Shyam Dhani Industries share price: Stock lists at 90% premium on NSE Emerge; here's how much investors made

Shyam Dhani Industries share price: Shares of spices maker Shyam Dhani Industries made a robust debut on NSE SME platform Emerge on Tuesday, December 30.

The stock listed at ₹133 per unit on Emerge, reflecting a premium of 90% over the issue price of ₹70.

Shyam Dhani Industries share price: Here's how much individual investors made

The ₹38.49 crore initial share sale was entirely a fresh issuance of 54,98,000 shares, with no offer for sale (OFS) component.

The fresh issue proceeds are intended for working capital requirements, brand creation and marketing expenses, repayment of debt, installation of a solar rooftop plant, purchase of additional machinery and general corporate purposes.

Ramawtar Agarwal, Chairman and Managing Director of Shyam Dhani Industries, said, "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."

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

Shyam Dhani Industries makes and processes over 160 varieties of spices under the brand 'SHYAM'. They trade and distribute grocery products like rock salt, black salt, kasuri methi, rice, poha, and a variety of herbs and seasonings, including peri peri, organo, onion flakes, mixed herbs, chilli flakes and tomato powder.