Shyam Dhani Industries Limited IPO
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.
Price Band₹65 - ₹70 |
Dates22 Dec - 24 Dec |
GMP₹70 (100.00%) |
Subscriptions988.40 times |
Issue Size₹38.49 Crs |
Shyam Dhani IPO Key Dates
Opening Date
22 Dec 25
Closing Date
24 Dec 25
Basis Of Allotment
26 Dec 25
Initiations Of Refund
29 Dec 25
Credit Of Shares
29 Dec 25
Listing Date
30 Dec 25
Shyam Dhani IPO Objects
- Funding the incremental working capital requirements of the company
- Payment, in full or in part, of certain outstanding borrowings availed by the company
- Brand Creation & Marketing Expenses
- Purchase of new additional machineries to be installed at the existing manufacturing unit
- Purchase & installation of Solar Rooftop Plant at the existing manufacturing unit
- General corporate purposes
Shyam Dhani IPO Details
Price Band₹65 - ₹70 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹38.49 Cr (0.55 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹38.49 Cr (0.55 Cr Shares) |
Face Value₹10 per equity share |
Shyam Dhani IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
4,000
2,80,000
Maximum
2
4,000
2,80,000
|
|||
| Small HNI |
Minimum
3
6,000
4,20,000
Maximum
7
14,000
9,80,000
|
|||
| Big HNI |
Minimum
8
16,000
11,20,000
|
|||
Shyam Dhani IPO Subscription
Updated as on 24-Dec-2025 19:00:43 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 256.24 | 10,44,000 | 26,75,16,000 |
| NII | 1,613.08 | 7,86,000 | 1,26,78,78,000 |
| bNII | 1,850.10 | 5,24,000 | 96,94,50,000 |
| sNII | 1,139.04 | 2,62,000 | 29,84,28,000 |
| Individual Investor | 1,137.95 | 18,28,000 | 2,08,01,64,000 |
| Total | 988.40 | 36,58,000 | 3,61,55,58,000 |
Shyam Dhani IPO GMP
The estimated Grey Market Premium of Shyam Dhani IPO is ₹70 per share (100.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 2,80,000 EQ.Shares |
Shyam Dhani IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| 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.
Shyam Dhani IPO Peer Comparision
| 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
Shyam Dhani IPO Peer Comparision
| Particulars | Shyam dhani |
|---|---|
| Revenue | 124.68 |
| PAT | 8.04 |
| EPS | 5.41 |
| NAV | 15.87 |
| RONW | 34.07% |
| EBITDA | 11.65% |
| PAT Margin | 6.45% |
| PE Ratio | 12.94 |
| Madhusudan masala | NHC Foods |
|---|---|
| 216.50 | 341.41 |
| 11.67 | 6.69 |
| 8.49 | 0.31 |
| 63.10 | 1.39 |
| 12.77% | 8.09% |
| 10.26% | 4.30% |
| 5.39% | 1.96% |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Ramawtar Agarwal | 59.92% |
| Mamta Agarwal | 19.71% |
| Vithal Agarwal | 13.67% |
| Others | 4.81% |
| Total | 98.11% |
Management Details
| Name | Designation |
|---|---|
| Ramawtar Agarwal | Chairman & MD |
| Ajay Sharma | CFO |
Company Details
Name: Shyam Dhani Industries Limited
Address: F-438-A, Road No. 12, VKIA, Jaipur Rajasthan 302013 India.
Number: +91 9257061811
Email: info@shyamspices.co.in
Website: www.shyamspices.co.in
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Shyam Dhani IPO is a SME IPO having an issue size of Rs. ₹38.49 Crs. Shyam Dhani IPO is priced at ₹65 - ₹70 per share. The issue opens on 22 Dec 25 and closes on 24 Dec 25.
Shyam Dhani IPO opens on 22 Dec 25 and closes on 24 Dec 25.
The estimated Grey Market Premium of Shyam Dhani IPO is ₹70 per share (100.00%).
The minimum lot size of Shyam Dhani IPO is 2000 shares & the minimum application amount is Rs. 140000.
The allotment date of Shyam Dhani IPO is 26 Dec 25.
The listing date of Shyam Dhani IPO is 30 Dec 25.
Shyam Dhani IPO is subscribed 988.40 times.
Shyam Dhani IPO is priced at ₹65 - ₹70 per share.
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