Investor Jackpot Alert! This SME IPO Is on Fire: Subscribed 900x on Day 3, GMP at 100%; Big Listing Gains?

After a series of blockbuster mainboard IPO listings, the SME IPO market is now stealing the spotlight. Shyam Dhani Industries IPO has emerged as one of the most talked-about SME public issues experiencing extraordinary investor demand and a sky-high grey market premium lately.

The SME IPO, worth Rs. 38.49 crore, is seeing what people are calling a rare demand frenzy, with subscriptions crossing 600 times and GMP touching 100%, sparking hopes of bumper listing gains.

Shyam Dhani Industries IPO Subscription Status

By the end of Day 3 the Shyam Dhani Industries IPO subscription stood at a massive 895.62 times overall, making it one of the most oversubscribed SME IPOs of the year.

Category-wise subscription details show overwhelming interest:Retail Individual Investors (RII) subscribed it 1,029.15 times, while the QIB and the NII subscribed it 237.52 times and 1,459.20 times

Shyam Dhani Industries IPO GMP Today at 100%

The Shyam Dhani Industries IPO GMP today is ruling the charts. As per the Latest data the stock in the grey market is trading at Rs. 140 per share which means 100% listing gain since the stock is priced at Rs. 70. This means investors who manage to get allotment could potentially double their money on listing day, subject to market conditions.

Shyam Dhani Industries IPO Details

The Shyam Dhani Industries IPO is a fresh issue, worth Rs. 38.49 crore. The Price band for the IPO is set at Rs. 65 to Rs. 70 per share. The minimum investment through which one can make by buying one Lot size i.e 2,000 shares worth Rs. 2,81,000. The Issue which opened on December 22nd and is closing today i.e December 24th.

Shyam Dhani Industries IPO Allotment & Listing Date

The Allotment date for Shyam Dhani Industries IPO is Expected on December 26th and the listing is expected on December 30 on the NSE SME platform. Given the extremely high subscription numbers, the probability of allotment is expected to be low, especially in the retail category.

About the Company

Shyam Dhani Industries Limited is a Jaipur-based FMCG company primarily engaged in manufacturing and processing a wide range of spices sold under the "SHYAM" brand. It is an ISO-certified manufacturer, exporter, wholesaler and supplier of premium spices, spice powders and whole spices.