Shyam Dhani Industries IPO
GMP, Subscription, Price, Dates & Financial Details
Consumer Food
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…
Open Date
Mon, 22 Dec 2025
Close Date
Wed, 24 Dec 2025
Price Band
₹ 65 – 70
Lot Size
2000
Issue Size
₹ 38.49 Cr
Minimum Investment
₹ 280,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Shyam Dhani Industries IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹38.49 Crore.
The Shyam Dhani Industries IPO remained open for subscription from December 22, 2025, to December 24, 2025. The basis of allotment was finalized on December 26, 2025, and the company's shares were listed on NSE SME Platform on December 30, 2025.
The company had fixed the price band at ₹65 to ₹70 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹280,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Holani Consultants Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Shyam Dhani Industries Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Shyam Dhani Industries IPO Timeline (Tentative)
- IPO Open Date
- Mon, 22 Dec 25
- IPO Close Date
- Wed, 24 Dec 25
- Basis of Allotment
- Fri, 26 Dec 25
- Initiation of Refunds
- Mon, 29 Dec 25
- Credit of Shares to Demat
- Mon, 29 Dec 25
- Listing Date
- Tue, 30 Dec 25 — NSE & BSE
Open Date
22 December 2025
Close Date
24 December 2025
Basis Of Allotment
26 December 2025
Listing Date
30 December 2025
IPO Subscription
Check Live Subscription →The Shyam Dhani Industries IPO has received bids for 3,61,55,58,000 shares against 36,58,000 shares offered, resulting in an overall subscription of 988.4x. the NII category is subscribed 1,613.08x, Retail Investors 1,137.95x, and QIBs 256.24x. Within the NII category, BNII is subscribed 1,850.1x, while SNII is subscribed 1,139.04x.
QIB
256.24x
NII
1613.08x
BNII
1850.1x
SNII
1139.04x
RII
1137.95x
Total
988.4x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 18,28,000 shares, representing 49.97% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 10,44,000 shares (28.54%), while Non-Institutional Investors (NIIs) receive 7,86,000 shares (21.49%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,044,000 | 28.54% |
| Non-Institutional | 786,000 | 21.49% |
| BNII | 524,000 | 14.32% |
| SNII | 262,000 | 7.16% |
| Retail Investors | 1,828,000 | 49.97% |
| Total | 3,658,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Shyam Dhani Industries Limited KPI Information
| 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 |
| Pat Margin % | 6.45 | 5.86 | 4.3 |
Peers Comparison
| 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 |
About Shyam Dhani Industries Limited
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.
Shyam Dhani Industries IPO Promoters
- Mr. Ramawtar Agarwal
- Mrs. Mamta Devi Agarwal
- Mr. Vithal Agarwal
Promoters Holding
Holding Pre Issue
98.11%
Holding Post Issue
0.00%
Shyam Dhani Industries IPO Objective
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
Shyam Dhani Industries Limited Address / Contact Details
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
Shyam Dhani Industries IPO Lot Size
The Shyam Dhani Industries IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,80,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,80,000.
| 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 |
Issue Reservation
- QIB — 28.54%
- NII — 21.49%
- RII — 49.97%
Book Running Lead Managers
- Holani Consultants Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Shyam Dhani Industries IPO?
Shyam Dhani Industries IPO is a Book-building IPO with a total issue size of ₹38.49 crore. The Shyam Dhani Industries IPO price band is ₹65 to 70 per share. The Shyam Dhani Industries IPO subscription opens on Mon, Dec 22, 2025, and closes on Wed, Dec 24, 2025. The Shyam Dhani Industries IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Shyam Dhani Industries IPO.
When will the Shyam Dhani Industries IPO open for subscription?
The Shyam Dhani Industries IPO opens on Mon, Dec 22, 2025 and closes on Wed, Dec 24, 2025
What is Shyam Dhani Industries IPO Price Band?
Shyam Dhani Industries IPO Price Band is ₹65 to 70 per share.
What is Shyam Dhani Industries IPO Lot Size?
Shyam Dhani Industries IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
What is the minimum investment for Shyam Dhani Industries IPO?
The minimum investment for Shyam Dhani Industries IPO is ₹280000, based on one lot of 2000 shares at the upper price band of ₹70 per share.
How to apply for Shyam Dhani Industries IPO?
Investors can apply for the Shyam Dhani Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Dec 24, 2025. The application amount remains blocked until the Shyam Dhani Industries IPO allotment is finalized.
What is Shyam Dhani Industries IPO Issue Size?
Shyam Dhani Industries IPO issue size is ₹38.49 crores.
What is the Shyam Dhani Industries IPO Allotment Date?
Shyam Dhani Industries IPO allotment date is Fri, Dec 26, 2025.
Who is the Shyam Dhani Industries IPO Registrar?
The registrar for Shyam Dhani Industries IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Shyam Dhani Industries IPO allotment status, refund processing, and other IPO-related information.
What is the Shyam Dhani Industries IPO GMP?
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 97.14% over the issue price.
Who is the Shyam Dhani Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Shyam Dhani Industries IPO are Holani Consultants Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Shyam Dhani Industries IPO Red Herring Prospectus (RHP).