Shyam Dhani Industries IPO
Open SmeCurrent GMP
₹68 (+97.14%)
Price Band
₹ 65 – 70
Lot Size
2000
Issue Size
₹38.49 Cr
Minimum Investment
₹280000 (4000 Shares)
Listing Date
30 December 2025
Subscription
988.4x
About the Company
Shyam Dhani Industries Limited, incorporated in 1995, is an ISO-certified company engaged in the manufacturing, exporting, wholesaling, and supplying of premium spices, including spice powders, whole spices, and blended spices. The company processes 163 varieties of spices under its flagship brand “SHYAM”.
In addition to spices, the company trades and distributes a wide range of grocery products such as black salt, rock salt, rice, poha, and kasuri methi, along with a diverse selection of herbs and seasonings, including oregano, peri peri, chilli flakes, mixed herbs, onion flakes, and tomato powder.
The company’s manufacturing facility is located in Jaipur, Rajasthan.
Shyam Dhani Industries Limited operates through multiple sales channels, including:
- General Trade (wholesalers and distributors)
- Modern Trade (supermarkets and retail chains)
- Quick Commerce Platforms (app-based delivery services)
They also cater to Private Labelling, HoReCa (Hotel, Restaurant, Catering) clients, and Export Markets.
As of 30 November 2025, the company employed 394 personnel, spanning departments such as Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top-Level Management, and Permanent Labour.
Promoters
- Mr. Ramawtar Agarwal
- Mrs. Mamta Devi Agarwal
- Mr. Vithal Agarwal
Promoters Holding
Holding Pre Issue
98.11%
Holding Post Issue
0.00%
Objects of the Issue
The Company Shyam Dhani Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the incremental working capital requirements of our company
- Repayment/Pre-payment, in full or in part, of certain outstanding borrowings availed by our company
- Brand Creation and Marketing Expenses
- Capital Expenditure towards the purchase of new additional machineries to be installed at the existing manufacturing unit
- Purchase and installation of Solar Rooftop Plant at the existing manufacturing unit
- General corporate purposes
Address / Contact Info
Shyam Dhani Industries Ltd. Address
F-438-A
Road No. 12,
VKIA
Jaipur, Rajasthan, 302013
Phone: +91 9257061811
Email: info@shyamspices.co.in
Website: https://www.shyamspices.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 22 December 2025
IPO Close Date
Wednesday, 24 December 2025
Basis of Allotment
Friday, 26 December 2025
Initiation of Refunds
Monday, 29 December 2025
Credit of Shares to Demat
Monday, 29 December 2025
Listing Date
Tuesday, 30 December 2025 — NSE & BSE
Important Dates
Open Date
22 December 2025
Close Date
24 December 2025
Basis Of Allotment
26 December 2025
Listing Date
30 December 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 88.79 | 82.47 | 52.84 | 27.51 |
| Revenue | 63.83 | 124.75 | 107.64 | 68.1 |
| Profit After Tax | 4.2 | 8.04 | 6.3 | 2.92 |
| Net Worth | 27.81 | 23.61 | 15.56 | 9.26 |
| Reserve & Surplus | 12.93 | 8.73 | 1441980 | 8.12 |
| Total Borrowings | 48.18 | 47.24 | 24.45 | 12.75 |
EPS Pre
5.31%
EPS Post
4.07%
P/E Pre
13.19
P/E (Post Issue)
17.21x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 41.06 | 50.78 | 37.49 |
| ROCE % | 39 | 46.16 | 39.69 |
| Debt / Equity | 2 | 1.57 | 1.38 |
| RoNW % | 34.07 | 40.5 | 31.57 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 6.45 | 5.86 | 4.3 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1044000 | 28.54 | 0 |
| Non-Institutional | 786000 | 21.49 | 0 |
| BNII | 524000 | 14.32 | 0 |
| SNII | 262000 | 7.16 | 0 |
| Retail Investors | 1828000 | 49.97 | 0 |
| Total | 3658000 | 100 | 0 |
Subscription Status ( Wed, 24 Dec 25 01:53 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1044000 | 267516000 | 256.24x |
| Non-Institutional | 786000 | 1267878000 | 1613.08x |
| BNII | 524000 | 969450000 | 1850.1x |
| SNII | 262000 | 298428000 | 1139.04x |
| Retail Investors | 1828000 | 2080164000 | 1137.95x |
| Total | 3658000 | 3615558000 | 988.4x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Shyam Dhani Industries Ltd | 10 | 0.00 | 5.41 | 5.41 | 34.07 | 15.87 |
| Madhusudan Masala Ltd | 10 | 13.56 | 8.49 | 8.49 | 12.77 | 63.10 |
| NHC Foods Ltd | 1 | 3.06 | 0.31 | 0.31 | 8.09 | 1.39 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 280,000.00 |
| Retail (Max) | 2 | 4,000 | 280,000.00 |
| S-HNI (Min) | 3 | 6,000 | 420,000.00 |
| S-HNI (Max) | 7 | 14,000 | 980,000.00 |
| B-HNI (Min) | 8 | 16,000 | 1,120,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Holani Consultants Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Shyam Dhani Industries IPO is a Book-building IPO worth ₹38.49 crores. The price band is ₹65 to 70 per share. The IPO opens on Mon, Dec 22, 2025 and closes on Wed, Dec 24, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Shyam Dhani Industries IPO opens on Mon, Dec 22, 2025 and closes on Wed, Dec 24, 2025
Shyam Dhani Industries IPO Price Band is ₹65 to 70.
Shyam Dhani Industries IPO lot size is 2000, and the minimum amount required for application is ₹280000.
The minimum investment for Shyam Dhani Industries IPO is approximately ₹280000 based on the upper price band.
To apply for the Shyam Dhani Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Dec 24, 2025. After submission, funds are blocked until the basis of allotment of Shyam Dhani Industries IPO is finalised.
Shyam Dhani Industries IPO issue size is ₹38.49 crores.
Shyam Dhani Industries IPO allotment date is Sat, Jun 27, 2026.
The registrar for Shyam Dhani Industries IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Shyam Dhani Industries IPO through their official website or helpline.
The Shyam Dhani Industries IPO GMP (Grey Market Premium) is ₹68 as of Tue, Dec 30, 2025. Based on the upper price band of ₹70 per share, the estimated Shyam Dhani Industries IPO listing price is ₹138, indicating a potential listing gain of approximately 31% over the issue price.