Siyaram Recycling IPO Date, Review, Price, Allotment Details

Siyaram Recycling IPO Details: Siyaram Recycling IPO date is fixed, The IPO will open on December 14 and will close on December 18. Siyaram Recycling is an NSE SME IPO to raise ₹22.96 crores via IPO. The Siyaram Recycling IPO price band is fixed at ₹43 to ₹46 with a market lot of 3000 shares.

Siyaram Recyling IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum13000₹138,000
Retail Maximum13000₹138,000
S-HNI Minimum26000₹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
YearRevenueExpensePAT
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/

Siyaram Recycling IPO FAQs


What is Siyaram Recycling IPO?

Siyaram Recycling IPO is an BSE SME IPO. They are going to raise ₹22.96 Crores via IPO. The issue is priced at ₹43 to ₹46 per equity share. The IPO is to be listed on BSE.

When Siyaram Recycling IPO will open?

The IPO is to open on December 14, 2023 for QIB, NII, and Retail Investors.

What is Siyaram Recycling IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the 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 Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Siyaram Recycling”. Click on 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. Open Demat Account with Zerodha.

How to Apply the Siyaram Recycling IPO through Upstox?

Log in to Upstox 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 Upstox.

How to Apply the Siyaram Recycling IPO through Paytm Money?

Log in to Paytm Money 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 Paytm Money.

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 to ₹46 per equity share.

What is Siyaram Recycling IPO Minimum and Maximum Lot Size?

The IPO bid is 3000 shares with ₹138,000.

What is Siyaram Recycling IPO Allotment Date?

Siyaram Recycling IPO allotment date is December 19, 2023.

What is Siyaram Recycling IPO Listing Date?

Siyaram Recycling IPO listing date is December 21, 2023. The IPO to list on BSE SME.

Note: The Siyaram Recycling IPO details are announced officially. The IPO grey market premium (Siyaram Recycling IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
Share the Post:
Facebook
Twitter
LinkedIn

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

OPEN DEMAT ACCOUNT