Shyam Dhani Industries IPO
IPO Listing Details
- Listing Date
30 Dec 2025
- Listing Price
₹ 133.00
- Listing Change
90.00%
- Last Traded Price
₹ 96.05
Shyam Dhani Industries IPO Details
-
Open Date
22 Dec 2025
-
Close Date
24 Dec 2025
-
Listing Date
30 Dec 2025
- IPO Price Range
₹ 65 to ₹70
- IPO Size
₹ 38.49 Cr
- Listing Exchange
NSE SME
Shyam Dhani Industries IPO Timeline
Shyam Dhani Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 22-Dec-2025 | 10.43 | 76.76 | 88.58 | 63.73 |
| 23-Dec-2025 | 10.70 | 372.63 | 353.77 | 259.91 |
| 24-Dec-2025 | 256.24 | 1,612.58 | 1,137.28 | 987.96 |
Last Updated: 24 December 2025 7:24 PM by 5paisa
Shyam Dhani Industries Limited, incorporated in 2010 and headquartered in Jaipur, Rajasthan, is an established manufacturer, exporter, wholesaler and supplier of premium spices under the “SHYAM” brand. The company processes a diverse portfolio of ground, blended and whole spices and also trades grocery products and seasonings like salts, rice, poha and herbs. It has a strong presence across domestic markets and exports, supported by experienced promoters and ISO-certified operations focused on quality, hygiene, and flavour
Established in: 2010
Managing Director: Ramawtar Agarwal
Shyam Dhani Industries Objectives
1. Funding the incremental working capital requirements of the company (₹13.26 Cr)
2. Repayment/pre-payment, in full or in part, of certain outstanding borrowings (₹10 Cr)
3. Brand Creation and Marketing Expenses (₹6.36 Cr)
4. Capital Expenditure towards the purchase of new additional machineries to be installed at the existing manufacturing unit (₹1.63 Cr)
5. Purchase and installation of Solar Rooftop Plant at the existing manufacturing unit (₹0.65 Cr)
6. General Corporate Purpose
Shyam Dhani Industries IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹38.49 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹38.49 Cr |
Shyam Dhani Industries IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 2,60,000 |
| Retail (Max) | 2 | 4,000 | 2,80,000 |
| S-HNI (Min) | 3 | 6,000 | 3,90,000 |
| S-HNI (MAX) | 7 | 14,000 | 9,80,000 |
| B-HNI (Min) | 8 | 16,000 | 11,20,000 |
Shyam Dhani Industries IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 256.24 | 10,44,000 | 26,75,16,000 | 1,872.61 |
| Non-Institutional Buyers | 1,612.58 | 7,86,000 | 1,26,74,84,000 | 8,872.39 |
| bNII (bids above ₹10L) | 1,849.56 | 5,24,000 | 96,91,70,000 | 6,784.19 |
| sNII (bids below ₹10L) | 1,138.60 | 2,62,000 | 29,83,14,000 | 2,088.20 |
| Individual Investors (IND category bidding for 2 Lots) | 1,137.28 | 18,28,000 | 2,07,89,40,000 | 14,552.58 |
| Total** | 987.96 | 36,58,000 | 3,61,39,40,000 | 25,297.58 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 67.95 | 107.60 | 124.68 |
| EBITDA | 5.97 | 10.88 | 14.52 |
| PAT | 2.92 | 6.30 | 8.04 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 27.51 | 52.84 | 82.47 |
| Share Capital | 1.14 | 1.14 | 14.87 |
| Total Liabilities | 27.51 | 52.84 | 82.47 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 3.45 | -3.26 | -3.19 |
| Net Cash Generated From / (used in) Investing Activities | -2.52 | -4.40 | -13.80 |
| Net Cash Generated From / (used in) Financing Activities | -0.62 | 9.95 | 20.10 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -0.13 | 0.15 | 0.13 |
Strengths
1. Diversified product portfolio with 163+ spice and grocery SKUs.
2. Integrated manufacturing and quality control at Jaipur facility.
3. Multi-channel distribution including general trade, modern trade & exports.
4. Consistent revenue and profit growth in recent years.
Weaknesses
1. Raw material price volatility affects margins.
2. Working capital intensive business model.
3. Dependency on agro produce supply cycles.
4. Concentrated operations mainly in Rajasthan.
Opportunities
1. Expansion into export markets and private label segments.
2. Growth via quick commerce and e-commerce channels.
3. New product innovation and spices variants.
4. Rising organized spices consumption in India.
Threats
1. Intense competition from large FMCG brands.
2. Commodity supply shocks and climatic risks.
3. Fluctuating consumer preferences.
4. SME listing size limits capital market depth.
1. Established “Shyam” brand with a diversified spices and grocery portfolio.
2. Integrated manufacturing with a strong focus on quality and consistency.
3. Positioned to benefit from rising demand for branded, packaged foods.
4. Experienced promoters supported by a growing distribution network.
Shyam Dhani Industries operates in India’s fragmented yet fast-organising spices and food products market, driven by rising branded consumption and demand for quality-assured products. As per the RHP/DRHP, the company’s wide product range across spices and grocery items, established “Shyam” brand, and expanding domestic and export footprint position it to benefit from shifts from loose to packaged foods. Growth is expected to be supported by distribution expansion, product diversification, and increasing preference for trusted regional brands.
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FAQs
Shyam Dhani Industries IPO opens from December 22, 2025, to December 24, 2025.
The size of Shyam Dhani Industries IPO is ₹38.49 Cr.
The price band of Shyam Dhani Industries IPO is fixed at ₹65 to ₹70 per share.
To apply for Shyam Dhani Industries IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Shyam Dhani Industries IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Shyam Dhani Industries IPO is of 2,000 shares and the investment required is ₹2,80,000.
The share allotment date of Shyam Dhani Industries IPO is December 26, 2025
The Shyam Dhani Industries IPO will likely be listed on 30 December 2025.
Holani Consultants Private Liited is the book running lead manager for Shyam Dhani Industries Ltd IPO.
Shyam Dhani Industries IPO plans to utilise the raised capital from the IPO for:
1. Funding the incremental working capital requirements of the company (₹13.26 Cr)
2. Repayment/pre-payment, in full or in part, of certain outstanding borrowings (₹10 Cr)
3. Brand Creation and Marketing Expenses (₹6.36 Cr)
4. Capital Expenditure towards the purchase of new additional machineries to be installed at the existing manufacturing unit (₹1.63 Cr)
5. Purchase and installation of Solar Rooftop Plant at the existing manufacturing unit (₹0.65 Cr)
6. General Corporate Purpose