Shyam Dhani Industries, a well-established player in the spice manufacturing industry, has made a remarkable debut on the NSE SME platform Emerge. The company’s shares listed at ₹133 per unit, marking a 90% premium over its issue price of ₹70. This strong debut has brought good returns for investors who participated in the IPO.
The initial public offering (IPO) raised ₹38.49 crore, with the company issuing 54,98,000 fresh shares. The IPO was entirely a fresh issuance, meaning there were no shares sold by existing shareholders in the offer. The proceeds from the IPO will be utilized to improve working capital, enhance brand visibility, repay debt, and fund the installation of a solar rooftop plant. The funds will also be used for purchasing additional machinery, which will help in expanding the company’s manufacturing capacity and improve overall operational efficiency.
For individual investors, the minimum investment in the IPO was 4,000 shares. Those who were allotted shares saw their investments grow significantly, with potential earnings of ₹5,32,000 from the listing on December 30, 2025.
The company, based in Jaipur, is known for producing over 160 varieties of spices and other grocery products under the ‘SHYAM’ brand. The firm also deals in a variety of herbs and seasonings, including rock salt, kasuri methi, peri peri, onion flakes, and more. With this successful listing, Shyam Dhani Industries is set to expand its reach, both within India and internationally.
The IPO was met with tremendous investor interest, being subscribed a massive 988.29 times during the three-day window. Prior to the IPO, the company raised ₹10.9 crore from anchor investors, including notable entities such as Rajasthan Global Securities Pvt Ltd, Small Industries Development Bank of India (SIDBI), Saint Capital Fund, and SB Opportunities Fund II.
Shyam Dhani Industries plans to use the proceeds from the IPO to strengthen its presence in both domestic and global markets. The company’s leadership, including Chairman and Managing Director Ramawtar Agarwal, believes the funds will help improve its operations and drive long-term value creation.
