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Shyam Dhani Industries IPO
₹1,30,000/2,000 shares
Minimum Investment
IPO Details
22 Dec 25
24 Dec 25
₹1,30,000
2,000
₹65 to ₹70
NSE
₹38.49 Cr
30 Dec 25
Open Free Demat Account
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?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
- 1Login to your HDFC SKY Account
- 2Select Issue
- 3Enter Number of Lots and your Price.
- 4Enter UPI ID
- 5Complete Transaction on Your UPI App
FAQs On Shyam Dhani Industries IPO
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