Siyaram Recycling Industries is scheduled to hit the market on December 14 , 2023 and close on December 18, 2023. Siyaram Recycling Industries plans to raise around ₹22.96 Cr through an IPO with a sale of up to 4,992,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Incorporated in 2007, Siyaram Recycling Industries Ltd specializes in various activities related to brass processing in the Jamnagar district, a prominent hub for brass components. The company operates across three distinct units, each designated for specific production processes.
Unit I, spanning 4,970 square meters, is dedicated to the production of brass billets, ingots, rods, and plumbing components. Unit II, covering 3,629 square meters, focuses on manufacturing brass sanitary parts. Meanwhile, Unit III, spread over 3,346 square meters, primarily engages in the separation of brass scrap. Additionally, a 366-square-meter area within Unit III is specifically allocated for scrap separation activities. This strategic division of units enables Siyaram Recycling Industries Ltd to efficiently carry out its diverse operations within the brass industry.
Siyaram Recycling Industries IPO Details
Siyaram Recycling Industries IPO opens on Dec 14 , 2023, and closes on Dec 18 , 2023. The Listing date for Siyaram Recycling Industries IPO is on Dec 21, 2023. The price band for IPO is ₹43 to ₹46 per share and lot size of 3000 Shares.
| IPO Date | Dec 14 , 2023 to Dec 18, 2023 |
| Listing Date | Dec 21, 2023 |
| Price | ₹43 to ₹46 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹22.96 Cr |
| Face Value | ₹10 per share |
Siyaram Recycling Industries IPO Tentative Timetable
Siyaram Recycling Industries opening date is December 14, 2023 and close date is December 18, 2023. The IPO allotment date is December 19, 2023. The refund initiation of IPO is on December 20, 2023. The credit of shares in demat account is on December 20, 2023. The listing date is on December 21 , 2023.
| Event | Date |
|---|---|
| IPO Opening | Dec 14, 2023 |
| IPO Closing | Dec 18, 2023 |
| IPO Allotment Date | Dec 19, 2023 |
| Refund Initiation | Dec 20, 2023 |
| Shares Credit to Demat | Dec 20, 2023 |
| Lisiting Date | Dec 21, 2023 |
Siyaram Recycling Industries IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lot (3000 shares or ₹138,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹138,000 |
| Retail(Maximum) | 1 | 3000 | ₹138,000 |
| HNI (Minimum) | 2 | 6000 | ₹276,000 |
Siyaram Recycling Industries IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Siyaram Recycling Industries IPO Review
With operational units strategically located in Jamnagar district, a key hub for brass components, Siyaram Recycling Industries has demonstrated its commitment to sustainable practices in the brass industry. In the fiscal year ending March 31, 2023, the company achieved a commendable 16.75% growth in revenue, reaching INR 492.87 million, with a remarkable 137.36% surge in profit after tax. The financial indicators portray a healthy picture, with Siyaram Recycling Industries Limited having a market capitalization of INR 86.47 Cr and a P/E ratio of 8.3, reflecting investor confidence in the company's prospects.
Prospective investors may seek insights into Siyaram Recycling Industries' growth strategies, utilization of funds, and its competitive position in the brass industry. The financial metrics, including ROE (17.97%), ROCE (13.42%), Debt/Equity (1.44), EPS (₹5.54), and RoNW (16.49%), offer valuable benchmarks for evaluating the company's performance and potential for future returns.
In the forthcoming IPO review, a comprehensive analysis of Siyaram Recycling Industries Limited's business model, market dynamics, and outlook will be essential for investors contemplating participation in the IPO.
Siyaram Recycling Industries IPO Subscription Status (Bidding Details)
No IPO ID provided. Check if the "ipo-subscription" field is set for this post.Siyaram Recycling Industries IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Siyaram Recycling Industries IPO FAQs
What is Siyaram Recycling Industries IPO?
Siyaram Recycling Industries is issuing 4,992,000 equity shares with a face value of ₹10 each, totaling up to ₹22.96 Cr. The shares are being offered at a price of ₹43 to ₹46 per share each, with a minimum order quantity of 3000 shares.
Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Siyaram Recycling Industries IPO will open?
Siyaram Recycling Industries will open on December 14 , 2023 for QIB, NII, and Retail Investors.
When Siyaram Recycling Industries IPO will end?
Siyaram Recycling Industries will end on December 18, 2023.
What is Siyaram Recycling Industries IPO Size?
Siyaram Recycling Industries IPO size is ₹22.96 Cr.
What is Siyaram Recycling Industries IPO Price Band?
Siyaram Recycling Industries price band is ₹43 to ₹46 per share.
What is the Siyaram Recycling Industries IPO Allotment Date?
Siyaram Recycling Industries allotment date is December 19, 2023.
What is the Siyaram Recycling Industries IPO Listing Date?
Siyaram Recycling Industries listing date is December 21, 2023, 2023. The IPO is to be listed on BSE and NSE.
How to Apply Siyaram Recycling Industries IPO through Zerodha?
To apply for the IPO “Siyaram Recycling Industries” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Siyaram Recycling Industries IPO through Upstox?
To apply for the IPO “Siyaram Recycling Industries” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Siyaram Recycling Industries IPO Allotment Status?
For Siyaram Recycling Industries IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Siyaram Recycling Industries IPO GMP?
You can check out here: Siyaram Recycling Industries IPO GMP