Shyam Dhani Industries heads into debut tomorrow with 100% GMP. What to expect on listing day
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Shyam Dhani Industries is set to make its market debut on NSE SME on December 30, with grey market signals pointing to a strong opening. The unlisted market is currently pricing the stock at a 100% premium to its issue price, implying a potential listing premium of 90%, against the IPO price of Rs 70 per share. The Rs 38.49 crore IPO of Shyam Dhani Industries has been one of the most subscribed SME issues this year. The issue, which was entirely a fresh issue of 54.98 lakh shares, was subscribed 988.29 times overall, placing it among the most heavily subscribed SME IPOs in recent years. Retail investors led the frenzy, bidding 1,137 times the shares reserved for them, while the non-institutional investor category saw subscriptions of 1,612 times. Even qualified institutional buyers, typically more selective in SME issues, subscribed 256 times the shares available to them. The IPO also raised Rs 10.92 crore from anchor investors, indicatin...