Siyaram Recycling Industries Limited IPO
- IPO Date14 Dec, 2023 to 18 Dec, 2023
- Listing Date21 Dec, 2023
- Face Value₹10 per share
- Issue Price₹43 to ₹46 per share
- Lot Size3000 Shares
- Minimum Investment₹1,38,000
- Listing AtBSE SME
- Total Issue Size49,92,000 Shares
(aggregating up to ₹22.96 Cr) - Fresh Issue49,92,000 Shares
(aggregating up to ₹22.96 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,38,05,500
- Shareholding post issue1,87,97,500
IPO Dates
Closing Date
18 Dec, 2023
Initiation of Refunds
20 Dec, 2023
Listing Date
21 Dec, 2023
14 Dec, 2023
Opening Date
19 Dec, 2023
Basis of Allotment
20 Dec, 2023
Credit of Shares
Siyaram Recycling Industries Limited Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,38,000 |
| HNI (Min) | 2 | 6000 | ₹2,76,000 |
| Retail (Max) | 1 | 3000 | ₹1,38,000 |
Siyaram Recycling Industries Limited Promoter Holding
The promoters of the Company are Dwarkadhish Venture Private Limited, Ramgopal Ochhavlal Maheshwari, Bhavesh Ramgopal Maheshwari and Madhu Ramgopal Maheshwari
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 17.97% |
| ROCE | 13.42% |
| RoNW | 16.49% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.3 | 5.54 |
| P/E (x) | 8.3 | 5.54 |
Siyaram Recycling Industries Limited COMPANY INFORMATION
Siyaram Recycling IPO is a book built issue of Rs 22.96 crores. The issue is entirely a fresh issue of 49.92 lakh shares. Siyaram Recycling IPO opens for subscription on December 14, 2023 and closes on December 18, 2023. The allotment for the Siyaram Recycling IPO is expected to be finalized on Tuesday, December 19, 2023. Siyaram Recycling IPO will list on BSE SME with tentative listing date fixed as Thursday, December 21, 2023. Siyaram Recycling IPO price band is set at ₹43 to ₹46 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹276,000. Hem Securities Limited is the book running lead manager of the Siyaram Recycling IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Siyaram Recycling IPO is Hem Finlease. Refer to Siyaram Recycling IPO DRHP for detailed information.
Incorporated in 2007, 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%.
FAQs About Siyaram Recycling Industries Limited Ipo
Siyaram Recycling Industries Limited IPO will open on 14 Dec, 2023 and close on 18 Dec, 2023. Investors must apply within this period to participate.
The Siyaram Recycling Industries Limited IPO price band is set between ₹43.00 and ₹46.00 per share. The minimum lot size is 3000, requiring an investment of at least ₹138000.00.
The Siyaram Recycling Industries Limited IPO shares are expected to be listed on 21 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Siyaram Recycling Industries Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Siyaram Recycling Industries Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.