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Record-Breaking Demand Propels Shyam Dhani SME IPO to Historic Levels
Shyam Dhani Industries’ SME IPO saw unprecedented 918 times subscription in 2025, with grey market signals pointing to sharp listing gains amid strong investor appetite.
The IPO of drew extraordinary investor interest, emerging as the most subscribed SME issue of 2025 and the fifth highest ever in India. NSE data shows the Jaipur based masala maker received bids for about 361.6 crore shares, translating into a staggering 918 times subscription. Market trackers note that such intense demand reflects strong appetite for niche consumer businesses.