Bookbuilding IPO | ₹909 Cr | Listed at BSE, NSE | Mon, Jun 14, 2021 - Wed, Jun 16, 2021
Shyam Metalics IPO is a book build issue of ₹908.80 crores. The issue is a combination of fresh issue of 2.15 crore shares aggregating to ₹656.85 crores and offer for sale of 0.82 crore shares aggregating to ₹251.94 crores.
Shyam Metalics IPO bidding started from Jun 14, 2021 and ended on Jun 16, 2021. The allotment for Shyam Metalics IPO was finalized on Jun 21, 2021. The shares got listed on NSE and BSE on Jun 24, 2021.
Shyam Metalics IPO is set final issue price at ₹306 per share. The lot size for an application is 45 shares. The minimum amount of investment required by an individual investor (retail) is ₹13,770 (45 shares) (based on upper price). The lot size investment for sNII is 15 lots (675 shares), amounting to ₹2,06,550, and for bNII, it is 73 lots (3,285 shares), amounting to ₹10,05,210.
The issue includes a reservation of up to 3,00,000 shares for employees offered at a discount of ₹15.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Shyam Metalics IPO RHP for detailed Information.
IPO Open
Mon, Jun 14, 2021
IPO Close
Wed, Jun 16, 2021
Issue Price
₹306 per share
Market Cap (Pre-IPO)
₹7,805.47 Cr
| IPO Date | 14 to 16 Jun, 2021 |
| Listed on | Thu, Jun 24, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹303 to ₹306 |
| Issue Price | ₹306 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹15.00 |
| Total Issue Size | 2,97,05,880 shares (agg. up to ₹909 Cr) |
| Fresh Issue | 2,14,70,588 shares (agg. up to ₹657 Cr) |
| Offer for Sale | 82,35,292 shares of ₹10 (agg. up to ₹252 Cr) |
| Share Holding Pre Issue | 23,36,10,100 shares |
| Share Holding Post Issue | 25,50,80,688 shares |
| BSE Script Code / NSE Symbol | 543299 / SHYAMMETL |
| ISIN | INE810G01011 |
Shyam Metalics IPO comprises a total issue size of 2,97,05,880 shares. The net offer to the public is 2,94,05,880 shares, after excluding 3,00,000 shares under a preferential allotment. Of the Net offer 1,47,02,940 (50.00%) are allocated to QIB, 44,10,882 (15.00%) allocated to NII 1,02,92,058 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,47,02,940 | 50.00% | 49.50% | NA |
| − Anchor Investor Shares Offered | 88,21,764 | 29.70% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 58,81,176 | 19.80% | NA | |
| NII (HNI) Shares Offered | 44,10,882 | 15.00% | 14.85% | NA |
| Retail Shares Offered | 1,02,92,058 | 35.00% | 34.65% | 2,28,712 |
| Preferential Reservations | ||||
| Employee Shares Offered | 3,00,000 | 1.01% | NA | |
| Total Shares Offered | 2,97,05,880 | 100.00% | 100.00% | |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹13,770 |
| Retail (Max) | 14 | 630 | ₹1,92,780 |
| S-HNI (Min) | 15 | 675 | ₹2,06,550 |
| S-HNI (Max) | 72 | 3,240 | ₹9,91,440 |
| B-HNI (Min) | 73 | 3,285 | ₹10,05,210 |
Shyam Metalics IPO raises ₹269.95 crore from anchor investors. Shyam Metalics IPO Anchor bid date is June 11, 2021.
| Bid Date | Fri, Jun 11, 2021 |
| Shares Offered | 88,21,764 |
| Anchor Portion (₹ Cr.) | 269.95 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jul 21, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Sep 19, 2021 |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 2002, Shyam Metalics and Energy Limited (SMEL) is India's leading integrated metal producer company. The company is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. As of February 2021, it is among India's largest producers of ferro alloys in terms of installed capacity and the fourth-largest player in the sponge iron industry.
The company serves institutional customers and end-users. Jindal Stainless Limited, Rimjhim Ispat Limit are some of its domestic clients whereas Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM GLobal Resources, Vijayshri Steel Pvt Ltd, etc. are the international clients. The company has a partnership with 42 distributors to offer its products across 13 states and 1 union territory.
Currently, the firm has 3 manufacturing plants located in Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal. As of Dec 31, 2020, its manufacturing units have an aggregated installed metal capacity of 5.71 million tonnes per annum. The company is looking to expand its capacity from 5.71 MTPA to 11.60 NTPA by 2025. The Sambalpur and Jamuria plants are integrated steel manufacturing plants that produce captive railway sidings, captive power plants, iron pellet, sponge iron, bilet, thermo mechanically treated (TMT), wire rod, and structural mills, and ferro alloys plants. Further, its manufacturing facility at Mangalpur comprises sponge iron and ferro alloy plants, and a captive power plant.
Competitive Strengths
| Period Ended | 31 Dec 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 5,105.15 | 5,203.79 | 4,052.43 | 3,470.63 |
| Total Income | 3,995.63 | 4,395.30 | 4,684.56 | 3,920.40 |
| Profit After Tax | 456.32 | 340.33 | 636.78 | 528.04 |
| EBITDA | 7,717.32 | 634.05 | 956.78 | 714.87 |
| NET Worth | 3,285.28 | 2,825.98 | 2,489.66 | 1,853.99 |
| Reserves and Surplus | 2,014.60 | 1,780.36 | 1,543.38 | 1,189.83 |
| Total Borrowing | 886.29 | 1,330.48 | 722.11 | 564.10 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment of debt of our Company and SSPL, one of our Subsidiaries | 470.00 |
| 2 | General corporate purposes | 149.72 |
The Shyam Metalics IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 84.58 | 2,97,05,880 | 2,51,24,39,820 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting commission) | 26.80 |
| 2 | Selling commission and processing fees for SCSBs and members of the Syndicate(1)(2) and Bidding Charges(3)(4)for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 6.07 |
| 3 | Fees payable to the Registrar to the Offer | 0.13 |
| 4 | Listing fees, SEBI filing fees, book building software fees and other regulatory expenses | 3.28 |
| 5 | Printing and stationery expenses, advertising and marketing expenses for the Offer and fees payable to the legal counsels | 9.07 |
| 6 | Other Advisors to the Offer | 3.44 |
| 7 | Miscellaneous (Listing fees, Audit Fees, Demat Charges, Others) | 2.19 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹306.00 | ₹306.00 |
| Open | ₹367.00 | ₹380.00 |
| Low | ₹367.00 | ₹370.00 |
| High | ₹399.10 | ₹399.00 |
| Last Trade | ₹375.85 | ₹376.15 |
Lead Manager Reports
Shyam Metalics IPO is a main-board IPO of 2,97,05,880 equity shares of the face value of ₹10 aggregating up to ₹909 Crores. The issue is priced at ₹306 per share. The minimum order quantity is 45.
The IPO opens on Mon, Jun 14, 2021, and closes on Wed, Jun 16, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shyam Metalics IPO using UPI as a payment gateway. Zerodha customers can apply in Shyam Metalics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shyam Metalics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shyam Metalics IPO opens on Mon, Jun 14, 2021 and closes on Wed, Jun 16, 2021.
Shyam Metalics IPO lot size is 45, and the minimum amount required for application is ₹13,770.
You can apply in Shyam Metalics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shyam Metalics IPO will be done on Monday, June 21, 2021, and the allotted shares will be credited to your demat account by Wed, Jun 23, 2021. Check the Shyam Metalics IPO allotment status.
The Shyam Metalics IPO listing date is on Thu, Jun 24, 2021.
