Market Performance: IPO Frenzy on Day 1
Shyam Dhani Industries’ initial public offering (IPO) witnessed exceptional demand on the first day of bidding. The subscription numbers reveal strong investor interest across all categories.
- Subscription: 58.84 times
- Applications: 45,508 investors participated
- Shares applied for: 23.17 crore equity shares
- IPO offer size: 39.38 lakh shares
Investors from retail, institutional, and HNI categories actively picked up shares, reflecting high confidence in the spice manufacturer’s growth story.
Main News: Strong Investor Appetite
The Shyam Dhani Industries IPO, which launched on December 22, will stay open for subscription until December 24. The Rajasthan-based company plans to raise Rs 38 crore by offering 54.98 lakh shares at the upper price band of Rs 65–70 per share.
The overwhelming demand on day one sets the tone for a competitive bidding environment. The IPO comes at a time when investors are closely watching food and spice sector growth, fueled by growing demand both in domestic and international markets for packaged and branded spices.
Meanwhile, other IPOs that opened simultaneously saw moderate interest:
- Sundrex Oil Company: Subscribed 79%
- EPW India: Subscribed 19%
- Dachepalli Publishers: Subscribed 40%
Compared to these, Shyam Dhani Industries clearly stood out as the most sought-after IPO on day one.
Company Details: Shyam Dhani Industries
Shyam Dhani Industries is a Rajasthan-based spice manufacturer and exporter, offering a diverse product portfolio under the SHYAM brand.
- Products: 164 types of spices, including ground spices, blended spices, and whole spices
- Additional Business: Trades in grocery products
The company intends to deploy the IPO proceeds across several key strategic initiatives:
- Incremental working capital requirements
- Repayment of borrowings
- Brand creation and marketing activities
- Purchase of additional machinery
- Installation of solar rooftop plant at the existing manufacturing unit
- General corporate purposes
This structured approach ensures that the funds raised will support both operational efficiency and long-term growth initiatives.
Summary of the IPO Performance
Shyam Dhani Industries’ IPO has captured investor attention from day one, reflecting a strong market appetite for well-established spice brands. The high subscription levels highlight confidence in the company’s business model and future expansion plans.
- IPO Size: Rs 38 crore
- Offer Shares: 54.98 lakh
- Subscription: 58.84 times
- Investor Applications: 45,508
- Use of Funds: Working capital, machinery, brand promotion, solar plant, and corporate purposes
With its IPO closing on December 24, all eyes remain on the subscription trends in the remaining days.
Shyam Dhani Industries’ story is a classic example of a regional brand capturing national investor interest through a well-timed IPO backed by a solid business foundation.
Source: Moneycontrol
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