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

Jun 14, 2021 - Jun 16, 2021

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.
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Company Promoters:

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.

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:

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 Details

IPO Opening Date Jun 14, 2021
IPO Closing Date Jun 16, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹303 to ₹306 per equity share
Market Lot 45 Shares
Min Order Quantity 45 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹909.00 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹657.00 Cr)
Offer for Sale[.] Eq Shares of ₹10
(aggregating up to ₹252.00 Cr)
Employee Discount 15

Shyam Metalics IPO Tentative Timetable

The Shyam Metalics IPO open date is Jun 14, 2021, and the close date is Jun 16, 2021. The issue may list on Jun 24, 2021.

IPO Open Date Jun 14, 2021
IPO Close Date Jun 16, 2021
Basis of Allotment Date Jun 21, 2021
Initiation of Refunds Jun 22, 2021
Credit of Shares to Demat Account Jun 23, 2021
IPO Listing Date Jun 24, 2021

Shyam Metalics IPO Lot Size

The Shyam Metalics IPO market lot size is 45 shares. A retail-individual investor can apply for up to 14 lots (630 shares or ₹192,780).

Application Lots Shares Amount (Cut-off)
Minimum 1 45 ₹13,770
Maximum 14 630 ₹192,780

Shyam Metalics IPO Promoter Holding

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

Shyam Metalics IPO Review

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 6/16/2021 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)
QIB155.71
NII339.98
Retail11.64
Employee1.55
Total121.43

Shyam Metalics IPO Prospectus

Shyam Metalics IPO Rating

2264
4.0
Rating:Rated 4.0 stars
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Shyam Metalics IPO Listing Date

Listing Date Thursday, June 24, 2021
BSE Script Code 543299
NSE Symbol SHYAMMETL
Listing In
ISIN INE810G01011
IPO Price ₹306 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹306.00
₹367.00
₹367.00
₹399.10
₹375.85
NSE
₹306.00
₹380.00
₹370.00
₹399.00
₹376.15

Company Contact Information

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

Phone: +91 33 4016 4000
Email: compliance@shyamgroup.com
Website: http://www.shyammetalics.com/

Shyam Metalics IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

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 equity share. The minimum order quantity is 45 Shares.

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

KFintech Private 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 Jun 14, 2021 and closes on Jun 16, 2021.

Shyam Metalics IPO lot size is 45 Shares and the minimum order quantity is 45 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Shyam Metalics IPO will be done on Jun 21, 2021, and the allotted shares will be credited to your demat account by Jun 23, 2021. Check the Shyam Metalics IPO allotment status.

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

Shyam Metalics IPO Message Board

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761 Comments

346. GrowYourMoney |Jul 8, 2021 2:49:15 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Stellar Nos by Shyam Metalics
346.4. Anmish |Jul 12, 2021 12:24:10 AM
Linkintime me 3rd party not allowed
346.5. Ankur Goel |Jul 12, 2021 12:34:04 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Third is allowed everywhere. No issue. I even got third party allotment in LinkInTime. Only problem is that allotment success is very low in case of LinkInTime for third party applications. I got 1 out 20+ from LinkInTime.
345. DanB |Jul 4, 2021 1:37:07 PM
Hi,

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??
344. Appala |Jul 3, 2021 7:04:33 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?
343. Monster Zero |Jul 2, 2021 12:42:36 PM
IPO Mentor IPO Mentor (800+ Posts, 300+ 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,
342. master p |Jul 1, 2021 10:36:51 AM
SMEL Q4 Results coming out on Jul 8. Happy !!
341. Arjun Rajkot |Jun 30, 2021 12:43:38 AM
Top Contributor Top Contributor (300+ Posts, 700+ Likes)
Keep adding Shyam !!

Soon 500 Rs coming... Nothing to worry
340. MEHTAG |Jun 29, 2021 10:54:13 PM
Shyam metallics hold or sold any suggestions?
339. Sunny Sen |Jun 29, 2021 4:21:39 PM
https://www.moneycontrol.com/news/business/markets/metal-stocks-top-gainers-in-first-half-of-2021-can-outperformance-continue-7097881.html....

Boom Boom metal sector..buy Shyam metalics rit now...according to me..
339.1. Dr Arora |Jul 1, 2021 3:49:38 PM
You have to take into consideration the rejected and withdrawn bids.
I applied for 50 lots i.e. 2500 shares (740000) and am allotted 1 lot ( 50 shares)
338. CSK |Jun 24, 2021 12:34:09 PM
Perfect Predication Chem Cho !!!!.. Hats off
337. Arjun Lakra |Jun 26, 2021 9:31:53 AM
allotment nahi hua hai, to fund refund kab tak hoga ???????
336. Gourav Kukreja |Jun 21, 2021 10:49:55 PM
0/14 application
Don''t know how is it possible
335. Virat Kohli |Jun 25, 2021 2:15:41 PM
Dear EE / Seniors ............share your opinion of SARDA ENERGY and ORISSA MINERAL ...........thanks in advance
334. rsk |Jun 24, 2021 12:08:56 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Vice Chair and MD sent welcome note email to shareholders. Unique gesture.

333. AKH |Jun 24, 2021 10:49:15 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
SONACOMS will surprise everyone
332. Faizan |Jun 24, 2021 11:32:00 AM
OMG. I applied in this as HNI 81 lots, didn''t got any. Skipped Sona comstar. If i would have applied as HNI in sona comstar and got 10% return, as it is now up 13%. I would have been rich. So rich that i could leave my job today.
331. Dr.strange |Jun 24, 2021 6:13:49 PM
Out of box question

How much rs of final dividend can we expect in IRFC ?
330. Jiostocks |Jun 24, 2021 5:59:00 PM
Quarterly Results : Due to IPO process, Shyam valuations are based on December 20 quarter results and now after listing they need to declare March quarter results. We all know, how good are the March quarter results for steel companies. Hence Shyam will also rock after the results. It should reach minimum ₹500/-. So hold tight and don’t sell till the results are announced.
329. sher khan |Jun 24, 2021 5:22:05 PM
जिन्होंने श्याम मेटेलिक को 130-140 प्रीमियम पर लिया ग्रे मार्किट में वो सब अब क्या करेंगे....क्या वो लोस बुक करेंगे..?इसका जवाब है नही....शेअर कमजोर हाथो से निकाल लिया गया और अब आगे देखो ये कैसे 550 पर पहुँचता है.....Hold tight.
328. Godhaji |Jun 24, 2021 1:17:11 PM
What would be the target of shyam matelic in 1 month?
I bought 70 shares at an average of 389

Genuine suggestions 🙏
327. Chem cho |Jun 24, 2021 1:08:09 PM
IPO Guru IPO Guru (2200+ Posts, 2300+ Likes)
ALL weak hands in shyam are out some buying is seen in @ Rs 375 to rs 380 at 12 pm
but sona is in upper curcuit , there are still weak hands in sona so the curcuit may open
but this is to inform you
but my listing advise is firm
consult your advisor
327.4. sdz |Jun 25, 2021 4:28:37 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
27x, 30x & 11x @ 3.30pm
327.5. VMARU |Jun 25, 2021 7:51:10 PM
Top Contributor Top Contributor (200+ Posts)
QIB 90% as expected.
NII only 50%. Avalanche never happened towards the end.
Better company then Shyam till HNI kept away to some extent.