Siyaram Recycling Industries Limited IPO (Siyaram Recycling IPO)

Siyaram Recycling Limited IPO
Upcoming Siyaram Recycling IPO | New Siyaram Recycling IPO

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

Siyaram Recycling IPO – Details

IPO Opening Date14 December 2023
IPO Closing Date18 December 2023
Issue TypeBook Built Issue IPO
Issue Size49,92,000 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 Lot3000 Shares
Min Order3000 Shares ( 1 Lot )
Listing AtBSE SME
RegisterCameo Corporate Services Limited
Other Shares Offered50%
Retail Shares Offered35%
NII (HNI) Shares Offered15%

Siyaram Recycling IPO – Date Schedule

IPO Open Date14 December 2023
IPO Close Date18 December 2023
Basis of Allotment19 December 2023
Initiation of Refund20 December 2023
Credit of Shares to Demat Account20 December 2023
IPO Listing Date21 December 2023
Cut-off time for UPI mandate confirmation5 PM on Dec 18, 2023

Siyaram Recycling IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)130001,38,000
Retail (Maximum)130001,38,000
HNI (Minimum)260002,76,000

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.
Siyaram Recycling IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021139.73137.771.4229.31
31 March 2022426.44421.943.2228.21
31 March 2023497.86487.057.6567.06
Amount in ₹ Crore

Key Performance Indicator

P/E (x)8.3
EPS (Rs)5.54

Siyaram Recycling IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding

Siyaram Recycling IPO Prospectus

Company Contact Information

Siyaram Recycling Industries Limited

Plot No. 6 & 7,
Village: Lakhabaval Post
Khodiyar Colony, Jamnagar-361006

Phone: +91-75750-20500

Siyaram Recycling IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

Siyaram Recycling IPO Lead Manager(s)

1. Hem Securities Limited

Siyaram Recycling IPO FAQs

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.
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