IPO : Siyaram Recycling Industries Limited
Siyaram Recycling Industries Limited IPO
| SYMBOL | SIYARAM |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Thursday, December 14, 2023 |
| ISSUE CLOSES ON | Monday, December 18, 2023 |
| ISSUE PRICE | ₹43 to ₹46 per share |
| ISSUE SIZE | Up to Rs.22.96 Crores |
| FACE VALUE | Rs.10 per share |
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.
Thank you for reading this post, don't forget to subscribe!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.
| MINIMUM BID | 3000 shares |
| MINIMUM AMOUNT | Rs.138,000 |
| MAXIMUM BID | 3000 shares |
| MAXIMUM AMOUNT | Rs.138,000 |
| LISTING DATE | Thursday, December 21, 2023 |
| LISTING AT | BSE-SME |
Siyaram Recycling IPO price band is set at ₹43 to ₹46 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹138,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹276,000.
Objects of the Issue (Siyaram Recycling IPO Objectives)
The details of the utilization of the Net Proceeds are set forth herein below:
Repayment of a portion of certain borrowing availed by the Company and
General Corprorate Purposes
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