Siyaram Recycling IPO Details ( Siyaram Recycling Industries Limited IPO Review )
(14 Dec 2023 – 18 Dec 2023)
Siyaram Recycling Industries Ltd started its journey in 2007. The company mainly focuses on tasks like sorting brass scrap, making brass ingots, billets, and rods, and creating brass components, especially for plumbing and sanitation. These activities take place in three facilities located in the Jamnagar district, a significant area for brass components.
The production of brass billets, ingots, rods, and plumbing components happens in Unit-I, covering an area of 4970 square meters. Unit-II, spanning 3629 square meters, is dedicated to manufacturing sanitary parts from brass. Unit-III, with a land area of 3346 square meters, is mainly used for sorting scrap.
The company sells its products in about 18 states and Union Territories in India, with Gujarat being the major source of revenue. Additionally, the company exports its products to countries like China, Germany, Belgium, and Oman.
As of the financial year 2023, 56.40% of the revenue comes from Gujarat, while Madhya Pradesh contributes 5.25%, Punjab contributes 2.03%, and Rajasthan contributes 1.41%.
Siyaram Recycling Industries Limited IPO Competitive Strength
- Strategically located manufacturing facilities
- Stringent quality control mechanism ensuring standardized product quality
- Diversified Client Base and long-standing relationship with our customers
- Strong and diversified supplier base for sourcing raw material
- Experienced Promoters supported by dedicated Management team
Siyaram Recycling IPO Financials Performance ( Results )
Siyaram Recycling Industries Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 9,823.59 | 13,972.93 | 142.28 | 1.03 | 3,554.23 | 25.75 | 2,173.68 | 2,931.72 |
| 31-Mar-22 | 9,851.35 | 42,644.34 | 322.47 | 2.34 | 3,876.71 | 28.08 | 2,496.16 | 2,821.02 |
| 31-Mar-23 | 15,136.31 | 49,786.27 | 765.42 | 5.54 | 4,642.12 | 33.63 | 3,261.57 | 6,706.95 |
Objective of Siyaram Recycling IPO Issue
- Repayment of a portion of certain borrowing availed by the Company and
- General Corprorate Purposes
Siyaram Recycling IPO Basic Details
| IPO Date | Dec 14, 2023 to Dec 18, 2023 |
| Listing Date | Thursday, December 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹43 to ₹46 per share |
| Lot Size | 3000 Shares |
| Issue Size | 4,992,000 shares of ₹10 (aggregating up to ₹22.96 Cr) |
| Fresh Issue | 4,992,000 shares of ₹10 (aggregating up to ₹22.96 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 13,805,500 |
| Share holding post issue | 18,797,500 |
| Company Promoters | Dwarkadhish Venture Private Limited, Ramgopal Ochhavlal Maheshwari, Bhavesh Ramgopal Maheshwari and Madhu Ramgopal Maheshwari |
Siyaram Recycling IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Siyaram Recycling Industries IPO Timetable
Siyaram Recycling Industries IPO will open on December 14, 2023 and close on December 18, 2023. You can join Siyaram Recycling Industries IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 14 December 2023 (Thursday) |
| Closing Date | 18 December 2023 (Monday) |
| Basis of Allotment | 19 December 2023 (Tuesday) |
| Initiation of Refunds | 20 December 2023 (Wednesday) |
| Credit of Shares to Demat | 20 December 2023 (Wednesday) |
| Listing Date | 21 December 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 18 December 2023 |
Siyaram Recycling IPO Lot Size
For retail investors in Siyaram Recycling IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹138,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹138,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹138,000 |
| Retail (Max) | 1 | 3000 | ₹138,000 |
| S-HNI (Min) | 2 | 6000 | ₹276,000 |
Siyaram Recycling IPO Promoter Holding
The company’s promoters include Dwarkadhish Venture Private Limited, Ramgopal Ochhavlal Maheshwari, Bhavesh Ramgopal Maheshwari and Madhu Ramgopal Maheshwari.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Siyaram Recycling Industries Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Earning Per Share (EPS) | ₹5.54 per Equity Share |
| Net Asset Value (NAV) | ₹33.63 per Equity Share |
| P/E Ratio (P/E) (x) | 8.30 |
| Return on Net Worth (RoNW) (%) | 16.49 |
| Return on equity (ROE) (%) | 17.97 |
| Return on Capital Employed (ROCE) (%) | 13.42 |
| Debt/Equity Ratio | 1.44 |
Siyaram Recycling Industries Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CMP (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | P/BV Ratio |
| Siyaram Recycling Industries Limited | Standalone | 46.00 | 10.00 | 5.54 | 8.30 | 16.49 | 34.12 |
| Peer Group | |||||||
| Sprayking Agro Equipment Limited | Standalone | 184.40 | 10.00 | 4.24 | 43.49 | 6.87 | 3.90 |
| Poojawestern Metaliks Limited | Standalone | 37.57 | 10.00 | 1.05 | 35.78 | 8.67 | 12.10 |
Siyaram Recycling IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹36 | – | – |
| 20 December 2023 | ₹36 | – | – |
| 19 December 2023 | ₹36 | – | – |
| 18 December 2023 | ₹32 | – | – |
| 17 December 2023 | ₹30 | – | – |
| 16 December 2023 | ₹28 | – | – |
| 15 December 2023 | ₹28 | – | – |
Siyaram Recycling IPO Detail Video:
link
Siyaram Recycling IPO Subscription Status (Bidding Detail)
The Siyaram Recycling IPO on December 18, 2023 at 7:30:00 PM was subscribed 385.19 times, with the retail category being subscribed 459.11 times, the NII (Non-Institutional Investor) category being subscribed 597.72 times, QIB (Qualified-Institutional Buyers) category being subscribed 96.43 times.
| Category | Subscription |
| QIB | 96.43x |
| NII | 597.72x |
| Retail | 459.11x |
| Total | 385.19x |
Siyaram Recycling IPO Prospectus
| Siyaram Recycling IPO DRHP | Download |
| Siyaram Recycling IPO RHP | Download |
| Siyaram Recycling IPO Anchor Investors Details PDF | Download |
Siyaram Recycling IPO Rating
| Our Rating | 4.0/5.0 |
Siyaram Recycling Company Contact Information
Siyaram Recycling Industries Limited
Registered Office: Plot No. 6 & 7, Village: Lakhabaval Post: Khodiyar Colony, Jamnagar-361006, Gujarat.
Contact Person: Kiran Parmanand Goklani, Company Secretary & Compliance Officer
Tel No: +91-75750-20500
E-mail: cs@siyaramindustries.co.in
Website: www.siyaramindustries.co.in
Promoters of Our Company: Dwarkadhish Venture Private Limited (Formerly Known as Siyaram Metals Private Limited), Ramgopal Ochhavlal Maheshwari, Bhavesh Ramgopal Maheshwari and Madhu Ramgopal Maheshwari
Siyaram Recycling IPO Registrar
Cameo Corporate Services Limited
Address: “Subramanian Building”, No. 1, Club House Road Chennai-600002.
Tel No.: +91 44 40020700, (5lines)
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Contact Person: K. Sreepriya
Designation: Vice President & Company Secretary
SEBI Registration Number: INR000003753
Siyaram Recycling IPO Lead Manager
Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Tel. No.: +91- 022- 49060000
Fax No.: +91- 022- 22625991
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Akun Goyal/Deeksha Kaku
SEBI Registration Number.: INM000010981
Siyaram Recycling IPO FAQs
What is the lot size of Siyaram Recycling IPO?
The total size of Siyaram Recycling IPO is ₹22.96 crores and this is a complete fresh Issue.
When will Siyaram Recycling IPO start?
Siyaram Recycling IPO will open from 14 December 2023 and IPO will close on 18 December 2023.
What is the open date of Siyaram Recycling IPO?
Siyaram Recycling IPO will open date from 14 December 2023.
What is the last date ( close date ) of Siyaram Recycling IPO?
Siyaram Recycling IPO will close from 18 December 2023.
What is the price band of Siyaram Recycling IPO?
Siyaram Recycling IPO price band is ₹43 to ₹46. ( Upper Price Band: ₹46, Lower Price Band: ₹43 )
What is the minimum amount required to apply for Siyaram Recycling IPO?
The minimum investment for retailers to apply for Siyaram Recycling IPO is ₹138,000 and the maximum investment is ₹138,000.
What is going on gray market premium of Siyaram Recycling IPO?
View gray market premium of Siyaram Recycling IPO by Clicking Here
How much is the GMP of Siyaram Recycling IPO?
Watch Siyaram Recycling IPO GMP Today: Click Here
What is the allotment date of Siyaram Recycling IPO?
The allotment date of Siyaram Recycling IPO is 19 December 2023.
How to check allotment status in Siyaram Recycling IPO?
To check the allotment status of Siyaram Recycling IPO, first of all go to the registrar website by clicking here, select your bad Siyaram Recycling IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Siyaram Recycling IPO?
The listing date of Siyaram Recycling IPO is 21 December 2023.
How much will be the listing gain in Siyaram Recycling IPO?
View listing gain of Siyaram Recycling IPO by Clicking Here
How much time Siyaram Recycling IPO is subscribed?
Total 385.19 times subscribed in Siyaram Recycling IPO out of which 459.11 times subscription was done in retail quota, 597.72 times subscription in NII quota and 96.43 times subscription in QIB quota.
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