Siyaram Recycling Industires

Company Profile
Company Name Siyaram Recycling Industires
Open Date 14-12-2023
Close Date 18-12-2023
Exchange BSE SME
Lot Size 3000 Shares
Issue Price ₹43 to ₹46 per share
Issue Size 49,92,000 Equity Shares
Application Amount ₹ 1,38,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Siyaram Recycling Industries Limited was originally incorporated in the year 2007 and has its registered office in Jamnagar, Gujarat, India. The company is primarily engaged in (i) segregation of brass scrap (ii) manufacturing of brass ingots, billets and brass rods and (iii) manufacturing of brass-basedcomponents (plumbing and sanitary parts). The company markets its products to around 18 states and Union Territories in India and exports its products to countries such as China, Germany, Belgium and Oman. As of 31st October 2023, the Company had 92 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-2 1 Mar-22 Mar-23 Sep-23
Total Assets 9,823.60 9,851.36 15,136.3 14,092.1
Net Assets 3,554.23 3,876.71 4,642.12 5,038.98
Total Borrowings 2,931.71 2,821.02 6,706.95 6,222.78
Total Revenue 13,972.9 42,644.3 49,786.2 21,510.9
Profit After Tax 142.27 322.49 765.42 396.86

Tentative Timeline

Opening Date 14-12-2023
Closing Date 18-12-2023
Basis of Allotment 19-12-2023
Initiation of Refunds 20-12-2023
Credit of Shares to Demat 20-12-2023
Listing Date 21-12-2023

Objects of the Issue

Repayment of certain borrowings
General Corporate Purpose

Contact Information

Registered Office Siyaram Recycling Industries Limited - Plot No. 6 & 7, Village: Lakhabaval Post Khodiyar Colony, Jamnagar-361006
Phone +91-75750-20500

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390

IPO Reservation

Anchor Investor Shares Offered 1,422,000 (28.49%)
Market Maker Shares Offered 252,000 (5.05%)
QIB Shares Offered 948,000 (18.99%)
NII (HNI) Shares Offered 711,000 (14.24%)
Retail Shares Offered 1,659,000 (33.23%)
Total Shares Offered 4,992,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 96.06%
Share Holding Post Issue (Promoters) 70.55%

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