Siyaram Recycling Industries Limited is primarily engaged in:
- Segregation of brass scrap.
- Manufacturing of brass ingots, billets and brass rods and,
- Manufacturing of brass based components (plumbing and sanitary parts).
The manufacturing of brass billets and ingots, as well as brass rods and plumbing components, is carried out in Unit-I, which occupies a land area of 4970 square meters. Meanwhile, Unit-II, which covers 3629 square meters of land, is used to manufacture sanitary parts made of brass. Finally, Unit-III, situated on a land area of 3346 square meters, is primarily used for segregating scrap. Three hundred forty-six square meters, is primarily used for segregating scrap.
The company markets its products to around 18 states & Union Territories in India, of which the majority of the revenue comes from Gujarat. The products of the company are exported to countries such as China, Germany, Belgium and Oman.
As of FY 2023, Gujarat was responsible for 56.40% of the revenue from operations, while Madhya Pradesh contributed 5.25%, Punjab contributed 2.03%, and Rajasthan contributed 1.41%.
Siyaram Recycling IPO – Details
| IPO Opening Date | 14 December 2023 |
| IPO Closing Date | 18 December 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 49,92,000 Shares Worth ₹22.96 Crore Fresh Issue: 49,92,000 Shares Worth ₹22.96 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹43 – ₹46 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares ( 1 Lot ) |
| Listing At | BSE SME |
| Register | Cameo Corporate Services Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Siyaram Recycling IPO – Date Schedule
| IPO Open Date | 14 December 2023 |
| IPO Close Date | 18 December 2023 |
| Basis of Allotment | 19 December 2023 |
| Initiation of Refund | 20 December 2023 |
| Credit of Shares to Demat Account | 20 December 2023 |
| IPO Listing Date | 21 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 18, 2023 |
Siyaram Recycling IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 3000 | 1,38,000 |
| Retail (Maximum) | 1 | 3000 | 1,38,000 |
| HNI (Minimum) | 2 | 6000 | 2,76,000 |
Company Promoters
- Dwarkadhish Venture Private Limited
- Ramgopal Ochhavlal Maheshwari
- Bhavesh Ramgopal Maheshwari
- Madhu Ramgopal Maheshwari
Object Of The Issue
- Repayment of a portion of certain borrowing availed by the Company and
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 139.73 | 137.77 | 1.42 | 29.31 |
| 31 March 2022 | 426.44 | 421.94 | 3.22 | 28.21 |
| 31 March 2023 | 497.86 | 487.05 | 7.65 | 67.06 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 8.3 |
| ROE | 17.97% |
| ROCE | 13.42% |
| Debt/Equity | 1.44 |
| EPS (Rs) | 5.54 |
| RoNW | 16.49% |
Siyaram Recycling IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Siyaram Recycling IPO Prospectus
- Siyaram Recycling IPO DRHP
- Siyaram Recycling IPO RHP
Company Contact Information
| Siyaram Recycling Industries Limited Plot No. 6 & 7, Village: Lakhabaval Post Khodiyar Colony, Jamnagar-361006 Phone: +91-75750-20500 Email: cs@siyaramindustries.co.in Website: https://www.siyaramindustries.co.in/ |
Siyaram Recycling IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
Siyaram Recycling IPO Lead Manager(s)
| 1. Hem Securities Limited |
Siyaram Recycling IPO FAQs
| What is Siyaram Recycling IPO? Siyaram Recycling IPO is a SME IPO. The issue is priced at ₹43 – ₹46 per equity share. The IPO is to be listed on BSE SME. |
| When Siyaram Recycling IPO will open? The IPO is to open on 14 December 2023 for QIB- 50%, Retail – 35% and NII – 15% Investors. |
| How to Siyaram Recycling IPO? You can apply Siyaram Recycling IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Siyaram Recycling IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Siyaram Recycling”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Siyaram Recycling IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Siyaram Recycling”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Siyaram Recycling IPO Size? Siyaram Recycling IPO size is ₹22.96 crores. |
| What is Siyaram Recycling IPO Price Band? Siyaram Recycling IPO Price Band is ₹43 – ₹46. |
| What is Siyaram Recycling IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,38,000 amount while the maximum bid is 3000 shares with ₹1,38,000. |
| What is the Siyaram Recycling IPO Allotment Date? Siyaram Recycling IPO allotment date is 19 December 2023. |
| What is the Siyaram Recycling IPO Listing Date? Siyaram Recycling IPO listing date is 21 December 2023. The IPO is to list on BSE SME. |
