Siyaram Recycling IPO Details, Date, Price, Allotment 2023

Siyaram Recycling  IPO description – Siyaram Recycling   India Limited is coming up with its Initial public offering. The IPO will be open for subscription on December 14, 2023

 

 

Siyaram Recycling IPO – Details

 

IPO Open Date 14 December 2023
IPO Close Date 18 December 2023
Issue Type Book Built Issue IPO
Issue Size 49,92,000 Shares Worth ₹22.96 Crore

Fresh Issue: 49,92,000 Shares Worth ₹22.96 Crore

Face Value ₹10 per equity share
IPO Price ₹43 – ₹46
Market Lot 3000 Shares
Minimum Order 3000 Shares (1 Lot)
Listing At BSE SME
Register Cameo Corporate Services Limited
Retail Shares Offered 35%
NII (HNI) Shares Offered 15%
Other Shares Offered 50%

 

Siyaram Recycling IPO – Date Schedule

 

IPO Opening Date 14 December 2023
IPO Closing Date 18 December 2023
Finalization of Basis of Allotment 19 December 2023
Refunds Initiation 20 December 2023
Transfer of shares to demat accounts 20 December 2023
Listing Date of IPO 21 December 2023

 

Siyaram Recycling IPO – About Company 

 

Siyaram Recycling Industries Limited is primarily engaged in:

  • Segregation of brass scrap.
  • Manufacturing of brass ingots, billets and brass rods and,
  • Manufacturing of brass based components (plumbing and sanitary parts).

The manufacturing of brass billets and ingots, as well as brass rods and plumbing components, is carried out in Unit-I, which occupies a land area of 4970 square meters. Meanwhile, Unit-II, which covers 3629 square meters of land, is used to manufacture sanitary parts made of brass. Finally, Unit-III, situated on a land area of 3346 square meters, is primarily used for segregating scrap. Three hundred forty-six square meters, is primarily used for segregating scrap.

The company markets its products to around 18 states & Union Territories in India, of which the majority of the revenue comes from Gujarat. The products of the company are exported to countries such as China, Germany, Belgium and Oman.

As of FY 2023, Gujarat was responsible for 56.40% of the revenue from operations, while Madhya Pradesh contributed 5.25%, Punjab contributed 2.03%, and Rajasthan contributed 1.41%.

 

Siyaram Recycling IPO
Siyaram Recycling IPO

Siyaram Recycling IPO – Industry Overview 

 

India is one of the fastest growing economies in the world. Strong domestic demand coupled with several reforms that the government has undertaken are on track to maintain the economic growth momentum going forward. As nonferrous metals find widespread applications across the economy, the current policy measures provide a tremendous opportunity for the development of the Indian non-ferrous metals industry in the future. A major push is expected to emerge from the governments ‘Make in India’ initiative,

which aims to increase the manufacturing share of GDP from the present 17 per cent to 25 per cent by the end of 2025. Under this initiative, the government has identified 25 sectors such as Automotive, Power, Defence manufacturing, etc. which have extensive applications of various non-ferrous metals, and therefore, can provide a boost to the industry. Furthermore, these metals are witnessing increasing applications in the existing sectors as well as exploring many newer applications. 

 

Ferroalloys and copper & alloys (including brass & bronze) occupied the third & fourth place with a contribution of 6.16% and 4.93%, respectively. The total exports of copper & alloys (including brass & bronze) were at 2,09,332 tonnes in 2020-21 as against 1,41,010 tonnes in 2019-20.   

 

Siyaram Recycling IPO – Financial Performance

 

FY 2022 FY 2023 H1 FY 2024
Revenue 423.23 492.87 215.07
Expenses 421.95 487.06 209.70
Net income 3.22 7.65 3.97

Figures in INR Crores

 

Siyaram Recycling IPO – Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 1.03 2.34 5.54
PE ratio 7.76 – 8.30
RONW (%) 4.00 8.32 16.49
ROCE (%) 5.39 10.38 13.42
NAV 25.75 28.08 33.63
EBITDA (%) 2.71 1.21 2.35
Debt/Equity 0.82 0.73 1.44

 

Siyaram Recycling IPO – Prospectus

 

 

Siyaram Recycling IPO – Competitive Strengths

 

  • Strategically located manufacturing facilities.
  • Stringent quality control mechanism ensuring standardized product quality. 
  • Diversified Client Base and long-standing relationship with our customers.  
  • Strong and diversified supplier base for sourcing raw material.
  • Experienced Promoters supported by dedicated Management team.

 

Siyaram Recycling IPO – Object Of The Issue

 

  • Repayment of a portion of certain borrowing availed by the Company and
  • General Corporate Purpose.

 

Siyaram Recycling IPO – Allotment Status

Siyaram Recycling IPO allotment status will be available on theCameo Corporate Services’ website. Click on this link to get allotment status.

Siyaram Recycling IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 3000 1,38,000
Retail (Max) 1 3000 1,38,000
HNI (Min) 2 6000 2,76,000

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Disclaimer – The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

 

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