
✓
Open
14 Dec 2023
✓
Close
18 Dec 2023
3
Allotment
—
✓
Listing
Thu, Dec 21, 2023
Price Band
₹43 to ₹46
Issue Size
49,92,000 shares (agg. up to ₹23 Cr)
Lot Size
3,000 Shares
Listing Date
Thu, Dec 21, 2023
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 268.05x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 151.36 | 98.51 | 98.24 |
| Total Income | 497.86 | 426.44 | 139.73 |
| Profit After Tax | 7.65 | 3.22 | 1.42 |
| NET Worth | 46.42 | 38.77 | 35.54 |
| Reserves and Surplus | 32.62 | 24.96 | 21.74 |
| Total Borrowing | 67.07 | 28.21 | 29.32 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Holmarc Opto-Mechatronics Ltd. | SME | ₹11.40 Cr | ₹40 | 8.09 | ₹68.50 | +71.25% | ₹109.00 (+1.87%) |
| Meson Valves India Ltd. | SME | ₹31.09 Cr | ₹102 | 15.47 | ₹203.45 | +99.46% | ₹216.35 (-1.99%) |
| Jiwanram Sheoduttrai Industries Ltd. | SME | ₹17.07 Cr | ₹23 | 9.91 | ₹28.50 | +23.91% | ₹5.15 (-1.90%) |
| Alphalogic Industries Ltd. | SME | ₹12.88 Cr | ₹96 | 22.3 | ₹96.29 | +0.30% | ₹141.00 (-6.62%) |
| Auro Impex & Chemicals Ltd. | SME | ₹27.07 Cr | ₹78 | 12.07 | ₹75.70 | -2.95% | ₹25.45 (+1.19%) |
| Srivasavi Adhesive Tapes Ltd. | SME | ₹15.50 Cr | ₹41 | 16.08 | ₹42.00 | +2.44% | ₹89.95 (-4.66%) |
| Sealmatic India Ltd. | SME | ₹56.24 Cr | ₹225 | 18.75 | ₹236.25 | +5.00% | ₹391.05 (-0.66%) |
| Inox India Ltd. | Mainboard | ₹1,459.32 Cr | ₹660 | 39.22 | ₹939.95 | +42.42% | ₹1,980.20 (-0.77%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of a portion of certain borrowing availed by the Company | 18.00 |
| 2 | General Corporate Purposes | 2.36 |
About Siyaram Recycling Industries IPO
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.
Contact Details
Siyaram Recycling Industries Ltd. AddressPlot No.6 & 7Village: Lakhabaval PostKhodiyar ColonyJamnagar, Gujarat, 361006+91-75750-20500cs@siyaramindustries.co.inVisit Website