Mumbai . Shyam Dhani Industries Limited, active in the manufacturing and processing of spices, which offers a variety of spices, groceries, herbs and seasonings products under its flagship brand ‘Shyam’, is going to open its initial public offering (IPO) on Monday, December 22, 2025.
The company aims to raise ₹38.49 crore through this IPO at the upper price band. Listing of the company’s equity shares is proposed on the NSE Emerge platform. This IPO is of a total of 54,98,000 equity shares of face value of ₹10, the price band of which has been fixed at ₹65 to ₹70 per share. The lot size for this issue has been kept at 2,000 equity shares.
Mr. Ramavtar Agarwal, Chairman and Managing Director, Shyam Dhani Industries Limited, said, “The launch of our IPO marks an important milestone in the growth journey of Shyam Dhani Industries. Over the years, our company has evolved into a diversified food processing entity, offering a wide range of spices as well as grocery, herbs and seasonings under the ‘Shyam’ brand.
This IPO will provide us with strategic capital to strengthen working capital, enhance brand visibility, upgrade machinery at manufacturing units and invest in solar rooftop systems for sustainable energy. This will increase operational efficiency and accelerate our expansion in domestic and international markets.”
Mr. Ashok Holeni, Director, Holeni Consultants Pvt Ltd, said, “The IPO of Shyam Dhani Industries Limited marks a significant turning point for the company, which has made a strong mark in India’s fast-growing food processing sector. With its broad product portfolio and focus on quality, the company is all set to take advantage of the changing consumer preferences and growing demand for indigenous brands.”
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