Siyaram Recycling IPO Date: Siyaram Recycling Industries Limited (SRI) is a leading brass recycling and manufacturing company in India, poised to enter the public market with their IPO opening on December 14, 2023, and closing on December 18, 2023. This blog post provides a comprehensive overview of the Siyaram Recycling IPO, including date, price, GMP, review, and key details to help you decide whether to invest.
IPO Details
- IPO Date: December 14-18, 2023
- Offer Price: ₹43 – ₹46 per share
- Lot Size: 3,000 shares
- Minimum Investment: ₹138,000
- Listing Date: December 21, 2023
GMP and Market Sentiment
- Current GMP: ₹14
- Market Sentiment: Positive
Company Overview
- Established in 2007, headquartered in Jamnagar, Gujarat.
- Leading brass recycling and manufacturing company in India.
- Produces brass ingots, billets, rods, and various brass-based components.
- Serves a diverse clientele, including OEMs and distributors.
- Focuses on quality, customer satisfaction, and innovation.
Financials
- Consistent revenue growth and improving profitability.
- Healthy financial ratios and debt-free balance sheet.
- Well-positioned to benefit from the growing demand for brass products.
Investment Thesis
- Strong financial performance and promising future prospects.
- Reasonable IPO price band compared to the company’s financials.
- Good opportunity to diversify your portfolio and gain exposure to the growing Indian brass industry.
Investment Risks
- Short track record as a publicly listed company.
- Limited information available about the company’s future growth plans.
- Dependent on the overall economic conditions and the performance of the brass industry.
Before investing in the Siyaram Recycling IPO, it is crucial to
- Conduct thorough research and due diligence.
- Understand the company’s business model and future plans.
- Analyze the market sentiment and consider the risks involved.
- Consult with a financial advisor if necessary.
Overall, the Siyaram Recycling IPO presents a potentially rewarding investment opportunity for investors seeking exposure to the growing Indian brass industry. However, it is important to carefully consider the company’s short track record and the potential risks before making an investment decision.
Disclaimer
This blog post is intended for informational purposes only and should not be construed as financial advice. Please consult with a qualified financial advisor before making any investment decisions.
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