Shyam Dhani Industries Limited IPO
Shyam Dhani Industries Limited IPO
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Shyam Dhani Industries Limited's successfully completed its Initial Public Offering and commenced trading on 30-12-2025 at the NSE exchange. The company raised 54,98,000 Shares through this public offering, comprising 54,98,000 Shares in fresh capital.
The IPO was priced within the band of ₹65 to ₹70, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from 22-12-2025 to 24-12-2025.
Share allotment was finalized on 26-12-2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Shyam Dhani IPO About Company
Shyam Dhani Industries Limited, incorporated in 1995, is an ISO-certified company engaged in the manufacturing, trading, exporting, and supply of premium spices, spice powders, whole spices, and grocery products under its brand name “SHYAM.” The company processes around 163 varieties of ground, blended, and whole spices, along with grocery items such as black salt, rock salt, rice, poha, kasuri methi, and a wide range of herbs and seasonings including oregano, peri peri, chilli flakes, mixed herbs, onion flakes, and tomato powder. Its manufacturing unit is located in Jaipur, Rajasthan, and its products are sold through general trade, modern retail chains, quick commerce platforms, private labeling, HoReCa, and export channels. As of November 30, 2025, the company employed 394 people across various departments including production, quality, marketing, logistics, and management.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Shyam Dhani IPO Strength Factors
- Experienced and Skilled Management Team – Led by seasoned professionals with strong industry knowledge, helping the company adapt to customer needs and drive consistent growth.
- Wide and Diversified Product Portfolio – Offers a broad selection of ground, blended, and whole spices, along with grocery items, tailored to Indian consumer tastes.
- Strong Customer Network and Efficient Distribution – Over a decade of industry presence has built long-term customer relationships, supported by an in-house sales team and a wide network of 432 wholesalers and distributors.
Shyam Dhani IPO Risk Factors
- Seasonal Dependence on Agricultural Raw Materials – Reliance on crops makes the business vulnerable to weather changes and weak monsoons, which can increase raw material costs or reduce quality, affecting margins and cash flow.
- Risk From Semi-Perishable Inventory and Forecasting – Products with 4–18 months shelf life require accurate demand planning; poor forecasting can lead to excess stock, spoilage, and operational losses.
- Exposure to Legal Proceedings – Ongoing cases involving the Company, its Group entities, Promoters, and Directors may result in penalties or reputational damage, impacting financial and operational performance.
Shyam Dhani IPO Lead Manager(s)
- Holani Consultants Private Limited
Shyam Dhani IPO Promoter(s)
- Mr. Ramawtar Agarwal
- Mrs. Mamta Devi Agarwal
- Mr. Vithal Agarwal
Shyam Dhani IPO FAQs
Shyam Dhani Industries Limited IPO subscribed 988.4 times. The public issue subscribed 1137.95 times in the retail category,256.24times in QIB, and 1850.1 times in the HNI (10+) category byDecember 30, 2025 4:15:00 AM (Day 30).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Shyam Dhani IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Shyam Dhani IPO FAQs
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