Shyam Dhani Industries IPO
Shyam Dhani Industries
Shyam Dhani Industries IPO IPO, a SME IPO opens for subscription soon. The price band is set between ₹65 –70 , with a face value of ₹10 . Retail investors can apply with a minimum of 1 lot, each comprising 2,000 shares — amounting to ₹140,000 at the upper price. The tentative listing date on the exchange (NSE) is December 30, 2025.
Stay tuned for more on Shyam Dhani Industries IPO including business overview, financial performance, live subscription by category, allotment links, daily grey market premium (GMP), and listing performance. This information is for education only—GMP is indicative, not advice.
Shyam Dhani Industries IPO SME IPO Important Dates
Get important updates regarding Shyam Dhani Industries IPO SME IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
IPO Timeline & Key Dates
* Tentative; subject to confirmation.
Price Band & Investment Details
| Issue Size | ₹38.49 Cr |
| Issue Price | ₹65 – ₹70 |
| Face Value | ₹10/share |
| Market Lot | 2,000 shares |
| Retail Min Investment | ₹140,000 |
| Listing At | NSE |
| Sale Type | fresh issue |
| Reserved for Market Maker | ₹1.96 Cr |
| Issue Type | book building |
Shyam Dhani Industries IPO Grey Market Premium (GMP) - Current & Historical Rates
Last updated: 22 hours ago
Shyam Dhani Industries IPO Grey Market Premium (GMP) History - Track Record & Historical Data
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 16 Dec 2025 Latest | ₹70 | ₹27 | ₹97 | ₹27 |
38.57%
|
12:00 PM |
| 15 Dec 2025 | ₹70 | ₹21 | ₹91 | ₹21 |
30%
|
12:00 PM |
| 14 Dec 2025 | ₹70 | ₹21 | ₹91 | ₹21 |
30%
|
12:00 PM |
| 13 Dec 2025 | ₹70 | ₹21 | ₹91 | ₹21 |
30%
|
12:00 PM |
Subscription (Latest Snapshot)
View Detailed SubscriptionNo snapshot available yet.
Registrar
- Registrar
- Bigshare Services Private Limited
- Registrar Phone
- +91-22-6263 8200
- Registrar Email
- ipo@bigshareonline.com
- Registrar Address
- Office No S6-2 6th Floor, Pinnacle Business Park, Mahakali Caves Rd, next to Ahura Centre, Andheri East Mumbai - 400093
Shyam Dhani Industries IPO Investment Limits
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹140,000 |
| Retail (Max) | 1 | 2,000 | ₹140,000 |
| S-HNI (Min) | 2 | 4,000 | ₹280,000 |
| S-HNI (Max) | 7 | 14,000 | ₹980,000 |
| B-HNI (Min) | 8 | 16,000 | ₹1,120,000 |
Bidding Limits
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only bNII | Big NII (bNII) category is reserved for institutional bids exceeding ₹10,00,000, requiring a minimum application of 8 lots (16,000 shares), with no upper limit on the maximum number of shares they can bid for. |
No |
| Only RII | Retail Individual Investors (RIIs) have a restricted bidding limit, with a mandatory minimum and maximum application size of 2 lots, or 4,000 shares, corresponding to an investment of exactly ₹2,80,000 at the price of ₹70 per share. All applications across both categories must be submitted in multiples of the 2,000-share lot size, ensuring strict adherence to the defined investment tiers. |
No |
| Only sNII | The Small NII (sNII) category is designated for applications ranging from just over the minimum retail limit (starting at 3 lots or ₹4,20,000) up to a maximum investment of ₹10,00,000, which corresponds to 7 lots (14,000 shares). |
No |
Promoter Holding
The Promoters of the company, are Mr. Ramawtar Agarwal, Mrs. Mamta Devi Agarwal and Mr. Vithal Agarwal.
IPO Reservation
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Market Maker Shares Offered | 280,000 (5.09%) | NA |
| QIB Shares Offered | 2,604,000 (47.36%) | NA |
|
•
Anchor Investor Shares Offered
|
1,560,000 (28.37%) | NA |
|
•
QIB (Ex. Anchor) Shares Offered
|
1,044,000 (18.99%) | NA |
| NII (HNI) Shares Offered | 786,000 (14.30%) | NA |
|
•
bNII > ₹10L
|
524,000 (9.53%) | NA |
|
•
sNII < ₹10L
|
262,000 (4.77%) | NA |
| Retail Shares Offered | 1,828,000 (33.25%) | NA |
| Total Shares Offered | 5,498,000 (100.00%) | — |
Company Overview
Shyam Dhani Industries Limited, established in 2010 and headquartered in Jaipur, Rajasthan, is an ISO-certified manufacturer, exporter, wholesaler, and supplier specializing in premium spices and allied grocery products. Operating under the "SHYAM" brand, the company produces and processes 164 varieties of spices, including ground spices, blend spices, whole spices, masala powders, herbal powders, and seasonings like peri peri, chilli flakes, and vegetable powders. It also trades essential grocery items such as black salt, rock salt, rice, poha, and dried fenugreek. Raw materials are sourced directly from Indian mandis and suppliers, with processing at its facility in Chomu, Jaipur. The company serves a growing domestic market while expanding exports, capitalizing on the shift toward branded, organized spice consumption.
Growth
Shyam Dhani has demonstrated robust financial expansion, with revenue surging 57% year-over-year to ₹68.1 crore for FY23, reflecting a compounded annual growth rate (CAGR) of 57% in the recent period. Profitability has accelerated even more impressively, rising 179.7% in FY23 amid inflationary pressures in the FMCG sector, which saw 8-9% value growth. This trajectory is fueled by increasing demand for branded spices and strategic initiatives like enhanced working capital, debt reduction, and capex for scaling operations. The upcoming IPO, aiming to raise ₹38.49 crore through a fresh issue of up to 57.84 lakh equity shares at ₹65-70 per share, will further support brand promotion (including celebrity endorsements) and distribution reach.
Key Strengths
- Diverse Product Portfolio: Offers over 164 spice varieties and complementary groceries, enabling cross-selling and catering to varied consumer preferences in the competitive FMCG space.
- Established Brand and Supply Chain: The "SHYAM" brand benefits from direct sourcing and in-house processing, ensuring quality control, cost efficiency, and reliable supply across India with emerging export channels.
- Operational Scale and Certifications: ISO certification underscores quality standards, while a workforce of 153 employees supports efficient production at its Jaipur facility, positioning it for pan-India growth.
- Strategic Market Positioning: Well-aligned with industry trends like organized retail and branded consumption, bolstered by plans for marketing investments to boost visibility and market share.
- Founded In
- 2010
- Managing Director
- Mr. Ramawtar Agarwal (Chairman and Managing Director)
- Headquarters
- F-438-A, Road No. 12, VKIA, Jaipur, Rajasthan 302013, India
- Website
- www.shyamspices.co.in
- Industry
- Consumer Food
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