Shyam Metalics IPO date is 14 June and closes on 16 June 2021. The Shyam Metalics IPO to raise Rs.909 Crores via IPO (Rs.657 Crores Fresh Issue + Rs.252 Crores OFS).
Shyam Metalics and Energy Limited aka Shyam Metalics IPO is open on 14th June 2021 to 16th June 2021 as per the RHP filed. The company is a leading producer of integrated metal. They focus on ferro alloys and intermediate and long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products and wire rods. They are based in Kolkata and incorporated in 2002. The company offers wide range of intermediate and final products as well. They have good clients list like Jindal Stainless Limited, BHEL, SAIL, JSW Steel and more. They have international clients as well. The retail portion of the IPO is 35% while QIB is 50% and NII is 15%. Shyam Metalics IPO to list on NSE and BSE both the indices. Stay tuned for Shyam Metalics IPO details.
Important Details:
Shyam Metalics is one of the largest producers of ferro alloys in terms of installed capacity in India, as of February 2021. As of 31 March 2020, it was one of the leading players in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India. They have a partnership with 42 distributors to offer its products across 13 states and 1 union territory in India. They have 3 manufacturing plants located in Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal.
Shyam Metalics IPO Review
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Shyam Metalics IPO Date & Price Band
|
IPO Open |
14th June 2021 |
|
IPO Close |
16th June 2021 |
|
IPO Size |
Approx ₹909 Crores |
|
Fresh Issue |
Approx ₹657 Crores |
|
Offer for Sale |
Approx ₹252 Crores |
|
Face Value |
Rs.10 Per Equity Share |
|
Price Band |
Rs.303 to Rs.306 Per Share |
|
Listing on |
BSE & NSE |
|
Retail Portion |
35% |
|
Employee Disc |
Rs. 15 per share |
|
Equity |
- Shares |
Shyam Metalics IPO Market Lot
|
Minimum Lot Size |
Minimum - 45 Shares |
|
Minimum Amount |
Rs. 13,770/- |
|
Maximum Lot Size |
Maximum – 630 Shares |
|
Maximum Amount |
Rs.1,92,780/- |
Shyam Metalics IPO Allotment & Listing
|
Basis of Allotment |
21st June 2021 |
|
Refunds |
22nd June 2021 |
|
Credit to Demat Account |
23rd June 2021 |
|
Listing Date |
24th June 2021 |
Shyam Metalics Company Audited Financial Report Summery
|
|
Revenue |
Expense |
PAT |
Ratio(%) |
|
2018 |
Rs.3920.4 |
Rs.3405.5 |
Rs.521.9 |
13.31% |
|
2019 |
Rs.4684.6 |
Rs.3920.7 |
Rs.641.8 |
13.70% |
|
2020 |
Rs.4395.3 |
Rs.4099.9 |
Rs.340.8 |
7.75% |
|
2021-9M |
Rs.3995.6 |
Rs.3489.5 |
Rs.460.2 |
11.52% |
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, Toplight Mercantiles Private Limited
About Shyam Metalics
They are a leading integrated metal producing company based in India with a focus on Long Steel Products and Ferro Alloys. They have a consistent track record of delivering operating profitability, and since the commencement of their operations in Fiscal 2005, They have delivered a positive EBITDA in each of the Fiscals.
As of March 31, 2020, They were one of the leading players in terms of pellet capacity and the fourth largest player in the Sponge Iron industry in terms of sponge iron industry capacity in India (Source: CRISIL Report). They operate three manufacturing plants, one in Odisha and two in Theyst Bengal. The aggregate installed metal capacity of their manufacturing plants is 5.71 as of December 31, 2020(comprising intermediate and final products). Their manufacturing plants also include captive poTheyr plants with an aggregated installed capacity of 227 MW as of December 31, 2020 their Sambalpur manufacturing plant caters to customers in Southern and Theystern regions of India whereas their Jamuria and Mangalpur manufacturing plants caters to customers in Northern and Eastern regions of India.
They operate two "Ore to metal" integrated (forward and backward) steel manufacturing plants, one in Sambalpur, Odisha and one in Jamuria, Theyst Bengal which comprise of captive railway sidings, captive poTheyr plants, iron pellet, sponge iron, billet, TMT, wire rod and structural mills and Ferro alloy plants. They also operate a manufacturing plant in Mangalpur, Theyst Bengal which comprises sponge iron and Ferro alloy plants and a captive poTheyr plant.
Their integrated manufacturing plants are fungible by design, which insulates us from price volatility and provides us with the ability to quickly adapt to changing market conditions and shift their production and product offerings to meet the continuously changing market climate and optimize their operating margins. Their manufacturing plants primarily produce long steel products such as iron pellets, sponge iron, steel billets, TMT and structural products, and Ftrro alloys with a specific focus on high margin products such as customized billets and specialized Ferro alloys for special steel applications.
Their TMT and structural products are sold under the brand "SEL". They also undertake conversion of hot rolled coils to pipes, chrome ore to ferro chrome and manganese ore to silico manganese for an Indian steel conglomerate. They are in the process of further diversifying their product portfolio by entering into the segments of pig iron, ductile iron pipes and aluminium foil.
They are in the process of adding fresh capacities to their manufacturing plants and captive poTheyr plants and diversifying into related segments. Post completion of these capacity expansions the aggregate installed metal capacity of their manufacturing plants and Their captive poTheyr plants shall increase from 5.71 MTPA as of December 31, 2020 to 11.60 MTPA (comprising of intermediate and final products) and 227 MW to 357MW respectively. their product offerings cater to a mix of customers which consist of institutional customers and end consumers through their distribution network.
Shyam Metalics IPO Registrar
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Company Address
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 FAQs
What is Shyam Metalics IPO?
Shyam Metalics IPO is a main-board IPO. They are going to raise Rs.909 Crores via IPO. The issue is priced at Rs. 303 to 306 per equity share. The IPO to be listed on BSE & NSE.
When Shyam Metalics IPO will open for retail?
The IPO is to open on 14th June 2021 for Retail Investors and QIB, NII.
What is Shyam Metalics IPO Investors Quota?
The investors' quota for QIB-50%, NII-15%, and Retail 35%.
What is Shyam Metalics IPO Price Band?
Shyam Metalics IPO Price Band is Rs.303 to Rs.306.
What is Shyam Metalics IPO Minimum Lot Size?
The minimum apply is 45 Shares with Rs.13770.
What is Shyam Metalics IPO Allotment Date?
Shyam Metalics IPO allotment date is 21st June 2021.
What is Shyam Metalics IPO Listing Date?
Shyam Metalics IPO listing on NSE and BSE as on 24th June 2021.
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