Last updated on December 21, 2023
Siyaram Recycling IPO description – Established in 2007, Siyaram Recycling Industries is predominantly involved in the sorting of brass scrap, production of brass ingots, billets, and brass rods, as well as the manufacturing of components based on brass (specifically plumbing and sanitary parts).
The company presently operates through three facilities, all situated in the Jamnagar district. The production of brass billets and ingots, brass rods, and brass components (specifically plumbing parts) takes place at Unit-I, located on a 4,970-square-meter plot. The manufacturing of brass components (specifically sanitary parts) occurs at Unit-II, situated on a 3629 square meter plot. Unit-III, located on a 3,346 square meter plot, is dedicated to the segregation of scrap.
As of 31 March 2023, the company boasts an installed capacity of 9,900 Metric Ton for the production of brass billets and ingots, 8,250 Metric Ton for manufacturing brass rods, and 3,300 Metric Ton for the manufacturing of brass components.
Siyaram Recycling Industries distributes its products across approximately 18 states and Union Territories in India, with a significant portion of its revenue originating from the state of Gujarat. Additionally, it exports products to countries including China, Germany, Belgium, and Oman. For the six months ended September 2023, FY 2023, and 2022, the revenue from exports amounted to INR 19.12 crore, INR 162.36 crore, and INR 113.35 crore, respectively, constituting 8.82%, 32.94%, and 26.78% of its total revenue from operations for the respective fiscal years.
Promoters of Siyaram Recycling – Dwarkadhish Venture Private Limited (Formerly Known as Siyaram Metals Private Limited), Ramgopal Ochhavlal Maheshwari, Bhavesh Ramgopal Maheshwari, and Madhu Ramgopal Maheshwari
Table of Contents
Siyaram Recycling IPO Details
| Siyaram Recycling IPO Dates | 14 – 18 December 2023 |
| Siyaram Recycling Issue Price | INR 43 – 46 per share |
| Fresh issue | 4,992,000 shares (INR 21.47 – 22.96 crore) |
| Offer For Sale | Nil |
| Total IPO size | 4,992,000 shares (INR 21.47 – 22.96 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 138,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Siyaram Recycling Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 138.67 | 423.23 | 492.87 | 215.07 |
| Expenses | 137.77 | 421.95 | 487.06 | 209.70 |
| Net income | 1.42 | 3.22 | 7.65 | 3.97 |
Siyaram Recycling Offer News
- Siyaram Recycling RHP
- Siyaram Recycling Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Siyaram Recycling Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.03 | 2.34 | 5.54 |
| PE ratio | – | – | 7.76 – 8.30 |
| RONW (%) | 4.00 | 8.32 | 16.49 |
| ROCE (%) | 5.39 | 10.38 | 13.42 |
| NAV | 25.75 | 28.08 | 33.63 |
| EBITDA (%) | 2.71 | 1.21 | 2.35 |
| Debt/Equity | 0.82 | 0.73 | 1.44 |
Siyaram Recycling IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 20 December 2023 | 35 | – | 75,500 |
| 19 December 2023 | 35 | – | 77,000 |
| 18 December 2023 | 32 | – | 73,000 |
| 16 December 2023 | 27 | – | 61,500 |
| 15 December 2023 | 27 | – | 59,000 |
| 14 December 2023 | 25 | – | 55,500 |
| 13 December 2023 | 27 | – | 58,000 |
| 12 December 2023 | 25 | – | 55,000 |
| 11 December 2023 | 25 | – | 55,000 |
| 9 December 2023 | 15 | – | 35,000 |
Siyaram Recycling IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 9,48,000 | 9,63,000 | 16,59,000 | 35,70,000 |
| 18 Dec 2023 | 96.43 | 441.53 | 457.08 | 357.11 |
| 15 Dec 2023 | 5.13 | 19.87 | 107.12 | 56.50 |
| 14 Dec 2023 | 0.05 | 6.00 | 36.64 | 18.66 |
Siyaram Recycling IPO Allotment Status
Siyaram Recycling IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Siyaram Recycling IPO Dates & Listing Performance
| IPO Opening Date | 14 December 2023 |
| IPO Closing Date | 18 December 2023 |
| Finalization of Basis of Allotment | 19 December 2023 |
| Initiation of refunds | 20 December 2023 |
| Transfer of shares to demat accounts | 20 December 2023 |
| IPO Listing Date | 21 December 2023 |
| Opening Price on BSE SME | INR 55 per share (up 19.57%) |
| Closing Price on BSE SME | INR 57.75 per share (up 25.54%) |
Siyaram Recycling Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Siyaram Recycling Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, 5th Floor, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone:Â +91-44-40020700
Email:Â [email protected]
Website:Â www.cameoindia.com
Siyaram Recycling IPO Contact Details
SIYARAM RECYCLING INDUSTRIES LIMITED
Plot No. 6 & 7, Village: Lakhabaval,
Post: Khodiyar Colony, Jamnagar-361006 Gujarat
Phone: +91-75750-20500
E-mail: [email protected]
Website: www.siyaramindustries.co.in
IPO FAQs
What is the Siyaram Recycling offer size?
Siyaram Recycling offer size is INR 21.47 – 22.96 crores.
What is the Siyaram Recycling offer price band?
Siyaram Recycling public offer price is INR 43 – 46 per share.
What is the lot size of the Siyaram Recycling IPO?
Siyaram Recycling offer lot size is 3,000 shares.
What is Siyaram Recycling IPO GMP today?
Siyaram Recycling IPO GMP today is INR 35 per share.
What is the Siyaram Recycling kostak rate today?
Siyaram Recycling kostak rate today is INR NA per application.
What is Siyaram Recycling Subject to Sauda rate today?
Siyaram Recycling Subject to Sauda rate today is INR 75,500 per application.
