The Siyaram Recycling IPO has begun on 14-December-2023. It will close on 18-December-2023. The Total IPO Size is 22.96 Crores. The company set its IPO price is 43-46 Rs Per Share. Basically, There are three basic categories in Siyaram Recycling IPO Subscription 1) QIB 2) Retail Individual Investors (RIIs) 3) HNI
Siyaram Recycling is established in 2007.
Siyaram Recycling is primarily engaged in (i) segregation of brass scrap (ii) manufacturing of brass ingots, billets and brass rods and (iii) manufacturing of brass based components (plumbing and sanitary parts)
Manufacturing of brass based components (plumbing and sanitary parts)- They manufacture various brass components (plumbing and sanitary parts) such as brass inserts, brass ceramic cartridges (brass spindles), brass valves, extension nipples etc. as per the customer’s requirements, from our two manufacturing units (Unit-I and Unit-II) located at village Lakhabaval, district Jamnagar. Some of the renowned brands which are their customers include Hindware, ROCA, Eauset, Somany, Supreme, AGI Greenpac (formerly known as HSIL) and Ashirvad Pipes.
Manufacturing of brass ingots, billets and rods – They manufacture brass ingots, billets and rods through brass scrap from their manufacturing unit-II located at Village Lakhabaval, District Jamnagar. We mainly export these products to China. Additionally, They supply brass ingots to esteemed customers in India such as Astral Limited, Kajaria Bathware and AGI Greenpac (formerly known as HSIL).
Segregation of brass scrap – They procure brass scrap mainly from international market such as USA, UK, Europe and Middle East. Post procurement, segregation of brass is done at our unit-III located at Village Lakhabaval, District Jamnagar. Post segregation, the segregated brass is termed as Brass scrap honey. The brass scrap is mainly sold by us in Gujarat.
Check :- Upcoming SME IPO 2023
Siyaram Recycling IPO Promotor Holding
Dwarkadhish Venture Private Limited, Ramgopal Ochhavlal Maheshwari, Bhavesh Ramgopal Maheshwari and Madhu Ramgopal Maheshwari are the promoters of the company.
Siyaram Recycling IPO Date, Details & Price Band
| IPO Opening Dates | 14-December-2023 |
| IPO Closing Dates | 18-December-2023 |
| Price Band | 43-46 Rs |
| Fresh issue | 22.96 Crore |
| Total IPO size | 22.96 Crore |
| Minimum bid (lot size) | 3000 Shares |
| Face Value | 10 INR Per Share |
| Listing On | BSE SME |
Siyaram Recycling IPO Market Lot
The Siyaram Recycling IPO minimum market lot is 3000 shares With 1,38,000 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Minimum | 1 | 3000 | 1,38,000 Rs |
| Maximum | 1 | 3000 | 1,38,000 Rs |
| S-HNI (Min) | 2 | 6000 | 2,76,000 Rs |
Restated Financial Record of the three year (Amt. in Lakhs)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-21 | 9,823.59 | 13,972.93 | 142.28 |
| 31-Mar-22 | 5,062.51 | 10,395.18 | 172.99 |
| 31-Mar-23 | 8,104.32 | 13,500.99 | 761.56 |
Siyaram Recycling IPO GMP Grey Market Premium
Siyaram Recycling IPO GMP Grey market premium has been started today. Check Latest Siyaram Recycling IPO GMP Grey market premium, Kostak Rates and Subject to Sauda Price here.
Siyaram Recycling IPO Prospectus
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Siyaram Recycling IPO Reviews
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Siyaram Recycling IPO Form Download
Siyaram Recycling IPO is available on BSE Website as well as on our Portal. Please click here Siyaram Recycling IPO form Download.
Siyaram Recycling IPO Allotment Date & Details
| Allotment Date | 19-December-2023 |
| Initiation of refunds | 20-December-2023 |
| Transfer of shares to Demat accounts | 20-December-2023 |
| Listing Date | 21-December-2023 |
| Check Allotment Status | Click here |
Registrar of Siyaram Recycling IPO
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: [email protected]
Investor Grievance Email: [email protected]
Website: www.hemsecurities.com
Contact Person: Akun Goyal/Deeksha Kaku
SEBI Registration Number. INM000010981
Siyaram Recycling Contact Details
Siyaram Recycling Industries Limited
Plot No. 6 & 7,
Village: Lakhabaval Post
Khodiyar Colony, Jamnagar-361006
Phone: +91-75750-20500
Email: [email protected]
Website: https://www.siyaramindustries.co.in/
Siyaram Recycling IPO Lead Managers
CAMEO CORPORATE SERVICES LIMITED
Address: “Subramanian Building”, No. 1,
Club House Road Chennai-600002.
Tel No.: +91 44 40020700, (5lines)
Email: [email protected]
Website: www.cameoindia.com
Contact Person: K. Sreepriya
Designation: Vice President & Company Secre