Shyam Dhani Industries Ltd IPO Opens on December 22, 2025; Price Band set at ₹ 65 – ₹ 70 Per Equity Share

• Total Issue Size – Up To 54,98,000 Equity Shares of ₹ 10 each
• IPO Size – ₹ 38.49 Crore (At Upper Price Band)
• Price Band – ₹ 65 – ₹ 70 Per Share
• Lot Size – 2,000 Equity Shares

Shyam Dhani Industries Limited (The Company Shyam) is engaged primarily in manufacturing and processing varieties of spices under the brand ‘SHYAM’, proposes to open its Initial Public Offering on Monday, December 22, 2025 aiming to raise ₹ 38.49 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform.

The issue size is 54,98,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 65 – ₹ 70 Per Share.

Equity Share Allocation

• Anchor Portion – Up To 15,60,000 Equity Shares
• Qualified Institutional Buyer – Up To 10,44,000 Equity Shares
• Non-Institutional Investors – Not less than 7,86,000 Equity Shares
• Retail Individual Investors – Not less than 18,28,000 Equity Shares
• Market Maker – Up To 2,80,000 Equity Shares

The net proceeds from the IPO will be utilized for Funding the incremental working capital requirements, Repayment/Pre-Payment of certain outstanding borrowings, 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 Solar Rooftop Plant at the existing manufacturing unit and General Corporate Purposes. The anchor portion will open on Friday, Dec 19,2025 and the issue will open on Monday, Dec 22, 2025 and will close on Wednesday, Dec 24, 2025.

The Book Running Lead Manager to the Issue is Holani Consultants Private Limited, The Registrar to the Issue is Bigshare Services Private Limited.

Ramawtar Agarwal, Chairman & Managing Director of Shyam Dhani Industries Limited expressed, “The launch of our Initial Public Offering marks a defining milestone in the growth journey of Shyam Dhani Industries Limited. Over the years, our Company has evolved into a diversified food processing sector, delivering varieties of spices under our flagship brand ‘SHYAM’, along with a wide portfolio of groceries, herbs, and seasonings tailored to India’s dynamic culinary preferences.

This IPO will provide strategic capital to reinforce our capabilities and accelerate the next phase of expansion. The proceeds will be utilized 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.”

Ashok Holani, Director of Holani Consultants Private Limited said, “The Initial Public Offering of Shyam Dhani Industries Limited marks an important inflection points for a company that has steadily built a remarkable presence in India’s fast-growing food processing segment. With a robust portfolio and an expanding range of groceries, herbs, and seasonings, the Company is well-positioned to leverage evolving consumer preferences and the rising demand for trusted home-grown brands.

The IPO will equip the company Industries with the capital required to strengthen its operational backbone and drive the next phase of sustainable expansion. The proposed investments toward working capital, brand building, manufacturing upgrades, and renewable energy initiatives reflect a clear focus on scale, efficiency, and long-term value creation. We believe this public offering will further enhance the Company’s market position and support its ambition to grow across India and emerging global markets.”

About Shyam Dhani Industries Limited

Shyam Dhani Industries Limited is a diversified food processing company best known for its extensive portfolio of over 160 varieties of spices marketed under the brand “SHYAM.” Expanding beyond spices, the company is also engaged in the trading of essential groceries, along with a wide range of herbs and seasonings aligned with evolving culinary preferences.

Backed by a vertically integrated supply chain, Shyam Dhani sources raw materials directly from mandis across India and processes them at its dedicated manufacturing facility in Jatawali, Chomu, Jaipur, with end-to-end capabilities covering cleaning, grading, and grinding.

The company follows a strong multi-channel distribution strategy across B2B and D2C segments, with presence in General Trade, Modern Trade, Quick Commerce, HoReCa, exports, private labeling, and its own direct-to-consumer online platform. With SKUs ranging from 5 gm sachets to 25 kg bulk packs, Shyam Dhani effectively caters to both household and commercial markets.

In FY25, the company reported revenues of ₹12,468.04 lakhs, EBITDA of ₹1,452.06 lakhs, and PAT of ₹804.16 lakhs. For the six-month period ended September 2025, revenues stood at ₹6,377.96 lakhs, with EBITDA of ₹865.85 lakhs and PAT of ₹420.03 lakhs.