Siyaram Recycling Industries Ltd.

Incorporated in 2007, Siyaram Recycling Industries Ltd's main activities include the separation of brass scrap, the manufacture of brass ingots, billets and rods as well as the production of brass-based components, in particular parts for sanitary installations. All these activities take place in three plants in Jamnagar district, a major centre for brass components.The production of brass billets and ingots, brass rods and plumbing parts is carried out in Unit I, which occupies an area of 4970 square meters. In Unit II, which covers 3629 square meters, brass sanitary parts are manufactured. Finally, Unit III, which covers an area of 3346 square meters, is mainly used for the separation of scrap. The area of 366 square meters is primarily used for the separation of scrap.In 2023, revenue from operations amounted to 492.87 million. Around 67.06% of this revenue was generated on the domestic market, while 32.94% was generated on international markets.The company distributes its products in around 18 states and Union Territories in India, with the majority of its revenue coming from Gujarat. The company's products are exported to countries such as China, Germany, Belgium and Oman.In FY2023, Gujarat accounted for 56.40% of operating revenue, while Madhya Pradesh contributed 5.25%, Punjab 2.03% and Rajasthan 1.41%.

Siyaram Recycling Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects: