Incorporated in 1995, Shyam Dhani Industries Ltd. is an ISO-certified manufacturer, exporter and supplier of premium spices and related grocery products. The company processes 163 varieties of spices under the brand “SHYAM” and distributes through general trade, modern trade, quick-commerce platforms, private labelling, HoReCa and exports. Manufacturing unit located in Jaipur, Rajasthan; workforce ~394 (as of Nov 30, 2025).
Shyam Dhani Industries IPO
| Face Value | ₹10 per share |
|---|---|
| Issue Type | Book-building (Fresh Issue) |
| Total Shares Offered | 54,98,000 shares (Fresh issue) |
| Market Maker | Holani Consultants Pvt. Ltd. (Reserved 2,80,000 shares) |
| Net Offered to Public | 52,18,000 shares (≈₹36.53 Cr at upper band) |
| Registrar | Bigshare Services Pvt. Ltd. |
| Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 2,80,000 | 5.09% |
| QIB | 26,04,000 | 47.36% |
| NII (HNI) | 7,86,000 | 14.30% |
| Retail (RII) | 18,28,000 | 33.25% |
Anchor portion: 15,60,000 shares (≈28.37%). Refer to RHP for anchor lock-in and exact allocation details.
| IPO Open Date | Mon, Dec 22, 2025 |
|---|---|
| IPO Close Date | Wed, Dec 24, 2025 |
| Tentative Allotment | Fri, Dec 26, 2025 |
| Initiation of Refunds | Mon, Dec 29, 2025 |
| Credit to Demat | Mon, Dec 29, 2025 |
| Tentative Listing Date | Tue, Dec 30, 2025 |
| UPI Mandate Cut-off | 5 PM on Wed, Dec 24, 2025 |
| Application Type | Lots | Shares | Amount (₹) — at ₹70 |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,80,000 |
| Retail (Max) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16,000 | ₹11,20,000 |
Retail bidding limit = ₹2 Lakh per application (check RHP for category-specific cut-offs and rules).
Incorporated in 1995, Shyam Dhani Industries Ltd. is an ISO-certified manufacturer, exporter and supplier of premium spices and related grocery products. The company processes 163 varieties of spices under the brand “SHYAM” and distributes through general trade, modern trade, quick-commerce platforms, private labelling, HoReCa and exports. Manufacturing unit located in Jaipur, Rajasthan; workforce ~394 (as of Nov 30, 2025).
| Period | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 88.79 | 82.47 | 52.84 |
| Total Income | 63.83 | 124.75 | 107.64 |
| Profit After Tax | 4.20 | 8.04 | 6.30 |
| EBITDA | 8.66 | 14.52 | 10.88 |
| Net Worth | 27.81 | 23.61 | 15.56 |
| Total Borrowing | 48.18 | 47.24 | 24.45 |
| Pre IPO EPS | ₹5.41 |
|---|---|
| Post IPO EPS | ₹4.12 |
| Pre IPO P/E | 12.95x |
| Post IPO P/E | 16.97x |
| ROE | 41.06% |
| Debt/Equity | 2.00 |
| PAT Margin | 6.45% |
All figures restated as per RHP. Investors should read the full RHP for accounting notes and disclosures.
| S.No | Purpose | Amount (Millions) |
|---|---|---|
| 1 | Purchase of machinery for existing manufacturing unit (Jaipur) | 9.13 |
| 2 | Purchase of 200 KW solar rooftop PV system | 6.60 |
| 3 | Part repayment of cash credit facilities | 70.00 |
| 4 | Funding incremental working capital requirements | 146.50 |
| 5 | General corporate purposes | – |
Registrar: Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200 | Email: ipo@bigshareonline.com
Lead Manager: Holani Consultants Pvt. Ltd.
Observations: Shyam Dhani shows steady top-line growth and improved profitability; however leverage is high (Debt/Equity ~2.0) and a large portion of proceeds is earmarked for working capital and loan repayment. Suitable for investors backing established mid-sized FMCG/agri-processing plays but read the RHP and assess balance-sheet risk before subscribing.
This is informational only — not investment advice. Consult a financial advisor before investing.