GMP Update
Shyam Dhani Industries: Allotment Finalized Amidst 100% GMP
Checking the allotment and 100% GMP status of Shyam Dhani Industries.
The basis of allotment for Shyam Dhani Industries has been finalized today, December 26, 2025, following a record-breaking subscription of 988x. The "Jaipur Masala" company has seen the highest informal market interest of the year, with the Grey Market Premium (GMP) hitting ₹70—exactly 100% of the issue price. This implies that the market expects the stock to double on its listing day, December 30.\n\n\n\nWith over 1,100x subscription in the retail category, the competition for allotment was extreme. Statistically, less than 1 out of every 1,000 retail applicants received the 2000-share lot. Investors who were successful will see their funds debited today, while others will receive their UPI unblock notifications by Monday morning. The listing on the NSE SME platform is expected to be a "high-circuit" event.\n\nFinancially, Shyam Dhani is riding a wave of success in the packaged food sector. Their 28% profit growth in FY25 and 41% Return on Equity (ROE) make them a top-tier FMCG play. The company plans to use the ₹38.49 crore raised to automate their Rajasthan facility, which will significantly improve their margins by reducing labor-intensive processes. This "Scale and Automate" strategy is what attracted institutional bidders who subscribed 256x.\n\nA word of caution for those looking to buy on listing day: at a 100% premium, the P/E ratio of the company will cross 25x, which is significantly higher than its listed peers like Madhusudan Masala. Chasing the stock at its peak listing price carries the risk of a "reversion to mean" once the initial hype settles. It is often better to wait for the first-quarter results post-listing to evaluate the company’s actual performance versus the market expectations.\n\nOverall, Shyam Dhani Industries is the "Success Story" of the 2025 SME market. It proves that even in a crowded market, regional brands with strong "Brand Recall" and clean balance sheets can attract massive capital. All eyes are now on the 10:00 AM listing bell on December 30.