The issue opened for bidding on Monday (22 December 2025) and it will close on Wednesday (24 December 2025). The price band of the IPO is fixed between Rs 65 to Rs 70 per share. The minimum order quantity is 2,000 equity shares. The equity shares will list on NSE’s SME platform.

The IPO comprises fresh issue of 54,98,000 equity shares. About 2,80,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 52,18,000 equity shares.

The company intends to utilize the net proceeds to meet funding for the incremental working capital requirements of the company; repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company; brand creation and marketing expenses; capital expenditure towards the purchase of new additional machineries to be installed at the existing manufacturing unit; purchase and installation of a solar rooftop plant at the existing manufacturing unit; and general corporate purposes.

Ahead of the IPO, Shyam Dhani Industries on 19 December 2025, raised Rs 10.92 crore from anchor investors. The board allotted 10.92 lakh shares at Rs 70 per share to 7 anchor investors.

Shyam Dhani Industries is engaged in the manufacturing and processing of 164 types and varieties of spices, including ground spices, blended spices, and whole spices, marketed under the brand name “SHYAM”. In addition to its spice offerings, the company is also engaged in the trading and distribution of grocery products such as black salt, rock salt, rice, poha, and kasuri methi (dried fenugreek), as well as a diverse range of herbs and seasonings. These include oregano, peri peri, chilli flakes, mixed herbs, onion flakes, tomato powder, and other related products. As of 30 November 2025, the company had 394 employees.

The company recorded revenue from operations of Rs 63.78 crore and net profit of Rs 4.20 crore for the period ended 30 September 2025.