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Shyam Metalics and Energy Limited IPO (Shyam Metalics IPO) Detail

June 14, 2021 - June 16, 2021

Shyam Metalics IPO is a book built issue of Rs 909.00 crores. The issue is a combination of fresh issue of Rs 657.00 crores and offer for sale of Rs 252.00 crores.

Shyam Metalics IPO bidding started from June 14, 2021 and ended on June 16, 2021. The allotment for Shyam Metalics IPO was finalized on Monday, June 21, 2021. The shares got listed on BSE, NSE on June 24, 2021.

Shyam Metalics IPO price band is set at ₹303 to ₹306 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹13,770.

The issue includes a reservation of up to 300,000 shares for employees offered at a discount of Rs 15 to the issue price.

Axis Capital Limited, ICICI Securities Limited, Iifl Securities Ltd, Jm Financial Limited and SBI Capital Markets Limited are the book running lead managers of the Shyam Metalics IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Shyam Metalics IPO RHP for detailed information.

Shyam Metalics IPO Details

IPO Date June 14, 2021 to June 16, 2021
Listing Date June 24, 2021
Face Value ₹10 per share
Price Band ₹303 to ₹306 per share
Lot Size 45 Shares
Total Issue Size[.] shares
(aggregating up to ₹909.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹657.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹252.00 Cr)
Employee Discount Rs 15 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Shyam Metalics IPO Reservation

Shyam Metalics IPO offers 21,090,890 shares. 5,940,889 (28.17%) to QIB, 4,455,000 (21.12%) to NII, 10,395,001 (49.29%) to RII, 300,000 (1.42%) to employees. 231,000 RIIs will receive minimum 45 shares and (sNII) and (bNII) will receive minimum 675 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered5,940,889 (28.17%)NA
NII (HNI) Shares Offered4,455,000 (21.12%)
Retail Shares Offered10,395,001 (49.29%)231,000
Employee Shares Offered300,000 (1.42%)NA
Total Shares Offered21,090,890 (100%)

Shyam Metalics IPO Timeline (Tentative Schedule)

Shyam Metalics IPO opens on June 14, 2021, and closes on June 16, 2021.

IPO Open Date Monday, June 14, 2021
IPO Close Date Wednesday, June 16, 2021
Basis of Allotment Monday, June 21, 2021
Initiation of Refunds Tuesday, June 22, 2021
Credit of Shares to Demat Wednesday, June 23, 2021
Listing Date Thursday, June 24, 2021
Cut-off time for UPI mandate confirmation 5 PM on June 16, 2021

Shyam Metalics IPO Lot Size

Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 45 ₹13,770
Retail (Max) 14 630 ₹192,780
Lot Size Calculator

Shyam Metalics IPO Promoter Holding

Mahabir Prasad Agarwal, Brij Bhushan Agarwal, Sanjay Kumar Agarwal, Subham Capital Private Limited, Subham Buildwell Private Limited, Narantak Dealcomm Limited, Kalpataru Housefin & Trading Private Limited, Dorite Tracon Private Limited, and Toplight Mercantiles Private Limited are the company promoters.

Share Holding Pre Issue 100%
Share Holding Post Issue 88.35%

About Shyam Metalics and Energy Limited

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

  • Leading integrated metal producer in India.
  • Strategically located manufacturing plants with a robust infrastructure.
  • Diversified product portfolio.
  • Strong financial performance and distribution network.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 51,051.47 52,037.88 40,524.34 34,706.28
Total Revenue 39,956.32 43,953.02 46,845.60 39,203.99
Profit After Tax 4,563.21 3,403.29 6,367.83 5,280.39

Objects of the Issue (Shyam Metalics IPO Objectives)

The IPO proceed will be used towards the following purposes;

  • Repayment and/or pre-payment of company and its subsidiary (SSPL)'s debt fully or partially.
  • General corporate purposes.

Shyam Metalics IPO Review (May apply)

[Dilip Davda]  Currently, investors have a fancy for metal counters. SMEL being one of the major players is coming out with its maiden offer at a fully priced offer. Investors may consider an investment with a long term perspective. Read detail review...

Shyam Metalics IPO Subscription Status (Bidding Detail)

The Shyam Metalics IPO is subscribed 121.43 times on June 16, 2021 5:00:00 PM. The public issue subscribed 11.64 times in the retail category, 155.71 times in the QIB category, and 339.98 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Shyam Metalics IPO Prospectus

Shyam Metalics IPO Rating

Rating:Rated 4.0 stars
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Shyam Metalics IPO Listing Details

Listing Date June 24, 2021
BSE Script Code 543299
ISIN INE810G01011
Final Issue Price ₹306 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Shyam Metalics and Energy Limited Contact Details

Shyam Metalics and Energy Limited
Trinity Tower, 7th Floor, 83,
Topsia Road, Kolkata – 700046, India

Phone: +91 33 4016 4000

Shyam Metalics IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Shyam Metalics IPO FAQs

Shyam Metalics IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹909.00 Crores. The issue is priced at ₹303 to ₹306 per share. The minimum order quantity is 45 Shares.

The IPO opens on June 14, 2021, and closes on June 16, 2021.

Kfin Technologies Limited 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Shyam Metalics IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Shyam Metalics IPO opens on June 14, 2021 and closes on June 16, 2021.

Shyam Metalics IPO lot size is 45 Shares, and the minimum amount required is ₹13,770.

You can apply in Shyam Metalics IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 Wednesday, June 23, 2021. Check the Shyam Metalics IPO allotment status.

The Shyam Metalics IPO listing date is on June 24, 2021.
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Shyam Metalics IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



504. Monster Zero |   Link |  Bookmark |July 20, 2021 12:49:25 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
It''s very tough to hold you shares when you see 5% 10% rise in one day...but people market is falling and share is rising....Imagine what will happen when market is also rising...
503. MAPatel |   Link |  Bookmark |July 20, 2021 12:48:44 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Result impact
Shyam Metalics UP 7 % (460 Rs.)
502. Monster Zero |   Link |  Bookmark |July 20, 2021 12:16:08 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
People asking whether to sell or to hold ..
I say hold because even in the falling market the share is holding it''s value. Opinions are personal..
I''m waiting for it to go beyond the Financials are consistent and a dividend of 2.7 Rs is on it''s way.
Also i hold 95 shares.....2 lot+
502.1. DHARMENDRA SHARMA |   Link |  Bookmark |July 20, 2021 12:25:22 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
THANK YOU Monster zero.
501. Monster Zero |   Link |  Bookmark |July 20, 2021 11:56:19 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Shyam metallics q1 2022
Revenue UP
PAT 17% UP q-o-q
EPS 19.43 from 16.6
501.1. DHARMENDRA SHARMA |   Link |  Bookmark |July 20, 2021 12:07:06 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
500. Monster Zero |   Link |  Bookmark |July 12, 2021 3:47:01 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Shyam metalics and energy limited
Quarter 1 2021-2022 results to be announced on 20th july 2021.
Keep an eye investors.
500.1. MAPatel |   Link |  Bookmark |July 20, 2021 11:00:29 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
What will you think about this stock ?
how will be the result and after that how will this stock perform ?
Please reply I have still hold 1 lot of IPO
499. GrowYourMoney |   Link |  Bookmark |July 8, 2021 1:49:15 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Stellar Nos by Shyam Metalics
499.2. Sabarish R |   Link |  Bookmark |July 8, 2021 2:04:42 PM
But still stock is falling??
499.3. Sabarish R |   Link |  Bookmark |July 8, 2021 2:27:47 PM
Shyam metals sky rocketing
498. Sabarish R |   Link |  Bookmark |July 7, 2021 4:18:42 PM
Can we hold shyam metals for long term?
As it is a commodity stock I am lil bit confused need some advise ! What are your views?
498.1. BubbleBoy |   Link |  Bookmark |July 7, 2021 11:01:55 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
498.2. Sabarish R |   Link |  Bookmark |July 8, 2021 9:03:06 AM
Sure bro thanks for your advice
497. Monster Zero |   Link |  Bookmark |July 7, 2021 2:25:47 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
New 52 week high today..... tomorrow will be bumper gains
496. Sabarish R |   Link |  Bookmark |July 7, 2021 11:38:20 AM
At what time shyam metal results will be out tomorrow??
496.1. Monster Zero |   Link |  Bookmark |July 7, 2021 11:59:15 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
You''ll know when the stock jumps 10-20%
496.2. Sabarish R |   Link |  Bookmark |July 7, 2021 12:36:00 PM
Haha yes waiting for that jump from the listing day to see some good gains..
Is it good to hold for long term?? Or to sell after the q4 results?
495. Sabarish R |   Link |  Bookmark |July 7, 2021 9:27:41 AM
Gr infra or clean science which ipo is best to apply?
494. Monster Zero |   Link |  Bookmark |July 6, 2021 11:58:23 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Anyone still holding the lot????
It has new 52 week high today...
Expecting another 20% from here after 8th july.
494.1. BK Prajapati |   Link |  Bookmark |July 6, 2021 7:27:02 PM
Another 20 % means around 480??? I still holding one lot.. but thinking to exit at 450 around....
494.2. Sabarish R |   Link |  Bookmark |July 7, 2021 9:22:56 AM
Am too still holding
Waiting for the results and check if they are giving any dividend or not
493. ssji |   Link |  Bookmark |July 6, 2021 11:57:42 AM
Today it crossed Rs. 400 again after opening day how long this rally continues?
492. Alok Kashyap |   Link |  Bookmark |July 6, 2021 9:09:37 AM
Does anyone know the ex dividend date of BPCL?
492.1. Monster Zero |   Link |  Bookmark |July 6, 2021 11:44:55 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
What''s the point of that dividend if it''s going to get deducted from share the share is going down
491. DanB |   Link |  Bookmark |July 4, 2021 12:37:07 PM

I applied for 50Lakhs Ruppees in NII category. But was rejected. I applied for 2025 shares ( in my wife’s name) i.e. for 619650/- and was allotted 1 lot.
But neither of our names feature in the allotment document? How exactly does this work??
490. Appala |   Link |  Bookmark |July 3, 2021 6:04:33 PM
I applied for Shyam Metallics IPO through Zerodha which is linked through Phonepe to my UPI Bank acct

I was not allotted any shares and the amount is still blocked and not released.

Who do I need to write and escalate to?
489. Monster Zero |   Link |  Bookmark |July 2, 2021 11:42:36 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Dear Sir/ Madam, Sub: Notice of Board Meeting A meeting of the Board of Directors of Shyam MetalicsAnd Energy Limited(the ‘Company’) will be held on Thursday, July 08, 2021 to consider and take on record, inter-alia, the audited financial results (both standalone and consolidated) of the Company for the quarter and financial year ended March 31, 2021and also consider recommending dividend, if any, for the financial year ended March 31, 2021. This notice is being submitted pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. Further, in accordance with the Company''s Code for Prevention of Insider Trading, the Trading Window for dealing in the Company''s securities has been closed from Thursday, July 01, 2021 and will open 48 hours after the financial results for quarter ended June are declared to the Stock Exchanges. This is for your kind information and records. Thanking you,
488. master p |   Link |  Bookmark |July 1, 2021 9:36:51 AM
SMEL Q4 Results coming out on Jul 8. Happy !!
487. RamkiV |   Link |  Bookmark |June 28, 2021 3:04:57 PM
I applied for Shyam Metallics IPO through Zerodha which is linked through Google pay to my UPI Bank acct

I was not allotted any shared and the amount is still blocked and not released.

Who do I need to write and escalate to?
487.1. Zub |   Link |  Bookmark |June 30, 2021 7:43:28 PM
Yes..same thing happened with not unblocked yet in union bank
486. Arjun Rajkot |   Link |  Bookmark |June 29, 2021 11:43:38 PM
IPO Guru IPO Guru (1000+ Posts, 1900+ Likes)
Keep adding Shyam !!

Soon 500 Rs coming... Nothing to worry
486.1. Sabarish R |   Link |  Bookmark |June 30, 2021 9:21:08 AM
Thanks for the info bro..
I am still holding ... Waiting for the price to boom..
Also Shyam haven''t declared their q4 results ryt??
485. MEHTAG |   Link |  Bookmark |June 29, 2021 9:54:13 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Shyam metallics hold or sold any suggestions?