Mumbai, Dec. 30 -- The stock listed at Rs 133, a 90% premium to the IPO price, and is currently frozen at its upper limit of 5% over the listing price. It touched a high of Rs 139.65 and a low of Rs 133, with 32.12 shares traded on the exchange.

Shyam Dhani Industries' IPO was subscribed 657.61 times. The issue opened for bidding on 22 December 2025 and it closed on 24 December 2025. The price band of the IPO was set at Rs 65 to Rs 70 per share.

The IPO comprised fresh issue of 54,98,000 equity shares. The company intends to utilize the net proceeds to meet funding for the incremental working capital requirements of the company; repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company; brand cr...