Kolkata: The shares of little-known masala maker Shyam Dhani Industries made a robust debut on stock markets on December 30. The price was Rs 133 apiece
on NSE Emerge platform, which marked a 90% premium over the SME IPO price of Rs 70 per share. The market capitalisation of the company stood at Rs 282 crore.
Shyam Dhani Industries IPO set Dalal Street on fire recording a subscription of 988.29 times overall — 1,137.92 times in the individual investors category, 256.24 times in QIB (Ex Anchor) category and 1,612.65 times in the NII category. This SME issue intended to raise only Rs 38.49 crore but ended up getting bids of Rs 38,039.28 crore. Needless to say, it was the most intensely sought after issue of 2025 and, according to reports, the fifth most bid for IPO in this country’s history.
Shyam Dhani Industries IPO GMP
That the Shyam Dhani Industries share would rake in robust gains on listing was indicated by its GMP all along. The last GMP recorded by investorgain on Dec 30 morning was Rs 68. Considering an issue price of Rs 70, the listing gain signaled was 97.14%. The GMP was Rs 500 on Dec 22, when the bidding process began.
Shyam Dhani Industries business
Shyam Dhani Industries was set up in 1995. It is engaged in manufacturing, processing and trading of spices and grocery products which are sold under the “Shyam” brand. There firm has more than 160 varieties of spices. The manufacturing facility is located in Jaipur, Rajasthan.
The company has grown steadily over the years. In FY25, revenue jumped 16% y-o-y, while profit after tax increased 28%. The PAT margin of 6.45% and an EBITDA margin of 11.65% were posted. The ROE was reported at a hefty 41.06%. Proceeds from the issue are mostly reserved for working capital requirements and repayment of borrowings apart from brand creation and marketing and purchase of new machinery.
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