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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 open date is 14th December 2023 and close date is 18th December 2023. IPO Allotment Date is 19th December 2023 and Listing date is 21st December 2023.Siyaram Recycling Industries IPO size is Rs 22.96 Cr. crores with IPO price of Rs 46.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Hem Securities Limited is the book-running lead manager of the Siyaram Recycling Industries IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Hem Finlease Private Limited for Siyaram Recycling Industries IPO.
Siyaram Recycling Industries IPO anchor investors are the below investors. The number of anchor investors in this IPO is 5.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in Rs.) | Amount Invested (in Rs.) |
|---|---|---|---|
| Rajasthan Global Securities | 219,000.00 | ₹46.00 | ₹10,074,000.00 |
| Nav Capital Vcc | 219,000.00 | ₹46.00 | ₹10,074,000.00 |
| India - Ahead | 381,000.00 | ₹46.00 | ₹17,526,000.00 |
| Chhattisgarh Investments Limited | 384,000.00 | ₹46.00 | ₹17,664,000.00 |
| LC Radiance Fund | 219,000.00 | ₹46.00 | ₹10,074,000.00 |
Siyaram Recycling Industries IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Siyaram Recycling Industries IPO, based in Jamnagar, operates in the Recycling - Metal sector with a focus on manufacturing of brass ingots, billets and brass rods. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Siyaram Recycling Industries IPO size is ₹ 22.96 Cr. Crores with fresh issue size of Rs 22.96 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Siyaram Recycling Industries IPO is expected to be 19th December 2023, after the finalization of basis of allotment. Investors can check Siyaram Recycling Industries IPO allotment status on the registrars website, Cameo Corporate Services Limited. Siyaram Recycling Industries IPO refund dates are 20th December 2023.
Siyaram Recycling Industries IPO is expected to be listed on 21st December 2023.
The upper price band for the Siyaram Recycling Industries IPO is set at ₹ 46.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Siyaram Recycling Industries IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Siyaram Recycling Industries IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 18th December 2023. After submission, funds are blocked until the basis of allotment of Siyaram Recycling Industries IPO is finalised.
The merchant banker for Siyaram Recycling Industries IPO is Hem Securities Limited . Hem Securities Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Siyaram Recycling Industries IPO RHP for further details.
The registrar for Siyaram Recycling Industries IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Siyaram Recycling Industries IPO through their official website or helpline.
Siyaram Recycling Industries IPO was subscribed 385.19 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 22.96 Cr.
Avg IPO Size (Sector Based)
:
₹ 23.19 Cr.
Sector: Recycling - Metal
SME IPO so far:
3
Merchant Banker:
Hem Securities
SME IPO by BRLM so far:
47
City:
Jamnagar
SME IPO so far:
10
Revenue (annualised):
₹ 215.06 cr.
PE
Ratio:
10.90x
Average Sector PE Ratio: 9.72x
Siyaram Recycling Industries IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Siyaram Recycling Industries Financial Review Page
Merchant Banker(s) of Siyaram Recycling Industries IPO: Hem Securities Limited
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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