Bookbuilding IPO | ₹38 Cr | Listed at NSE SME | Mon, Dec 22, 2025 - Wed, Dec 24, 2025
Shyam Dhani Industries IPO is a book build issue of ₹38.49 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹38.49 crore.
Shyam Dhani Industries IPO bidding started from Dec 22, 2025 and ended on Dec 24, 2025. The allotment for Shyam Dhani Industries IPO was finalized on Dec 26, 2025. The shares got listed on NSE SME on Dec 30, 2025.
Shyam Dhani Industries IPO price band is set at ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,80,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹4,20,000.
Holani Consultants Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Holani Consultants Pvt.Ltd..
Refer to Shyam Dhani Industries IPO RHP for detailed Information.
IPO Open
Mon, Dec 22, 2025
IPO Close
Wed, Dec 24, 2025
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹144.59 Cr
| IPO Date | 22 to 24 Dec, 2025 |
| Listed on | 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 only |
| 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 Holani Consultants Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 52,18,000 shares (agg. up to ₹37 Cr) |
| 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 |
Shyam Dhani Industries IPO comprises a total issue size of 54,98,000 shares. The net offer to the public is 52,18,000 shares, after excluding 2,80,000 shares allotted on a firm basis. Of the Net offer 26,04,000 (49.90%) are allocated to QIB, 7,86,000 (15.06%) allocated to NII 18,28,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 26,04,000 | 49.90% | 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 | 15.06% | 14.30% |
| − bNII > ₹10L | 5,24,000 | 9.53% | |
| − sNII < ₹10L | 2,62,000 | 4.77% | |
| Retail Shares Offered | 18,28,000 | 35.03% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,80,000 | 5.09% | |
| Total Shares Offered | 54,98,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| 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 |
Shyam Dhani Industries IPO raises ₹10.92 crore from anchor investors. Shyam Dhani Industries IPO Anchor bid date is December 19, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Dec 19, 2025 |
| Shares Offered | 15,60,000 |
| Anchor Portion (₹ Cr.) | 10.92 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jan 24, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Mar 25, 2026 |
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:
Shyam Dhani Industries Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 88.79 | 82.47 | 52.84 | 27.51 |
| Total Income | 63.83 | 124.75 | 107.64 | 68.10 |
| Profit After Tax | 4.20 | 8.04 | 6.30 | 2.92 |
| EBITDA | 8.66 | 14.52 | 10.88 | 5.97 |
| NET Worth | 27.81 | 23.61 | 15.56 | 9.26 |
| Reserves and Surplus | 12.93 | 8.73 | 14.42 | 8.12 |
| Total Borrowing | 48.18 | 47.24 | 24.45 | 12.75 |
| Amount in ₹ Crore | ||||
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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.31 | 4.07 |
| P/E (x) | 13.19 | 17.21 |
| Promoter Holding | 98.11% | 72% |
| Market Cap | ₹144.59 Cr. |
The Shyam Dhani Industries IPO is subscribed 988.29 times on December 24, 2025 6:19:59 PM (Day 3). The public issue subscribed 1,137.92 times in the individual investors category, 256.24 times in the QIB category, and 1,612.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 256.24 | 10,44,000 | 26,75,16,000 | 168 |
| NII* | 1,612.65 | 7,86,000 | 1,26,75,44,000 | 0 |
| bNII (bids above ₹10L) | 1,849.56 | 5,24,000 | 96,91,70,000 | |
| sNII (bids below ₹10L) | 1,138.83 | 2,62,000 | 29,83,74,000 | |
| Individual Investor | 1,137.92 | 18,28,000 | 2,08,01,12,000 | 5,20,028 |
| Total | 988.29 | 36,58,000 | 3,61,51,72,000 | 6,22,075 |
Total Application : 6,22,075
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers for managing the IPO | 0.42 |
| 2 | Fees payable to the Book Running Lead Manager as Underwriting commission | 2.31 |
| 3 | Selling commission/processing fee for SCSBs, Sponsor Banks and fee payable to the Sponsor Banks for Bids made by RIBs and brokerage and selling commission and bidding/uploading charges for members of the Syndicate (including their Sub-Syndicate Members), Registered Brokers, RTAs and CDPs | 0.05 |
| 4 | Advertising and marketing expenses | 0.65 |
| 5 | Fees payable to the Legal Advisors | 0.03 |
| 6 | Fees payable to the Registrar to the Issue | 0.15 |
| 7 | Fees payable to the to the regulators including Stock Exchanges | 0.22 |
| 8 | Printing and distribution of issue stationery | 0.01 |
| 9 | Others (Bankers to the Issue, auditor’s fees etc. | 0.18 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹133.00 |
| Low | ₹133.00 |
| High | ₹139.65 |
| Last Trade | ₹139.65 |
Lead Manager Reports
Shyam Dhani Industries IPO is a SME IPO of 54,98,000 equity shares of the face value of ₹10 aggregating up to ₹38 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Dec 22, 2025, and closes on Wed, Dec 24, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shyam Dhani Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Shyam Dhani Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shyam Dhani Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shyam Dhani Industries IPO opens on Mon, Dec 22, 2025 and closes on Wed, Dec 24, 2025.
Shyam Dhani Industries IPO lot size is 2000, and the minimum amount required for application is ₹2,80,000, with 2 lots being the minimum application size.
You can apply in Shyam Dhani Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shyam Dhani Industries IPO will be done on Friday, December 26, 2025, and the allotted shares will be credited to your demat account by Mon, Dec 29, 2025. Check the Shyam Dhani Industries IPO allotment status.
The Shyam Dhani Industries IPO listing date is on Tue, Dec 30, 2025.
