Shyam Dhani Industries IPO: Price, Date & Details 2025
10 December 2025 ·
A complete guide to the Shyam Dhani Industries IPO, covering price band, timeline, financials, lot size, and business overview.
Introduction
The Shyam Dhani Industries IPO is one of the notable SME public offerings scheduled for December 2025. Backed by consistent revenue growth, expanding product lines, and a strong presence in the FMCG and spice-processing segment, the company aims to raise ₹38.49 crore through a book-built issue.
This article provides a complete breakdown of the IPO, including the IPO dates, price band, lot size, financial performance, company overview, and competitive strengths. It is structured for investors looking for reliable insights before evaluating the opportunity.
The IPO consists entirely of a fresh issue of 55 lakh shares, aggregating to ₹38.49 crore. The shares will list on the NSE SME platform, which typically caters to high-growth emerging businesses.
Shyam Dhani Industries IPO Details
| Parameter | Details |
|---|---|
| IPO Date | Dec 22, 2025 to Dec 24, 2025 |
| Listing Date | Dec 30, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹70 |
| Lot Size | 2,000 shares |
| Issue Type | Book-Built Fresh Issue |
| Total Issue Size | 54,98,000 shares (₹38.49 crore) |
| Listing At | NSE SME |
| Lead Manager | Holani Consultants Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Market Maker | Holani Consultants Pvt. Ltd. |
Shyam Dhani Industries IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | Mon, Dec 22, 2025 |
| IPO Close Date | Wed, Dec 24, 2025 |
| Allotment Finalization | Fri, Dec 26, 2025 |
| Initiation of Refunds | Mon, Dec 29, 2025 |
| Credit to Demat | Mon, Dec 29, 2025 |
| Tentative Listing Date | Tue, Dec 30, 2025 |
| UPI Mandate Cut-off | 5 PM on Wed, Dec 24, 2025 |
Shyam Dhani Industries IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min & Max) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16,000 | ₹11,20,000 |
Company Background: Shyam Dhani Industries Ltd.
Founded in 1995, Shyam Dhani Industries is an ISO-certified manufacturer, exporter, wholesaler, and supplier of spices and grocery products.
Key Business Highlights
Processes 163 varieties of spices (ground, blended, and whole)
Sells under the brand name “SHYAM”
Deals in additional grocery items including:
Black salt
Rock salt
Rice
Poha
Kasuri methi
Range of herbs and seasonings (oregano, peri peri, chilli flakes, mixed herbs, onion flakes, tomato powder)
Operates across:
General Trade (wholesalers & distributors)
Modern Retail (supermarkets, retail chains)
Quick commerce platforms
HoReCa (Hotels, Restaurants, Catering)
Private label manufacturing
Export markets
Its manufacturing facility is located in Jaipur, Rajasthan, with integration across sourcing, production, and distribution. As of 30 November 2025, the company employed 394 people.
Shyam Dhani Industries Ltd. Financials
| Period Ended | Assets (₹ Cr) | Total Income (₹ Cr) | PAT (₹ Cr) | EBITDA (₹ Cr) | Net Worth (₹ Cr) | Reserves & Surplus (₹ Cr) | Total Borrowing (₹ Cr) |
|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 88.79 | 63.83 | 4.20 | 8.66 | 27.81 | 12.93 | 48.18 |
| 31 Mar 2025 | 82.47 | 124.75 | 8.04 | 14.52 | 23.61 | 8.73 | 47.24 |
| 31 Mar 2024 | 52.84 | 107.64 | 6.30 | 10.88 | 15.56 | 14.42 | 24.45 |
| 31 Mar 2023 | 27.51 | 68.10 | 2.92 | 5.97 | 9.26 | 8.12 | 12.75 |
Competitive Strengths
Shyam Dhani Industries lists several strengths that position it well for scaling operations:
1. Wide Product Portfolio
With 163 spice variants and multiple grocery SKUs, the company has a diversified offering that reduces category-specific risks.
2. Integrated Manufacturing Setup
Its Jaipur facility enables end-to-end processing, from cleaning and grinding to blending and packaging.
3. Strong Distribution Ecosystem
Presence across general trade, modern retail, exports, and quick commerce boosts accessibility and brand footprint.
4. Experienced Promoters and Workforce
The management brings multiple decades of experience in the food and spices sector.
5. Sustainable and Ethical Sourcing
The company emphasizes natural, high-quality spices and sustainable manufacturing practices.
6. Consistent Financial Performance
The company has showcased multi-year growth in revenue, profitability, and operational cash flows.
Conclusion
The Shyam Dhani Industries IPO aims to support the company's expansion in the spices and grocery processing sector—one of the fastest-growing FMCG categories in India. With a diversified product basket, integrated operations, and growing distribution channels, the company presents a scalable business model.
However, as with all SME IPOs, investment requires careful evaluation of risks including market volatility, SME liquidity constraints, and business concentration. This article provides information only and does not constitute investment advice.