Siyaram Recycling IPO Details | GMP, Date, Price, Review

Siyaram Recycling IPO

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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 EndedTotal AssetsTotal RevenuePATEPS
Net WorthNAV

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 DateDec 14, 2023 to Dec 18, 2023
Listing DateThursday, December 21, 2023
Face Value₹10 per share
Price₹43 to ₹46 per share
Lot Size3000 Shares
Issue Size4,992,000 shares of ₹10
(aggregating up to ₹22.96 Cr)
Fresh Issue4,992,000 shares of ₹10
(aggregating up to ₹22.96 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share holding pre issue13,805,500
Share holding post issue18,797,500
Company PromotersDwarkadhish Venture Private Limited,
Ramgopal Ochhavlal Maheshwari,
Bhavesh Ramgopal Maheshwari and
Madhu Ramgopal Maheshwari

Siyaram Recycling IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% 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.

Opening Date14 December 2023 (Thursday)
Closing Date18 December 2023 (Monday)
Basis of Allotment19 December 2023 (Tuesday)
Initiation of Refunds20 December 2023 (Wednesday)
Credit of Shares to Demat20 December 2023 (Wednesday)
Listing Date21 December 2023 (Thursday)
Deadline for UPI mandate confirmation5 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.

Retail (Min)13000₹138,000
Retail (Max)13000₹138,000
S-HNI (Min)26000₹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 Holding100%
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.

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 Ratio1.44

Siyaram Recycling Industries Ltd Peer Comparison

Company NameConsolidated/
Siyaram Recycling
Industries Limited
Peer Group
Sprayking Agro
Equipment Limited
Poojawestern Metaliks

Siyaram Recycling IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
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:


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.


Siyaram Recycling IPO Prospectus

Siyaram Recycling IPO DRHPDownload
Siyaram Recycling IPO RHPDownload
Siyaram Recycling IPO Anchor Investors Details PDFDownload

Siyaram Recycling IPO Rating

Our Rating4.0/5.0

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
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)
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
Investor Grievance Email:
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.

How to apply for Siyaram Recycling IPO from Upstox?

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How to apply for Siyaram Recycling PO from Zerodha?

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How to apply for Siyaram Recycling IPO from Angle One?

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