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 ₹68 (97.14%) 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 Pvt Ltd. 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 Pvt Ltd. 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 Subscription
Shyam Dhani Industries IPO Application Wise Breakup
Shyam Dhani Industries IPO Dates
- 22 Dec 2025Opening dateOpen
- 24 Dec 2025Closing dateClose
- 26 Dec 2025Allotment Date Allotment
- 29 Dec 2025Initiation of RefundsRefund
- 29 Dec 2025Credit of SharesCredit
- 30 Dec 2025Listing dateListing
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
- The company dependent upon a limited number of suppliers 42.11%, 40.86%, 58.66% and 68.70% of its Total Purchases are derived from the company 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 the company 5.96%, 13.20%, 27.88% and 22.28% of its 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 its group company and members of the company Promoter Group. the company does not has long-term contracts with any of the company suppliers. Any disruption in the supply of raw materials or any failure of its 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 the company business and its ability to deliver orders on time at the desired level of quality.
- Its may face shortage of Raw Materials because of the seasonal nature of the company purchase.
- The company products are semi-perishable in nature and the shelf life of its products ranges from 4-18 months. Inaccurate demand forecasting for the company semi-perishable product can result in excess inventory and waste which, in turn, could has an adverse effect on the company business, financial condition, results of operations and cash flows.
- The Company requires significant amounts of working capital for continued growth. its inability to meet the company working capital requirements may has an adverse effect on the results of operations. Further, failure to manage our inventory could has an adverse effect on the company sales, profitability, cash flow and liquidity.
- The Company, its Group Company, the company Promoters and its Directors other than promoters are involved in certain legal proceedings. Any adverse decision in such proceedings may render it / them liable to liabilities / penalties and may adversely affect the company business and results of operations.
- The company dependent on and derive the company 57.86 %, 56.39%, 57.92% and 45.05% of revenue from its 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 its derive from them could materially and adversely affect the company business, results of operations, cash flow and financial condition.
- A significant portion of its revenue is generated by General Trade and Modern Trade. 95.71%, 97.89%, 98.80% and 93.42% of the company 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 its financial performance.
- A significant portion of the company revenue is derived from the sale of Ground Spices, which accounted for 47.11%, 49.68%, 51.63% and 69.07% of its 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 its 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 the company revenue and growth prospects.
- The strength of its brand is crucial to the company success, and its may not succeed in continuing to maintain and develop the company brand. Negative publicity, whether true or not, regarding its products' quality, variety, or pricing could harm the company reputation and consumer trust. Even false claims or misbranding allegations could severely impact its brand value, potentially leading to a material adverse effect on the company business, operations, and financial condition.
- Its may not be able to protect the company intellectual property rights from infringement and it could has a material impact on the company 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
Shyam Dhani Industries IPO - FAQs
The Shyam Dhani Industries IPO is a SME public issue comprising 5498000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹38.49 Cr.. The issue price has been fixed at ₹70 per equity share, and the minimum application size is 2000 shares.
The IPO opens for subscription on 22 Dec 2025, and closes on 24 Dec 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹68 (97.14%).