
Emerging SME Services · BSE
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.
Price Band
₹43 – ₹46
Issue Size
₹22.96 Cr
Lot Size
3000 shares
GMP
+78.3%
Est. Listing
₹82
at current GMP
Subscribed
385.26x
overall
Open
14 Dec 2023
Close
18 Dec 2023
Allotment
19 Dec 2023
Refund
20 Dec 2023
Demat Credit
21 Dec 2023
Listing
21 Dec 2023