Shyam Dhani IPO Closes Today: 380x Subscribed, GMP Soars 89% for Strong Listing

• Shyam Dhani IPO, a Rs 38.49 crore issue, closes today, December 24, with a price band of Rs 65-70.
• The IPO received an overwhelming 380.29x subscription overall by 10:30 am on its final day.
• Retail category subscribed 498.29x, NII 592x, and QIB 14.21x, showing strong investor interest.
• Grey Market Premium (GMP) for Shyam Dhani IPO stands at 89%, indicating a potential strong listing at Rs 132.
• The company, an ISO-certified spice supplier, reported a 16% revenue and 28% PAT rise in FY25.

Why It Matters: Shyam Dhani IPO sees massive oversubscription and high GMP, signaling a robust market debut.