Siyaram Recycling Industries Limited IPO
Siyaram Recycling Industries Limited IPO
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Following its successful public offering, Siyaram Recycling Industries Limited's made its market debut on 21-12-2023 and is now actively traded on the BSEplatform. The IPO mobilized 49,92,000 Shares in total capital, including 49,92,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹43 to ₹46 and minimum investment lots of 3000 shares. Investor participation during the subscription window from 14-12-2023 to 18-12-2023 demonstrated market confidence in the company's prospects.
The allotment process concluded on 19-12-2023, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Siyaram Recycling IPO About Company
Siyaram Recycling Industries Ltd, incorporated in 2007, specializes in the separation of brass scrap and the manufacturing of brass ingots, billets, rods, and brass-based components, particularly sanitary fittings. The company operates three plants in Jamnagar, a key hub for brass component production. Unit I, covering 4,970 square meters, handles the production of brass billets, ingots, rods, and plumbing parts, while Unit II, spanning 3,629 square meters, focuses on manufacturing brass sanitary parts. Unit III, with an area of 3,346 square meters, is primarily used for brass scrap separation. In 2023, the company reported revenue from operations of ₹492.87 million, with 67.06% generated domestically and 32.94% from international markets. Siyaram Recycling Industries distributes its products across 18 states and Union Territories in India, with Gujarat contributing the highest share of revenue at 56.40%, followed by Madhya Pradesh (5.25%), Punjab (2.03%), and Rajasthan (1.41%). The company also exports to countries like China, Germany, Belgium, and Oman.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Siyaram Recycling IPO Strength Factors
NA
Siyaram Recycling IPO Risk Factors
NA
Siyaram Recycling IPO Lead Manager(s)
- Hem Securities Limited
Siyaram Recycling IPO Promoter(s)
- Dwarkadhish Venture Private Limited
- Ramgopal Ochhavlal Maheshwari
- Bhavesh Ramgopal Maheshwari
- Madhu Ramgopal Maheshwari
Siyaram Recycling IPO FAQs
Siyaram Recycling Industries Limited IPO subscribed 385.26 times. The public issue subscribed 459.11 times in the retail category,96.43times in QIB, and -- times in the HNI (10+) category byNovember 10, 2025 9:44:02 AM (Day 10).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Siyaram Recycling IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Siyaram Recycling IPO FAQs
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