Siyaram Recycling Industries Limited
Book Built Issue IPO · BSE
- Price band
- ₹43 - ₹46
- Lot size
- 3,000 shares
- Issue amount
- ₹22.96 cr
- Total subscription
- 385.26×
- Opens
- 14 Dec 2023
- Closes
- 18 Dec 2023
- Allotment
- 19 Dec 2023
- Listing
- 21 Dec 2023
Offer at a glance
Issue overview
- Issue size
- 49,92,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,29,000
- Fresh issue
- ₹22.96 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,38,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,38,05,500
- Shares after issue
- 1,87,97,500
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,38,000 |
| HNI | 2 | 6,000 | ₹2,76,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.36 | 420.5 |
| RETAIL | 7.63 | 3,503.63 |
| NIB | 3.27 | 1,956.07 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 5.54 |
| ROE | 17.97 |
| ROCE | 13.42 |
| RONW | 16.49 |
| PRE IPO(PE) | 8.3 |
| POST IPO(PE) | 10.9 |
Values and labels as reported in the issue data.
Company information
Company profile
Siyaram Recycling Industries Ltd, incorporated in 2007, specializes in the separation of brass scrap and the manufacturing of brass ingots, billets, rods, and brass-based components, particularly sanitary fittings. The company operates three plants in Jamnagar, a key hub for brass component production. Unit I, covering 4,970 square meters, handles the production of brass billets, ingots, rods, and plumbing parts, while Unit II, spanning 3,629 square meters, focuses on manufacturing brass sanitary parts. Unit III, with an area of 3,346 square meters, is primarily used for brass scrap separation. In 2023, the company reported revenue from operations of ₹492.87 million, with 67.06% generated domestically and 32.94% from international markets. Siyaram Recycling Industries distributes its products across 18 states and Union Territories in India, with Gujarat contributing the highest share of revenue at 56.40%, followed by Madhya Pradesh (5.25%), Punjab (2.03%), and Rajasthan (1.41%). The company also exports to countries like China, Germany, Belgium, and Oman.
Promoters
Dwarkadhish Venture Private Limited
Ramgopal Ochhavlal Maheshwari
Bhavesh Ramgopal Maheshwari
Madhu Ramgopal Maheshwari
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 6 & 7, Village: Lakhabaval Post Khodiyar Colony, Jamnagar-361006
+91-75750-20500
[email protected]Company website ↗Understanding SIYARAM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.