Shyam Dhani Industries IPO
smelistedAbout the company
Shyam Dhani Industries is engaged in the manufacturing and processing of 164 varieties of ground, blended, and whole spices under its “SHYAM” brand, along with trading and distribution of grocery items such as salts, rice products, herbs, and seasonings. The company operates a manufacturing unit in Jaipur and is supported by multi-sales distribution across B2B and B2C markets. It provides services to clients in the B2B market through general and modern trade channels, quick commerce, hotels, restaurants, and catering (HoReCa), private label, and exports. It also keeps up a direct-to-consumer (D2C) presence via its website, offering clients a smooth online buying experience. Ground spices accounted for 60.73% of the company's revenue as of September 2025, followed by whole spices at 17.37%, grocery products at 14.15%, and blend spices at 7.75%. Geographically, the company is still predominantly focused on Rajasthan but is slowly turning multi-state and export-oriented. Rajasthan derived 64.07% of revenues, followed by Punjab at 17.92%, while exports derived 2.24%, led completely by the UAE market. Across sales channels, modern trade accounted for 48.66%, followed closely by general trade at 47.05%, while quick commerce contributed 1.43%, while HoReCa, private label, and website sales were negligible.
Strengths
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed22 Dec 2025Bidding starts for all investor categories
IPO Closes
Completed24 Dec 2025Last day to place your bid
Basis of Allotment
Completed26 Dec 2025Share allotment finalised
Refund Initiation
Completed29 Dec 2025Refunds credited for non-allottees
Credit to Demat
Completed29 Dec 2025Allotted shares credited to demat account
Listing on Exchange
Completed30 Dec 2025Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 2000 | ₹140,000 | 1 | ₹140,000 | 1 lot only |
| HNI | 2 | 4000 | ₹280,000 | 2 | ₹280,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,814,815 | 19 | 0 | 0.00x | 100% |
| NII | 15% | 844,445 | 5.7 | 0 | 0.00x | 100% |
| Retail | 35% | 1,970,371 | 13.3 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
