31 Mar 2021
Assets98.24
Total Income139.73
Profit After Tax1.42
NET Worth35.54
Reserves and Surplus21.74
Total Borrowing29.32
At a glance
Updated 2026-09-15The shares listed at ₹55.00, a 19.57% move from the issue price. Siyaram Recycling is a SME IPO with an issue size of ₹22.96 crore, proposed for listing on BSE SME. The offer opens on 14th Dec 2023 and closes on 18th Dec 2023. The issue structure includes a fresh issue of ₹21.80 crore. The current listing schedule points to 21st Dec 2023.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹22.96 Cr
Fresh issue₹21.80 Cr
Face value₹10
Price band₹43.00–₹46.00
Allotment19th Dec 2023
Listing21st Dec 2023
Listing performance
Full performance ↗Issue price₹46.00
Listing price₹55.00
Current price—
Listing gain19.57%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹36.00
GMP / upper price78.26%
Est. listing₹82.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens14th Dec 2023
Closes18th Dec 2023
Allotment19th Dec 2023
Refund20th Dec 2023
Demat20th Dec 2023
Listing21st Dec 2023
Subscription demand
Full bidding ↗Total385.19×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3000 | ₹138,000 |
Company
Incorporated2007
Use of proceeds
| Object | Amount |
|---|---|
| Repayment of a portion of certain borrowing availed by the Company | ₹18.00 Cr |
| General Corporate Purposes | ₹2.36 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue497.86₹ Cr · +16.7% vs prior year
PAT7.65₹ Cr · +137.6% vs prior year
Assets151.36₹ Cr · +53.6% vs prior year
Net Worth46.42₹ Cr · +19.7% vs prior year
Borrowing67.07₹ Cr · +137.8% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets98.51
Total Income426.44
Profit After Tax3.22
NET Worth38.77
Reserves and Surplus24.96
Total Borrowing28.21
31 Mar 2023
Assets151.36
Total Income497.86
Profit After Tax7.65
NET Worth46.42
Reserves and Surplus32.62
Total Borrowing67.07
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS5.54
Pre-IPO P/E8.3
Post-IPO P/E10.9
Promoter holding pre96.06%
Promoter holding post70.55%
Market cap₹86.47 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Siyaram Recycling Industries IPO | — | 10.90 x | — | — |
| Baheti Recycling IPO | — | 13.55 x | — | — |
| Nupur Recyclers IPO | — | 4.70 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manager Fees | ₹0.26 Cr |
| Fees Payable to Registrar to the Issue | ₹0.05 Cr |
| Fees Payable for Advertising and Publishing Expenses | ₹0.15 Cr |
| Fees Payable to Regulators including Stock Exchanges | ₹0.20 Cr |
| Payment for Printing & Stationery, Postage, etc. | ₹0.02 Cr |
| Fees Payable to Legal Advisors | ₹0.02 Cr |
| Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses) | ₹1.90 Cr |
Registrar & lead managers
Registrar
Cameo Corporate Services Ltd.Lead managers
- Hem Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-15.
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