Siyaram Recycling Industries Ltd - IPO

Siyaram Recycling Industries Ltd IPO Details

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

Objective of issue

Repayment of s portion of certain borrowings availed by the company. General corporate purposes.

Siyaram Recycling Industries Ltd Contact Details

Siyaram Recycling Industries Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@siyaramindustries.co.in

Website - www.siyaramindustries.co.in