Siyaram Recycling Industries Ltd. has announced public offering of 4992000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 36.00 per share. The gross proceeds of the issue are expected to be Rs 2,296.32 lakhs.
The company's initial public offer (IPO) will open on 14 December 2023 and is expected to close on 18 December 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 43.00-46.00 per share.
The IPO includes a fresh Issue of 4992000 Equity Shares of the Company at an price of Rs 46.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.
Siyaram Recycling Industries Ltd. anticipates using the proceeds of the issue for .
Hem Securities Ltd as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.