Shyam Dhani Industries IPO Opens December 22 With Strong Grey Market Premium

Shyam Dhani Industries Ltd, an ISO-certified manufacturer and supplier of premium spices and grocery products, is set to open its initial public offering (IPO) on December 22, 2025. The company, established in 1995, has built a reputation in the domestic and export markets for its wide range of spice powders, whole spices, and seasoning products.  

Key highlights from the announcement include  

• The IPO will raise Rs 38.49 crore through a fresh issue of 5.5 million equity shares, with no offer-for-sale component.  
• The price band has been fixed at Rs 65–70 per share, with a lot size of 2,000 shares.  
• At the upper price band, retail investors will need Rs 2,80,000 to bid for two lots comprising 4,000 shares.  
• The IPO will remain open from December 22 to December 24, 2025.  
• Grey Market Premium (GMP) trends suggest strong investor interest, with premiums hovering around 50%, indicating potential listing gains.  
• The company’s product portfolio includes black salt, rock salt, rice, poha, kasuri methi, and a variety of herbs and seasonings such as oregano, peri peri, chilli flakes, mixed herbs, onion flakes, and tomato powder.  
• Funds raised will be used to expand manufacturing capacity, strengthen distribution networks, and support working capital requirements.  

Industry experts note that the strong GMP reflects optimism about the company’s growth prospects in the FMCG sector, particularly in the spices and grocery segment, which continues to see rising demand in both domestic and international markets.  

The IPO is expected to attract retail investors looking for exposure to India’s growing food and spice industry, while also offering potential listing gains given the current grey market sentiment.  

Sources: Business Standard, IPO Watch, GMP IPO