Shyam Dhani IPO breaks records with massive oversubscription

Business Dec 25, 2025

Shyam Dhani Industries, a Rajasthan-based spice maker, just saw its IPO snapped up 918 times over—meaning demand for shares was off the charts.
Investors placed bids worth ₹25,308.9 crore for shares valued at only ₹144.6 crore, making this one of the most talked-about IPOs lately.

Why everyone's buzzing:

Retail and non-institutional investors led the charge, subscribing far beyond their quotas (over 1,000 times each!). The share price in the gray market even doubled thanks to all this hype. Funds from the IPO will help Shyam Dhani expand and buy new machinery.
Other recent IPOs—like Sundrex Oil and EPW India—also saw solid interest, with allotments set to be finalized by December 26 and trading starting December 30.