Siyaram Recycling Industries Ltd IPO
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Siyaram Recycling Industries Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 49.92 L | TBA | ₹ 16.59 L | ₹ 132.02 L | BSE | ₹ 22.96 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 14 Dec, 23 | 18 Dec, 23 | 3000 | ₹ 1,29,000 | Book Building - SME | 21 Dec, 23 |
Siyaram Recycling Industries Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Mining |
| Sub Sector | Minerals |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 2370000 | 0 |
| NII | 0x | 711000 | 0 |
| Retail | 0x | 1659000 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 4992000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Siyaram Recycling Industries Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 11.62 | 12.02 | 6.27 |
| EBITDA | 13.08 | 13.71 | 8.05 |
| PAT | 7.52 | 7.17 | 3.22 |
| Total Assets | 159.14 | 142.98 | 90.00 |
| Share Capital | 18.80 | 13.81 | 13.81 |
| Total Borrowings | 66.45 | 79.80 | 32.98 |
| Operating Activities (Net Cash) | 8.98 | 8.86 | 5.00 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 66.45 | 79.80 | 32.98 |
| Net Cashflow | 0.52 | 0.72 | 2.10 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Siyaram Recycling Industries Ltd
Siyaram Recycling Industries Limited was originally incorporated as a private limited Company under the name of Siyaram Impex Private Limited on February 12, 2007 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli, bearing registration number as 049999. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on July 24, 2023, the name of the Company was changed from Siyaram Impex Private Limited to Siyaram Recycling Industries Private Limited and a fresh certificate of incorporation pursuant to change of name was issued by the Registrar of Companies, Ahmedabad vide certificate dated July 27, 2023. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on August 05, 2023 the Company was converted into a Public Limited Company and consequently the name of the Company was changed from Siyaram Recycling Industries Private Limited to Siyaram Recycling Industries Limited vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated August 24, 2023 issued by the Registrar of Companies, Ahmedabad bearing CIN U27106GJ2007PLC049999.
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.
Incorporated in 2007, Siyaram Recycling Industries Ltd is primarily engaged in (i) segregation of brass scrap (ii) manufacturing of brass ingots, billets and brass rods and (iii) manufacturing of brass based components (plumbing and sanitary parts). such as brass inserts, brass ceramic cartridges (brass spindles), brass valves, extension nipples etc. as per the customer's requirements.
Peer Comparison:
- Sprayking Agro Equipment Ltd
- Poojawestern Metaliks Ltd
Siyaram Recycling Industries Ltd IPO Key Points
Strengths
- Strategically located manufacturing facilities.
- Stringent quality control mechanism ensuring standardized product quality.
- Diversified Client Base and long-standing relationship with its customers.
- Strong and diversified supplier base for sourcing raw material.
- Experienced Promoters supported by dedicated Management team.
Risk
- There are outstanding legal proceedings involving the Company, its Directors and its Promoters. Any adverse decisions could impact the company cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention, consume financial resources in their defence or prosecution, affect its reputation, standing and future business and have an adverse effect on its business, prospects, results of operations and financial condition.
- Its cost of production is exposed to fluctuations in the prices of its raw material and thus any disruption in the supply of the raw material or volatility in the supply and pricing of the company raw material could have an adverse effect on its business, cash flows, financial condition and results of operations.
- The company is primarily dependent upon few key suppliers for procurement of raw materials. Any disruption in the supply of these raw materials or fluctuations in their prices could have a material adverse effect on its business operations and financial conditions.
Strategy
- Expand its domestic and international presence.
- Continue to strengthen its relationships with the customers.
- Focus on consistently meeting quality standards.
- Focus on increasing operational efficiencies.
- Strategically located manufacturing facilities.
- Stringent quality control mechanism ensuring standardized product quality.
- Diversified Client Base and long-standing relationship with its customers.
- Strong and diversified supplier base for sourcing raw material.
- Experienced Promoters supported by dedicated Management team.
How To Apply for Siyaram Recycling Industries Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
