Incorporated in 2007, Siyaram Recycling is primarily engaged in (i) segregation of brass scrap (ii) manufacturing of brass ingots, billets, and brass rods, and (iii) manufacturing of brass-based components (plumbing and sanitary parts). They manufacture various brass components (plumbing and sanitary parts) such as brass inserts, brass ceramic cartridges (brass spindles), brass valves, extension nipples, etc. as per the customer’s requirements, from their two manufacturing units (Unit-I and Unit-II) located at village Lakhabaval, district Jamnagar. Some of the renowned brands that are their customers include Hindware, ROCA, Eauset, Somany, Supreme, AGI Greenpac (formerly known as HSIL), and Ashirvad Pipes. For Fiscal 2022 and 2023, their revenue from brass-based components was ₹ 5,277.44 lakhs and ₹ 3,550.52 lakhs respectively, which contributed 12.47% and 7.20% of their revenue from operations.
Siyaram Recycling manufactures brass ingots, billets, and rods through brass scrap from their manufacturing unit-II located at Village Lakhabaval, District Jamnagar. They mainly export these products to China. Additionally, they supply brass ingots to esteemed customers in India such as Astral Limited, Kajaria Bathware, and AGI Greenpac (formerly known as HSIL). For Fiscal 2022 and 2023, their revenue from the sale of brass ingots, billets, and rods was ₹ 13,337.55 lakhs and ₹19,864.72 respectively, which contributed 31.51% and 40.30% respectively of their revenue from operations.
They procure brass scrap mainly from international markets such as the USA, UK, Europe, and the Middle East. Post procurement, segregation of brass is done at their unit-III located at Village Lakhabaval, District Jamnagar. Post segregation, the segregated brass is termed Brass scrap honey. The brass scrap is mainly sold by them in Gujarat. For Fiscal 2022 and 2023, their revenue from the sale of brass scrap were ₹ 23,646.29 lakhs and ₹ 25,830.18 lakhs respectively, which contributed 55.87% and 52.41% respectively of their revenue from operations.
Objects of the Issue:
- Repayment of a portion of certain borrowing availed by the Company.
- General Corprorate Purposes.
Siyaram Recycling IPO Review
- To be updated soon
Siyaram Recycling IPO Date & Price Band Details
| IPO Open: | December 14, 2023 |
| IPO Close: | December 18, 2023 |
| IPO Size: | Approx ₹22.96 Crores, 4,992,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹43 to ₹46 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Siyaram Recycling IPO Market Lot
The Siyaram Recycling IPO minimum market lot is 3000 shares with a ₹138,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹138,000 |
| Retail Maximum | 1 | 3000 | ₹138,000 |
| S-HNI Minimum | 2 | 6000 | ₹276,000 |
Siyaram Recycling IPO Dates
The Siyaram Recycling IPO date is December 14 and the IPO close date is December 18. The IPO allotment date is December 19 and the IPO might list on December 21.
| IPO Open Date: | December 14, 2023 |
| IPO Close Date: | December 18, 2023 |
| Basis of Allotment: | December 19, 2023 |
| Refunds: | December 20, 2023 |
| Credit to Demat Account: | December 20, 2023 |
| IPO Listing Date: | December 21, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Siyaram Recycling IPO Form
How to apply Siyaram Recycling IPO? You can apply Siyaram Recycling IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Siyaram Recycling IPO in the Invest section. The other option you can apply Siyaram Recycling IPO via IPO forms download via the BSE website. Check out the Siyaram Recycling forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Siyaram Recycling Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹139.73 | ₹137.78 | ₹1.42 |
| 2022 | ₹426.44 | ₹421.95 | ₹3.22 |
| 2023 | ₹497.86 | ₹487.06 | ₹7.65 |
Siyaram Recycling IPO Valuation – FY2023
Check Siyaram Recycling IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.54 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 7.04% |
| Net Asset Value (NAV): | ₹33.63 per Equity Share |
Peer Group
- Sprayking Agro Equipment Limited
- Poojawestern Metaliks Limited
Company Promoters
- Dwarkadhish Venture Private Limited
- Ramgopal Ochhavlal Maheshwari
- Bhavesh Ramgopal Maheshwari
- Bhavesh Ramgopal Maheshwari
Siyaram Recycling IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
Siyaram Recycling IPO Allotment Status
Check Siyaram Recycling IPO allotment status on Cameo Corporate website URL. Click Here
Siyaram Recycling IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
Siyaram Recycling Industries Limited
Plot No. 6 & 7,
Village: Lakhabaval Post
Khodiyar Colony, Jamnagar-361006
Phone: +91-75750-20500
Email: [email protected]
Website: https://www.siyaramindustries.co.in/
