Ashutosh Fibre shares made a stellar debut in the Indian stock market on Monday, September 7, 2026, listing on the NSE SME platform with a premium of 52.17% to the issue price of ₹92 per share. The stock opened at ₹140 per share, delivering strong returns to investors who participated in the IPO. The SME IPO had witnessed strong demand during its offer period, with the company raising ₹56.35 crore from the book-building issue. The IPO was subscribed by a massive 124.43 times in total, with the public issue booked 99.16 times in the Retail individual investors category, 143.93 times in the Qualified Institutional Buyers (QIB) segment, and 200.85 times in the Non-Institutional Investors (NII) category. The company had fixed the IPO price band at ₹87–₹92 per share, with a lot size of 1,200 shares. Mefcom Capital Markets Ltd. acted as the book-running lead manager, while KFin Technologies Ltd. served as the registrar. The stock is currently frozen at its upper limit of 5% over its listing price, with the counter hitting a high of ₹147 and low of ₹137, with about 31.03 lakh shares changing hands.
Shanti Inorganics shares made a strong debut on the NSE SME platform on Monday, September 7, 2026, listing at a 92.17% premium over its IPO price of ₹83 per share. The stock opened at ₹157.70, translating into a listing gain of ₹74.70 per share. The listing performance exceeded market expectations, as the stock was previously commanding a grey-market premium of approximately ₹54, or 65%, according to InvestorGain. The ₹47.24-crore issue was subscribed 132.29 times during the bidding period from August 31 to September 2. The stock traded actively with 32.82 lakh shares changing hands and hit a high of ₹165.55 and low of ₹151.75. The IPO comprised a fresh issue of 40.72 lakh shares with no offer-for-sale component, and individual investors were required to apply for a minimum of 3,200 shares at the upper end of the price band.
The Indian SME IPO market is set for another active session as three companies — Ashutosh Fibre, Shanti Inorganics and Phychem Technologies — are scheduled to list on the SME platforms today, Monday, September 7, 2026. According to reports from The Economic Times, investor interest is particularly strong in the two NSE SME issues, with both Ashutosh Fibre and Shanti Inorganics commanding healthy grey market premiums ahead of their listings. Ashutosh Fibre is currently trading at a GMP of around 61%, while Shanti Inorganics is commanding a premium of approximately 65%. As reported by The Economic Times, Phychem Technologies, which is set to list on the BSE SME platform, is seeing a much lower GMP of around 2%. GMP trends are often used as an indicator of investor sentiment ahead of a listing, though they are unofficial market indicators and can fluctuate before shares begin trading on the exchanges.
Ashutosh Fibre Limited manufactures and trades technical textile products, primarily polypropylene (PP) spun yarns, under a B2B business model. Its products cater to industrial, automotive, construction, filtration, packaging, protective equipment, and home furnishing applications. The company operates across four distinct segments: Indutech for filtration, geotextiles, ropes and webbings; Protech for protective and heat-resistant applications; Hometech for carpets, furnishing textiles and filtration media; and Mobiltech for automotive friction materials. This diversified approach allows the company to serve multiple industries with specialized textile solutions, positioning it as a comprehensive technical textile manufacturer in the Indian market. The company recorded revenue from operations of ₹117.37 crore and net profit of ₹16.04 crore for the period ended March 31, 2026, with 169 permanent employees as of June 30, 2026. In FY26, it served 109 customers and sourced materials from 49 suppliers, indicating a diversified customer and supplier base across its operating segments.
Shanti Inorganics manufactures and trades sulphur-based inorganic chemicals, including sodium metabisulphite, sodium sulphite, ammonium bisulphite and sodium bisulphite solutions. Its products serve as preservatives, reducing agents, oxygen scavengers and process intermediates across industries such as food and beverages, pharmaceuticals, oil drilling, pulp and paper and water treatment. The company operates manufacturing facilities in Gujarat, including its Vatva unit in Ahmedabad and a facility at Bavla. Its Bavla Phase I facility commenced commercial production in February 2025 with an installed capacity of 18,000 tonnes per annum. The company recorded revenue from operations of ₹15.98 crore and net profit of ₹2.49 crore for the two months period ended May 31, 2026, with 66 employees as of that date. The company's product portfolio consists of ammonium bisulphite solution, sodium bisulphite powder or solution, sodium meta bisulphite and sodium sulphite powder/anhydrous, which are used across multiple industries including food and beverages, chemicals, oil drilling, pharmaceuticals, ceramics, agrochemicals, water treatment, petrochemicals, cosmetics, paints, polymers, boilers and mining.
