Siyaram Recycling IPO will be Open on 14 December 2023 and closes on 18 December 2023. The company has fixed the price of this IPO at ₹43 – ₹46 according to the face value of ₹10. The company will raise ₹22.96 Crores through this IPO under the 4,992,000 Equity Shares public issue, and the offer is 100% Book Built Issue. The company reserve quota in this IPO is 50% For QIB, 15% For NII, and 35% For Retail Investors. You can check Siyaram Recycling IPO GMP here.
Siyaram Recycling Industries engaged in the business segregation of brass scrap, & the manufacturing of brass ingots, billets, and brass rods, and the manufacturing of brass-based components (plumbing and sanitary parts). The company also manufactures brass ingots, billets, and rods through brass scrap from our manufacturing unit-II located at Village Lakhabaval, District Jamnagar.
The company has two manufacturing units (Unit-I and Unit-II) located in the village of Lakhabaval, district of Jamnagar. Some of the renowned brands that are our customers include Hindware, ROCA, Eauset, Somany, Supreme, AGI Greenpac (formerly known as HSIL), and Ashirvad Pipes. The company mainly exports these products to China. The company supplies brass ingots to esteemed customers in India such as Astral Limited, Kajaria Bathware, and AGI Greenpac (formerly known as HSIL).
The company currently operates through 3 facilities, all of which are located in the district of Jamnagar, which is considered a hub of brass components. We manufacture brass billets & ingots, brass rods, and brass components (plumbing parts) from our unit-I situated at the land of 4970 sq. mtrs. and the brass components (sanitary parts) are manufactured from our unit-II situated at the land of 3629 sq. mtrs. And, our Unit-III, situated at land of 3346 sq. mtrs. is used for segregation of scrap. You can check Siyaram Recycling IPO Subscription Status here.
Objects Of The Issue :
- Repayment of a portion of certain borrowing availed by our Company.
- General Corporate Purpose.
Company Strengths :
- Strategically located manufacturing facilities.
- Stringent quality control mechanism ensuring standardized product quality.
- Diversified Client Base and long-standing relationship with our customers.
- Strong and diversified supplier base for sourcing raw materials.
- Experienced Promoters supported by a dedicated Management team.
| Read also: Upcoming IPO List 2023 |
Siyaram Recycling IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹7.65 Cr ₹46 /EQ 5.54 8.30x 17.97 % 16.49 % 13.42 % 1.44 ₹33.63 ₹151.36 Cr ₹86.47 Cr 96.06 % 70.55 % |
| Team Review : | ✔ Apply For Long Term |
Siyaram Recycling IPO GMP Live:
Siyaram Recycling IPO GMP Or Grey Market Premium is available here. The SME IPO GMP Premium updated Day By Day IPO running Period and the GMP Rates fluctuated and stable some times later. (GMP rates are Not 100% Guaranteed)
| Date | GMP | Subject Rate |
| Today | Day Wise Live GMP | ₹- |
Siyaram RecyclingS IPO Date & Price Band & Details :
| Issue Offer : | Book Built Issue |
| IPO Open : | 14 December 2023 |
| IPO Close : | 18 December 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹43 – ₹46 Per Share |
| Listing On : | BSE, SME |
| Issue Size : | ₹22.96 Cr {4,992,000 Shares} |
| Fresh Issue : | ₹22.96 Cr {4,992,000 Shares} |
Siyaram Recycling IPO Market Lot :
Siyaram Recycling IPO Minimum Market lot is 1 Lot with 3000 shares with ₹138,000 Application amount. The retail investors can apply up to 1 lot with 3000 Shares or ₹138,000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 3000 | ₹138,000 |
| Retail (Max) : | 1 | 3000 | ₹138,000 |
| S-HNI (Min) : | 2 | 6000 | ₹276,000 |
Siyaram Recycling IPO Net Reservation :
Siyaram Recycling IPO Net Reservation of 4,992,000 shares is to be bid for the public issue by Siyaram Recycling IPO with 2,370,000 for QIb, 711,000 for NII, and 1,659,000 For RII.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 2,370,000 | ₹10.90 Cr |
| NII : | 15% | 711,000 | ₹3.27 Cr |
| RII : | 35% | 1,659,000 | ₹7.63 Cr |
| MMRP : | — | 2,52,000 | ₹1.16 Cr |
| Total : | 100% | 4,992,000 | ₹22.96 Cr |
Siyaram Recycling IPO EPS & RoNW :
The Siyaram Recycling company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹5.54 | 16.49% | ₹33.63 |
| 2022 | ₹2.34 | 8.32% | ₹28.60 |
| 2021 | ₹1.03 | 4.00% | ₹25.75 |
Siyaram Recycling IPO Peer Comparison PE :
The Siyaram Recycling, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Sprayking Agro Equipment Limited | 43.49 |
| 2. | Poojawestern Metaliks Limited | 35.78 |
Siyaram Recycling IPO Dates :
Siyaram Recycling IPO Date 14 December 2023 and closes on 18 December 2023. The allotment will be finalized on 19 December 2023 and the IPO may list on 21 December 2023.
| Issue Open Date : | 14 December 2023 |
| Issue Close Date : | 18 December 2023 |
| Allotment Date : | 19 December 2023 |
| Refund Date : | 20 December 2023 |
| Share Credit Date : | 20 December 2023 |
| Listing Date : | 21 December 2023 |
Siyaram Recycling IPO Form :
There are two ways to apply for Siyaram Recycling IPO. You can apply for Siyaram Recycling IPO through ASBA available in your bank account. You have to go to your online bank login select Siyaram Recycling IPO in the Invest section and apply through your bank account. Another option is you apply for Siyaram Recycling IPO through an IPO form downloaded through NSE and BSE. See the Siyaram Recycling IPO Form – Download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Siyaram Recycling Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹49,786.27 | ₹48,705.71 | ₹765.42 |
| 2022 | ₹42,644.34 | ₹42,194.59 | ₹322.47 |
| 2021 | ₹13,972.93 | ₹13,777.48 | ₹142.28 |
Company Promoters :
■ Ramgopal Ochhavlal Maheshwari
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Siyaram Recycling IPO Lead Managers :
■ Hem Securities Limited
Siyaram Recycling IPO Registrar :
Cameo Corporate Services Limited
Address: No.1 Club House Road
Chennai-600002 Tamil Nadu, India
Telephone: +91-44-40020700
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.cameoindia.com
Note: Check Siyaram Recycling IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link.
Company Address :
Siyaram Recycling Industries Limited
Plot No. 6 & 7, Village: Lakhabaval Post
Khodiyar Colony, Jamnagar-361006 Gujarat.
Tel. No.: +91-75750-20500
Email: [email protected]
Website: www.siyaramindustries.co.in
Siyaram Recycling IPO FAQs :
What is Siyaram Recycling IPO?
Siyaram Recycling IPO is an SME IPO. They are going to raise ₹22.96 Crores via 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 open 14 December 2023 – 18 December 2023 for NII & RII.
How Much is Siyaram Recycling’s IPO Size?
Siyaram Recycling’s IPO size is ₹22.96 Crores.
How much is the Fresh issue size of the Siyaram Recycling IPO?
The Fresh issue size of Siyaram Recycling IPO ₹22.96 Cr.
How much is the Offer For Sale size of Siyaram Recycling IPO?
The Offer For Sale size of Siyaram Recycling IPO ₹0 Cr.
What is the Siyaram Recycling IPO Price Band?
Siyaram Recycling IPO Price Band is ₹43 – ₹46 Per share.
What is the Siyaram Recycling IPO Minimum and Maximum Lot Size?
The minimum bid is 3000 Shares with ₹138,000 amount while the maximum bid is 3000 shares with ₹138,000.
How much is the Siyaram Recycling IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
When is the Siyaram Recycling IPO Allotment Date?
Siyaram Recycling IPO allotment date is 19 December 2023.
When is the Siyaram Recycling IPO Listing Date?
Siyaram Recycling IPO listing date is 21 December 2023. The IPO to list on BSE, SME.
How to Apply the Siyaram Recycling IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Siyaram Recycling IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Siyaram Recycling IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Siyaram Recycling IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Siyaram Recycling IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Siyaram Recycling IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Siyaram Recycling IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Siyaram Recycling IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
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