
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
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹46
Band: ₹43 – ₹46
Estimated Listing Price
₹82
Upper price + GMP
Lot Size
3000 shares
Min investment ₹1,38,000
Estimated Profit / Lot
₹1,08,000
3000 × ₹36
Grey Market Premium trend
+₹36
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹36 | 78.3% | ₹82 |
| 30 Oct 2026 | +₹36 | 78.3% | ₹82 |
| 29 Oct 2026 | +₹32 | 70.4% | ₹78 |
GMP is unofficial market data. Not a guarantee of listing performance.
Siyaram Recycling Industries Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹22.96 Crores. The shares are offered at a price band of ₹43 to ₹46 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-12-18, the basis of allotment is scheduled to be finalized on 2023-12-19. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Cameo Corporate Services Limited) or the BSE allotment checking window.
The latest grey market premium for Siyaram Recycling Industries Limited IPO is ₹36, which indicates an expected listing price of ₹82.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.