Shares of Shyam Dhani Industries made a stellar debut on the Indian stock market on Tuesday, December 30, listing at a massive 90% premium over the issue price on the NSE SME platform.
The stock opened at ₹133 per share, compared with the IPO price of ₹70, and quickly gained further momentum to touch ₹136, reflecting strong investor enthusiasm.
The impressive listing performance was largely in line with expectations from the grey market, where the IPO had been commanding a robust grey market premium (GMP) of around ₹68 ahead of its debut.
Shyam Dhani IPO Details
The ₹38.49-crore public issue witnessed extraordinary demand, receiving an overall subscription of 988.29 times. Interest was particularly strong in the non-institutional investors (NII) category, which was subscribed a staggering 1,612.65 times.
The retail investors’ segment attracted bids worth 1,137.92 times, while the qualified institutional buyers (QIB) portion was subscribed 256.24 times, underlining broad-based demand across investor categories.
The IPO, which consisted entirely of a fresh issue, was priced in the range of ₹65–₹70 per share, valuing the company at approximately ₹145 crore. The issue opened on December 22 and closed on December 24.
Use of IPO Proceeds
Funds raised through the issue will be deployed to meet working capital requirements, repay existing debt, enhance brand-building and marketing initiatives, expand capacity through the purchase of new machinery, and establish a solar rooftop power plant at the company’s existing manufacturing facility.
About Shyam Dhani Industries
Founded in 1995, Shyam Dhani Industries is engaged in the manufacturing, processing, and trading of spices and grocery products under the “Shyam” brand. The company offers over 160 varieties of spices and has built a strong distribution network across general trade, modern retail, quick commerce platforms, HoReCa, and export markets.
The company operates a manufacturing unit in Jaipur, Rajasthan, and employed 394 people as of November 2025.
For FY25, Shyam Dhani reported an EBITDA margin of 11.65% and a PAT margin of 6.45%, while return ratios remained strong, with return on equity (ROE) at 41.06%.
Disclaimer:
The views and investment-related information expressed in this article are for informational purposes only and do not constitute investment advice, recommendation, or an offer to buy or sell any securities.
