SME IPOs: Shyam Dhani Industries and Dachepalli Publishers open - Should you bid?

New Delhi: Two SME IPOs - Shyam Dhani Industries and Dachepalli Publishers are set to open for public subscription on December 22, 2025, Monday. Both the public issues will close for subscription on 24 December. Shyam Dhani Industries SME IPO GMP stood at Rs 47. With the price band of Rs 70 apiece, the shares are expected to be listed at Rs 117, indicating around 67 per cent gains. Meanwhile, Dachepalli Publishers IPO GMP was recorded at 0. So the stocks are expected to list with no profit or loss.

Shyam Dhani Industries allocated 15.60 lakh equity shares at an anchor investor price of Rs 70 per share to seven entities, including Rajasthan Global Securities Pvt Ltd, Saint Capital Fund, SB Opportunities Fund II, and Small Industries Development Bank of India.

Also Read

Sebi changes IPO lock-in and disclosure rules; prospectus QR code will be available

Symbiotec Pharmalab files papers with Sebi to raise Rs 2,180 crore via IPO

Gujarat Kidney IPO opens on Monday: Anchors invest Rs 100 cr; check GMP, lot size

The Rs 38.49-crore IPO is entirely a fresh issue of up to 54.98 lakh equity shares. The SME IPO has a price band of Rs 65-70 per share. Shyam Dhani Industries IPO allotment is expected on December 26, while the shares will list on NSE SME with a tentative date fixed as 30 December 30, 2025.

The retail investors are required to bid for a minimum lot size of 2,000 shares, for which the minimum amount of investment required is Rs 2,80,000 (based on upper price). The investors applying in the HNI category are mandated to apply for 3 lots, amounting to Rs 4,20,000.

Book running lead manager of the IPO: Holani Consultants Pvt.Ltd. and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Holani Consultants Pvt Ltd.

Dachepalli Publishers is a Hyderabad-based company. Ahead of its IPO launch, it collected a little over Rs 11.48 crore from anchor investors. Dachepalli Publishers IPO allotment is expected on December 26. The shares will list on BSE SME with a tentative listing date - December 30.

Dachepalli Publishers IPO price band is fixed in the range of Rs 100 to Rs 102 per share. The minimum lot size for an application is 1,200, for which minimum amount of investment required is Rs 2,44,800 (based on upper price). The investors categorised as HNI are required to apply for 3 lots.

Synfinx Capital Pvt Ltd is the book running lead manager.

Bigshare Services Pvt Ltd is the registrar of the issue.

The Market Maker of the company is JSK Securities & Services Pvt Ltd.