Shyam Dhani IPO GMP: The initial public offering (IPO) of Shyam Dhani Ltd, a supplier of premium spices, is going to close today, Wednesday, December 24. The price band of the Rs 38.49-crore IPO has been
fixed in the range of Rs 65 and Rs 70. Till 10:30 am on the final day of bidding on Wednesday, the IPO received a total of 380.29x times subscription, garnering bids for 1,39,11,18,000 shares as against 36,58,000 shares on offer.
Its retail category got a 498.29x subscription, while its non-institutional investor (NII) quota got a 592x subscription. Its qualified institutional buyer (QIB) category has received a 14.21x subscription.
Shyam Dhani IPO GMP Today
According to market observers, unlisted shares of Shyam Dhani Ltd are currently trading at Rs 132 apiece in the grey market, which is a 89 per cent premium over the issue price of Rs 70. It indicates a strong listing. Its listing will take place on December 30, Tuesday.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Shyam Dhani IPO: More Details
Shyam Dhani Industries is set to raise Rs 38.49 crore through a book-built IPO, comprising a fresh issue of 0.55 crore equity shares. The public issue will open for subscription on December 22, 2025, and close on December 24, 2025, with allotment likely to be finalised on December 26. The company is scheduled to debut on the NSE SME platform, with a tentative listing date of December 30, 2025.
The IPO has been priced in the range of Rs 65–70 per share. Investors can apply in lots of 2,000 shares. At the upper end of the price band, the minimum investment for retail investors works out to Rs 2.8 lakh for 4,000 shares, while high net-worth individuals need to apply for at least three lots, or 6,000 shares, amounting to Rs 4.2 lakh.
Founded in 1995, Shyam Dhani Industries Limited is an ISO-certified company engaged in the manufacturing, exporting, wholesale trading, and supply of premium spices. Its product portfolio includes spice powders and whole spices, along with grocery items such as black salt, rock salt, rice, poha and kasuri methi. The company also deals in herbs and seasonings like oregano, peri peri, chilli flakes, mixed herbs, onion flakes and tomato powder.
Financially, the company reported a 16 per cent rise in revenue and a 28 per cent increase in profit after tax in FY25 compared with the previous financial year.
Holani Consultants Pvt. Ltd. is acting as the book running lead manager as well as the market maker for the issue, while Bigshare Services Pvt. Ltd. has been appointed as the registrar.
