Shyam Dhani Industries SME IPO Subscription Status
Shyam Dhani Industries SME IPO closed on 24 December 2025 with an overall subscription of 988.40x based on shares applied. QIB demand came in at 256.24x, NII at 1,613.08x, and retail at 1,137.95x.
Allotment will be finalised on 26 December 2025. The stock is scheduled to list on NSE and BSE on 30 December 2025.
Issue Price
Rs 70.00
GMP Today
Rs 68.00 (+97.14%)
Overall Subscription
988.40x
Issue Size
₹36.53 Cr
Allotment Date
26 Dec 2025
Listing Date
30 Dec 2025
Shyam Dhani Industries SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 70.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 7.31 Cr | Rs 1,872.61 Cr | 256.24x |
| FII | - | Rs 427.28 Cr | - |
| DFI | - | Rs 188.06 Cr | - |
| Mutual Funds | - | Rs 23.67 Cr | - |
| Other | - | Rs 1,233.60 Cr | - |
| NII | Rs 5.50 Cr | Rs 8,875.15 Cr | 1,613.08x |
| bNII (above Rs 10L) | Rs 3.67 Cr | Rs 6,786.15 Cr | 1,850.10x |
| Corporate | - | Rs 69.55 Cr | - |
| Individual | - | Rs 6,656.76 Cr | - |
| Other | - | Rs 59.84 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 1.83 Cr | Rs 2,089.00 Cr | 1,139.04x |
| Corporate | - | Rs 11.93 Cr | - |
| Individual | - | Rs 2,062.72 Cr | - |
| Other | - | Rs 14.35 Cr | - |
| IND | Rs 12.80 Cr | Rs 14,561.15 Cr | 1,137.95x |
| Total | Rs 25.61 Cr | Rs 25,308.91 Cr | 988.40x |
Shyam Dhani Industries SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 522 | 168 | 0.32x |
| FII | - | 32 | - |
| DFI | - | 11 | - |
| Mutual Funds | - | 4 | - |
| Other | - | 121 | - |
| NII | 131 | 1,01,888 | 777.77x |
| bNII (above Rs 10L) | 87 | 56,932 | 654.39x |
| Corporate | - | 430 | - |
| Individual | - | 56,129 | - |
| Other | - | 373 | - |
| sNII (Rs 2L to Rs 10L) | 44 | 44,956 | 1,021.73x |
| Corporate | - | 268 | - |
| Individual | - | 44,384 | - |
| Other | - | 304 | - |
| IND | 457 | 5,20,041 | 1,137.95x |
| Total | 1,110 | 6,22,097 | 560.45x |
What Do These Subscription Numbers Mean?
A subscription of 988.40x by shares means the IPO received bids for 988 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 256.24x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 256.24x, it reflects serious institutional conviction.
NII at 777.77x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 654.39x and sNII at 1,021.73x by applications. Share subscription was 1,613.08x. Allotment uses application count, not share volume.
At 1,137.95x subscription by applications, approximately 1 in 1138 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
Shyam Dhani Industries SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 1,137.95x.
- •Allotment odds: about 1 in 1138 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 1,021.73x.
- •Allotment odds: about 1 in 1022 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 1,139.04x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 654.39x.
- •Allotment odds: about 1 in 654 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 1,850.10x. Allotment uses application count, not share volume.
Check the Shyam Dhani Industries SME IPO Allotment Status page from 26 December 2025 for your allotment result.
Shyam Dhani Industries SME IPO GMP After Subscription
GMP for Shyam Dhani Industries SME stands at Rs 68.00 today, giving an estimated listing price of Rs 138.00 per share.
A subscription of 988.40x combined with a GMP of 97.14% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Shyam Dhani Industries SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Shyam Dhani Industries SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 22 Dec 2025 | 10.43x | 77.01x | 90.08x | 64.54x |
| Day 2 - 23 Dec 2025 | 10.70x | 373.52x | 360.68x | 263.55x |
| Day 3 - 24 Dec 2025 | 256.24x | 1,612.65x | 1,137.92x | 988.29x |
Shyam Dhani Industries SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 22 December 2025 |
| IPO Close Date | 24 December 2025 |
| Allotment Date | 26 December 2025 |
| Refund Initiation | 27 December 2025 |
| Share Credit to Demat | 27 December 2025 |
| Listing Date | 30 December 2025 |
| Minimum Investment | Rs 2,80,000.00 |
| Lot Size | 2000 shares |
About Shyam Dhani Industries SME
Shyam Dhani Industries Limited, established in 1995, is an ISO-certified manufacturer, exporter, and supplier of premium spices, spice powders, and whole spices under the brand name 'SHYAM'. The company processes 163 varieties of spices and trades grocery products like salt, rice, poha, and herbs. Based in Jaipur, Rajasthan, the company operates an integrated manufacturing and packaging facility and distributes through multiple channels including general trade, retail chains, and quick-commerce platforms.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Shyam Dhani Industries SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Shyam Dhani Industries SME IPO Allotment Status
Check allotment result on allotment date
Shyam Dhani Industries SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Shyam Dhani Industries SME IPO Subscription FAQs
What is Shyam Dhani Industries SME IPO subscription status today?
Shyam Dhani Industries SME IPO subscription closed on 24 December 2025 with overall subscription of 988.40x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 256.24x, NII 777.77x, IND 1,137.95x.
What is the overall subscription of Shyam Dhani Industries SME IPO?
Shyam Dhani Industries SME IPO is subscribed 988.40x overall by shares at close on 24 December 2025. QIB 256.24x, NII 777.77x, and IND 1,137.95x.
What is Shyam Dhani Industries SME IPO QIB subscription?
Shyam Dhani Industries SME IPO QIB (Qualified Institutional Buyers) subscription is 256.24x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Shyam Dhani Industries SME IPO IND subscription?
Shyam Dhani Industries SME IPO IND subscription is 1,137.95x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Shyam Dhani Industries SME IPO NII subscription?
Shyam Dhani Industries SME IPO NII (Non-Institutional Investors) subscription is 777.77x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Shyam Dhani Industries SME IPO for retail?
At 1,137.95x subscription by applications, approximately 1 in 1138 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
When is Shyam Dhani Industries SME IPO allotment date?
Shyam Dhani Industries SME IPO allotment date is 26 December 2025. Check Shyam Dhani Industries SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Shyam Dhani Industries SME IPO subscription close?
Shyam Dhani Industries SME IPO subscription closed on 24 December 2025. No new applications are accepted after the close.
What is Shyam Dhani Industries SME IPO GMP today?
Shyam Dhani Industries SME IPO GMP is ₹68 today (+97.14% over issue price ₹70). See live GMP on the Shyam Dhani Industries SME IPO GMP Today page.
What is Shyam Dhani Industries SME IPO issue price and lot size?
Shyam Dhani Industries SME IPO issue price is ₹70 per share. Lot size is 2000 shares. Minimum investment is ₹2,80,000 per lot (minimum 2 lots for SME). Issue size: ₹36.53 Cr.
When is Shyam Dhani Industries SME IPO listing date?
Shyam Dhani Industries SME IPO listing date is 30 December 2025 on NSE and BSE. Allotment is on 26 December 2025.
How does subscription affect Shyam Dhani Industries SME IPO allotment?
Allotment odds in Shyam Dhani Industries SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 777.77x by applications means roughly 1 in 778 for minimum-lot bids; bNII at 654.39x (~1 in 654). At 988.40x overall, competition is very high.
For allotment results from 26 December 2025, visit the Shyam Dhani Industries SME IPO Allotment Status page. For listing day updates on 30 December 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.