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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.

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

Shyam Metalics IPO Tentative Timetable

Shyam Metalics IPO opens on Jun 14, 2021, and closes on Jun 16, 2021. The Shyam Metalics IPO bid date is from Jun 14, 2021 10.00 A.M. to Jun 16, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jun 14, 2021
Closing Date Jun 16, 2021
Basis of Allotment Jun 21, 2021
Initiation of Refunds Jun 22, 2021
Credit of Shares to Demat Jun 23, 2021
Listing Date Jun 24, 2021

Shyam Metalics IPO Lot Size

The Shyam Metalics IPO 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
Retail (Min) 1 45 ₹13,770
Retail (Max) 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 Jun 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
Vote Here ...

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 share
Face Value ₹10 per 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

KFin Technologies 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 share. The minimum order quantity is 45 Shares.

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

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

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.
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Shyam Metalics IPO Message Board

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1102 Comments

504. Monster Zero |   Link |Jul 20, 2021 1:49:25 PM
IPO Guru IPO Guru (2500+ Posts, 2200+ 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 |Jul 20, 2021 1:48:44 PM
Top Contributor Top Contributor (300+ Posts)
Result impact
Shyam Metalics UP 7 % (460 Rs.)
502. Monster Zero |   Link |Jul 20, 2021 1:16:08 PM
IPO Guru IPO Guru (2500+ Posts, 2200+ 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 500...as 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 |Jul 20, 2021 1:25:22 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
THANK YOU Monster zero.
501. Monster Zero |   Link |Jul 20, 2021 12:56:19 PM
IPO Guru IPO Guru (2500+ Posts, 2200+ Likes)
Shyam metallics q1 2022
Revenue UP
PAT 17% UP q-o-q
EPS 19.43 from 16.6
501.1. DHARMENDRA SHARMA |   Link |Jul 20, 2021 1:07:06 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
DEAR MONSTER ZERO,
PLEASE ADVICE FOR SHYAM METALICS SALE OR NOT , 1 LOT STILL IN HAND
THANKS
500. Monster Zero |   Link |Jul 12, 2021 4:47:01 PM
IPO Guru IPO Guru (2500+ Posts, 2200+ 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 |Jul 20, 2021 12:00:29 PM
Top Contributor Top Contributor (300+ Posts)
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 |Jul 8, 2021 2:49:15 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Stellar Nos by Shyam Metalics
499.2. Sabarish R |   Link |Jul 8, 2021 3:04:42 PM
But still stock is falling??
499.3. Sabarish R |   Link |Jul 8, 2021 3:27:47 PM
Shyam metals sky rocketing
498. Sabarish R |   Link |Jul 7, 2021 5:18:42 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 |Jul 8, 2021 12:01:55 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
DO NOT EVEN THINK , THIS IS NOT INVESTMENT GRADE STOCK
RIDE THE WAVE
GET OUT IF IT CLOSES 20% FROM ATH ON FRIDAY WEEKLY CLOSING BASIS
498.2. Sabarish R |   Link |Jul 8, 2021 10:03:06 AM
Sure bro thanks for your advice
497. Monster Zero |   Link |Jul 7, 2021 3:25:47 PM
IPO Guru IPO Guru (2500+ Posts, 2200+ Likes)
New 52 week high today..... tomorrow will be bumper gains
496. Sabarish R |   Link |Jul 7, 2021 12:38:20 PM
At what time shyam metal results will be out tomorrow??
496.1. Monster Zero |   Link |Jul 7, 2021 12:59:15 PM
IPO Guru IPO Guru (2500+ Posts, 2200+ Likes)
You''ll know when the stock jumps 10-20%
496.2. Sabarish R |   Link |Jul 7, 2021 1:36:00 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 |Jul 7, 2021 10:27:41 AM
Gr infra or clean science which ipo is best to apply?
494. Monster Zero |   Link |Jul 6, 2021 12:58:23 PM
IPO Guru IPO Guru (2500+ Posts, 2200+ 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 |Jul 6, 2021 8:27:02 PM
Another 20 % means around 480??? I still holding one lot.. but thinking to exit at 450 around....
494.2. Sabarish R |   Link |Jul 7, 2021 10:22:56 AM
Am too still holding
Waiting for the results and check if they are giving any dividend or not
493. ssji |   Link |Jul 6, 2021 12:57:42 PM
Today it crossed Rs. 400 again after opening day how long this rally continues?
492. Alok Kashyap |   Link |Jul 6, 2021 10:09:37 AM
Does anyone know the ex dividend date of BPCL?
492.1. Monster Zero |   Link |Jul 6, 2021 12:44:55 PM
IPO Guru IPO Guru (2500+ Posts, 2200+ Likes)
What''s the point of that dividend if it''s going to get deducted from share price....plus the share is going down
491. DanB |   Link |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??
490. Appala |   Link |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?
489. Monster Zero |   Link |Jul 2, 2021 12:42:36 PM
IPO Guru IPO Guru (2500+ Posts, 2200+ 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 |Jul 1, 2021 10:36:51 AM
SMEL Q4 Results coming out on Jul 8. Happy !!
487. RamkiV |   Link |Jun 28, 2021 4:04:57 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 |Jun 30, 2021 8:43:28 PM
Yes..same thing happened with me..fund not unblocked yet in union bank
486. Arjun Rajkot |   Link |Jun 30, 2021 12:43:38 AM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
Keep adding Shyam !!

Soon 500 Rs coming... Nothing to worry
486.1. Sabarish R |   Link |Jun 30, 2021 10:21:08 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 |Jun 29, 2021 10:54:13 PM
Shyam metallics hold or sold any suggestions?