Jaipur masala firm turns into fifth most subscribed SME IPO ever; Rs 38 cr difficulty attracts Rs 25,000 crore bids
This feat makes it probably the most subscribed SME IPO in 2025 and the fifth most subscribed ever.
High 10 most subscribed IPOs
Subscription traits within the SME IPO phase spotlight the extraordinary surge in investor urge for food over the previous three years, with a number of points drawing demand that far outstripped provide. Here’s a sneak peek into the ten most subscribed SME points ever:Notably, 2024 dominates the record with six of the ten most subscribed SME IPOs. HOAC’s 2024 providing tops the chart with a report 1,963-times subscription, adopted by NACDAC Infrastructure at 1,545 instances and Hamps Bio at 1,048 instances, underscoring the frenzy round choose SME listings. Magenta Lifecare (1,007x), Greenhightech Ventures (771x) and Koura Fantastic Diamond (727x) are amongst different high-flyers.
The momentum has spilled into 2025 as nicely, with Shyam Dhani rising as a standout at 988 instances and Austere Methods drawing a 750-times subscription, signalling sustained danger urge for food amongst retail and HNI buyers.
Even in 2023, demand remained strong, as seen in Kay Cee Power (739x), Kahan Packaging (714x) and Trident Techlabs (538x).
ETMarkets.comShyam Dhani Industries IPO GMP
Shares of Shyam Dhani Industries IPO had been commanding a gray market premium (GMP) of Rs 65–70 over the higher worth band of Rs 70 per share. The estimated itemizing worth is Rs 140, with a probable itemizing premium of 100%.
Additionally Learn: India tops international IPO volumes in November; ranks second in difficulty worth at $3.7 billion, forward of US
Concerning the difficulty
The IPO was completely a contemporary difficulty and was priced within the vary of Rs 65 to Rs 70 per share. On the higher finish of the value band, the corporate is valued at round Rs 144.6 crore.
Shyam Dhani Industries is an ISO-certified producer and marketer of spices and grocery merchandise, working underneath the “Shyam” model. The corporate processes over 160 types of floor, blended and complete spices and likewise trades in merchandise similar to black salt, rock salt, rice, poha, kasuri methi and seasoning mixes.
Its manufacturing facility is situated in Jaipur, Rajasthan, and its merchandise are bought throughout common commerce, fashionable retail, fast commerce platforms, HoReCa channels and export markets.
The IPO construction included a retail lot dimension of two,000 shares, translating right into a minimal funding of Rs 2.8 lakh on the higher worth band. Forward of the general public difficulty, the corporate raised Rs 10.92 crore from anchor buyers, serving to to anchor demand for the providing.
The promoters of the corporate are Ramawtar Agarwal, Mamta Devi Agarwal and Vithal Agarwal.
Shyam Dhani Industries financials
Financially, the corporate has reported regular progress in recent times. Income rose 16% year-on-year in FY25 to Rs 124.75 crore, whereas revenue after tax elevated 28% to Rs 8.04 crore. EBITDA margins stood at about 11.7%, whereas return on fairness was over 41%.
Proceeds from the IPO will probably be used primarily to fund capital expenditure, together with the acquisition of recent equipment, set up of a photo voltaic rooftop system, partial reimbursement of present borrowings and incremental working capital necessities.
Lead managers
The Ebook Working Lead Supervisor (BRLM) is Bigshare Companies Non-public Restricted, whereas the registrar to the problem is Bigshare Companies Non-public Restricted.
(Disclaimer: The suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t characterize the views of The Financial Occasions.)
