Joined in 2002, Shyam Metalics and Energy Limited (SMEL) is India’s driving incorporated metal maker organization. The organization is essentially occupied with the creation of long steel items like iron pellets, wipe iron, steel billets, TMT, underlying items, wire poles, and ferro combinations. As of February 2021, it is among India’s biggest makers of ferro composites as far as introduced limit and the fourth-biggest part in the wipe iron industry.
The organization serves institutional clients and end-clients. Jindal Stainless Limited, Rimjhim Ispat Limit are a portion of its homegrown customers though Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals and Alloys, Traxys North America LLC, JM GLobal Resources, Vijayshri Steel Pvt Ltd, and so on are the worldwide customers. The organization has an association with 42 merchants to bring to the table its items across 13 states and 1 association region.
Presently, the firm has 3 producing plants situated in Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal. As of Dec 31, 2020, its assembling units have a collected introduced metal limit of 5.71 million tons for every annum. The organization is hoping to grow its ability from 5.71 MTPA to 11.60 NTPA by 2025. The Sambalpur and Jamuria plants are incorporated steel fabricating plants that produce hostage railroad sidings, hostage power plants, iron pellet, wipe iron, bilet, thermo precisely treated (TMT), wire bar, and underlying factories, and ferro amalgams plants. Further, its assembling office at Mangalpur includes wipe iron and ferro amalgam plants, and a hostage power plant.
Driving coordinated metal maker in India.
Deliberately found assembling plants with a powerful foundation.
Differentiated item portfolio.
Solid monetary execution and appropriation organization.
Mahabir Prasad Agarwal, Brij Bhushan Agarwal, Sanjay Kumar Agarwal, Subham Capital Private Limited, Subham Buildwell Private Limited, Narantak Dealcomm Limited, Kalpataru Housefin and Trading Private Limited, Dorite Tracon Private Limited, and Toplight Mercantiles Private Limited are the organization advertisers.
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.
|Particulars||For the year/period ended (₹ in million)|
|Profit After Tax||4,563.21||3,403.29||6,367.83||5,280.39|
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 Date||Jun 14, 2021|
|IPO Close Date||Jun 16, 2021|
|Basis of Allotment Date||Jun 21, 2021|
|Initiation of Refunds||Jun 22, 2021|
|Credit of Shares to Demat Account||Jun 23, 2021|
|IPO Listing Date||Jun 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).
Shyam Metalics IPO Details
|IPO Opening Date||Jun 14, 2021|
|IPO Closing Date||Jun 16, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹303 to ₹306 per equity share|
|Market Lot||45 Shares|
|Min Order Quantity||45 Shares|
|Listing At||BSE, 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)
Shyam Metalics IPO Prospectus
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: [email protected]
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.
The Shyam Metalics IPO .listing date is not yet announced. The tentative date of Shyam Metalics IPO listing is Jun 24, 2021.