The Shyam Metalics date has been confirmed from June 14, 2021 and ended on June 16, 2021.
Shyam Metalics Developers IPO is a fixed price issue of Rs 909.00 crores. The price band is set at ₹303 to ₹306 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹13,770.
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Bidding Dates
June 14-16
Price Range
₹303 to ₹306 per share
Face Value
₹10 per share
GMP
₹653.75
Shyam Metalics IPO GMP
The Shyam Metalics IPO GMP is ₹653.75.
IPO Overview
Shyam Metalics’ IPO is a book-built issuance worth Rs 909.00 crore. The issue consists of a fresh issuance of Rs 657.00 crores and an offer for sale of Rs 252.00 crores. Shyam Metalics’ IPO bidding began on June 14, 2021 and ended on June 16, 2021. The allotment for Shyam Metalics’ IPO was finalised on Monday, June 21, 2021. The shares were listed on the BSE and NSE on June 24, 2021. Shyam Metalics’ IPO pricing range is set at ₹303 to ₹306 per share.
The minimum lot size for an application is 45 shares. The minimum investment for retail investors is ₹13,770. The initial public offering includes a reservation of up to 300,000 shares for employees, which are offered at a Rs 15 reduction from the issue price.
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 IPO Details
| IPO Date | June 14, 2021 to June 16, 2021 |
| Listing Date | June 24, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹303 to ₹306 per share |
| Lot Size | 45 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹909.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹657.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹252.00 Cr) |
| Employee Discount | Rs 15 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Shyam Metalics Company Financials
| 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 | |
Shyam Metalics IPO Timeline
| IPO Open Date | Monday, June 14, 2021 |
| IPO Close Date | Wednesday, June 16, 2021 |
| Basis of Allotment | Monday, June 21, 2021 |
| Initiation of Refunds | Tuesday, June 22, 2021 |
| Credit of Shares to Demat | Wednesday, June 23, 2021 |
| Listing Date | Thursday, June 24, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 16, 2021 |
Company Profile
Shyam Metalics and Energy Limited (SMEL), founded in 2002, is India’s foremost integrated metal production. The company principally produces long steel products such as iron pellets, sponge iron, steel billets, TMT, structural goods, wire rods, and ferroalloys. As of February 2021, it is one of India’s largest ferro alloy makers by installed capacity, as well as the fourth-largest player in the sponge iron business. The company caters to both institutional customers and end users. Jindal Stainless Limited and Rimjhim Ispat Limit are among its domestic clients, while
foreign clients include Norecom DMCC, Norecom Limited, POSCO foreign Corporation, World Metals & Alloys, Traxys North America LLC, JM Global Resources, Vijayshri Steel Pvt Ltd, and others. The company works with 42 distributors to offer its products in 13 states and one union territory.
Currently, the company has three manufacturing factories in Sambalpur, Odisha, and Jamuria and Mangalpur, West Bengal. As of December 31, 2020, its manufacturing units had a total installed metal capacity of 5.71 million tonnes per year. The business intends to increase its capacity from 5.71 MTPA to 11.60 NTPA by 2025. The Sambalpur and Jamuria facilities are integrated steel manufacturing plants that manufacture captive railway sidings, captive power plants, iron pellets, sponge iron, bilet, thermomechanically treated (TMT), wire rod, and structural mills, as well as ferro alloy plants. In addition, the Mangalpur industrial site includes sponge iron and ferro alloy units, as well as a captive power plant.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Shyam Metalics and Energy Limited |
| Phone number | +91 33 4016 4000 |
| Email ID | [email protected] |
| Website | shyammetalics.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Shyam Metalics IPO FAQs
When Shyam Metalics IPO will open?
The Shyam Metalics IPO opens on June 14, 2021 and closes on June 16, 2021.
What is the lot size of Shyam Metalics IPO?
Shyam Metalics IPO lot size is 45 Shares, and the minimum amount required is ₹13,770.
When is Shyam Metalics IPO allotment?
The finalization of Basis of Allotment for Shyam Metalics IPO will be done on Monday, June 21, 2021, and the allotted shares will be credited to your demat account by Wednesday, June 23, 2021.
When is Shyam Metalics IPO listing date?
The Shyam Metalics IPO listing date is on June 24, 2021.
