Siyaram Recycling Industries Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Siyaram

CMP

75.10

+5.13 (7.33%)

  • DRHP
₹46

Offer Price

₹ 22.96 Cr

Issue Size

₹ 1,38,000

Min Investment

3,000

Lot size

Time Line

  • 14
    Dec 2023
    Open
  • 18
    Dec 2023
    Close
  • 19
    Dec 2023
    Finalisation of Basis of Allotment
  • 20
    Dec 2023
    Initiation of Refunds
  • 20
    Dec 2023
    Transfer of Shares to Demat Account
  • 21
    Dec 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • 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.

Products & Services

  • The Company 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).

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.

Risks

  • 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.

  • Substantial portion of its revenues has been dependent upon few customers, with which the company does not have any firm commitments. The loss of any one or more of its major customer would have a material adverse effect on its business, cash flows, results of operations and financial condition.

  • The company requires certain approvals, licenses, registrations and permits to operate its business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate its business may adversely affect the company operations and financial conditions.

Company Promoters

Promoters Holding

Issue For IPO
25.39%
Pre Holding

95.62%

Post Holding

70.23%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 423.23 (205.20%) 492.87 (16.50%) 16.49 (-)
Gross Profit 423.23 (205.20%) 492.87 (16.50%) 16.49 (-)
Net Income 423.23 (205.20%) 492.87 (16.50%) 16.49 (-)
Assets 423.23 (205.20%) 492.87 (16.50%) 16.49 (-)
Liabilities 423.23 (205.20%) 492.87 (16.50%) 16.49 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Siyaram Recycling Industries Ltd 492.87 7.65 113.69 67.26 16.49 0.00 33.63 3.80 0.59
Sprayking Agro Equipment Ltd 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Poojawestern Metaliks Ltd 31.18 1.06 29.16 29.16 8.66 1.05 12.10 3.64 1.16

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

Plot # 6&7 Village Lakhabaval-,
Post Khodiyar Colony,
Jamnagar - 361006
Phone : +91-75750-20500 Email : cs@siyaramindustries.co.in www.siyaramindustries.co.in

Offer Related Information

Initial public offer of upto 49,92,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Siyaram Recycling Industries Limited (formerly known as Siyaram Impex Private Limited) ("The Company" or "SRIL" or "The Issuer") at an issue price of Rs. 46/- per equity share for cash, aggregating up to Rs. 22.96 crores ("Public Issue") out of which 2,52,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 46/- per equity share for cash, aggregating Rs. 1.16 crores... More

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