The spice business just got spicier! Shyam Dhani Industries IPO GMP, a well-known name in the spice manufacturing world, kicked off its IPO, and the response has been nothing short of phenomenal. On the very first day of bidding, the Shyam Dhani Industries IPO was subscribed a whopping 48.41 times, setting the tone for one of the most talked-about SME issues this season.
The NSE data revealed that bids poured in for 19,06,56,000 shares against just 39,38,000 available – a clear signal that investor confidence is running high for this Jaipur-based spice maker.
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Shyam Dhani Industries IPO details
The total issue size stands at ₹38.49 crore, and interestingly, it’s a fresh issue of 54,98,000 shares with no offer-for-sale component. The company has fixed the price band between ₹65 and ₹70 per share, a range that retail investors are finding quite attractive given the company’s performance and brand recognition in the food industry.
The key objective behind this IPO is simple yet strategic – to utilize the funds for expanding operations, clearing existing debts, marketing and brand promotion, and investing in new technology. This includes purchasing new machinery, setting up a solar rooftop plant at the company’s existing facility, and enhancing working capital.
Why this IPO is getting so much attention
Ramawtar Agarwal, Chairman and Managing Director of Shyam Dhani Industries Ltd, shared his vision behind the IPO. According to him, the aim is to strengthen the brand’s presence across India and global markets by improving efficiency and scaling up production capacity.
He emphasized that the new funds will boost sustainability efforts, especially with the solar energy initiative. As the demand for clean manufacturing processes rises, the company’s eco-conscious expansion plan adds an extra layer of appeal for socially responsible investors.
Lot size and investor participation
For retail investors eyeing this opportunity, the lot size for the Shyam Dhani Industries IPO is set at 2,000 shares. That means you need to apply for at least two lots, or 4,000 shares minimum. The IPO is structured to be accessible to both small and institutional investors who are looking to tap into the promising Indian spice market.
Before opening for the public, Shyam Dhani Industries raised ₹10.9 crore from anchor investors. A total of 15.60 lakh shares were allotted to seven key entities such as Rajasthan Global Securities Pvt Ltd, Saint Capital Fund, Small Industries Development Bank of India (SIDBI), and SB Opportunities Fund II. This early anchor participation reflects strong institutional confidence in the company’s long-term growth story.
About the company
Shyam Dhani Industries Ltd, based in Jaipur, is actively involved in the manufacturing, processing, and packaging of more than 160 varieties of spices under its flagship brand “SHYAM.” Over the years, the company has built a solid reputation in the Indian spice industry for delivering diverse and quality products.
This level of variety and product depth positions the company well for growth in both domestic and international markets – particularly as Indian spices continue to gain global appeal for their authenticity and flavor.
Holani Consultants Private Limited acts as the book-running lead manager for this IPO, while Bigshare Services Pvt Ltd handles the registrar responsibilities.
Shyam Dhani Industries IPO GMP
Now, let’s talk about what’s really catching traders’ eyes – the Shyam Dhani Industries IPO GMP. According to reports from investorgain.com and other reliable platforms, the unlisted shares of the company are currently trading at around ₹117 in the grey market.
That translates into a Grey Market Premium of approximately 67.14% over the upper band price of ₹70. In simpler terms, the live IPO GMP today hints at substantial listing gains if the sentiment remains strong.
Such a high premium reflects the buzz and anticipation around the Shyam Dhani Industries IPO among retail investors, who seem optimistic about the company’s financial prospects and brand strength in the ever-growing spices segment.
What investors should watch next
With such overwhelming subscription numbers, market watchers are now eagerly waiting to see how the allotment process unfolds. If the momentum continues, Shyam Dhani Industries IPO could list at an impressive premium – delivering solid returns to early subscribers.
As always, investors should consider their risk profile before diving in, but there’s no denying that this IPO is drawing serious attention in the SME space.
The Shyam Dhani Industries IPO story is an exciting one – a blend of traditional roots, modern expansion, and sustainable growth. With its stellar first-day performance and a sharp rise in Shyam Dhani Industries IPO GMP, this spices manufacturer looks all set to sizzle on Dalal Street very soon.
