₹49.80 Crores | Listing at BSE, NSE | Thu, Jun 11, 2026 - Wed, Jun 24, 2026
Shah Metacorp Ltd Rights Issue comprises 10.25 Cr equity shares aggregating to ₹49.80 Cr, offered at an issue price of ₹4.86 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is May 27, 2026, with the Rights Issue being offered in the entitlement ratio of 36:311.
As per the terms of payment, ₹4.86 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 29, 2026.
The Rights Issue opens on Jun 11, 2026 and closes on Jun 24, 2026.
The deemed date of allotment is Jun 29, 2026, following which the equity shares are expected to be credited to demat accounts on Jun 29, 2026 and listed on NSE and BSE on Jun 30, 2026.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Shah Metacorp Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, May 27, 2026
Entitlement Ratio
36 : 311
Open Date
Thu, Jun 11, 2026
Close Date
Wed, Jun 24, 2026
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Income | 69.60 | 173.81 | 96.22 |
| Profit After Tax | 2.85 | 32.36 | 4.21 |
| NET Worth | 309.17 | 165.10 | 57.37 |
| Reserves and Surplus | 220.65 | 105.71 | 15.43 |
| Amount in ₹ Crore | |||
Shah Metacorp Limited is engaged in the manufacturing, processing, and sale of stainless steel and mild steel long products. The company primarily caters to industrial and infrastructure sectors with a range of steel products used in construction, engineering, and manufacturing applications. The company was formerly known as Gyscoal Alloys Limited and changed its name to Shah Metacorp Limited in 2023.
The company manufactures and supplies products such as stainless steel bars, flat bars, equal angle bars, bright bars, ingots, and mild steel products. It operates manufacturing facilities in Gujarat and also exports its products to international markets, focusing on quality and industrial-grade steel solutions.
Shah Metacorp Limited focuses on expanding its steel manufacturing capabilities, strengthening its dealer network, and improving product offerings to serve automotive, engineering, construction, and industrial customers. The company is headquartered in Ahmedabad, Gujarat, and operates in the materials and steel sector.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Providing Inter-Corporate Loans to Subsidiaries, Western Urja Private Limited and Metcorp Trading LLC, for meeting their business expansion | 337.62 |
| 2 | Equity Investment and Provision of Working Capital Loan to Shah Metacorp Holdings USA INC for International Expansion | 287.62 |
| 3 | Adjustment of Unsecured Loans of Ms. Mona Shah, Director and Promoter of the Company through conversion of the outstanding Loan to Equity against their Rights Entitlement | 1,537.15 |
| 4 | Augmenting the working capital base of the Company to meet its incremental working capital requirements | 1,616.92 |
| 5 | General Corporate Purposes | 1,173.49 |
| Total | 4,952.80 |
[Dilip Davda] This is the 2nd RI from the company since December 2022. SML posted Growth in its top lines for reported periods. It marked hefty gains for FY25 following exceptional items. The counter is kept above the RI price by vested interests to lure investors. There is no harm in skipping this pricey and dicey RI offer. Read detail review...
Shah Metacorp Rights Issue May 2026 got subscribed by 0.64 times by the end of the bidding period with total bid quantity received by BSE and NSE of 6,56,03,477 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Jun 24 2026 17:00:00 | 2,95,98,277 | 3,60,05,200 | 6,56,03,477 | 0.64x |
Shah Metacorp Ltd
Plot No 2/3 GIDC Ubkhal,
Kukarwada, Tal. Vijapur,
Dist. Mehsana, kukarwada
Mehsana, 382830
The Shah Metacorp Rights Issue May 2026 opens on Thu, Jun 11, 2026, and closes on Wed, Jun 24, 2026.
Shah Metacorp Rights Issue May 2026 Schedule
| Last Date for credit of Rights Entitlements | Fri, May 29, 2026 |
| Last Date for renunciation of Rights Entitlements | Fri, Jun 19, 2026 |
| Issue Opening Date | Thu, Jun 11, 2026 |
| Issue Closing Date | Wed, Jun 24, 2026 |
| Date of Allotment (on or about) | Mon, Jun 29, 2026 |
| Date of Credit (on or about) | Mon, Jun 29, 2026 |
| Date of Listing (on or about) | Tue, Jun 30, 2026 |
You can apply for Shah Metacorp Rights Issue May 2026 in two ways:
Steps to apply for Shah Metacorp Rights Issue May 2026 using Net Banking (ASBA)
Steps to apply for Shah Metacorp Rights Issue May 2026 using Registrar's website (R-WAP)
