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SIYARAMSME / BSEListed
Siyaram Recycling Industries

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 Price₹55.00
Listing Gain+19.57%

IPO Schedule & Timeline

Book Built Issue IPO
Open14 Dec 2023
Close18 Dec 2023
Allotment19 Dec 2023
Listing21 Dec 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail16,59,000 shares
33.23%
Nii(hni)7,11,000 shares
14.24%
QIB9,48,000 shares
18.99%
Market Maker2,52,000 shares
5.05%

Minimum Application Lots

Retail1 Lot (3,000 shares)
₹1,38,000
HNI2 Lots (6,000 shares)
₹2,76,000

Company Promoters

Dwarkadhish Venture Private LimitedRamgopal Ochhavlal MaheshwariBhavesh Ramgopal MaheshwariMadhu Ramgopal Maheshwari

Company Background

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 produc...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2023 )₹49786.27 Cr
Growth+256.3%
Revenue Trend (₹ in Crores)
0.019.1k38.2k57.3kMar 2021Mar 2022 Mar 2023
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 2023 49,786.27765.4215,136.316,706.95
Mar 2022 42,644.34322.479,851.352,821.02
Mar 202113,972.93142.289,823.592,931.72

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values5.5417.97%13.42%8.310.9

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Cameo Corporate Services Limited

Allotment Finalized
Allotment Date
19 Dec 2023
Official Status
Out / Finalized
Registrar
Cameo Corporate Services Limited
Listing Date
21 Dec 2023

Official Allotment Verification Links

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Cameo Corporate Services Limited

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Allotment Schedule & Milestones

IST
1. Allotment Finalization19 Dec 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date21 Dec 2023Trading commences on exchange

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About Siyaram Recycling Industries IPO

Complete issue overview for Siyaram Recycling Industries (SIYARAM) IPO. The issue features an equity share price band of ₹43 – ₹46 per share with a minimum retail lot size of 3000 Shares (minimum application amount of ₹1,38,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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