Mumbai, December 11, 2025 – 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 Offeringon 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
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 isBigshare Services Private Limited.
Mr. 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.”
Mr. 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 has established itself as a diversified player in the food processing sector, primarily engaged in manufacturing and processing 160+ varieties of spices under the brand “SHYAM.” The company’s portfolio extends beyond spices to include the trading of essential groceries and a wide range of herbs and seasonings, catering to evolving culinary trends.
Operationally, the company benefits from a vertically integrated supply chain, sourcing raw materials directly from mandis across India and processing them at its dedicated facility in Jatawali, Chomu, Jaipur. This facility supports end-to-end production capabilities, including cleaning, grading, and grinding.
The company employs a robust multi-channel distribution strategy, effectively penetrating both B2B and D2C markets. Its B2B presence spans General Trade, Modern Trade, Quick Commerce, and HoReCa, alongside export operations and private labeling services. This is complemented by a direct-to-consumer online channel. With SKU flexibility ranging from 5 gm sachets to 25 kg bulk packs, Shyam Dhani Industries Limited is well-positioned to address diverse demand segments across household and commercial demographics.
During FY25, The Company achieved a Revenue of ₹12,468.04 Lakhs, EBITDA of ₹ 1,452.06 Lakhs & PAT of ₹804.16 Lakhs.
For the six-month period ended September 2025, the Company achieved a Revenue of ₹ 6,377.96 Lakhs, EBITDA of ₹ 865.85 Lakhs & PAT of ₹ 420.03 Lakhs.
Disclaimer:
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.