Shyam Dhani Industries Limited Link 
Allotment
Shyam Dhani Industries IPO is a book-built issue aggregating ₹38.49 crore, comprising entirely of a fresh issue of 0.55 crore equity shares.
The IPO will open for subscription on December 22, 2025, and close on December 24, 2025. The basis of allotment is expected to be finalized on December 26, 2025, and the shares are proposed to be listed on the NSE SME platform on December 30, 2025.
The price band for the IPO is fixed between ₹65 and ₹70 per share. The application lot size is 2,000 shares. Retail investors are required to apply for a minimum of 2 lots (4,000 shares), translating to a minimum investment of ₹2,80,000 at the upper price band. For HNI investors, the minimum application is 3 lots (6,000 shares), amounting to an investment of ₹4,20,000.
Holani Consultants Pvt. Ltd. is acting as the Book Running Lead Manager as well as the Market Maker for the issue, while Bigshare Services Pvt. Ltd. has been appointed as the Registrar to the Issue.
Investors are advised to refer to the Shyam Dhani Industries IPO Red Herring Prospectus (RHP) for comprehensive details.
₹70
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Open
₹70
HIgh - Low
₹70
Previous Close
₹70
Total Traded Value
0
52 Weeks High
₹70
52 Weeks Low
₹70
Updates On
Dec 15, 2025
IPO. Open
Dec 22, 2026
IPO. Close
Dec 24, 2026
IPO. Price
₹70.00
IPO Market price
₹144.59 Cr
IPO Details
| IPO Date | 30 Dec |
| IPO Listing Date | 30 Dec |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹70.00 |
| IPO Issue Size | 54,98,000 equity shares |
| IPO Sale Type | Fresh Issue |
| Employee Discount | - |
| IPO Issue Type | 100 % Book Building |
| IPO Listing | EMERGE Platform of NSE |
| Share Holding Pre Issue | 1,48,72,000 shares |
IPO Timeline
| IPO Open Date | 22 Dec |
| IPO Close Date | 24 Dec |
| IPO Allotment (Tentative) | 26 Dec |
| Refunds | 29 Dec |
| Credit to Demat Account | 29 Dec |
| IPO Listing Date | 30 Dec |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue (can be ~27,49,000 shares) |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue or the Net Issue less allocation to QIB Bidders (can be ~8,24,700 shares) |
| Retail Shares Offered | Not less than 35% of the Net Issue or Net Issue less allocation to QIBs (can be ≈ 19,24,300 shares) |
IPO Lot Size
Investors can bid for a minimum of 4,000 shares, and in multiples of 2,000 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,80,000 |
| Retail (Max) | 2 | 4,000 | ₹2,80,001 |
| 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 |
Incorporated in 1995, Shyam Dhani Industries Limited is an ISO-certified company engaged in the manufacturing, trading, exporting, and supplying of premium spices and grocery products. The company offers a wide range of spice powders, whole spices, blended spices, and seasonings, marketed under its flagship brand “SHYAM.”
The company processes 163 varieties of spices, covering ground, blended, and whole formats. In addition to spices, Shyam Dhani Industries trades and distributes various grocery products such as black salt, rock salt, rice, poha, and kasuri methi, along with an assortment of herbs and seasonings, including oregano, peri peri, chilli flakes, mixed herbs, onion flakes, and tomato powder.
The manufacturing facility is located in Jaipur, Rajasthan, supporting integrated production and quality control.
Shyam Dhani Industries operates through multiple distribution channels, including General Trade (wholesalers and distributors), Modern Trade (supermarkets and retail chains), and Quick Commerce platforms (mobile apps), ensuring wide product availability. The company also caters to Private Label clients, HoReCa (Hotels, Restaurants, and Catering) customers, and export markets.
As of November 30, 2025, the company employed 394 personnel across key functions such as accounts and finance, compliance, maintenance, marketing and logistics, production and operations, quality assurance, senior management, and permanent labor.
Core Activities of Shyam Dhani Industries Limited:
Manufacturing and processing of spices (whole, ground, and blended)
Trading and distribution of grocery products and seasonings
Brand-led retail and wholesale sales under the “SHYAM” brand
Private label manufacturing
HoReCa (Hotel, Restaurant, Catering) supply
Company Financials (Consolidated)
| Assets | ₹88.79 Cr | ₹82.47 Cr | ₹52.84 Cr |
| Total Income | ₹63.83 Cr | ₹124.75 Cr | ₹107.64 Cr |
| Profit After Tax | ₹4.20 Cr | ₹8.04 Cr | ₹6.30 Cr |
| EBITDA | ₹8.66 Cr | ₹14.52 Cr | ₹10.88 Cr |
| NET Worth | 27.81 | 23.61 | 15.56 |
| Reserves and Surplus | 12.93 | 8.73 | 14.42 |
| Total Borrowing | 48.18 | 47.24 | 24.45 |
Key Performance Indicator (KPI)
| ROE | 41.06% |
| ROCE | 39.00% |
| Debt/Equity | - |
| RoNW | 34.07% |
| PAT Margin | 6.45% |
| EBITDA Margin | 11.65% |
| Price to Book Value | 4.41 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | ₹146.50 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Shyam Dhani Industries Ltd. Address
F-438-A
Road No. 12,
VKIA
Jaipur, Rajasthan, 302013
+91 9257061811
info@shyamspices.co.in
Detail Registrar
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
The Shyam Dhani Industries IPO will open for subscription on December 22, 2025, and close on December 24, 2025, with allotment expected on December 26, 2025
The IPO price band is ₹65 to ₹70 per share. Retail investors must apply for at least 4,000 shares, requiring a minimum investment of ₹2,80,000.
Shyam Dhani Industries shares are proposed to be listed on the NSE Emerge SME platform, with a tentative listing date of December 30, 2025.
The IPO proceeds will be used for installing a solar rooftop system, meeting incremental working capital requirements, and funding general corporate purposes.
The company reported 16% revenue growth and 28% growth in profit after tax in FY2025, indicating steady operational performance and improving profitability.
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