Shyam Dhani Industries Ipo
Shyam Dhani Industries IPO Review & Key Points
Review: Neutral
Rating: 2
IPO Lead Managers aka Merchant Bankers
Holani Consultants Pvt.Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,80,000 |
| Retail Maximum | 2 | 4,000 | ₹2,80,000 |
| S-HNI Minimum | 3 | 6,000 | ₹4,20,000 |
| S-HNI Maximum | 7 | 14,000 | ₹9,80,000 |
| B-HNI Minimum | 8 | 16,000 | ₹11,20,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 15,60,000 Shares | 28.37% |
| QIB (Ex. Anchor) | 10,44,000 Shares | 18.99% |
| NII Shares Offered | 7,86,000 Shares | 14.30% |
| Retail Shares Offered | 18,28,000 Shares | 33.25% |
| Anchor Bidding Date | December 19, 2025 |
| Anchor Investors List | |
| Shares Offered | 15,60,000 Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | January 25, 2026 |
| lock-in period end date 50% shares (90 Days) | March 26, 2026 |
| IPO Open Date: | December 22, 2025 |
| IPO Close Date: | December 24, 2025 |
| Basis of Allotment: | December 26, 2025 |
| Refunds: | December 29, 2025 |
| Credit to Demat Account: | December 29, 2025 |
| IPO Listing Date: | December 30, 2025 |
| IPO Bidding Cut-off Time: | December 24, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,48,72,000 | 98.11% |
| Promoter Holding Post Issue | 2,03,70,000 | -% |
| Purpose | Crores |
| Purchase of machineries for installation at existing manufacturing unit located at Khasra No. 06/1067 Manpura Road, Jatawali, near Delhi bypass, Tehsil – Chomu, Jaipur, Rajasthan | ₹0.91 |
| Purchase of 200 KW Solar Rooftop Grid-connected PV System | ₹0.66 |
| Part Repayment of existing Cash Credit Facility availed by the company from scheduled commercial banks | ₹7.0 |
| Funding the incremental working capital requirements of the company | ₹14.65 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹68.10 | ₹63.87 | ₹2.92 | ₹27.51 |
| 2024 | ₹107.64 | ₹99.22 | ₹6.30 | ₹52.84 |
| 2025 | ₹124.75 | ₹113.98 | ₹8.04 | ₹82.47 |
| September 2025 | ₹63.83 | ₹58.19 | ₹4.20 | ₹88.79 |
| KPI | Values |
| ROE: | 41.06% |
| ROCE: | 39.00% |
| EBITDA Margin: | 11.65% |
| PAT Margin: | 6.45% |
| Debt to equity ratio: | 2.00 |
| Earning Per Share (EPS): | ₹5.41 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 34.07% |
| Net Asset Value (NAV): | ₹15.87 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Madhusudan Masala Limited | 8.49 | 13.56 | 12.77% | 63.10 | 216.50 Cr. |
| NHC Foods Ltd | 0.31 | 3.06 | 8.09% | 1.39 | 341.41 Cr. |
| IPO Open Date | December 22, 2025 |
| IPO Close Date | December 24, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹65 to ₹70 Per Share |
| Issue Size | Approx ₹38.49 Crores |
| Fresh Issue | Approx ₹38.49 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |