The Siyaram Recycling IPO started on December 14, 2023, and ended on December 18, 2023. Shares were allocated on December 19, 2023, and refund processes began on December 20, 2023. On December 20, 2023, the shares were credited to investors demat accounts. Siyaram Recycling was officially listed on the stock exchange on December 21, 2023.
During the IPO, Siyaram Recycling offered shares at a price range of ₹43 to ₹46 per share, and the lot size was 3000 shares. The total issue size was ₹22.96 crores, with ₹22.96 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Siyaram Recycling Industries IPO Subscription Update Video
Siyaram Recycling IPO Subscription Status
The Siyaram Recycling IPO on December 18, 2023 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, the 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 Basic Details
| Company Name | Siyaram Recycling Industries Limited |
| Domain of Company | Recycling Company |
| 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 |
About Siyaram Recycling Industries Limited
Siyaram Recycling Industries Ltd started in 2007 and does a few main things. They sort out brass scrap, make brass ingots, billets, and brass rods, and create brass-based stuff, especially plumbing and sanitary parts. They do all of this in three places in Jamnagar, which is known for brass stuff.
They make brass billets and ingots, plus brass rods and plumbing stuff in Unit-I, which is on 4970 square meters of land. Unit-II, on 3629 square meters, makes sanitary parts from brass. Unit-III, on 3346 square meters, is mostly for sorting out scrap.
The company sells its things in about 18 states and Union Territories in India, and most of the money comes from Gujarat. They also send their products to countries like China, Germany, Belgium, and Oman.
In the fiscal year 2023, Gujarat brought in 56.40% of the money from operations. Madhya Pradesh added 5.25%, Punjab added 2.03%, and Rajasthan added 1.41%.
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Siyaram Recycling IPO FAQs
What is the start and end date of Siyaram Recycling IPO Subscription?
The Siyaram Recycling IPO started on December 14, 2023, and ended on December 18, 2023.
When does Siyaram Recycling IPO Subscription open?
The Siyaram Recycling IPO open on December 14, 2023.
When does Siyaram Recycling IPO Subscription close?
The Siyaram Recycling IPO Close on December 18, 2023.
What is the allotment date of Siyaram Recycling IPO?
The allotment date for Siyaram Recycling IPO is December 19, 2023.
When is the initial refund date of Siyaram Recycling IPO?
The initial Refund date for Siyaram Recycling IPO is December 20, 2023.
When were the shares credited to investors demat accounts for the Siyaram Recycling IPO?
The shares for the Siyaram Recycling IPO were credited to investors demat accounts on December 20, 2023.
When will Siyaram Recycling IPO be listed on the stock market?
Siyaram Recycling IPO stock market will be listed on December 21, 2023 at 10 am.
What was the price range of the Siyaram Recycling IPO shares?
The Siyaram Recycling IPO shares were offered at a price range of ₹43 to ₹46 per share.
What was the lot size for the Siyaram Recycling IPO shares?
The lot size for the Siyaram Recycling IPO shares was 3000 shares.
What was the total issue size of the Siyaram Recycling IPO?
The total issue size of the Siyaram Recycling IPO was ₹22.96 crores.
How were the shares allocated among different types of investors for the Siyaram Recycling IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Siyaram Recycling IPO listed?
The Siyaram Recycling IPO was listed on the BSE SME.
What is the Siyaram Recycling IPO Subscription Status?
Siyaram Recycling IPO is subscribed 385.19 Times.
