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Shyam Dhani Industries Ltd
FMCGIPOSME
₹70 - 70
The Company is engaged in the manufacturing and processing of 164 type varieties of spices such as Ground Spices, Blend Spices and Whole Spices under the brand name "SHYAM". In addition to its spice offerings, the company is also engaged in trading and distribution of Grocery Products such as Black Salt, Rock Salt, Rice, Poha, Kasuri Methi (Dried Fenugreek) etc. and a diverse range of Herbs and seasonings which includes Organo, Peri Peri, Chilli Flakes, Mixed Herbs, Onion Flakes, Tomato Powder etc.
Lot2,000Min Invest₹2,80,000Face Value₹10Issue Size₹38 CrFresh Issue₹38 CrCMP₹53
Timeline
22 Dec
Bidding opens
24 Dec
Bidding closes
26 Dec
Allotment
29 Dec
Refund & demat credit
30 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹38 Cr0.55 Cr shares
Fresh Issue₹38 Cr
Face Value₹10
Lot Size2,000 shares
ReservationQIB 49.91% · NII 15.06% · RETAIL 35.03%
Application Sizes
Retail₹2,80,0001-1 lots
sNII₹2,80,000from 2 lots
bNII₹11,20,000from 8 lots
Managers & Registrar
Lead ManagerHolani Consultants Pvt Ltd
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group98.11%51.1%Public1.89%48.9%
Objects of the Issue
- Funding the incremental working capital requirements of the company
- Repayment/Pre-payment, in full or in part, of certain outstanding borrowings availed by its company.
- Brand Creation and Marketing Expenses
- Purchase of machineries for installation at existing manufacturing unit located at Khasra No. 06/1067 Manpura Road, Jatawali, near Delhi bypass, Tehsil - Chomu, Jaipur, Rajasthan
- Purchase of 200 KW Solar Rooftop Grid-connected PV System
- General Corporate Purpose
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 68 | 108 | 125 | 146 |
| Operating ProfitCr | 6 | 11 | 15 | 17 |
| OPM% | 8.8 | 10.1 | 11.7 | 11.3 |
| PBTCr | 4 | 8 | 11 | 11 |
| PATCr | 3 | 6 | 8 | 9 |
| EPS | 2 | 4 | 5 | 5 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 15 | - |
| ReservesCr | 8 | 14 | 9 | - |
| BorrowingsCr | 13 | 24 | 47 | - |
| Total AssetsCr | 28 | 53 | 82 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 3 | -5 | -6 | -8 |
| Investing Cash FlowCr | -3 | -4 | -14 | -13 |
| Financing Cash FlowCr | -1 | 10 | 20 | 22 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Integrated Pest Management (IPM).
- Experienced management team and promoters with qualified workforce.
- Established manufacturing facility and integrated production with cost efficiencies.
- Diversified product portfolio.
- Strong and consistent financial performance.
- Long and strong relationship with customers and dealers and efficient supply chain management.
Strategies · as stated in the DRHP
- Continued focus on diversified business model.
- Increase in advertisement and marketing activities.
- Investment in improving product quality.
- Expanding International Business.
Risks · as stated in the DRHP
- The company dependent upon a limited number of suppliers 42.11%, 40.86%, 58.66% and 68.70% of its Total Purchases are derived from the company top 10 suppliers for the period ended on September 30, 2025 and for the Fiscal Years ended on March 31, 2025, 2024 and 2023. Further the company 5.96%, 13.20%, 27.88% and 22.28% of its total purchases for the period ended on September 30, 2025 and for the Fiscal Years ended on March 31, 2025, 2024 and 2023 are procured from its group company and members of the company Promoter Group. the company does not has long-term contracts with any of the company suppliers. Any disruption in the supply of raw materials or any failure of its suppliers to deliver these products in the necessary quantities or to adhere to delivery schedules, credit terms or specified quality standards and technical specifications may adversely affect the company business and its ability to deliver orders on time at the desired level of quality.
- Its may faces shortage of Raw Materials because of the seasonal nature of the company purchase.
- The company products are semi-perishable in nature and the shelf life of its products ranges from 4-18 months. Inaccurate demand forecasting for the company semi-perishable product can result in excess inventory and waste which, in turn, could has an adverse effect on the company business, financial condition, results of operations and cash flows.
- The Company requires significant amounts of working capital for continued growth. Its inability to meet the company working capital requirements may has an adverse effect on the results of operations. Further, failure to manage the company inventory could has an adverse effect on the company sales, profitability, cash flow and liquidity.
- The Company, its Group Company, the company Promoters and its Directors other than promoters are involved in certain legal proceedings. Any adverse decision in such proceedings may render it / them liable to liabilities / penalties and may adversely affect the company business and results of operations.
- The company dependent on and derive the company 57.86 %, 56.39%, 57.92% and 45.05% of revenue from its top 10 key customers for the period ended on September 30, 2025 and during the fiscal year ended on March 31, 2025, 2024 and 2023. Decreasing the revenues its derive from them could materially and adversely affect the company business, results of operations, cash flow and financial condition.