Shyam Dhani SME IPO: Tsunami of bids of 988 times; allotment today, know the steps to check

Kolkata: Nothing could have been a more fitting close to 2026 when the IPO market set new peaks with 104 mainboard listings and more than 275 SME IPO listings this year. But the grand finale to this year is perhaps being provided by a spice manufacturing company from Jaipur, Shyam Dhani Industries, which set the market ablaze by attracting 988.29 times overall subscription -- 1,137.92 times in the individual investors category, 256.24 times in QIB (Ex Anchor) category and 1,612.65 times in the NII category by December 24, when the biding window ended.

According to investorgain, the Shyam Dhani Industries IPO GMP stood at Rs 70. Considering the issue price at Rs 70, the estimated listing price of Shyam Dhani Industries shares will be Rs 1540 and the listing gain 100%, a rarity on Dalal Street. Significantly, the GMP kept moving up steadily from Dec 13, when it was only at Rs 21. On the day of the bidding process opening, it stood at Rs 50 and at Rs 70 when the bidding window closed on Dec 24.

Since the issue was subscribed 1,137 times in the individual investor category and 1,612.65 times in the NII category a lot of people will be eager to know whether they have been allotted the shares they bid for. In order to know one can adopt the following process. The shares will list on the NSE SME segment.

ONE: Enter the NSE portal

TWO: Go to the SME IPO segment

THREE: Go to "Equity & SME IPO bid details" section

FOUR: Select the name of the company SHYAMDHANI from a dropdown menu

FIVE: Type in your PAN and application number

SIX: Click on Submit to know the result

SME IPO allotment is published by the registrar in the basis of allotment document. Investors can also check the allotment status by visiting the website of the registrar.

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The company, set up in 1995, is engaged in the manufacture, export, wholesale and supply of premium spices in the form of powders, whole spices and blended spices. It also distributes grocery products, including black salt, rock salt, rice, poha (flattened rice), and kasuri methi (dried fenugreek leaves). The company has a total of 163 types of spices under its brand "SHYAM," including ground, blended, and whole spices. The company's manufacturing unit is located in Jaipur.