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SME IPO Status: Listed [14th Dec 2023 to 18th Dec 2023]
Siyaram Recycling IPO, a SME IPO of ₹22.96 Cr was launced on 14-12-2023 to 18-12-2023 and the shares got listed on BSE SME on 21-12-2023.
The public issue of Siyaram Recycling IPO (544047) was offered at ₹46.00 per share and the ipo was listed at ₹55. It has delivered listing gain of 19.57%.
As the minimum lot size was 3000 shares, the IPO has offered Rs 27000 per lot return on listing.
| SME IPO Issue Opening Date: | 14th Dec 2023 |
| SME IPO Issue Closing Date: | 18th Dec 2023 |
| SME IPO Issue Price: | ₹43.00-46.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹22.96 Cr |
| Fresh Issue: | ₹22.96 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544047 |
Get important updates regarding Siyaram Recycling SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 19th Dec 2023 |
| Refunds Initiation* | 20th Dec 2023 |
| Credit of Shares to Demat* | 20th Dec 2023 |
| SME IPO Listing Date* | 21st Dec 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹43.00-46.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹138000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 21-12-2023 | 46.00 | 36 | 82100 | ₹82 (78.26%) | 21-Dec-2023 9:31 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Established in 2007, Siyaram Recycling Industries Limited is a pioneer in the recycling industry. The company has repeatedly demonstrated its unwavering commitment to sustainable business practices through its robust Corporate Social Responsibility (CSR) initiatives. Recognizing the urgent need to protect the environment, the company has launched several green projects, including establishing community recycling centres and waste management awareness education programs. These efforts underscore Siyaram’s commitment to creating a more sustainable future while improving the well-being of the communities in which we operate.
In the ever-growing brass component manufacturing sector, renowned companies are proving their mettle. Among them is Siyaram Recycling Industries Ltd, a homegrown name led by a visionary CEO, Mr. Ramgopal Maheshwari. The company is establishing itself as an entrepreneurial OEM under the leadership of a highly qualified management team. With globally recognized manufacturing capabilities and a commitment to achieve the highest industrial precision, our efforts have proven sustainable.
The main products offered by this company in many varieties are defined as follows:
| Incorporation | Sector | IPO Issue Size | Website |
| 2007 | Recycling | ₹22.96 Cr | https://www.siyaramindustries.co.in/ |
The details of the utilization of the Net Proceeds are set forth herein below:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 948,000 (28.57%) | 711,000 (21.43%) | 1,659,000 (50%) | 3,318,000 | |
| 1 | 14th Dec 2023 19:04 | 0.05x | 8.12x | 36.64x | 20.07x |
| 2 | 15th Dec 2023 19:04 | 3.56x | 26.38x | 106.57x | 59.95x |
| 3 | 18th Dec 2023 19:04 | 96.43x | 597.72x | 459.11x | 385.19x |
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 Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 15,136.31 | 9,851.35 | 9,823.59 |
| Revenue | 49,786.27 | 42,644.34 | 13,972.93 |
| Profit After Tax | 765.42 | 322.47 | 142.28 |
| Net Worth | 4,642.12 | 3,876.71 | 3,554.23 |
| Reserves and Surplus | 3,261.57 | 2,496.16 | 2,173.68 |
| Total Borrowing | 6,706.95 | 2,821.02 | 2,931.72 |
| Amount in ₹ Lakhs | |||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Siyaram Recycling Industries Limited | 5.54 | 5.54 | 33.63 | 8.3 | 16.49 | |
| Sprayking Agro Equipment Limited | 4.24 | 4.24 | 50.63 | 6.87 | ||
| Poojawestern Metaliks Limited | 1.05 | 1.05 | 30.3 | 8.67 |
Last Updated on 25-Dec-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Siyaram Recycling SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Siyaram Recycling SME IPO with Zerodha.
Alternate approch to apply in Siyaram Recycling SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Siyaram Recycling SME IPO Review and Important Updates
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To subscribe or apply in Siyaram Recycling SME IPO, you can use the following methods:
| Siyaram Recycling SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Siyaram Recycling SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Siyaram Recycling SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Siyaram Recycling SME IPO. Most of the Syndicate Banks provide access to apply in Siyaram Recycling IPO via ASBA process. You must have your net banking access, DP ID information to apply in Siyaram Recycling SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Siyaram Recycling SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Siyaram Recycling SME IPO Review and Important Updates
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Siyaram Recycling SME IPO is going to be list on 21-12-2023. BSE Code for Siyaram Recycling is 544047.
Other relevant questions:
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Siyaram Recycling SME IPO Allotment Date is 19-12-2023.
Other relevant questions:
Siyaram Recycling SME IPO share allotment date?Siyaram Recycling SME IPO allotment date?
