Shyam Dhani Industries saw its shares start trading at Rs 133 each, a 90% jump from the Rs 70 IPO price.
What Happened?
The company listed on the NSE Emerge platform on Dec 30, giving it a market value of about Rs 282 crore. The price was close to the high grey‑market expectations, which had shown a 97% premium before the listing.
IPO Summary
- Issue size: 5.5 million shares to raise Rs 38.48 crore.
- Price band: Rs 65‑70 per share.
- Subscription: 918 times overall; retail investors 1,138 times, non‑institutional investors 1,613 times, qualified institutional buyers 256 times.
- Minimum investment for retail: 2,000 shares (about Rs 2.6 lakh).
How the Money Will Be Used
- Working‑capital needs.
- Brand building and marketing.
- Buying new machinery for the current plant.
- Installing a solar rooftop power system.
- Paying down some debt and other general corporate purposes.
Why It Matters
The strong demand and high listing premium suggest confidence in the spices maker’s growth plans. Investors should watch how the company deploys the funds, especially the new equipment and solar project, which could improve margins.
Disclaimer
Remember, this is just an overview, not investment advice. Do your own research and consider your risk tolerance before making any decisions.