Shyam Dhani Industries IPO is a book build issue of 54,98,000 shares [₹138.49 crore]. The issue is a combination of a fresh issue of 54,98,000 shares [₹38.49 crore]. The Shyam Dhani Industries IPO will open for subscription on December 22, 2025, and close on December 24, 2025.
The price band for the Shyam Dhani Industries IPO is fixed at ₹65 to ₹70 per share. The minimum application size is 2 lot [4,000 shares], requiring a retail investor to invest at least ₹2,80,000 [based on the upper price band]. For S-HNI investors, the minimum application size is 3 lots [6,000 shares] worth ₹4,20,000, while for B-HNI investors, it is 8 lots [16,000 shares] worth ₹11,20,000.
Shyam Dhani Industries IPO Details
| Open Date | December 22, 2025 |
| Close Date | December 24, 2025 |
| Issue Type | Book Built Issue |
| Face Value | ₹10 Equity Share |
| Price Band | ₹65 – ₹70 Per Share |
| Listing On | NSE, SME |
| Issue Size | ₹38.49 Cr. [54,98,000 Shares] |
| Fresh Issue | ₹38.49 Cr. [54,98,000 Shares] |
| Offer For Sale | Not Applicable |
| Prospectus | DRHP | RHP | Anchor Investors |
Shyam Dhani Industries IPO Anchor Investors Details
| Anchor Bid Date | December 19, 2025 |
| Anchor Portion Size | ₹10.92 Cr. |
| Share Offered | 15,60,000 Shares |
| Anchor lock-in period end date for 50% shares [30 Days] | January 25, 2026 |
| Anchor lock-in period end date for remaining shares [90 Days] | March 26, 2026 |
Shyam Dhani Industries IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | 47.36% | 26,04,000 |
| NII | 14.30% | 7,86,000 |
| RII | 33.25% | 18,28,000 |
| Market Maker | 5.09% | 2,80,000 |
| Total | 100.00% | 54,98,000 |
Shyam Dhani Industries IPO Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,80,000 |
| Retail Maximum | 2 | 4,000 | ₹2,80,000 |
| S-HNI Minimum | 3 | 6,000 | ₹4,20,000 |
| S-HNI Maximum | 7 | 14,000 | ₹9,80,000 |
| B- HNI Minimum | 8 | 16,000 | ₹11,20,000 |
Key Performance Indicator
| KPI [March 31, 2025] | Value |
| Market Capitalisation | ₹142.59 Cr. |
| P/E Ratio | 12.95x |
| EPS | ₹5.41 |
| ROE | 41.06% |
| ROCE | 39.00% |
| RoNW | 34.07% |
| Dept/Equity | 2.00 |
| EBITDA Margin | 11.65% |
| PAT Margin | 6.45% |
| Net Assets Value | ₹15.87 |
| Price To Book Value | ₹4.41 |
Shyam Dhani Industries IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Madhusudan Masala Limited | 13.56x | ₹8.49 | 12.77% | ₹63.10 |
| Nhc Foods Ltd | 3.06x | ₹0.31 | 8.09% | ₹1.39 |
Shyam Dhani Industries IPO Dates
| Open Date | December 22, 2025 |
| Close Date | December 24, 2025 |
| Allotment Date | December 26, 2025 |
| Refund Date | December 29, 2025 |
| Share Credit Date | December 29, 2025 |
| Listing Date | December 30, 2025 |
Shyam Dhani Industries Limited Company Financial Report [Restated Consolidated]
| Years | Assets | Income | Expenses | Net Worth | Profit After Tax | EBITDA | Reserves And Surplus | Borrow |
|---|---|---|---|---|---|---|---|---|
| September 2025 | ₹88.79 Cr. | ₹63.83 Cr. | ₹58.19 Cr. | ₹27.81 Cr. | ₹4.20 Cr. | ₹8.66 Cr. | ₹12.93 Cr. | ₹48.18 Cr. |
| March 2025 | ₹82.47 Cr. | ₹124.75 Cr. | ₹113.98 Cr. | ₹23.61 Cr. | ₹8.04 Cr. | ₹14.52 Cr. | ₹8.73 Cr. | ₹47.24 Cr. |
| March 2024 | ₹52.84 Cr. | ₹107.64 Cr. | ₹99.22 Cr. | ₹15.56 Cr. | ₹6.30 Cr. | ₹10.88 Cr. | ₹14.42 Cr. | ₹24.45 Cr. |
| March 2023 | ₹27.51 Cr. | ₹68.10 Cr. | ₹63.87 Cr. | ₹9.26 Cr. | ₹2.92 Cr. | ₹5.97 Cr. | ₹8.12 Cr. | ₹12.75 Cr. |
Company Promoters
- Mr. Ramawtar Agarwal
- Mrs. Mamta Devi Agarwal
- Mr. Vithal Agarwal
| Holding Pre Issue | 98.11% | 1,48,72,000 Shares |
| Holding Post Issue | — | 2,03,70,000 Shares |
Shyam Dhani Industries IPO Lead Managers
- Holani Consultants Private Limited
Shyam Dhani Industries IPO Registrar
Bigshare Services Private Limited
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
About Shyam Dhani Industries Limited
Founded in 1995, Shyam Dhani Industries Limited is an ISO-certified company engaged in manufacturing, exporting, wholesaling, and supplying a wide range of premium spices. Their product line includes whole spices, spice powders, blended spices, and various seasoning products. Operating under the brand name “SHYAM”, the company processes more than 160 varieties of spices across ground, blended, and whole categories.
Apart from spices, the company is also involved in trading and distributing several grocery items. Their distribution portfolio includes products such as black salt, rock salt, rice, poha, kasuri methi, and a diverse range of herbs and seasonings like oregano, peri peri, chilli flakes, mixed herbs, onion flakes, and tomato powder. This extensive selection enables them to cater to both retail and wholesale demand across multiple markets.
Shyam Dhani Industries operates from its manufacturing facility located in Jaipur, Rajasthan. The company supplies its products through various channels, including General Trade (wholesalers and distributors), Modern Trade (supermarkets and retail chains), and Quick Commerce platforms. Additionally, they cater to Private Label clients, HoReCa (Hotel, Restaurant, Catering) businesses, and international markets through export operations.
As of November 30, 2025, the company employed 394 individuals working across multiple departments such as Accounts and Finance, Compliance, Maintenance, Marketing and Logistics, Production and Operations, Quality Control, Management, and permanent labor staff. Their skilled workforce supports efficient production and consistent quality.
The company’s competitive strengths include its commitment to delivering high-quality natural spices while following sustainable and ethical sourcing practices. A strong and experienced management team, along with a well-structured manufacturing setup, helps maintain cost efficiency and integrated production. Their diverse product portfolio and solid financial performance further enhance their market position and long-term growth potential.
Objects Of The Issue
- 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
- Purchase of 200 KW Solar Rooftop Grid-connected PV System
- Part Repayment of existing Cash Credit Facility availed by the company from scheduled commercial banks
- Funding the incremental working capital requirements of the company
- General Corporate Purpose
Company Address
Shyam Dhani Industries Limited
F-438-A
Road No. 12,
VKIA
Jaipur, Rajasthan, 302013
Phone: +91 9257061811
Email: info@shyamspices.co.in
Website: https://www.shyamspices.co.in/
Shyam Dhani Industries IPO FAQs
What is Shyam Dhani Industries IPO?
Shyam Dhani Industries IPO is a SME IPO of 54,98,000 equity shares of the face value of ₹10 aggregating up to ₹38.49 Crores. The issue is priced at ₹65 to ₹70 per share.
What are the open and close dates of the Shyam Dhani Industries IPO?
The IPO will open on December 22, 2025 and will close on December 24, 2025.
What is the price band for Shyam Dhani Industries IPO?
The price band for the IPO is fixed at ₹65 to ₹70 per share.
What is the issue size of the Shyam Dhani Industries IPO?
The total issue size of the IPO is ₹38.49 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Shyam Dhani Industries IPO Minimum and Maximum Lot Size?
The minimum bid is 2 Lot, 4,000 Shares with ₹2,80,000 amount while the maximum bid is 2 Lot, 4,000 shares with ₹2,80,000 for the IPO.
What is Shyam Dhani Industries IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35% for the IPO.
When will the basis of allotment for the Shyam Dhani Industries IPO be finalized?
The IPO allotment is expected to be finalized on December 26, 2025.
When will the shares of Shyam Dhani Industries IPO get listed?
The IPO shares are expected to be listed on the NSE and SME on December 30, 2025.
Is the Shyam Dhani Industries IPO a good investment?
Investment decisions depend on an individual’s financial goals and risk profile. It is advised to consult with a SEBI-registered financial advisor before making any investment decision.
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Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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