Mumbai, Dec. 26 --

Holani Consultants Private Limited has achieved an unprecedented milestone in India's SME capital markets by structuring and executing the most subscribed SME Initial Public Offering of all time. The IPO of Shyam Dhani Industries Limited garnered bids worth over Rs.25,308 crore , with an extraordinary oversubscription of 918.09 times .



As the merchant banker for this landmark transaction, Holani Consultants demonstrated exceptional market positioning and execution capabilities, reflecting the firm's expertise in creating investor confidence and structuring successful capital market transactions.



Ashok Holani, Director of Holani Consultants Private Limited, stated:



"This unprecedented response underscores our commitment to excellence in SME capital market transactions and the trust that investors place in our structuring capabilities. We are grateful to all investors, intermediaries, and stakeholders whose collective confidence in our execution made this historic success possible."



"This unprecedented response underscores our commitment to excellence in SME capital market transactions and the trust that investors place in our structuring capabilities. We are grateful to all investors, intermediaries, and stakeholders whose collective confidence in our execution made this historic success possible."



Anchor Investor Participation



Holani Consultants successfully secured strong anchor investor participation from prominent institutions, including:



  • Small Industries Development Bank of India (SIDBI)

  • Rajasthan Global Securities Private Limited

  • SB Opportunities Fund

  • Saint Capital Fund

  • Meru Investment Fund PCC

  • Mint Focused Growth Fund PCC

  • Holani Venture Capital Fund



Small Industries Development Bank of India (SIDBI)



Rajasthan Global Securities Private Limited



SB Opportunities Fund



Saint Capital Fund



Meru Investment Fund PCC



Mint Focused Growth Fund PCC



Holani Venture Capital Fund



A Landmark Moment for Holani Consultants & the SME Markets



  • Rs.25,308+ Crore Procurement

  • 918 Times Oversubscription



Rs.25,308+ Crore Procurement



918 Times Oversubscription



Thank you to investors for their extraordinary confidence.



Subscription Breakdown



(Excluding Anchor Portion)



  • Qualified Institutional Buyers (QIB): 256.24 times

  • Non-Institutional Investors (NII): 1,612.65 times

  • Individual Investors (Retail): 1,137.92 times



Qualified Institutional Buyers (QIB): 256.24 times



Non-Institutional Investors (NII): 1,612.65 times



Individual Investors (Retail): 1,137.92 times



Total Oversubscription: 918.09 times
Total Bids Received: Rs.25,308.16 crore



This record-breaking achievement reinforces Holani Consultants' position as a leading merchant banker in India's SME ecosystem, demonstrating the firm's ability to structure compelling investment opportunities and execute complex capital market transactions.



To date, Holani Consultants has successfully assisted 21 companies in their fundraising journeys, raising more than Rs.1,500 crores through equity markets. This includes:



  • 2 Mainboard IPOs

  • 16 SME IPOs listed on BSE and NSE SME platforms

  • 2 Private Placements

  • 1 Rights Issue



2 Mainboard IPOs



16 SME IPOs listed on BSE and NSE SME platforms



2 Private Placements



1 Rights Issue



About Holani Consultants



Holani Consultants Private Limited is a SEBI-registered Category 1 Merchant Banker based in Jaipur. Licensed in 2018, the firm is actively engaged in valuations, SME IPO structuring and execution, and other corporate action services. Holani Consultants has established itself as a trusted advisor in India's capital markets with a strong track record of successful transactions.



For more information, please visit: https://www.holaniconsultants.co.in/



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Published by HT Digital Content Services with permission from PNN.