{"id":4976,"date":"2023-12-14T15:13:25","date_gmt":"2023-12-14T09:43:25","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4976"},"modified":"2024-08-28T12:20:23","modified_gmt":"2024-08-28T06:50:23","slug":"ipo-siyaram-recycling-industries-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-siyaram-recycling-industries-limited\/","title":{"rendered":"IPO : Siyaram Recycling Industries Limited"},"content":{"rendered":"

Siyaram Recycling Industries Limited IPO<\/h1>\n
\n\n\n\n\n\n\n\n\n\n
\u00a0SYMBOL<\/strong><\/td>\nSIYARAM<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nBook Built Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nThursday, December 14, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nMonday, December 18, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\n\u20b943 to \u20b946 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs.22.96 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.10 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Siyaram Recycling IPO is a book built issue of Rs 22.96 crores. The issue is entirely a fresh issue of 49.92 lakh shares.<\/strong><\/p>\n

Siyaram Recycling IPO opens for subscription on December 14, 2023 and closes on December 18, 2023. The allotment for the Siyaram Recycling IPO is expected to be finalized on Tuesday, December 19, 2023. Siyaram Recycling IPO will list on BSE SME with tentative listing date fixed as Thursday, December 21, 2023.<\/strong><\/p>\n\n\n\n\n\n\n\n\n
\u00a0MINIMUM BID<\/strong><\/td>\n3000 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.138,000<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM BID<\/strong><\/td>\n3000 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.138,000<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING DATE<\/strong><\/td>\nThursday, December 21, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING AT<\/strong><\/td>\nBSE-SME<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Siyaram Recycling IPO price band is set at \u20b943 to \u20b946 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is \u20b9138,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to \u20b9276,000.<\/strong><\/p>\n

Objects of the Issue (Siyaram Recycling IPO Objectives)<\/h4>\n

The details of the utilization of the Net Proceeds are set forth herein below:<\/strong><\/p>\n

Repayment of a portion of certain borrowing availed by the Company and<\/strong><\/p>\n

General Corprorate Purposes<\/strong><\/p>\n