
Shyam Dhani Industries IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Thu Dec 18 2025

Shyam Dhani Industries IPO is open for bidding from 22nd December 2025 to 24th December 2025. It is a bookbuilding IPO of ₹38.49 crore, an entirely fresh issue of 0.55 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 30th December 2025.
Shyam Dhani Industries IPO Details
The Shyam Dhani Industries IPO date is fixed between 22nd December 2025 and 24th December 2025. The face value of Shyam Dhani Industries shares stands at ₹10 per share, and the IPO Issue price band is set at ₹65 to ₹70 per share
Bigshare Services Private Limited is the registrar of the Shyam Dhani Industries IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
| IPO Allotment Date | 26th December 2025 |
| IPO Open Date | 22nd December 2025 |
| IPO Close Date | 24th December 2025 |
| Refund Initiation | 29th December 2025 |
| Issue Size | 54,98,000 shares(agg. up to ₹38.49 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 2,000 Shares |
| Issue Price | ₹65 to ₹70 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Listing Date | 30th December 2025 |
Shyam Dhani Industries IPO Share Reservation
Riddhi Display Equipment’s IPO is a bookbuilding IPO issue of 0.55 crore worth ₹38.49 crores. Shyam Dhani Industries IPO Limited shares will be listed on the NSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered | Shares Percentage |
| Market Maker Shares Offered | 2,80,000 | 5.09% |
| QIB shares offered | 26,04,000 | 47.36% |
| NII (HNI) Shares Offered | 7,86,000 | 14.30% |
| Retail Shares Offered | 18,28,000 | 33.25% |
| Total Shares Offered | 54,98,000 | 100.00% |
Shyam Dhani Industries IPO GMP Grey Market Premium
GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Shyam Dhani Industries IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 24-12-2025 | – | – | – | – |
| 23-12-2025 | – | – | – | – |
| 22-12-2025 | ₹70.00 | ₹35.00 | ₹105.00 | 50.00% |
| 21-12-2025 | ₹70.00 | ₹35.00 | ₹105.00 | 50.00% |
| 20-12-2025 | ₹70.00 | ₹35.00 | ₹105.00 | 50.00% |
| 19-12-2025 | ₹70.00 | ₹35.00 | ₹105.00 | 50.00% |
| 18-12-2025 | ₹70.00 | ₹35.00 | ₹105.00 | 50.00% |
| 17-12-2025 | ₹70.00 | ₹31.00 | ₹101.00 | 44.29% |
| 16-12-2025 | ₹70.00 | ₹27.00 | ₹97.00 | 38.57% |
| 15-12-2025 | ₹70.00 | ₹21.00 | ₹91.00 | 30.00% |
| 14-12-2025 | ₹70.00 | ₹21.00 | ₹91.00 | 30.00% |
| 13-12-2025 | ₹70.00 | ₹21.00 | ₹91.00 | 30.00% |
| 12-12-2025 | ₹70.00 | ₹0.00 | ₹70.00 | 0.00% |
As of 22nd December 2025, Shyam Dhani Industries IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹102.00 on its tentative listing date, 30th December 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Shyam Dhani Industries IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.
Shyam Dhani Industries IPO GMP Review

Check out the detailed Shyam Dhani Industries GMP IPO review for a thorough understanding of its potential to report listing gains on 30th December 2025. The Shyam Dhani Industries IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Shyam Dhani Industries IPO.
Shyam Dhani Industries Limited’s revenue increased by 16% from ₹107.64 crores in March 2024 to ₹124.75 crores in March 2025. Moreover, the company’s PAT increased by 28% from ₹6.30 crores in March 2024 to ₹8.04 crores in March 2025.
Shyam Dhani Industries’ IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, the brokers, investors, and RAs have a positive outlook for the Shyam Dhani Industries IPO for its tentative listing day, which is 30th December 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Shyam Dhani Industries IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 13.19 |
| EPS (Earnings Per Share) | 5.31 |
| RoNW | 34.07% |
| ROCE | 39.00% |
| ROE | 41.06% |
| EBITDA Margin | 11.65% |
| Price to Book Value | 4.41 |
| Market Capitalisation | ₹144.59 Cr |
The PE ratio of Shyam Dhani Industries Limited shares is 13.19, and its Earnings Per Share (EPS) stands at 5.31. Thus, the Shyam Dhani Industries IPO can deliver gains on its tentative listing date, 30th December 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Shyam Dhani Industries Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | 13.19 | 17.21 |
| EPS | 5.31 | 4.07 |
Shyam Dhani Industries IPO Subscription Status
The Shyam Dhani Industries IPO is to be opened for bidding on 22nd December 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Shyam Dhani Industries IPO Subscription Status.
| Investor Categories | Shares Offered | Shares Percentage | Shares Subscribed | Subscription to the Times |
| Market Maker Shares Offered | 2,80,000 | 5.09% | Yet to be announced | Yet to be announced |
| QIB shares offered | 26,04,000 | 47.36% | Yet to be announced | Yet to be announced |
| NII (HNI) Shares Offered | 7,86,000 | 14.30% | Yet to be announced | Yet to be announced |
| Retail Shares Offered | 18,28,000 | 33.25% | Yet to be announced | Yet to be announced |
| Total Shares Offered | 54,98,000 | 100.00% | Yet to be announced | Yet to be announced |
About Shyam Dhani Industries Limited

Shyam Dhani Industries was established in 1995. Shyam Dhani Industries Limited is an ISO-certified company and manufacturer, exporter, wholesaler, and supplier of Premium Spices, Spices Powder, Whole Spices, etc. They trade and distribute Grocery Products like Black Salt, Rock Salt, Rice, Poha, Kasuri Methi, and a variety of Herbs and seasonings, including Organo, Peri Peri, Chilli Flakes, Mixed Herbs, Onion Flakes, and Tomato Powder. The company processes 163 varieties of spices, including Ground, Blend, and Whole Spices under the brand name “SHYAM”. The company trades and distributes grocery products like black salt, rock salt, rice, poha, kasuri methi, and a range of herbs and seasonings, including oregano, peri peri, chilli flakes, mixed herbs, onion flakes, and tomato powder. The company’s manufacturing unit is situated in Jaipur, Rajasthan.
Shyam Dhani Industries Limited Financials
The company’s financial analysis is essential before applying for the Shyam Dhani Industries IPO. Look at the table to learn about Shyam Dhani Industries Limited’s financials.
| Year Ended | 30th Sep 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 | 31st March 2023 |
| Assets | 88.79 | 82.47 | 52.84 | 27.51 |
| Revenue | 63.83 | 124.75 | 107.64 | 68.10 |
| Profit After Tax | 4.20 | 8.04 | 6.30 | 2.92 |
| EBITDA | 8.66 | 14.52 | 10.88 | 5.97 |
| Net Worth | 27.81 | 23.61 | 15.56 | 9.26 |
| Reserves and Surplus | 12.93 | 8.73 | 14.42 | 8.12 |
| Total Borrowings | 48.18 | 47.24 | 24.45 | 12.75 |
Explanation
Shyam Dhani Industries Limited’s revenue increased by 16% from ₹107.64 crores in March 2024 to ₹124.75 crores in March 2025. Moreover, the company’s PAT increased by 28% from ₹6.30 crores in March 2024 to ₹8.04 crores in March 2025.
Shyam Dhani Industries Limited IPO Promoter Holdings
Have a look at the table below to check the holdings of Shyam Dhani Industries Limited.
Mr Hitesh Kumar Singla, Mr Nikhil Singla, Mr Nitin Dixit, and Mr Anil Kumar Sharma.
| Shareholding Pre-Issue | 98.11% |
| Shareholding Post-Issue | – |
Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.
Aim of Shyam Dhani Industries IPO
The primary aim of the Shyam Dhani Industries IPO is to raise ₹38.49 crores. On the other hand, Shyam Dhani Industries has decided to utilise these funds in different ways.
- Purchase of machinery for installation at the 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
- To Part Repayment of the existing Cash Credit Facility availed by the company from scheduled commercial banks
- To fund the incremental working capital requirements of the company
- General Corporate Purpose
Should I Invest in the Shyam Dhani Industries IPO?
Explore the pros and cons of Shyam Dhani Industries to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades.
Pros of Shyam Dhani Industries IPO
- The company offers high-quality natural spices while promoting sustainable, ethical sourcing and production.
- The company has an Experienced management team and promoters with a qualified workforce.
- The company has a Diversified product portfolio.
Cons of Shyam Dhani Industries IPO
- The company has a raw material price & supply volatility
- The company has supplier concentration & a lack of long-term contracts
- The company has a working capital-intensive business
How to Apply for Shyam Dhani Industries IPO?

Check the steps mentioned below to apply for Shyam Dhani Industries Ltd.
- Step 1: Conduct thorough research on the Shyam Dhani Industries IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for 2 lot of 4,000 shares worth ₹2,80,000
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Shyam Dhani Industries IPO across multiple demat accounts to increase your chances of allotment.
How to Check Shyam Dhani Industries IPO Allotment Status?
You can check for the Shyam Dhani Industries IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.
Check On NSE
- Visit the NSE Official Site
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Shyam Dhani Industries IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Shyam Dhani Industries IPO allotment status.
Let’s Wrap
Shyam Dhani Industries IPO is a bookbuilding issue of shares worth ₹38.49 crores. The shares of Shyam Dhani Industries Limited will be listed on NSE and SME on its tentative listing date of 30th December 2025. Researching the Shyam Dhani Industries IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Shyam Dhani Industries IPO
How is the Shyam Dhani Industries IPO?
Ans. Currently, on 22nd December 2025, the Shyam Dhani Industries GMP (Grey Market Premium) stands at ₹70. It indicates that the estimated listing price could be ₹105 per share. It is a bookbuilding IPO of ₹38.49 shares. The face value of each Shyam Dhani Industries share is ₹10 per share.
What is the Shyam Dhani Industries IPO price?
Ans. The Shyam Dhani Industries IPO issue price band is set at ₹65.00 to ₹70.00 per share.
Is the Shyam Dhani Industries IPO a good investment?
Ans. Shyam Dhani Industries Limited’s revenue increased by 16% from ₹107.64 crores in March 2024 to ₹124.75 crores in March 2025. Moreover, the company’s PAT increased by 28% from ₹6.30 crores in March 2024 to ₹8.04 crores in March 2025.
Who is the registrar of the Shyam Dhani Industries IPO?
Ans. Bigshare Services Private Limited is the registrar for the Shyam Dhani Industries IPO, awaiting to manage the allotment process and initiate refunds. For any queries regarding the Shyam Dhani Industries allotment and refund, you can contact Bigshare Services Private Limited at ipo@bigshareonline.com or at +91-22-6263 8200.
What is the issue size of the Shyam Dhani Industries IPO?
Ans. Shyam Dhani Industries IPO is a bookbuilding IPO for ₹38.49 shares. Moreover, the IPO is set to open on 22nd December 2025 and will be closed on 24th December 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Shyam Dhani Industries IPO, download the Shyam Dhani Industries IPO RHP and Shyam Dhani Industries IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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