The Siyaram Recycling IPO date has confirmed from December 14, 2023 and closes on December 18, 2023. Read the post to learn about Siyaram Recycling IPO GMP.
Using an IPO, Siyaram Recycling is seeking to raise Rs22.96 crores. Its price band is set at ₹ 43 to ₹ 46 per share. The minimal lot size for an operation is 3000 Shares. The minimal quantum of investment needed by retail investors is ₹ 138,000. The minimal lot size investment for HNI is 2 lots( 6,000 shares) amounting to ₹ 276,000.
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Key Details Of Siyaram Recycling IPO:
Bidding Dates
December 14-18
Price Range
₹43 to ₹46 per share
Face Value
₹10 per share
GMP
₹28
Siyaram Recycling IPO GMP
The Siyaram Recycling Limited IPO GMP Today is ₹28.
Siyaram Recycling IPO Overview
The Siyaram Recycling IPO is a book- erected immolation for Rs22.96 crores. The issue is a fully new issue of49.92 lakh shares. Siyaram Recycling’s original public immolation( IPO) begins on December 14, 2023 and concludes on December 18, 2023. The Siyaram Recycling IPO allotment is anticipated to be completed on Tuesday, December 19, 2023. Siyaram Recycling’s first public immolation( IPO) will be listed on the BSE SME on Thursday, December 21, 2023.
The Siyaram Recycling IPO pricing range is set at 43 to 46 cents per share. A lot size of 3000 shares is needed for an operation. Retail investors must make a minimal commitment of$ 180,000. The minimal lot size for HNI is two lots( 6,000 shares), totaling$ 276,000 in investment.
The company sells its products in around 18 Indian countries and union homes, with Gujarat counting for the maturity of profit. The company’s products are packed to nations similar as China, Germany, Belgium, and Oman. Gujarat reckoned for56.40 of profit from operations in FY 2023, while Madhya Pradesh handed5.25, Punjab contributed2.03, and Rajasthan contributed1.41.
Siyaram Recycling IPO Details
| Siyaram Recycling IPO Dates | 14 – 18 December 2023 |
| Siyaram Recycling Issue Price | INR 43 – 46 per share |
| Fresh issue | 4,992,000 shares (INR 21.47 – 22.96 crore) |
| Offer For Sale | Nil |
| Total IPO size | 4,992,000 shares (INR 21.47 – 22.96 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 138,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME |
Siyaram Recycling Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 138.67 | 423.23 | 492.87 | 215.07 |
| Expenses | 137.77 | 421.95 | 487.06 | 209.70 |
| Net income | 1.42 | 3.22 | 7.65 | 3.97 |
Siyaram Recycling IPO Dates & Listing Performance
| IPO Opening Date | 14 December 2023 |
| IPO Closing Date | 18 December 2023 |
| Finalization of Basis of Allotment | 19 December 2023 |
| Initiation of refunds | 20 December 2023 |
| Transfer of shares to demat accounts | 20 December 2023 |
| IPO Listing Date | 21 December 2023 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Profile
Siyaram Recycling diligence Ltd, innovated in 2007, is primarily engaged in the separation of brass scrap, the manufacture of brass beams, billets, and brass rods, and the product of brass- grounded factors, specially plumbing and aseptic corridor. All of these operations take place in three spots in Jamnagar, a major mecca for brass factors. Unit- I, which has a land area of 4970 square metres, is where brass billets and beams, as well as brass rods and plumbing factors, are manufactured. Meanwhile, Unit- II, which has 3629 square metres of land, is utilised to
produce brass aseptic corridor. Eventually, over a land area of 3346 square metres, Unit- III is largely used for scrap separation. 346 square metres are largely utilised for scrap separation.
Registrar Info
| Name | CAMEO CORPORATE SERVICES LIMITED |
| Phone number | +91-44-40020700 |
| Email ID | [email protected] |
| Website | cameoindia.com |
Contact Details
| Name | SIYARAM RECYCLING INDUSTRIES LIMITED |
| Phone number | +91-75750-20500 |
| Email ID | [email protected] |
| Website | siyaramindustries.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Siyaram Recycling IPO FAQs
What is the Siyaram Recycling offer price band?
Siyaram Recycling public offer price is INR 43 – 46 per share.
What is the lot size of the Siyaram Recycling IPO?
Siyaram Recycling offer lot size is 3,000 shares.
What is Siyaram Recycling IPO GMP today?
Siyaram Recycling IPO GMP today is INR 15 per share.
What is the Siyaram Recycling kostak rate today?
Siyaram Recycling kostak rate today is INR NA per application.
What is Siyaram Recycling Subject to Sauda rate today?
Siyaram Recycling Subject to Sauda rate today is INR 35,000 per application.
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