Shyam Dhani Industries IPO Day 3: Check live subscription status, allotment date and steps

Shyam Dhani Industries IPO: The initial public offering of spices maker Shyam Dhani Industries has been subscribed 551.58 times so far on Wednesday, December 24, the last day of bidding.

It has received bids for 2,17,21,36,000 shares against 39,38,000 shares on offer, according to the National Stock Exchange (NSE) data until 12:42 pm.

The ₹38.49 crore initial share sale is only a fresh issuance of 54,98,000 shares without an offer for sale component. With a price band of ₹65 to ₹70 per share, the minimum investment for an individual investor is 4,000 shares.

The fresh issue proceeds will be used for working capital needs, debt clearance, purchase of new additional machinery and installation of a solar rooftop plant at the existing manufacturing facility, brand creation and marketing expenses 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 makes more than 160 varieties of spices. The company sells its products under the brand name 'SHYAM'.

Shyam Dhani Industries IPO: Allotment and listing date

The basis of allotment of the Shyam Dhani Industries IPO will be finalised on Friday, December 26. The listing on the NSE SME platform Emerge will occur on Tuesday, December 30.

How to check Shyam Dhani Industries IPO allotment status on NSE

• Go to the NSE's IPO status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select the ‘Equity & SME IPO bid details’ option
• Pick ‘SHYAMDHANI’ from the 'Select Symbol' list
• Mention your PAN details and application number
• Hit the 'Submit' button

Steps to check Shyam Dhani Industries IPO allotment status on Bigshare Services

• Visit this link: www.bigshareonline.com/ipo_Allotment.html
• Select any server from the 3 options
• Click on 'Shyam Dhani Industries' from the IPOs
• Add any one: Application number, PAN or beneficiary ID
• Click on the ‘Search’ button

Shyam Dhani Industries IPO GMP

According to investorgain.com and media reports, Shyam Dhani Industries' unlisted shares are trading at ₹132, reflecting a grey market premium of 88.57% or ₹62 over the upper price band of ₹70.