The allotment for the Shyam Dhani Industries IPO is expected to be finalized today, December 26, 2025. The IPO, which was open for subscription from December 22 to December 24, 2025, witnessed an overwhelming response, being oversubscribed by a massive 988.39 times. The book-built issue aimed to raise ₹38.49 crore through a fresh issue of 55 lakh shares. The price band was fixed at ₹65 to ₹70 per share, with a lot size of 2,000 shares.

Grey Market Premium (GMP)

Ahead of the allotment, the grey market premium (GMP) for Shyam Dhani Industries IPO is reported around ₹140 per share. This suggests a potential listing gain of approximately 100% over the upper price band of ₹70. However, investors should note that the GMP is an unofficial and unregulated indicator, subject to change.

How to Check Allotment Status

Investors can check their allotment status through the following methods:

1. Bigshare Services Website (Registrar)

• Visit the IPO allotment page on the Bigshare Services website.
• Select any of the provided server links.
• Choose "Shyam Dhani Industries" from the dropdown list.
• Select either PAN, Application Number, or Beneficiary ID.
• Enter the required details and click "Submit" to view the allotment status.

2. NSE Website

• Go to the NSE IPO allotment page.
• Select "Equity and SME IPO Bid Details".
• Choose "SHYAMDHANI" from the list of company symbols.
• Enter your PAN and Application Number and click "Submit".

3. BSE Website

• Visit the BSE website.
• Enter your application number or PAN.
• Click on "Search" to view the allotment details.

4. Angel One App

• Log in to the Angel One app.
• Go to the IPO Section and then to IPO Orders.
• Select the individual IPO that you had applied for and check the allotment status.

Allotment Details and IPO Objectives

The IPO was oversubscribed in all categories, with the Non-Institutional Investors (NII) segment booked 1,612.65 times, the retail portion 1,137.92 times, and Qualified Institutional Buyers (QIBs) 256.24 times. Successful applicants will have shares credited to their demat accounts on December 29, 2025, with refunds initiated on the same day. Shyam Dhani Industries plans to utilize the IPO proceeds for working capital requirements (₹13.26 crore), debt repayment (₹10 crore), brand creation and marketing (₹6.35 crore), purchase of new machinery (₹1.63 crore), and setting up a solar rooftop plant (₹64.9 crore). The remaining funds will be used for general corporate purposes.

Company Overview

Shyam Dhani Industries, founded in 2010 and based in Jaipur, is engaged in manufacturing, exporting, distributing, and supplying premium quality spices and food products. The company offers a wide range of 163 varieties of spices under the "SHYAM" brand, along with grocery items. The company's products include spices, spice powders, whole spices, and herbs, catering to both domestic and export demand.

The shares of Shyam Dhani Industries are tentatively scheduled to be listed on the NSE SME platform on December 30, 2025.