Siyaram Recycling Industries Ltd (BSE SME)
December 14, 2023 – December 18, 2023
| Price | ₹43 - ₹46 |
| Premium | ₹36 |
|---|---|
| Lot size | 3000 |
| Allotment | Dec 19, 2023 |
| Listing | Dec 21, 2023 |
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Subscription
Last updated on 18 Dec 2023 | 05:50:23 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 948000 | 91413000 | 96.43 |
| HNIs | 711000 | 425232000 | 598.08 |
| Retail | 1659000 | 761658000 | 459.11 |
| Total | 3318000 | 1278303000 | 385.26 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 138000 | 553 |
| HNI | 2 | 6000 | 276000 | 237 |
Incorporated in 2007, Siyaram Recycling Industries Ltd's main activities include the separation of brass scrap, the manufacture of brass ingots, billets and rods as well as the production of brass-based components, in particular parts for sanitary installations. All these activities take place in three plants in Jamnagar district, a major centre for brass components.
The production of brass billets and ingots, brass rods and plumbing parts is carried out in Unit I, which occupies an area of 4970 square meters. In Unit II, which covers 3629 square meters, brass sanitary parts are manufactured. Finally, Unit III, which covers an area of 3346 square meters, is mainly used for the separation of scrap. The area of 366 square meters is primarily used for the separation of scrap.
In 2023, revenue from operations amounted to 492.87 million. Around 67.06% of this revenue was generated on the domestic market, while 32.94% was generated on international markets.
The company distributes its products in around 18 states and Union Territories in India, with the majority of its revenue coming from Gujarat. The company's products are exported to countries such as China, Germany, Belgium and Oman.
In FY2023, Gujarat accounted for 56.40% of operating revenue, while Madhya Pradesh contributed 5.25%, Punjab 2.03% and Rajasthan 1.41%.
Siyaram Recycling IPO Details
| Issue Size | 4,992,000 shares (aggregating up to ₹22.96 Cr) |
| Fresh Issue | 4,992,000 shares (aggregating up to ₹22.96 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 13,805,500 |
| Share holding post issue | 18,797,500 |
| Market Maker portion | 252,000 shares Hem Finlease |
Siyaram Recycling IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Siyaram Recycling IPO Lead Manager(s)
Hem Securities Limited
Company Financials
Siyaram Recycling Industries Limited Financial Information (Restated)
Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 15,136.31 | 9,851.35 | 9,823.59 |
| Revenue | 49,786.27 | 42,644.34 | 13,972.93 |
| Profit | 765.42 | 322.47 | 142.28 |
| Net Worth | 4,642.12 | 3,876.71 | 3,554.23 |
| Reserves | 3,261.57 | 2,496.16 | 2,173.68 |
| Borrowing | 6,706.95 | 2,821.02 | 2,931.72 |
| Amount in ₹ Lakhs | |||
Strength
Weakness
Lead Manager(s)
Address
Siyaram Recycling Industries Limited
Plot No. 6 & 7,
Village: Lakhabaval Post
Khodiyar Colony, Jamnagar-361006
Phone: +91-75750-20500
Email: cs@siyaramindustries.co.in
Website: https://www.siyaramindustries.co.in/