Siyaram Recycling IPO Overview:
Get ready for the Siyaram Recycling IPO! The IPO is all set to kick off on December 14 and will continue to captivate investors until December 18. Siyaram Recycling, a promising NSE SME IPO, aims to raise ₹22.96 crores with a price band set at ₹43 to ₹46 and a market lot of 3000 shares.
Established in 2007, Siyaram Recycling is at the forefront of various activities, including the segregation of brass scrap, the manufacturing of brass ingots, billets, and rods, and the production of brass-based components, particularly plumbing and sanitary parts. Their diverse range includes brass inserts, brass ceramic cartridges, brass valves, extension nipples, and more, tailored to meet customer specifications. Operating from two manufacturing units in Lakhabaval, Jamnagar, their client roster boasts esteemed brands such as Hindware, ROCA, Eauset, Somany, Supreme, AGI Greenpac (formerly HSIL), and Ashirvad Pipes.
In the brass manufacturing domain, Siyaram Recycling crafts brass ingots, billets, and rods, primarily exported to China, with notable Indian clients like Astral Limited, Kajaria Bathware, and AGI Greenpac. Their revenue from these products in Fiscal 2022 and 2023 constituted a significant portion of their overall revenue.
The company sources brass scrap internationally, with procurement hubs in the USA, UK, Europe, and the Middle East. Segregation of brass is meticulously carried out at their unit in Lakhabaval, contributing to the creation of Brass scrap honey, a product mainly sold in Gujarat. The revenue generated from the sale of brass scrap forms a substantial part of Siyaram Recycling’s operations.
As Siyaram Recycling steps into the IPO arena, it brings with it a rich history of expertise in the brass industry, promising growth potential, and a commitment to delivering quality products to its diverse clientele.
Purpose of the Offering:
- Easing the burden by repaying a chunk of specific borrowings the company undertook.
- Addressing general corporate needs.
Siyaram Recycling IPO Review (Apply or Not)
- updated soon
Siyaram Recycling IPO: Information on Date and Price Band.
| 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 |
The market lot for Siyaram Recycling IPO:
To dive into the Siyaram Recycling IPO, the starting point is a market lot of 3000 shares, requiring an application amount of ₹138,000.
| 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: Allotment and Listing Dates.
Mark your calendars for the Siyaram Recycling IPO! The IPO extravaganza kicks off on December 14 and concludes on December 18. Brace yourselves as the IPO allotment unfolds on December 19, paving the way for a potential listing on December 21. Get ready for an exciting journey in the world of investment!
| IPO Open Date: | 14-December-2023 |
| IPO Close Date: | 18-December-2023 |
| Basis of Allotment: | 19-December-2023 |
| Refunds: | 20-December-2023 |
| Credit to Demat Account: | 20-December-2023 |
| IPO Listing Date: | 21-December-2023 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Applying for Siyaram Recycling IPO
Embarking on the Siyaram Recycling IPO journey is a breeze! Opt for the seamless ASBA process through your bank’s online portal. Simply log in, navigate to the Invest section, and choose Siyaram Recycling IPO for your application. Alternatively, you can embrace the traditional route by downloading IPO forms from the BSE website. Grab the Siyaram Recycling forms, complete them, and submit either at your bank or through your trusted broker. It’s time to dive into the world of IPO investments!
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: ipo@cameoindia.com
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: cs@siyaramindustries.co.in
Website: https://www.siyaramindustries.co.in/
