The Siyaram Recycling IPO commenced on December 14, 2023, and concluded on December 18, 2023. The allotment of shares took place on December 19, 2023, and the initiation of refunds began on December 20, 2023. The shares were credited to the demat accounts of investors on December 20, 2023. Finally, the listing of Siyaram Recycling on the stock exchange occurred on December 21, 2023.
The Siyaram Recycling IPO was priced at ₹43 to ₹46 per share, with a lot size of 3000 shares. The total issue size was ₹22.96 crores, comprising a fresh issue of ₹22.96 crores. The IPO was listed on the BSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Siyaram Recycling IPO Basic Details
| Company Name | Siyaram Recycling Industries Limited |
| Domain of Company | Recycling Company |
| Siyaram Recycling IPO GMP Today | ₹28 |
| Siyaram Recycling IPO Listing Gain | 60.87% |
| Siyaram Recycling IPO Open Date | December 14, 2023 |
| Siyaram Recycling IPO Close Date | December 18, 2023 |
| Siyaram Recycling IPO Allotment Date | December 19, 2023 |
| Siyaram Recycling IPO Listing Date | 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 |
| Company Promoters | Dwarkadhish Venture Private Limited, Ramgopal Ochhavlal Maheshwari, Bhavesh Ramgopal Maheshwari and Madhu Ramgopal Maheshwari |
Siyaram Recycling IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹28 | 60.87% | – | – |
| 9 December 2023 | ₹28 | 60.87% | – | – |
Siyaram Recycling Industries Limited IPO Details:
Siyaram Recycling Industries Ltd was founded in 2007, and its main work involves sorting brass scrap, making brass ingots, billets, and rods, and creating various brass components, particularly for plumbing and sanitary purposes. These activities take place in three facilities located in the Jamnagar district, a significant center for brass components.
The manufacturing of brass billets, ingots, rods, and plumbing components happens in Unit-I, which covers an area of 4970 square meters. Unit-II, spanning 3629 square meters, is dedicated to producing sanitary parts from brass. Meanwhile, Unit-III, situated on 3346 square meters, focuses on segregating scrap.
The company sells its products in about 18 states and Union Territories across India, with a major portion of its revenue coming from Gujarat. Additionally, the company exports its products to countries like China, Germany, Belgium, and Oman.
In the fiscal year 2023, Gujarat accounted for 56.40% of the company’s revenue, while Madhya Pradesh contributed 5.25%, Punjab contributed 2.03%, and Rajasthan contributed 1.41%.
Siyaram Recycling IPO More Details Click Here
Siyaram Recycling IPO FAQs
When is Siyaram Recycling IPO open?
Siyaram Recycling IPO will open on 14 December 2023.
When is Siyaram Recycling IPO Close?
Siyaram Recycling IPO will be closed on 18 December 2023.
What is Siyaram Recycling IPO GMP Today?
The Siyaram Recycling IPO GMP aka Grey Market Premium is ₹28.
What is Siyaram Recycling IPO Kostak Rates Today?
The Siyaram Recycling IPO Kostak Rate is ₹000.
What is Siyaram Recycling IPO Subject to Sauda Price Today?
The Siyaram Recycling IPO subject to sauda rates is ₹000.
Siyaram Recycling IPO Expected Returns?
The Siyaram Recycling expected return is 60.87%.
How much will be the listing gain in Siyaram Recycling IPO?
Siyaram Recycling IPO will get listing gain of 60.87%. (Approx.)
