
Manufacturing / Agro-Processing · NSE
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.
Price Band
₹65 – ₹70
Issue Size
₹38.49 Cr
Lot Size
2000 shares
GMP
+84.3%
Est. Listing
₹129
at current GMP
Subscribed
988.40x
overall
Open
22 Dec 2025
Close
24 Dec 2025
Allotment
26 Dec 2025
Refund
27 Dec 2025
Demat Credit
28 Dec 2025
Listing
30 Dec 2025
Overall Subscription
988.40x
Total Demand
QIB Multiplier
256.24x
Institutions & Funds
NII / HNI
1613.08x
High Net-Worth
Retail (RII)
1137.95x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,044,000 | 267,516,000 | 256.24x |
| NIB | 786,000 | 1,267,878,000 | 1613.08x |
| HNIs(10L +) | 524,000 | 969,450,000 | 1850.10x |
| HNIs (2-10L) | 262,000 | 298,428,000 | 1139.04x |
| RETAIL | 1,828,000 | 2,080,164,000 | 1137.95x |
| Total | 4,444,000 | 4,883,436,000 | 988.40x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 168 | 0.00x |
| NIB | — | 101,888 | 0.00x |
| RETAIL | 457 | 520,041 | 1137.95x |
| HNIs(10L +) | 87 | 56,932 | 654.39x |
| HNIs (2-10L) | 44 | 44,956 | 1021.73x |
| Total Applications | 588 | 723,985 | 1231.27x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Shyam Dhani Industries Limited is bringing an initial public offering (IPO) in the Manufacturing / Agro-Processing sector with an aggregate issue size of ₹38.49 Crores. The shares are offered at a price band of ₹65 to ₹70 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-12-28, while un-allotted funds or UPI block mandates will be released on 2025-12-27.
The latest Grey Market Premium (GMP) for Shyam Dhani Industries Limited IPO is ₹59 per equity share. Based on the upper price band of ₹65 to ₹70 per equity share, the estimated listing price is ₹129 (+84.3% expected listing gain).
With a lot size of 2000 shares and current GMP of ₹59, the expected profit per application lot is approx ₹1,18,000 (+84.3% gain). Minimum application cost is approx ₹1,40,000.
The Shyam Dhani Industries Limited IPO aggregate issue size is ₹38.49 Crores with an equity price band set at ₹65 to ₹70 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,40,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 988.40x (Retail: 1137.95x, QIB: 256.24x, NII: 1613.08x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-12-26. Investors can verify status using PAN card or application number.
Shyam Dhani Industries Limited shares are scheduled to list on NSE on 2025-12-30.