Shyam Dhani Industries is entering the public markets through SME IPO with an issue size of ₹38.49 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on NSE & SME.
The IPO subscription window opens on December 22, 2025 and will remain open until December 24, 2025. The company plans to list its shares on December 30, 2025. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Shyam Dhani Industries Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Shyam Dhani Industries that investors generally review before applying.
IPO Details at a Glance
| Company Name | Shyam Dhani Industries |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Price | ₹65 – ₹70 Per Share |
| Lot Size | 2,000 Shares |
| Face Value | ₹10 Per Share |
| Exchange | NSE & SME |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 280,000 | 5.09% |
| Qualified Institutional Buyers (QIB) | 2,604,000 | 47.36% |
| — Anchor Investor | 1,560,000 | 28.37% |
| — QIB (Ex Anchor) | 1,044,000 | 18.99% |
| NII (HNI) | 786,000 | 14.30% |
| — bNII > ₹10L | 524,000 | 9.53% |
| — sNII < ₹10L | 262,000 | 4.77% |
| Retail | 1,828,000 | 33.25% |
| Total Shares Offered | 5,498,000 | 100.00% |
Shyam Dhani Industries IPO Important Dates
The following table highlights the key dates for the Shyam Dhani Industries IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 22 Dec 2025 |
|---|---|
| IPO Closing Date | 24 Dec 2025 |
| Allotment Finalization | 26 Dec 2025 |
| Initiation of Refunds | 29 Dec 2025 |
| Credit of Shares | 29 Dec 2025 |
| IPO Listing Date | 30 Dec 2025 |
Shyam Dhani Industries IPO Size & Structure
| Total IPO Size | ₹38.49 Crore |
|---|---|
| Fresh Issue | ₹38.49 Crore |
Shyam Dhani Industries IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Shyam Dhani Industries IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹65 to ₹70 per share.
Investors can apply for the IPO with a minimum of 2000 shares. Applications must be made in multiples of 2000 shares.
- Retail investors can apply from 2 lot to 2 lots.
- Small HNI (SHNI) investors must apply for at least 3 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 8 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹70 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹70 | ₹280,000 |
| Retail (Max) | 2 | 4,000 | ₹70 | ₹280,000 |
| S-HNI (Min) | 3 | 6,000 | ₹70 | ₹420,000 |
| S-HNI (Max) | 7 | 14,000 | ₹70 | ₹980,000 |
| B-HNI | 8 | 16,000 | ₹70 | ₹1,120,000 |
Shyam Dhani Industries IPO GMP (Grey Market Premium)
The latest Shyam Dhani Industries IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Shyam Dhani Industries IPO GMP is ₹72 (102.86%), compared to the IPO issue price of ₹70. Based on the current GMP, the expected listing price is around ₹142. The Lowest GMP was ₹0 on 13 Dec 2025, while the highest GMP reached ₹72 on 30 Dec 2025.
Shyam Dhani Industries IPO was listed on the stock exchange on 30 Dec 2025. The IPO was subscribed 914.24 times. The first reported GMP was ₹0 (0%), while the latest recorded GMP stood at ₹72 (102.86%).Listing Details:
- Issue Price: ₹70 per share.
- Listing Price: ₹133.00 (approx. 90% gain)
- Listing Date: 30 Dec 2025
Shyam Dhani Industries IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 30 Dec 2025 | ₹70 | ₹72 | 102.86% | ₹142 | ₹288,000 |
| 29 Dec 2025 | ₹70 | ₹72 | 102.86% | ₹142 | ₹288,000 |
| 27 Dec 2025 | ₹70 | ₹72 | 102.86% | ₹142 | ₹288,000 |
| 26 Dec 2025 | ₹70 | ▲ ₹72 | ▲ 102.86% | ₹142 | ₹288,000 |
| 25 Dec 2025 | ₹70 | ▲ ₹70 | ▲ 100% | ₹140 | ₹280,000 |
| 24 Dec 2025 | ₹70 | ▲ ₹62 | ▲ 88.57% | ₹132 | ₹248,000 |
| 23 Dec 2025 | ₹70 | ▲ ₹50 | ▲ 71.43% | ₹120 | ₹200,000 |
| 22 Dec 2025 | ₹70 | ▲ ₹47 | ▲ 67.14% | ₹117 | ₹188,000 |
| 20 Dec 2025 | ₹70 | ▲ ₹42 | ▲ 60% | ₹112 | ₹168,000 |
| 19 Dec 2025 | ₹70 | ▲ ₹40 | ▲ 57.14% | ₹110 | ₹160,000 |
| 18 Dec 2025 | ₹70 | ▲ ₹31 | ▲ 44.29% | ₹101 | ₹124,000 |
| 17 Dec 2025 | ₹70 | ▲ ₹27 | ▲ 38.57% | ₹97 | ₹108,000 |
| 16 Dec 2025 | ₹70 | ₹21 | 30% | ₹91 | ₹84,000 |
| 15 Dec 2025 | ₹70 | ▲ ₹21 | ▲ 30% | ₹91 | ₹84,000 |
| 13 Dec 2025 | ₹70 | ₹0 | 0% | ₹70 | ₹0 |
| 12 Dec 2025 | ₹70 | ₹0 | 0% | ₹70 | ₹0 |
| 11 Dec 2025 | ₹70 | ₹0 | 0% | ₹70 | ₹0 |
| 10 Dec 2025 | ₹70 | ₹0 | 0% | ₹70 | ₹0 |
Shyam Dhani Industries IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Shyam Dhani Industries fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Shyam Dhani Industries IPO.
Shyam Dhani Industries IPO Subscription Status
Shyam Dhani Industries IPO was subscribed 914.24 times overall on the final day of bidding (as of 24 Dec 2025).The subscription opened on 22 Dec 2025. The Retail portion was subscribed 1130.04 times, while QIB and NII categories were subscribed 256.24 times and 1188.59 times respectively.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 22 Dec 2025 | 10.43x | 57.06x | 92.78x | — | 61.28x |
| 23 Dec 2025 | 10.7x | 276.74x | 369.92x | — | 249.46x |
| 24 Dec 2025 | 256.24x | 1188.59x | 1130.04x | — | 914.24x |
The Shyam Dhani Industries IPO opened with strong demand on Day-1, supported by active participation from Retail and NII investors.
On Day-2, subscription levels for the Shyam Dhani Industries IPO rose sharply due to heavy bidding from Retail, followed by NII investors.
By the end of the bidding period, the IPO was subscribed 914.24x overall, reflecting strong demand from key investor categories, led by NII, followed by Retail and QIB investors. Overall subscription for the Shyam Dhani Industries IPO increased from 61.28x on Day-1 to 914.24x by the final day.
Shyam Dhani Industries IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 256.24x |
| Non-Institutional Investors (NII) | 1189.13x |
| Retail Investors | 1135.99x |
| Total | 917.15x |
Shyam Dhani Industries IPO Allotment Status
The Shyam Dhani Industries IPO allotment status was released on 26 Dec 2025. Investors who applied for the IPO can now check their Shyam Dhani Industries allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 26 Dec 2025
- 📈 Listing Date: 30 Dec 2025
How to Check Shyam Dhani Industries IPO Allotment Status Online?
Investors can check the Shyam Dhani Industries IPO allotment status online through BigShare Services Private Limited and NSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
BigShare Services
to know more about the IPO registrar.
Check on BigShare Services Private Limited (IPO Registrar)
- Visit → BigShare Services Private Limited
- Select Shyam Dhani Industries
- Select Application No / CAF No / Beneficiary ID / PAN Number
- Enter the relevant details and CAPTCHA to proceed further
- Click Search to view allotment status
Check on NSE (National Stock Exchange) Website
- Go to → NSE Website
- Select Equity & SME IPO Bid Details.
- Choose Shyam Dhani Industries IPO.
- Enter your PAN & Application Number.
- Click on Submit button.
The National Stock Exchange (NSE) provides an online facility to check the Shyam Dhani Industries IPO allotment status.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Shyam Dhani Industries IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
Shyam Dhani Industries IPO Listing Analysis
Below is a quick summary of the Shyam Dhani Industries IPO issue price, listing price, and listing gain on BSE and NSE.
| IPO Status | Issue Price | Listing Price | Listing Gain |
|---|---|---|---|
| Listed (BSE) | ₹70 | ₹133 | ▲ 90.00% |
| Listed (NSE) | ₹70 | ₹133 | ▲ 90.00% |
Shyam Dhani Industries debuted at ₹133, listing at a premium of +₹63 (+90.00%). The stock declined to ₹0, slipping -100.00% and ending -₹70 below (-100.00%). The investment fell to ₹0. Investors booked a loss of -₹140,000 per lot.
📌 IPO Issue Price and Lot Size
The IPO of Shyam Dhani Industries was offered in the price band of ₹65 to ₹70 per share.
- The final issue price was fixed at ₹70.
- One lot consisted of 2000 shares.
- Minimum investment: ₹70 × 2000 = ₹140,000
- Investment after Day-1: ₹0 × 2000 = ₹0
- By the end of the listing session, investors faced a loss of -₹140,000 per lot.
📌 IPO Subscription Analysis
Backed by robust demand of 914.24× and institutional subscription of 256.24×, the IPO witnessed a bumper listing. The stock debuted at 90.00% and closed at -100.00%, highlighting exceptional investor confidence.
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 10.43x | 57.06x | 92.78x | 61.28x |
| Day 2 | 10.7x | 276.74x | 369.92x | 249.46x |
| Day 3 | 256.24x | 1188.59x | 1130.04x | 914.24x |
📌 Final Assessment
Overall Outcome: Outstanding IPO
- Subscription Phase: High investor participation
- Listing Phase: Bumper listing performance
- Investor Experience: Negative short-term experience
IPO Financial Summary
- Total Assets changed by 56.07% in FY 2024-2025.
- Total Revenue changed by 15.9% in FY 2024-2025.
- Profit After Tax changed by 27.62% in FY 2024-2025.
- Reserves & Surplus changed by -39.46% in FY 2024-2025.
- Total Borrowings changed by 93.21% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 88.79 | 82.47 | 52.84 | 27.51 |
| Total Revenue (₹ Cr) | 63.83 | 124.75 | 107.64 | 68.10 |
| Profit After Tax (₹ Cr) | 4.20 | 8.04 | 6.30 | 2.92 |
| Reserves & Surplus (₹ Cr) | 12.93 | 8.73 | 14.42 | 8.12 |
| Total Borrowings (₹ Cr) | 48.18 | 47.24 | 24.45 | 12.75 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹34.47 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Funding the incremental working capital requirements of our company | 13.26 | 38.47% |
| 2 | Repayment/Pre-payment, in full or in part, of certain outstanding borrowings availed by our company. | 10.00 | 29.01% |
| 3 | Brand Creation and Marketing Expenses | 6.36 | 18.45% |
| 4 | Capital Expenditure towards the purchase of new additional machineries to be installed at the existing manufacturing unit | 1.63 | 4.73% |
| 5 | Purchase and installation of Solar Rooftop Plant at the existing manufacturing unit | 0.65 | 1.89% |
| 6 | General Corporate Purposes | 2.57 | 7.46% |
| Total | 34.47 | 100% | |
Shyam Dhani Industries IPO Promoter Holding
| Promoter(s) | The Promoters of the company, are Mr. Ramawtar Agarwal, Mrs. Mamta Devi Agarwal and Mr. Vithal Agarwal |
|---|---|
| Pre-Issue Holding | 98.11% |
| Post-Issue Holding | 72% |
Shyam Dhani Industries IPO FAQs
The Shyam Dhani Industries IPO is a SME Bookbuilding IPO with a total issue size of ₹38.49 crore. The issue consists of a fresh issue of ₹38.49 crore.
The IPO will open for subscription on Mon, 22 Dec 2025 and will close on Wed, 24 Dec 2025.
The shares are being offered at a price band of ₹65 to ₹70 per equity share.
Investors can apply for the IPO with a minimum lot size of 2,000 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹280,000.
The shares of Shyam Dhani Industries are expected to be listed on NSE & SME on Tue, 30 Dec 2025.
The Grey Market Premium (GMP) of Shyam Dhani Industries IPO is ₹72.
The expected listing price of Shyam Dhani Industries IPO is around ₹142 based on current GMP. This indicates a potential return of approximately 102.86% , with an estimated profit of ₹144,000 per lot, subject to market conditions.
The Shyam Dhani Industries IPO was subscribed 917.15 times on the final day of subscription.
The retail portion is subscribed 1130.04 times as of 24 Dec 2025.
The QIB portion is subscribed 256.24 times and the NII portion is subscribed 1188.59 times .
The IPO registrar of Shyam Dhani Industries is BigShare Services Private Limited. BigShare is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Fri, 26 Dec 2025.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Fri, 26 Dec 2025 on the registrar or exchange website.
Shares are expected to be credited by Mon, 29 Dec 2025.
Refunds for unsuccessful applicants will be initiated on Mon, 29 Dec 2025.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Shyam Dhani Industries IPO is listed on NSE.
The current share price of Shyam Dhani Industries Limited is ₹79.00. The stock opened at ₹81.00, hit a high of ₹81.00 and a low of ₹78.20.
Shyam Dhani Industries Limited share price has decreased by ₹1.60 (1.99%) compared to the previous close. The stock has declined 40.60% from its listing price of ₹133.00 on BSE and declined 40.60% from its listing price of ₹133.00 on NSE.
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