Siyaram Recycling Industries Limited IPO
Siyaram Recycling Industries Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹43–₹46 per share. The stock debuted at ₹55, delivering a listing gain of 19.6%. The IPO had a lot size of ₹3000 shares and a minimum investment of ₹1,38,000.
Siyaram Recycling Industries Limited IPO
- IPO Dates
- Dec 14, 2023 – Dec 18, 2023
- Price band
- ₹43-46 per equity share
- Minimum Investment
- ₹1,38,000
- Issue size
- 4,992,000 shares(aggregating up to ₹22.96 Cr)
- Lot size
- 3000
- Allotment Date
- Dec 19, 2023
- Listing
- Dec 21, 2023
- Listing At
- BSE SME
IPO timeline
-
Dec 14, 2023
Open Date
Completed
-
Dec 18, 2023
Close Date
Completed
-
Dec 19, 2023
Allotment Date
Completed
-
Dec 21, 2023
Listing Date
Completed
Siyaram Recycling Industries Limited IPO Essentials
Siyaram Recycling Industries Limited IPO Details
Siyaram Recycling Industries Limited IPO is priced at ₹43-46 per share with a total issue size of 4,992,000 shares(aggregating up to ₹22.96 Cr). The IPO has a lot size of 3000 shares and is listed on BSE SME.
- Issue price
- ₹43-46 per equity share
- Lot size
- 3000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,992,000 shares(aggregating up to ₹22.96 Cr)
- Listing at
- BSE SME
- List price
- 55.0
- Listing date
- Registrar
- Cameo Corporate Services Limited
- Lead manager
-
Hem Securities Limited
Siyaram Recycling Industries Limited IPO Details
- Retail Portion 35%
Siyaram Recycling Industries Limited IPO Documents
Siyaram Recycling Industries Limited IPO Analytics
Siyaram Recycling Industries Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Siyaram Recycling Industries Limited IPO Subscription Status
Siyaram Recycling Industries Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 948,000 / 711,000 | 1,659,000 | 3,318,000 |
|
Day 1
14-12-23 06:00 PM
|
(0.05 / 8.12) x | 36.64 x | 20.07 x |
|
Day 2
15-12-23 06:00 PM
|
(3.56 / 26.38) x | 106.57 x | 59.95 x |
|
Day 3
18-12-23 06:00 PM
|
(96.43 / 441.57) x | 459.11 x | 358.07 x |
Siyaram Recycling Industries Limited Valuations
Earnings
- EPS (Post IPO)
- ₹5.54/-
Returns
- RoNW
- 16.49%
Siyaram Recycling Industries Limited Financials( In Lakhs)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 15,136.31 | 9,851.35 | 9,823.59 |
| Revenue | 49,786.27 | 42,644.34 | 13,972.93 |
| Profit After Tax | 765.42 | 322.47 | 142.28 |
Siyaram Recycling Industries Limited Company & Offer Insights
About Siyaram Recycling Industries Limited
Siyaram Recycling Industries Ltd's main activities include segregating brass scrap, manufacturing brass ingots, billets, and brass rods, and producing brass-based components, specifically plumbing and sanitary parts. All these operations occur across three facilities in the district of Jamnagar, a prominent hub for brass components.
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 Industries Limited Promoter(s)
Dwarkadhish Venture Private Limited, Ramgopal Ochhavlal Maheshwari, Bhavesh Ramgopal Maheshwari and Madhu Ramgopal Maheshwari are the company's promoters of Siyaram Recycling Industries Limited.
Siyaram Recycling Industries Limited IPO Issue Objectives
- •
- Repayment of a portion of certain borrowing availed by the Company
- •
- General Corprorate Purposes
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Siyaram Recycling Industries Limited IPO is a book-built IPO worth ₹4,992,000 shares(aggregating up to ₹22.96 Cr). The price band is ₹43–₹46 per share. The IPO opens on Dec 14, 2023 and closes on Dec 18, 2023. It will be listed on BSE SME Platform. Cameo Corporate Services Limited is the registrar.
The price band of Siyaram Recycling Industries Limited IPO is ₹43 to ₹46 per share.
The lot size of Siyaram Recycling Industries Limited IPO is 3000 shares.
The minimum investment for Siyaram Recycling Industries Limited IPO is approximately ₹1,38,000 based on the upper price band .
Siyaram Recycling Industries Limited IPO opens on Dec 14, 2023 and closes on Dec 18, 2023.
The allotment date of Siyaram Recycling Industries Limited IPO is Dec 19, 2023.
Siyaram Recycling Industries Limited IPO is expected to be listed on Dec 21, 2023, on BSE SME Platform.
Siyaram Recycling Industries Limited IPO valuation snapshot: P/E N/A, EPS ₹5.54/-, P/B N/A, RoNW 16.49%, and market cap N/A.
To apply for Siyaram Recycling Industries Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Siyaram Recycling Industries Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Siyaram Recycling Industries Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Siyaram Recycling Industries Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Siyaram Recycling Industries Limited IPO allotment status on IPO Ji for quick and easy access.