Shyam Dhani Industries IPO

₹1,30,000/2,000 shares

Minimum Investment

IPO Details

Open Date

22 Dec 25

Close Date

24 Dec 25

Minimum Investment

₹1,30,000

Lot Size

2,000

Price Range

₹65 to ₹70

Listing Exchange

NSE

Issue Size

₹38.49 Cr

Listing Date

30 Dec 25

Open Free Demat Account

Shyam Dhani Industries IPO Timeline

Bidding Start

22 Dec 25

Bidding Ends

24 Dec 25

Allotment Finalisation

26 Dec 25

Refund Initiation

29 Dec 25

Demat Transfer

29 Dec 25

Listing

30 Dec 25

Shyam Dhani Industries Limited

Incorporated in 1995, Shyam Dhani Industries Limited is an ISO-certified manufacturer, exporter, and supplier of premium spices, spice powders, and whole spices under the brand name “SHYAM.” The company trades grocery products like black salt, rock salt, rice, poha, kasuri methi, and various herbs and seasonings. With a manufacturing unit in Jaipur, Rajasthan, it operates through general trade, modern retail chains, quick commerce platforms, private labelling, HoReCa sales, and export markets, ensuring wide product accessibility while promoting sustainable and ethical sourcing practices.

Shyam Dhani Industries Limited IPO Overview

Shyam Dhani Industries IPO is a book building issue of ₹38.49 Crores, entirely a fresh issue of 0.55 crore shares. The IPO opens for subscription on 22 Dec 2025 and closes on 24 Dec 2025, with allotment expected on 26 Dec 2025. Shares will be listed on NSE SME, tentatively on 30 Dec 2025. The price band is set at ₹65 to ₹70 per share. Retail investors can apply for a minimum of 2,000 shares, while HNI investors have a minimum lot of 6,000 shares. Holani Consultants Pvt. Ltd. is the book running lead manager, Bigshare Services Pvt. Ltd. is the registrar, and the company’s market maker is Holani Consultants Pvt. Ltd.

Shyam Dhani Industries Limited IPO Details

Particulars	Details
IPO Date	22 Dec 2025 to 24 Dec 2025
Listing Date	30 Dec 2025
Face Value	₹10 per share
Price Band	₹65 to ₹70 per share
Lot Size	2,000 Shares
Total Issue Size	54,98,000 shares (aggregating up to ₹38.49 Cr)
Fresh Issue	54,98,000 shares (aggregating up to ₹38.49 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	1,48,72,000 shares
Share Holding Post Issue	2,03,70,000 shares
Market Maker Portion	2,80,000 shares

Shyam Dhani Industries IPO Reservation

Investor Category	Shares Offered
Market Maker	2,80,000 (5.09%)
QIB	26,04,000 (47.36%)
NII (HNI)	7,86,000 (14.30%)
Retail	18,28,000 (33.25%)
Total Shares Offered	54,98,000 (100.00%)

Shyam Dhani Industries 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

Shyam Dhani Industries IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	98.11%
Post-Issue	73.06%

Shyam Dhani Industries IPO Valuation Overview

KPI	Value
EPS	5.41 (Pre-IPO) / 4.12 (Post-IPO)
P/E Ratio	12.95 (Pre-IPO) / 16.97 (Post-IPO)
RoNW	34.07%
PAT Margin	6.45%
EBITDA Margin	11.65%
Debt to Equity Ratio	2.00
Price to Book Value	4.41

Objectives of the Proceeds

Purchase of machineries at Jaipur unit – ₹9.13 Cr

Installation of 200 KW Solar Rooftop PV System – ₹6.6 Cr

Part repayment of existing cash credit facility – ₹70 Cr

Funding incremental working capital – ₹146.5 Cr

General corporate purposes

Key Financials (in ₹ crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	82.47	52.84	27.51
Revenue	124.75	107.64	68.10
Profit After Tax	8.04	6.30	2.92
Reserves and Surplus	8.73	14.42	8.12
Total Borrowings	47.24	24.45	12.75

SWOT Analysis of Shyam Dhani Industries IPO

Strength and Opportunities

Experienced management team and skilled workforce
Strong manufacturing facility in Jaipur
Wide product range including spices and grocery items
Established brand “SHYAM” with customer loyalty
Consistent financial performance and revenue growth

Risks and Threats

High dependence on domestic spice market
Vulnerability to raw material price fluctuations
Limited global market penetration
Competition from unorganised spice suppliers
Regulatory and compliance risks

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About Shyam Dhani Industries Limited

Shyam Dhani Industries IPO Strengths

Promoters and management team possess extensive experience and technical expertise.

Well-established presence in domestic and international spice markets.

Maintains long-term client relationships with consistent repeat business.

Strong and reliable supplier network supporting operations.

Large, integrated manufacturing facility strategically located for operational efficiency.

Adheres to quality standards with recognized certifications and accreditations.

How to apply IPO with HDFC SKY?

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1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App