Shyam Dhani Industries Limited IPO
Shyam Dhani Industries Limited IPO
Price Band
₹65 - ₹70
Total Issue
₹38.49 Cr
Bid Dates
22 Dec - 24 Dec
Subscription
988.40x
Est. GMP
₹70 (100.00%)
Tentative Timetable
Business Overview
Shyam dhani is engaged in manufacturing and processing 164 varieties of spices, including ground spices, blended spices, and whole spices, marketed under the “SHYAM” brand. Along with its spice portfolio, the company also trades and distributes a range of grocery products such as black salt, rock salt, rice, poha, and kasuri methi. It further offers a diverse selection of herbs and seasonings, including oregano, peri peri, chilli flakes, mixed herbs, onion flakes, and tomato powder, catering to both household and commercial requirements.
Lot Info
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Individual (Min) | 2 | 4,000 | ₹2,80,000 |
| Individual (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 |
Issue Size
Objects of the Issue
A1
A2
A3
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 29 Dec | ₹70 (100%) | ₹140 |
| 28 Dec | ₹70 (100%) | ₹140 |
| 27 Dec | ₹70 (100%) | ₹140 |
| 26 Dec | ₹70 (100%) | ₹140 |
| 25 Dec | ₹70 (100%) | ₹140 |
| 24 Dec | ₹62 (88.6%) | ₹132 |
| 23 Dec | ₹62 (88.6%) | ₹132 |
| 22 Dec | ₹50 (71.4%) | ₹120 |
| 21 Dec | ₹47 (67.1%) | ₹117 |
| 20 Dec | ₹47 (67.1%) | ₹117 |
| 19 Dec | ₹40 (57.1%) | ₹110 |
| 18 Dec | ₹35 (50%) | ₹105 |
| 17 Dec | ₹27 (38.6%) | ₹97 |
| 16 Dec | ₹21 (30%) | ₹91 |
| 15 Dec | ₹21 (30%) | ₹91 |
| 14 Dec | ₹21 (30%) | ₹91 |
| 13 Dec | ₹21 (30%) | ₹91 |
| 12 Dec | ₹0 (0%) | ₹70 |
| 11 Dec | ₹10 (14.3%) | ₹80 |
| 10 Dec | ₹0 (0%) | ₹70 |
| 15 Apr | ₹47 (67.1%) | ₹117 |
| 15 Apr | ₹47 (67.1%) | ₹117 |
Shyam Dhani IPO Peer Comparison
(Rs. in crores)
| Particulars | Shyam dhani | Madhusudan masala | NHC Foods |
|---|---|---|---|
| Revenue | 124.68 | 216.50 | 341.41 |
| PAT | 8.04 | 11.67 | 6.69 |
| EPS | 5.41 | 8.49 | 0.31 |
| NAV | 15.87 | 63.10 | 1.39 |
| RONW | 34.07% | 12.77% | 8.09% |
| EBITDA | 11.65% | 10.26% | 4.30% |
| PAT Margin | 6.45% | 5.39% | 1.96% |
| PE Ratio | 12.94 | 13.56 | 3.06 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 3, 2025 for Peers
Financial Performance
(Rs. in crores)
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 63.78 | 124.68 | 107.61 | 67.95 |
| PAT | 4.20 | 8.04 | 6.30 | 2.92 |
| Net Worth | 27.81 | 23.61 | 15.56 | 9.26 |
| Borrowings | 48.18 | 47.24 | 24.45 | 12.75 |
| Assets | 88.79 | 82.47 | 52.84 | 27.51 |
| NAV (₹) | 18.70 | 15.87 | 10.47 | 6.23 |
| EPS (₹) | 2.82 | 5.41 | 4.24 | 1.97 |
KPIs
EBITDA
11.65%
PAT
6.45%
ROE
41.06%
ROCE
39.00%
PE Ratio
12.94
PB Ratio
4.41
Mkt Cap (in Crs.)
144.59
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Shareholding
Promoter
98.11%
Public
1.89%
Management
Subscription Status
Updated as on 24-Dec-2025 19:00:43 hrs
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 256.24x | 10,44,000 | 26,75,16,000 |
| NII | 1,612.72x | 7,86,000 | 1,26,75,98,000 |
| bHNI | 1,849.56x | 5,24,000 | 96,91,70,000 |
| sHNI | 1,139.04x | 2,62,000 | 29,84,28,000 |
| Individual Investor | 1,137.95x | 18,28,000 | 2,08,01,64,000 |
| Total | 988.32x | 36,58,000 | 3,61,52,78,000 |
Frequently Asked Questions
What is Shyam Dhani IPO?
When will Shyam Dhani IPO open?
What is the GMP of Shyam Dhani IPO?
What is the lot size of Shyam Dhani IPO?
When is the allotment of Shyam Dhani IPO?
What is the listing date of Shyam Dhani IPO?
What is the subscription of Shyam Dhani IPO?
What is the price band of Shyam Dhani IPO?
How to check allotment status of Shyam Dhani IPO?
How to apply Shyam Dhani IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Shyam Dhani IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Shyam Dhani IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Shyam Dhani IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date