Shyam Dhani Industries IPO Details
SME
Shyam Dhani Industries IPO opens for subscription on 22 Dec 2025 and closes on 24 Dec 2025. The IPO will be listed on NSE with the tentative listing date set for 30 Dec 2025.
Shyam Dhani Industries IPO price band has been fixed at ₹65 – ₹70 per share.The face value is ₹10 per share with a lot size of 2000.
Shyam Dhani Industries IPO total issue size comprises 54,98,000 shares (aggregating up to ₹38.49 Cr.). This includes a fresh issue of 54,98,000 shares (aggregating up to ₹38.49 Cr.). Pre-issue shareholding stands at 1,48,72,000, which will increase to 2,03,70,000 post-issue.
Shyam Dhani Industries IPO carries a ₹21 (30.0%) GMP, reflecting investor sentiment.
Shyam Dhani Industries IPO Lot Size : Individual Minimum is 2 lots (4,000 shares) amounting to ₹280,000. Individual Maximum is 2 lots (4,000 shares) amounting to ₹280,000. SHNI Minimum is 3 lots (6,000 shares) amounting to ₹420,000. SHNI Maximum is 7 lots (14,000 shares) amounting to ₹980,000. BHNI Minimum is 8 lots (16,000 shares) amounting to ₹1,120,000.
The Lead Managers for Shyam Dhani Industries IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Holani Consultants Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Holani Consultants. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Shyam Dhani Industries Limited RHP.
Shyam Dhani Industries IPO Details
Shyam Dhani Industries IPO Dates
- 22 Dec 2025Opening dateOPD
- 24 Dec 2025Closing dateCOD
- 26 Dec 2025Allotment Date BOA
- 29 Dec 2025Initiation of RefundsIOR
- 29 Dec 2025Credit of SharesCOS
- 30 Dec 2025Listing dateLID
Shyam Dhani Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 4000 | ₹280,000 |
| Individual Maximum | 2 | 4000 | ₹280,000 |
| SHNI Minimum | 3 | 6000 | ₹420,000 |
| SHNI Maximum | 7 | 14000 | ₹980,000 |
| BHNI Minimum | 8 | 16000 | ₹1,120,000 |
Shyam Dhani Industries IPO Reservation
Promoter Holding
Shyam Dhani Industries IPO Valuations
Shyam Dhani Industries Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 88.79 | 82.47 | 52.84 | 27.51 |
| Total Income | 63.83 | 124.75 | 107.64 | 68.10 |
| Profit After Tax | 4.20 | 8.04 | 6.30 | 2.92 |
| EBITDA | 8.66 | 14.52 | 10.88 | 5.97 |
| NET Worth | 27.81 | 23.61 | 15.56 | 9.26 |
| Reserves and Surplus | 12.93 | 8.73 | 14.42 | 8.12 |
| Total Borrowing | 48.18 | 47.24 | 24.45 | 12.75 |
| Amount in ₹ Crore | ||||
About Shyam Dhani Industries IPO
Incorporated in 1995, Shyam Dhani Industries Limited is an ISO-certified company engaged in the manufacturing, processing, trading, exporting, wholesaling, and supply of a wide range of premium spices and grocery products. The Company offers an extensive portfolio of ground, blended, and whole spices, along with specialty seasonings and herbs, marketed under its flagship brand “SHYAM.”
The Company processes over 163 varieties of spices, catering to diverse culinary requirements across domestic and international markets. In addition to spices, Shyam Dhani Industries trades and distributes a broad range of grocery products such as black salt, rock salt, rice, poha, kasuri methi, and value-added seasonings including oregano, peri peri, chilli flakes, mixed herbs, onion flakes, and tomato powder.
Its manufacturing facility is located in Jaipur, Rajasthan, and is equipped to handle large-scale processing with stringent quality control standards. The Company’s distribution network spans multiple sales channels, including General Trade (wholesalers and distributors), Modern Trade (supermarkets and retail chains), and Quick Commerce platforms, ensuring widespread product accessibility. It also serves the Private Label, HoReCa (Hotel, Restaurant & Catering), and Export segments.
As of November 30, 2025, Shyam Dhani Industries Limited employed 394 personnel across key functions such as production and operations, quality control, marketing and logistics, finance and compliance, maintenance, and management, supporting its scalable business operations and sustained growth.
Strength Of Shyam Dhani Industries IPO
- Integrated Pest Management (IPM).
- Experienced management team and promoters with qualified workforce.
- Established manufacturing facility and integrated production with cost efficiencies.
- Diversified product portfolio.
- Strong and consistent financial performance.
- Long and strong relationship with customers and dealers and efficient supply chain management.
Risk Of Shyam Dhani Industries IPO
- We are dependent upon a limited number of suppliers 42.11%, 40.86%, 58.66% and 68.70% of our Total Purchases are derived from our top 10 suppliers for the period ended on September 30, 2025 and for the Fiscal Years ended on March 31, 2025, 2024 and 2023. Further our 5.96%, 13.20%, 27.88% and 22.28% of our total purchases for the period ended on September 30, 2025 and for the Fiscal Years ended on March 31, 2025, 2024 and 2023 are procured from our group company and members of our Promoter Group. Our company do not have long-term contracts with any of our suppliers. Any disruption in the supply of raw materials or any failure of our suppliers to deliver these products in the necessary quantities or to adhere to delivery schedules, credit terms or specified quality standards and technical specifications may adversely affect our business and our ability to deliver orders on time at the desired level of quality.
- We may face shortage of Raw Materials because of the seasonal nature of our purchase.
- Our products are semi-perishable in nature and the shelf life of our products ranges from 4-18 months. Inaccurate demand forecasting for our semi-perishable product can result in excess inventory and waste which, in turn, could have an adverse effect on our business, financial condition, results of operations and cash flows.
- Our Company requires significant amounts of working capital for continued growth. Our inability to meet our working capital requirements may have an adverse effect on the results of operations. Further, failure to manage our inventory could have an adverse effect on our sales, profitability, cash flow and liquidity.
- Our Company, our Group Company, our Promoters and our Directors other than promoters are involved in certain legal proceedings. Any adverse decision in such proceedings may render us / them liable to liabilities / penalties and may adversely affect our business and results of operations.
- We are dependent on and derive our 57.86 %, 56.39%, 57.92% and 45.05% of revenue from our top 10 key customers for the period ended on September 30, 2025 and during the fiscal year ended on March 31, 2025, 2024 and 2023. Decreasing the revenues we derive from them could materially and adversely affect our business, results of operations, cash flow and financial condition.
- A significant portion of our revenue is generated by General Trade and Modern Trade. 95.71%, 97.89%, 98.80% and 93.42% of our revenue for the period ended on September 30, 2025 and for the fiscal years ended on March 31, 2025, 2024 and 2023 is generated from these channels. Any disruption or loss of key trade partners could adversely impact on our financial performance.
- A significant portion of our revenue is derived from the sale of Ground Spices, which accounted for 47.11%, 49.68%, 51.63% and 69.07% of our revenue from operations for the period ended on September 30, 2025 and for the fiscal years ended March 31, 2025, 2024, and 2023, respectively. If we are unable to anticipate or respond to changing consumer preferences, maintain consistent product quality, or if there is a decline in demand for these products, it could adversely impact our revenue and growth prospects.
- The strength of our brand is crucial to our success, and we may not succeed in continuing to maintain and develop our brand. Negative publicity, whether true or not, regarding our products' quality, variety, or pricing could harm our reputation and consumer trust. Even false claims or misbranding allegations could severely impact our brand value, potentially leading to a material adverse effect on our business, operations, and financial condition.
- We may not be able to protect our intellectual property rights from infringement and it could have a material impact on our goodwill, business operations, financial condition and results of operations.
Objectives Shyam Dhani Industries IPO
1. Purchase of machineries for installation at existing manufacturing unit located at Khasra No. 06/1067 Manpura Road, Jatawali, near Delhi bypass, Tehsil – Chomu, Jaipur, Rajasthan
2. Purchase of 200 KW Solar Rooftop Grid-connected PV System
3. Part Repayment of existing Cash Credit Facility availed by the company from scheduled commercial banks
4. Funding the incremental working capital requirements of the company
5. General Corporate Purpose
Company Contact Details
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Read more about Shyam Dhani Industries Limited IPO
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