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IPO Synopsis

Siyaram Recycling Industries Ltd
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 will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e., issue of 47,40,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 46/- per equity share for cash, aggregating upto Rs. 21.80 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.56% and 25.22% respectively of the post-issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment
Issue
Opens On Closes On
14-Dec-23 18-Dec-23
Money Payable On
Application Allotment
46.00 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 20.36 Hem Securities Ltd
Project Financed through Current Offer (.Cr) 22.96  
Post Issue Equity Share Capital (.Cr) 18.80
Issue Price () 46.00
Projects
Repayment of s portion of certain borrowings availed by the company
General corporate purposes
Promoted By
Dwarkadhish Ventures Pvt Ltd
Ramgopal Ochhavlal Maheshwari
Bhavesh Ramgopal Maheshwari
Listing At
BSE - SME
Registrar to the Issue
No Data Available
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