Shyam Dhani GMP at 100% after near 1000x subscription. Check allotment on Bigshare Services and NSE

The allotment status for the Shyam Dhani Industries IPO is expected to be finalised on December 26, 2025. Investors who applied for the issue can check their allotment online through the registrar’s website, Bigshare Services, or via the NSE portal once the basis of allotment is announced.

To check the allotment through the registrar, investors need to visit the Bigshare Services IPO allotment page.

Visit Bigshare Services allotment page:
https://ipo.bigshareonline.com/ipo_status.html


Select Shyam Dhani Industries IPO.

Enter your PAN, application number, or DP/Client ID to check the allotment.

On the NSE website

Visit the NSE allotment page:
https://www.nseindia.com/invest/check-ipo-allotment

Select Equity.

Choose Shyam Dhani Industries.

Enter your PAN or application number.

If allotted, shares will be credited to demat accounts on December 12. Refunds for non-allottees will also be initiated on the same day.

Shyam Dhani Industries GMP

Ahead of allotment, the grey market premium (GMP) for the issue is tracking around 100%, indicating strong informal market demand. At the upper issue price of Rs 70 per share, this implies a potential listing price of around Rs 140. However, investors should note that GMP is unofficial and can change sharply before listing.

Strong subscription trends

The IPO drew strong interest from investors. The issue was subscribed nearly 988 times overall, led by massive demand from non-institutional investors at over 1,600 times and retail investors at more than 1,100 times. Qualified institutional buyers subscribed to the issue over 256 times, reflecting broad-based participation across categories.

Shyam Dhani Industries raised Rs 38.49 crore through a fresh issue and will list on the NSE SME platform on December 30. The company operates in the spices and packaged food segment under the “Shyam” brand, with a diversified presence across general trade, modern retail, quick commerce, HoReCa, and exports.

Financially, the company reported a 16% rise in revenue and a 28% increase in profit in FY25. However, leverage remains elevated, with a debt-to-equity ratio of 2.

Given the extremely high oversubscription and strong grey market signals, listing gains are being closely watched, though investors are advised to track broader market conditions ahead of the debut.