IPO Trending
SIYARAMSME / BSEListed

Siyaram Recycling Industries Limited

Siyaram Recycling Industries Ltd, incorporated in 2007, specializes in the separation of brass scrap and the manufacturing of brass ingots, billets, rods, and brass-based components, particularly sanitary fittings. The company operates three plants in Jamnagar, a key hub for brass component production. Unit I, covering 4,970 square meters, handles the production of brass billets, ingots, rods, and plumbing parts, while Unit II, spanning 3,629 square meters, focuses on manufacturing brass sanitary parts. Unit III, with an area of 3,346 square meters, is primarily used for brass scrap separation. In 2023, the company reported revenue from operations of ₹492.87 million, with 67.06% generated domestically and 32.94% from international markets. Siyaram Recycling Industries distributes its products across 18 states and Union Territories in India, with Gujarat contributing the highest share of revenue at 56.40%, followed by Madhya Pradesh (5.25%), Punjab (2.03%), and Rajasthan (1.41%). The company also exports to countries like China, Germany, Belgium, and Oman.

₹43 - ₹46385.26x sub
Listed Price55.00
Listing Gain+19.57%
TimelineBook Built Issue IPO
Open14 Dec 2023
Close18 Dec 2023
Allotment19 Dec 2023
Listing21 Dec 2023

Quota Reservation Portions

RetailPortion: 16,59,000 shares
33.23%
Nii(hni)Portion: 7,11,000 shares
14.24%
QIBPortion: 9,48,000 shares
18.99%
Market MakerPortion: 2,52,000 shares
5.05%

Minimum Application Bracket Matrix

Retail1 lots / 3,000 shares
₹1,38,000
HNI2 lots / 6,000 shares
₹2,76,000

About the Company

Siyaram Recycling Industries Ltd, incorporated in 2007, specializes in the separation of brass scrap and the manufacturing of brass ingots, billets, rods, and brass-based components, particularly sanitary fittings. The company operates three plants in Jamnagar, a key hub for brass component production. Unit I, covering 4,970 square meters, handles the production of brass billets, ingots, rods, and plumbing parts, while Unit II, spanning 3,629 square meters, focuses on manufacturing brass sanitary parts. Unit III, with an area of 3,346 square meters, is primarily used for brass scrap separation. In 2023, the company reported revenue from operations of ₹492.87 million, with 67.06% generated domestically and 32.94% from international markets. Siyaram Recycling Industries distributes its products across 18 states and Union Territories in India, with Gujarat contributing the highest share of revenue at 56.40%, followed by Madhya Pradesh (5.25%), Punjab (2.03%), and Rajasthan (1.41%). The company also exports to countries like China, Germany, Belgium, and Oman.

Company Promoters

Dwarkadhish Venture Private LimitedRamgopal Ochhavlal MaheshwariBhavesh Ramgopal MaheshwariMadhu Ramgopal Maheshwari

Registrar

Cameo Corporate Services Limited
Siyaram Recycling Industries Limited IPO Details | GMP, Allotment & Financials | IPO Trending