Mukul Agarwal Backed Siyaram Recycling Industries Gets Rs 5 Cr Order

New Delhi [India] October 23: Siyaram Recycling Industries’ revealed that it had received a purchase order for 100 tonnes of brass billets from M/s. Al Qaryan International, Dubai, with a total value of USD 590000 (about Rs 5.00 crore).

Recently the Board of Directors of Siyaram Recycling Industries Limited at its meeting held, on Saturday, October 5, 2024 approved fundraising through preferential issue of 30,00,000 fully paid up equity shares of face value of Rs. 10/- each at an issue price of 118/- per equity share for an aggregate amount of up to Rs. 35.40 Cr.

Additionally, subject to shareholder approval, the Board of Directors approved raising the company’s authorised share capital from Rs. 20,00,00,000/-divided into 2,00,00,000 shares of Rs. 10/-to Rs. 25,00,00,000/-divided into 2,50,00,000 shares of Rs. 10/-. On Friday, October 18, shares of Siyaram Recycling Industries, a small and medium-sized organisation (SME) owned by Mukul Agrawal, surged 6% to reach an all-time high of Rs 168 per share.

Since their debut in December of last year, shares of Siyaram Recycling Industries have experienced tremendous growth. The price band for the company’s initial public offering (IPO), which took place last year between December 14 and December 18, was between Rs 43 and Rs 46 per share. Among Dalal Street’s multibagger stocks in 2024 is Siyaram Recycling Industries, which has gone up from Rs 64.80 to Rs 165.75 in the market, yielding a multibagger return of 155.79% YTD.

Since its debut, the firm has rewarded its initial public offering (IPO) investors with multibagger returns, as the stock has provided an incredible 260% return over its issue price when compared to the current market price. Professional investor Mukul Agarwal has holding in Siyaram Recycling Industries since he participated in the company’s preferential issue, which took place on October 5, 2024, and was granted 22,00,000.00 shares amounting to Rs 25,96,00,000.00.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Related Posts

RCS and Google Wallet services launch on L&T Metro Rail Hyderabad Ltd

New Delhi [India] November 8: Powered by Billeasy and Route Mobile, L&T Hyderabad Metro commuters will now be able to book Digi-Tickets from RCS and store them directly on Google…

Photoquip’s Nanlite and Nanlux Lighting Captivate at Broadcast India Show 2024

Mumbai (Maharastra) [India],November 8: Photoquip, one of India’s premier lighting innovators, made waves at this year’s Broadcast India (BI) 2024 show with its high-performance Nanlite and Nanlux lighting solutions, solidifying…

You Missed

Enen Green: Enacting and Enhancing A Sustainable Future

  • November 7, 2024
Enen Green: Enacting and Enhancing A Sustainable Future

LANXESS India wins the ‘DigiTech Front Runner of the year’ FICCI Chemicals & Petrochemicals Award 2024

  • November 7, 2024
LANXESS India wins the ‘DigiTech Front Runner of the year’ FICCI Chemicals & Petrochemicals Award 2024

ACME Solar Holdings IPO Opens at Rs 2900 Crore Highlighting Strong Renewable Energy Market

  • November 7, 2024
ACME Solar Holdings IPO Opens at Rs 2900 Crore Highlighting Strong Renewable Energy Market

Svish Paves the Way for Sexual Health Awareness with New Isvish Delay Spray

  • November 6, 2024
Svish Paves the Way for Sexual Health Awareness with New Isvish Delay Spray

A Hassle-Free Custom Gifting Solution for the Corporate World, Trade Shows, and Events

  • November 6, 2024
A Hassle-Free Custom Gifting Solution for the Corporate World, Trade Shows, and Events

UAE’s ADGM Welcomes CyBirb as Blockchain Security Pioneer

  • November 6, 2024
UAE’s ADGM Welcomes CyBirb as Blockchain Security Pioneer