Shyam Dhani Industries IPO Day 1: Check live subscription status, price band, objectives and key details

Shyam Dhani Industries IPO: Spices manufacturer Shyam Dhani Industries' initial public offering opened for subscription on Monday, December 22. The issue will end on December 24. The subscription details for day 1 will be available post 10 am.

The ₹38.49 crore NSE SME initial share sale is a fresh issuance of 54,98,000 shares without an offer for sale (OFS) component. It has set a price band at ₹65 to ₹70 per share.

The fresh issue proceeds will be utilised for funding the incremental working capital needs, debt repayment, brand creation and marketing expenses, purchase of new additional machinery and installation of a solar rooftop plant at the existing manufacturing unit, and general corporate purposes.

"The proceeds will be utilised to enhance working capital, strengthen brand visibility, upgrade machinery at our existing manufacturing unit, and invest in a solar rooftop system. These initiatives will improve operational efficiency, expand capacity, and support sustainable value creation as we scale our presence across India and international markets," Ramawtar Agarwal, Chairman & MD of Shyam Dhani Industries Ltd, said.

Shyam Dhani Industries IPO: Lot size

A lot consists of 2,000. Individual investors can apply for a minimum of two lots or 4,000 shares.

Before the IPO, the company raised ₹10.9 crore from anchor investors. The Jaipur-based company allocated 15.60 lakh shares to seven entities, including Rajasthan Global Securities Pvt Ltd, Saint Capital Fund, Small Industries Development Bank of India and SB Opportunities Fund II.

Shyam Dhani Industries Ltd is involved in manufacturing and processing of over 160 varieties of spices under the brand "SHYAM".

Holani Consultants Private Limited is the sole book-running lead manager for the IPO, while Bigshare Services is the registrar.

Shyam Dhani Industries IPO GMP

According to investorgain.com and media reports, Shyam Dhani Industries' unlisted shares are trading at ₹117, reflecting a grey market premium of 67.14% over the upper price band of ₹70.