Shyam Dhani Industries IPO Subscription Day 1

Posted by : sachet | Mon Dec 22 2025

Here, the Shyam Dhani Industries IPO launched on 22nd December 2025. Bidding for the issue will close today, 30th December 2025. The primary aim of the Shyam Dhani Industries IPO is to raise ₹38.49 crores from the market. Also, the Shyam Dhani Industries IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Shyam Dhani Industries IPO subscription and details.

Table of Contents

Shyam Dhani Industries IPO Details

IPO Open Date	22nd December 2025
Face Value	₹10 per share
Price Band	₹65 to ₹70 per share
Lot Size	2,000 Shares
Issue Type	Bookbuilding Issue
Listing At	NSE & SME
IPO Close Date	24th December 2025
Listing Date	30th December 2025

The price band for Riddhi Display Equipment’s IPO has been set at ₹98 per share, and a total of 1,84,89,584 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.

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 Subscription Status

As of now, the Shyam Dhani Industries IPO has been subscribed to 29.76 times. Of these, 45.44 times are subscribed by retail investors, 32.84 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).

The healthy subscription status indicates that investors are expecting higher returns at the time of Shyam Dhani Industries’ IPO listing on 30th December 2025. Shyam Dhani Industries also has a positive outlook behind the fresh issue of 0.55 crore shares, which will raise around Rs 38.49 crores.

Shyam Dhani Industries IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Shyam Dhani Industries IPO GMP for 22nd December 2025.

The grey market premium for this IPO has surged to 67.14% or Rs 47.00 per share. It indicates that the estimated listing price per share is Rs 117.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
22-12-2025	₹70.00	₹47.00	₹117.00	67.14%
21-12-2025	₹70.00	₹47.00	₹117.00	67.14%
20-12-2025	₹70.00	₹47.00	₹117.00	67.14%
19-12-2025	₹70.00	₹42.00	₹112.00	60.00%
18-12-2025	₹70.00	₹40.00	₹110.00	57.14%
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%

About Shyam Dhani Industries Ltd.

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.

Technical Indicators

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects 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

Shyam Dhani Industries IPO Listing Expectations

Shyam Dhani Industries IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 67.14% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 117.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.

Shyam Dhani Industries IPO Dates

IPO Open Date	22nd December 2025
IPO Close Date	24th December 2025
Allotment	26th December 2025
Refund Date	29th December 2025
IPO Listing Date	30th December 2025

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.