Shyam Dhani Industries IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 22 to Dec 24 2025
Price Band
₹65 - 70
Current GMP
₹133.0 (+90%)
Subscription
988.29 times
IPO Details
| IPO Date | 22 to 24 Dec, 2025 |
| Listing Date | Tue, Dec 30, 2025 |
| Face Value | ₹ 10 per share |
| Price Band | ₹65 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 54,98,000 shares (agg. up to ₹ 38 Cr) |
| Reserved for Market Maker | 2,80,000 shares (agg. up to ₹ 2 Cr) Holani Consultants Pvt.Ltd. |
| Net Offered to Public | 52,18,000 shares (agg. up to ₹ 37 Cr) |
| Share Holding Pre Issue | 1,51,58,000 shares |
| Share Holding Post Issue | 2,06,56,000 shares |
| NSE Symbol | SHYAMDHANI |
| ISIN | INE1CRP01016 |
IPO Date
22 to 24 Dec, 2025
Listing Date
Tue, Dec 30, 2025
Face Value
₹ 10 per share
Price Band
₹65 to ₹70
Issue Price
₹70 per share
Lot Size
2,000 Shares
Sale Type
Fresh Capital
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
54,98,000 shares (agg. up to ₹ 38 Cr)
Reserved for Market Maker
2,80,000 shares (agg. up to ₹ 2 Cr) Holani Consultants Pvt.Ltd.
Net Offered to Public
52,18,000 shares (agg. up to ₹ 37 Cr)
Share Holding Pre Issue
1,51,58,000 shares
Share Holding Post Issue
2,06,56,000 shares
NSE Symbol
SHYAMDHANI
ISIN
INE1CRP01016
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 256.24 |
| Non-Institutional Buyers*** | 1,612.65 |
| bNII (bids above ₹10L) | 1,849.56 |
| sNII (bids below ₹10L) | 1,138.83 |
| Individual Investors | 1,137.92 |
| Total ** | 988.29 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
256.24
Non-Institutional Buyers***
1,612.65
bNII (bids above ₹10L)
1,849.56
sNII (bids below ₹10L)
1,138.83
Individual Investors
1,137.92
Total **
988.29
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Dec 2 2, 2025 (Day 1) | 10.43 | 77.01 | 76.38 | 78.27 | 90.08 | 64.54 |
| Dec 2 3, 2025 (Day 2) | 10.70 | 373.52 | 400.74 | 319.08 | 360.68 | 263.55 |
| Dec 2 4, 2025 (Day 3) | 256.24 | 1,612.65 | 1,849.56 | 1,138.83 | 1,137.92 | 988.29 |
DayDec 2
2, 2025 (Day 1)
QIB (Ex Anchor)10.43
NII*77.01
NII (> ₹10L)76.38
NII (< ₹10L)78.27
Individual Investors90.08
Total64.54
DayDec 2
3, 2025 (Day 2)
QIB (Ex Anchor)10.70
NII*373.52
NII (> ₹10L)400.74
NII (< ₹10L)319.08
Individual Investors360.68
Total263.55
DayDec 2
4, 2025 (Day 3)
QIB (Ex Anchor)256.24
NII*1,612.65
NII (> ₹10L)1,849.56
NII (< ₹10L)1,138.83
Individual Investors1,137.92
Total988.29
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 30-12-2025 | 70.00 | 68(97.14%) | 138 |
| 29-12-2025 | 70.00 | 68(97.14%) | 138 |
| 28-12-2025 | 70.00 | 70(100.00%) | 140 |
| 27-12-2025 | 70.00 | 70(100.00%) | 140 |
| 26-12-2025 | 70.00 | 70(100.00%) | 140 |
| 25-12-2025 | 70.00 | 70(100.00%) | 140 |
| 24-12-2025 | 70.00 | 70(100.00%) | 140 |
| 23-12-2025 | 70.00 | 62(88.57%) | 132 |
| 22-12-2025 | 70.00 | 50(71.43%) | 120 |
| 21-12-2025 | 70.00 | 47(67.14%) | 117 |
| 20-12-2025 | 70.00 | 47(67.14%) | 117 |
| 19-12-2025 | 70.00 | 42(60.00%) | 112 |
| 18-12-2025 | 70.00 | 40(57.14%) | 110 |
| 17-12-2025 | 70.00 | 31(44.29%) | 101 |
| 16-12-2025 | 70.00 | 27(38.57%) | 97 |
| 15-12-2025 | 70.00 | 21(30.00%) | 91 |
| 14-12-2025 | 70.00 | 21(30.00%) | 91 |
| 13-12-2025 | 70.00 | 21(30.00%) | 91 |
| 12-12-2025 | 70.00 | 0(0.00%) | 70 |
| 11-12-2025 | 70.00 | 0(0.00%) | 70 |
| 10-12-2025 | 70.00 | 0(%) | (%) |
Date30-12-2025
Price70.00
GMP68(97.14%)
Estimate List Price138
Date29-12-2025
Price70.00
GMP68(97.14%)
Estimate List Price138
Date28-12-2025
Price70.00
GMP70(100.00%)
Estimate List Price140
Date27-12-2025
Price70.00
GMP70(100.00%)
Estimate List Price140
Date26-12-2025
Price70.00
GMP70(100.00%)
Estimate List Price140
Date25-12-2025
Price70.00
GMP70(100.00%)
Estimate List Price140
Date24-12-2025
Price70.00
GMP70(100.00%)
Estimate List Price140
Date23-12-2025
Price70.00
GMP62(88.57%)
Estimate List Price132
Date22-12-2025
Price70.00
GMP50(71.43%)
Estimate List Price120
Date21-12-2025
Price70.00
GMP47(67.14%)
Estimate List Price117
Date20-12-2025
Price70.00
GMP47(67.14%)
Estimate List Price117
Date19-12-2025
Price70.00
GMP42(60.00%)
Estimate List Price112
Date18-12-2025
Price70.00
GMP40(57.14%)
Estimate List Price110
Date17-12-2025
Price70.00
GMP31(44.29%)
Estimate List Price101
Date16-12-2025
Price70.00
GMP27(38.57%)
Estimate List Price97
Date15-12-2025
Price70.00
GMP21(30.00%)
Estimate List Price91
Date14-12-2025
Price70.00
GMP21(30.00%)
Estimate List Price91
Date13-12-2025
Price70.00
GMP21(30.00%)
Estimate List Price91
Date12-12-2025
Price70.00
GMP0(0.00%)
Estimate List Price70
Date11-12-2025
Price70.00
GMP0(0.00%)
Estimate List Price70
Date10-12-2025
Price70.00
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open | Mon, Dec 22, 2025 |
| IPO Close | Wed, Dec 24, 2025 |
| Allotment | Fri, Dec 26, 2025 |
| Refund | Mon, Dec 29, 2025 |
| Credit of Shares | Mon, Dec 29, 2025 |
| Listing | Tue, Dec 30, 2025 |
IPO Open
Mon, Dec 22, 2025
IPO Close
Wed, Dec 24, 2025
Allotment
Fri, Dec 26, 2025
Refund
Mon, Dec 29, 2025
Credit of Shares
Mon, Dec 29, 2025
Listing
Tue, Dec 30, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,80,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16,000 | ₹11,20,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares4,000
Amount₹2,80,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares4,000
Amount₹2,80,000
ApplicationS-HNI (Min)
Lots3
Shares6,000
Amount₹4,20,000
ApplicationS-HNI (Max)
Lots7
Shares14,000
Amount₹9,80,000
ApplicationB-HNI (Min)
Lots8
Shares16,000
Amount₹11,20,000
Key Performance Indicator
| ROE | 41.06% |
| ROCE | 39.00% |
| Debt/Equity | 2.00 |
| RoNW | 34.07% |
| PAT Margin | 6.45% |
| EBITDA Margin | 11.65% |
| Price to Book Value | 4.41 |
ROE
41.06%
ROCE
39.00%
Debt/Equity
2.00
RoNW
34.07%
PAT Margin
6.45%
EBITDA Margin
11.65%
Price to Book Value
4.41
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) |
|---|---|---|---|---|---|
| Shyam Dhani Industries Limited | 5.41 | 5.41 | 15.87 | 34.07 | |
| Madhusudan Masala Limited | 8.49 | 8.49 | 63.10 | 13.56 | 12.77 |
| Nhc Foods Ltd | 0.31 | 0.31 | 1.39 | 3.06 | 8.09 |
Company NameShyam Dhani Industries Limited
EPS (Basic)5.41
EPS (Diluted)5.41
NAV (per share) (Rs)15.87
P/E (x)
RoNW (%)34.07
Company NameMadhusudan Masala Limited
EPS (Basic)8.49
EPS (Diluted)8.49
NAV (per share) (Rs)63.10
P/E (x)13.56
RoNW (%)12.77
Company NameNhc Foods Ltd
EPS (Basic)0.31
EPS (Diluted)0.31
NAV (per share) (Rs)1.39
P/E (x)3.06
RoNW (%)8.09
IPO Reservation
| Market Maker Shares Offered | 2,80,000 (5.09%) |
| QIB Shares Offered | 26,04,000 (47.36%) |
| − Anchor Investor Shares Offered | 15,60,000 (28.37%) |
| − QIB (Ex. Anchor) Shares Offered | 10,44,000 (18.99%) |
| NII (HNI) Shares Offered | 7,86,000 (14.30%) |
| − bNII > ₹10L | 5,24,000 (9.53%) |
| − sNII < ₹10L | 2,62,000 (4.77%) |
| Retail Shares Offered | 18,28,000 (33.25%) |
| Total Shares Offered | 54,98,000 (100.00%) |
Market Maker Shares Offered
2,80,000 (5.09%)
QIB Shares Offered
26,04,000 (47.36%)
− Anchor Investor Shares Offered
15,60,000 (28.37%)
− QIB (Ex. Anchor) Shares Offered
10,44,000 (18.99%)
NII (HNI) Shares Offered
7,86,000 (14.30%)
− bNII > ₹10L
5,24,000 (9.53%)
− sNII < ₹10L
2,62,000 (4.77%)
Retail Shares Offered
18,28,000 (33.25%)
Total Shares Offered
54,98,000 (100.00%)
Information about company
Incorporated in 1995, Shyam Dhani Industries Limited is an ISO-certified company and manufacturer, exporter, wholesaler, and supplier of Premium Spices, Spices Powder, Whole Spices, etc.
They trade and distribute Grocery Products like Black Salt, Rock Salt, Rice, Poha, Kasuri Methi, and a variety of Herbs and seasonings, including Organo, Peri Peri, Chilli Flakes, Mixed Herbs, Onion Flakes, and Tomato Powder.
The company processes 163 varieties of spices, including Ground, Blend, and Whole Spices under the brand name “ SHYAM" .
The company trades and distributes grocery products like black salt, rock salt, rice, poha, kasuri methi, and a range of herbs and seasonings, including oregano, peri peri, chilli flakes, mixed herbs, onion flakes, and tomato powder.
The company's manufacturing unit is situated in Jaipur, Rajasthan.
The company operthrough General Trade (wholesalers and distributors), Modern Trade (supermarkets and retail chains), and Quick Commerce Platforms (apps), ensuring easy access to productsail chains), and Quick Commerce Platforms (apps), providing easy product accessibility. They also engage in Private Labelling, HoReCa (Hotel, Restaurant, Catering) sales, and Export Sales.
As of 30 November 2025, they had 394 employees, including Accounts & Finance, Compliance, Maintenance, Marketing & Logistics, Production & Operations, Quality, Top Level Management, and Permanent Labour.
Competitive Strength:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the incremental working capital requirements of our company 13.26 2 Repayment/Pre-payment, in full or in part, of certain outstanding borrowings availed by our company. 10.00 3 Brand Creation and Marketing Expenses 6.36 4 Capital Expenditure towards the purchase of new additional machineries to be installed at the existing manufacturing unit 1.63 5 Purchase and installation of Solar Rooftop Plant at the existing manufacturing unit 0.65 6 General Corporate Purposes 2.57
Disclaimer
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