58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Siyaram Recycling Industries Limited IPO Analysis

Siyaram Recycling Industries IPO is a book build IPO listing on BSE SME exchange. The company is based in Jamnagar and caters to Recycling - Metal sector. Hem Securities is the merchant banker of Siyaram Recycling Industries IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 23rd September 2023.

Siyaram Recycling Industries IPO posted revenues of Rs 497.86 crores and PAT of Rs 7.65 crores in FY24 on annualised basis.

Nature of IPO : SME
Exchange : BSE SME
IPO Type : Book Building

Siyaram Recycling IPO Financial Performance (Restated)

Financial results of Siyaram Recycling Industries IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
30-Sep-23
FY23
FY22
FY21
Balance Sheet
Assets
140.92
151.36
98.51
98.24

Net Worth
50.39
46.42
38.76
35.54

Total Debt
62.23
67.07
28.21
29.32

Profit & Loss
Revenue
Revenue on annualised basis
215.06
215.06
492.87
423.23
138.67

EBITDA
EBITDA on annualised basis
9.58
9.58
11.57
5.14
3.76

PAT
PAT on annualised basis
3.96
3.96
7.65
3.22
1.42

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Siyaram Recycling IPO Key performance Indicators (KPI)

Siyaram Recycling Industries IPO PAT Margin is 1.84%, ROCE (Return on Capital Employed) is 7.46% as per latest financial. The below table shows Siyaram Recycling Industries IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
30-Sep-23
FY23
FY22
FY21

EBITDA Margin (%)
4.45
2.35
1.21
2.71

PAT Margin (%)
1.84
1.55
0.76
1.02

EPS (Rs.)
2.87
5.54
2.34
1.03

ROE (%)
7.86
16.48
8.31
4.00

ROCE (%)
7.46
13.42
10.38
5.39

ROA (%)
2.81
5.05
3.27
1.45

Debt to Equity (x)  
1.23
1.44
0.73
0.82

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Siyaram Recycling Industries IPO Valuation Metrics

The market Capitalisation of Siyaram Recycling Industries IPO is Rs 86.47 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
86.47

Enterprice Value (EV) (Rs. Cr.):
148.53

EV/EBITDA (times) :
15.50

PE Multiple (times) :
10.90

P/B (times) :
1.18

NAV (Rs.) :
36.50

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Siyaram Recycling prospectus?

The Siyaram Recycling Industries IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Siyaram Recycling IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Siyaram Recycling Industries IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Siyaram Recycling IPO ?

The post-IPO market capitalisation of Siyaram Recycling Industries IPO is ₹86.47 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Siyaram Recycling IPO?

The Siyaram Recycling Industries IPO has a Price-to-Earnings (PE) ratio of 10.90 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Siyaram Recycling Industries IPO?

Siyaram Recycling Industries IPO reported revenue of ₹497.86 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Siyaram Recycling Industries IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Siyaram Recycling Industries IPO?

Siyaram Recycling Industries recorded an EBITDA of ₹ 9.58 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Siyaram Recycling Industries IPO?

Siyaram Recycling Industries Profit After Tax (PAT) is ₹3.96 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 215.06 Cr.
            EBITDA: ₹ 9.58 Cr.
            PAT: ₹ 3.96 Cr.
  • EBITDA Margin: 4.45 %
            Pat Margin: 1.84%
  • Net Worth: ₹ 50.39 Cr.
  • Market Capitalisation: ₹ 86.47 Cr.
  • P/E: 10.90 times
  • P/BV: 1.18 times
  • EV/EBITDA: 15.50 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Siyaram Recycling Industries operates in Recycling - Metal and Manufacturing Of Brass Ingots, Billets And Brass Rods. The Issue is listed on BSE SME in Dec, 2023. Siyaram Recycling Industries IPO size was 22.96 with Issue price of 46.00 .

Siyaram Recycling Industries IPO subscription was 385.19 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Siyaram Recycling Industries IPO listed at a listing price of 57.75 against the offer price of 46.00.

The current market price of Siyaram Recycling Industries is 140.05.

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