shares is debited from the blocked funds. Any excess amount that is no longer required should be released.

The allotted shares are scheduled to be credited to the applicant’s demat account on 4 September 2026. Once credited, verify that the quantity matches the allotment shown by the registrar.

If Shares Are Not Allotted

If no shares are allotted, the blocked application amount should be released rather than treated as a separate fresh payment or conventional refund.

The schedule provides for unblocking on 4 September 2026. Banks can take additional time to update the available balance even after the release instruction has been processed.

Allotment Not Showing or Funds Still Blocked?

First, confirm that the allotment has actually been finalised. If the registrar has not yet published the Shanti Inorganics result, a missing record is not necessarily a problem.

Once results are live, check that:

• You selected the correct IPO.
• Your PAN matches the application.
• The application number was entered correctly.
• Your DP ID and Client ID are accurate where those fields are used.
• Your bid was successfully captured during the IPO window.

Application problems can arise from issues such as a PAN mismatch, duplicate applications, an unsuccessful UPI mandate, or ineligible third-party payment details.

For an allotment-result discrepancy, contact the registrar. For an application amount that remains blocked beyond the expected processing period, contact the bank or self-certified syndicate bank used for the application. If the issue concerns an incorrect application number or order-routing record, contact the broker through which the bid was placed.

Bottom Line

Shanti Inorganics IPO allotment is expected to be finalised on 3 September 2026, with KFin Technologies serving as the primary status-checking channel and NSE providing an additional verification route. After allotment, applicants should monitor the scheduled 4 September fund debit or unblocking and demat-credit process ahead of the 7 September 2026 listing.

Frequently Asked Questions (FAQs)