Shyam Metalics and Energy Limited IPO

Shyam Metalics IPO

Shyam Metalics and Energy Limited (SMEL) Incorporated in 2002, 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 ferroalloys. As of February 2021, it is among India’s largest producers of ferroalloys 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.

Shyam Metalics and Energy Limited IPO Tentative Timetable

ParticularDate
IPO Open Date14 Jun 2021
IPO Close Date16 Jun 2021
Allotment Date21 Jun 2021
IPO Listing Date24 Jun 2021

Shyam Metalics and Energy Limited IPO Details

Issue TypeBook Built Issue IPO
Face ValueRs. 10 Per Equity Share
IPO PriceRs. 303 to Rs. 306 Per Equity Share
Market Lot45 Share
NSE SymbolSHYAMMETL
BSE SymbolSHYAMMETL
ISIN CodeINE810G01011
Listing AtNSE, & BSE
Issue SizeApprox Rs. 909 Crore.

Shyam Metalics and Energy Limited IPO Lot Size

ApplicationLotsShares Amount
Minimum14513770
Maximum14630192780

Shyam Metalics and Energy Limited IPO Allotment Status

Click Here To Check IPO Allotment Status Shyam Metalics and Energy Limited IPO.

Company Financials:

Particular31 Dec 202031 March 202031 March 201931 March 2018
Total Assets51057.4752037.8840524.3434706.28
Total Revenue39956.3249953.0246845.6039203.99
Profit After Tax4563.213403.296367.835280.39
For the year/period ended (₹ in million)

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.

Objects of this 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.

Registrar & Company Details

Company Contact InformationIPO Registrar
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/
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: sonacomstar.ipo@kfintech.com
Website: https://karisma.kfintech.com/

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One Thought to “Shyam Metalics and Energy Limited IPO”

  1. Kunjbihari Kumawat

    Latest Grey Market Price for 135-142 per share…..

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