Shyam Dhani Industries IPO Details
The key details of Shyam Dhani Industries’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹38.49 Cr |
| Price Range | ₹65 - ₹70 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 4,000 |
| Investment (cut-off price) | ₹2,80,000 |
| Pre IPO Promotor Holding | 98.11% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Shyam Dhani Industries IPO Timelines
The IPO process for Shyam Dhani Industries includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
22/12/2025
Start Date24/12/2025
End Date29/12/2025
Refund Initiation29/12/2025
Credit of Shares to Demat Ac30/12/2025
Listing DateShyam Dhani Industries IPO Lot Size
The Shyam Dhani Industries IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹70 per share. For retail investors, the minimum and maximum application is 4,000 shares (2 lots) amounting to ₹2,80,000. For Small HNI (S-HNI) investors, the minimum application is 6,000 shares (3 lots) worth ₹4,20,000, while the maximum is 14,000 shares (7 lots) amounting to ₹9,80,000. Big HNI (B-HNI) investors need to apply for at least 16,000 shares (8 lots), totaling ₹11,20,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4000 | ₹2,80,000 |
| Retail Maximum | 2 | 4000 | ₹2,80,000 |
| S-HNI Minimum | 3 | 6000 | ₹4,20,000 |
| S-HNI Maximum | 7 | 14000 | ₹9,80,000 |
| B-HNI Minimum | 8 | 16000 | ₹11,20,000 |
Shyam Dhani Industries IPO Subscription Status
The subscription status for Shyam Dhani Industries IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 256.24x | 1,612.65x | 1,137.92x | -- | 988.29x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Shyam Dhani Industries IPO Company Financials
Shyam Dhani Industries reports robust performance in FY2026 September with Total Income of ₹63.83 crores, managing expenses at ₹58.19 crores, and achieving a strong PAT (Profit After Tax) of ₹4.20 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹68.10 | ₹63.87 | ₹2.92 |
| FY 2024 | ₹107.64 | ₹99.22 | ₹6.30 |
| FY 2025 | ₹124.75 | ₹113.98 | ₹8.04 |
| FY 2026 (6 M) | ₹63.83 | ₹58.19 | ₹4.20 |
About Company
Shyam Dhani Industries Limited, incorporated in 1995, is an ISO-certified manufacturer, exporter, wholesaler, and supplier of premium spices and grocery products under the brand name “SHYAM.” Operating from its manufacturing unit in Jaipur, Rajasthan, the company processes 163 varieties of spices, including ground, blended, and whole spices. Its product portfolio also includes grocery items such as black salt, rock salt, rice, poha, kasuri methi, and a wide range of herbs and seasonings like oregano, peri peri, chilli flakes, mixed herbs, onion flakes, and tomato powder.
The company distributes its products through General Trade, Modern Trade, and Quick Commerce platforms, ensuring wide market accessibility. In addition, it caters to Private Label, HoReCa (Hotel, Restaurant, Catering), and export markets. As of 30 November 2025, Shyam Dhani Industries Limited employed 394 people across key functions including production, quality, marketing and logistics, finance, compliance, maintenance, operations, management, and permanent labour.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1995 | Agricultural | Ramawtar Agarwal |
Know Before Investing
Shyam Dhani Industries IPO Strengths
- Revenue increased by 16% and PAT rose by 28% between FY24 and FY25, demonstrating strong operational momentum and business scaling.
- The company manufactures and markets a wide range of spices, pulses, grains, and food products through B2B, private labelling, HoReCa, exports, and D2C channels, reducing segment-specific risks.
- Strong network of distributors, retailers, institutional clients, and own website supports stable demand across domestic and export markets including UAE, Saudi Arabia, Oman, Nepal, and Mongolia.
- End-to-end processing capabilities optimise costs, ensure quality control, and enable scalability across multiple product categories.
- Presence in international markets provides geographic spread and exposure to global food demand trends beyond domestic cycles.
Shyam Dhani Industries IPO Risks
- As an agro-processor, raw material costs for spices, pulses, and grains are volatile; inability to pass on increases could compress margins.
- Faces intense rivalry from large branded players, unorganised local processors, and imports, pressuring pricing and market share.
- Agri-commodity processing involves inventory build-up and receivables cycles, requiring careful liquidity management especially during off-seasons.
- Operations centered around Jaipur, Rajasthan expose the business to regional economic or supply disruptions.
- Depends on institutional clients and private labelling contracts means revenue vulnerability if key relationships weaken or orders fluctuate.
Swot Analysis for Shyam Dhani Industries IPO
Strengths
Multi-Channel Distribution, Integrated Operations, Established Legacy
Weaknesses
Seasonal Raw Material Risk, Semi-Perishable Inventory, Working Capital Intensive
Opportunities
Export Market Expansion, Product Innovation, Quick Commerce Penetration
Threats
Intense Competition, Commodity Supply Shocks, Consumer Health Trends
Company Details
Shyam Dhani Industries Ltd.
F-438-A, Road No. 12, VKIA, Jaipur, Rajasthan, 302013
Phone: +91 9257061811
Email: info@shyamspices.co.in
Website: https://www.shyamspices.co.in/
IPO Registar Details
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Shyam Dhani Industries SME IPO are:
- Fees payable to the Book Running Lead Managers for managing the IPO
- Fees payable to the Book Running Lead Manager as Underwriting commission
- Selling commission/processing fee for SCSBs, Sponsor Banks and fee payable to the Sponsor Banks for Bids made by RIBs and brokerage and selling commission and bidding/uploading charges for members of the Syndicate (including their Sub-Syndicate Members), Registered Brokers, RTAs and CDPs
- Advertising and marketing expenses
- Fees payable to the Legal Advisors
- Fees payable to the Registrar to the Issue
- Fees payable to the to the regulators including Stock Exchanges
- Printing and distribution of issue stationery
- Others (Bankers to the Issue, auditor’s fees etc.)
Holani Consultants Pvt. Ltd. is the book-running lead managers for the Shyam Dhani Industries IPO.
Shyam Dhani Industries IPO offers growth potential driven by India’s branded spices market growing 12% to 15% annually, a diversified portfolio of 163 products, and multi channel distribution. Fresh issue funding of ₹38.49 crore supports working capital, expansion, higher volumes, and deeper penetration in urban and tier II and III markets.
The issue price for the Shyam Dhani Industries IPO is set between ₹65 to ₹70 per share.
To invest in one lot of Shyam Dhani Industries IPO, you need ₹2,60,000 at the lower price band (₹65 per share) or ₹2,80,000 at the upper price band (₹70 per share) for a lot size of 4000 shares.
Shyam Dhani Industries IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on December 30, 2025.
Refund/unblocking of funds for Shyam Dhani Industries IPO will begin on December 29, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Shyam Dhani Industries IPO shares on listing day (December 30, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.