Shyam Dhani Industries IPO Lists at 90% Premium on NSE SME After Massive Subscription

Written by: Kusum KumariUpdated on: 30 Dec 2025, 3:52 pm IST

Shyam Dhani Industries made a strong stock market debut, listing at a 90% premium on NSE SME after its IPO was subscribed nearly 1,000 times.

Shares of Shyam Dhani Industries Ltd made an impressive debut on the NSE SME platform on December 30, 2025. The stock listed at ₹133 per share, delivering a 90% premium over the IPO issue price of ₹70.

The strong opening was in line with NSE SME rules, which cap listing gains at 90% above the issue price.

IPO Size and Structure

The IPO consisted entirely of a fresh issue of 55 lakh shares, raising ₹38.49 crore. There was no offer for sale (OFS).

Price band: ₹65–₹70 per share
Issue price: ₹70 per share
Lot size: 2,000 shares
Issue dates: December 22–24, 2025
Allotment date: December 26, 2025

Record-Breaking Subscription Numbers

The IPO saw exceptional demand across all investor categories.

Overall subscription: 988.29 times
Non-institutional investors (NIIs): 1,612.65 times
Retail investors: 1,137.92 times
Qualified institutional buyers (QIBs): 265.24 times

This made it one of the most heavily subscribed SME IPOs of 2025.

Also Read: Upcoming IPO: SEBI Approved DRHP of 4 Companies, Including Shivalaya Construction and Varmora Granito

Use of IPO Proceeds

Shyam Dhani Industries plans to use the IPO funds for business growth and strengthening operations:

₹13.26 crore: Working capital needs
₹10 crore: Repayment or prepayment of debt
₹6.35 crore: Brand building and marketing
₹1.63 crore: Purchase of new machinery
₹6.49 crore: Solar rooftop plant at the existing manufacturing unit
Remaining funds: General corporate purposes

(As per the Red Herring Prospectus)

Key IPO Intermediaries

Registrar: Bigshare Services
Lead Manager: Holani Consultants

Conclusion

Shyam Dhani Industries’ strong listing highlights the growing investor appetite for SME IPOs with solid fundamentals. The near-1,000x subscription and 90% listing gain reflect high confidence in the company’s growth plans and future potential.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Dec 30, 2025, 10:22 AM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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