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 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 DateJun 14, 2021
IPO Closing DateJun 16, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹303 to ₹306 per equity share
Market Lot45 Shares
Min Order Quantity45 Shares
Listing AtBSE, 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 Discount15

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 DateJun 14, 2021
IPO Close DateJun 16, 2021
Basis of Allotment DateJun 21, 2021
Initiation of RefundsJun 22, 2021
Credit of Shares to Demat AccountJun 23, 2021
IPO Listing DateJun 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum145₹13,770
Maximum14630₹192,780

Shyam Metalics IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding88.35%

Shyam Metalics IPO Subscription Status (Bidding Detail)

The Shyam Metalics IPO is subscribed 121.43x times on Jun 16, 2021 17:00. The public issue subscribed 11.64x in the retail category, 155.71x in the QIB category, and 339.98x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

155.71x

NII

339.98x

RII

11.64x

Employee

1.55x

Total

121.43x

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 DateThursday, June 24, 2021
BSE Script Code543299
NSE SymbolSHYAMMETL
Listing In
ISININE810G01011
IPO Price₹306 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹306.00
₹367.00
₹367.00
₹399.10
₹375.85
1,973,733
NSE
₹306.00
₹380.00
₹370.00
₹399.00
₹376.15
27,035,744

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
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

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

Shyam Metalics IPO FAQs

  1. What is Shyam Metalics IPO?

    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.

  2. How to apply in Shyam Metalics IPO through Zerodha?

    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.

  3. When Shyam Metalics IPO will open?

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

  4. What is the lot size of Shyam Metalics IPO?

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

  5. How to apply for Shyam Metalics IPO?

    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.

  6. When Shyam Metalics IPO allotment?

    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.

  7. When is Shyam Metalics IPO listing date?

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

Shyam Metalics IPO Message Board

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