Shyam Dhani Industries IPO Soars 90% on Debut; Investors See Massive Gains

• Shyam Dhani Industries shares listed at ₹133 on NSE Emerge, a 90% premium over its ₹70 issue price.
• The blockbuster listing led to a market capitalization of ₹282 crore, aligning with the 97-100% Grey Market Premium.
• The SME IPO received overwhelming investor response, subscribed 918 times overall, with NII at 1,613x and Retail at 1,138x.
• The ₹38.48 crore IPO funds will fuel business expansion, including new machinery, a solar plant, marketing, and debt repayment.
• Investors who received allotments saw their money nearly double on the first day of trading.

Why It Matters: Shyam Dhani Industries IPO delivered a stellar 90% debut gain, rewarding investors significantly.