Compiled in 2002, Shyam Metalics and Energy Limited (SMEL) is India’s leading steel producer company. The company is mainly involved in the production of long metal products such as iron pellets, sponge iron, steel billets, TMT, synthetic products, wire rods and ferro alloys.
As of February 2021, it is among India’s largest producers of ferro alloys in terms of installed capacity and the fourth largest player in the sponge metal industry.
The company works with facility customers and end users. Jindal Stainless Limited, Rimjhim Ispat Limit are some of its domestic customers and Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM GLobal Resources, Vijayshri Steel Pvt Ltd, etc. are overseas customers. The company has partnered with 42 distributors to offer its products in 13 provinces and one union area.
Currently, the factory has three production plants located in Sambalpur in Odisha, and in Jamuria and Mangalpur in West Bengal. As of December 31, 2020, its production units have a combined value of 5.71 million tons per year. The company wants to increase its capacity from 5.71 MTPA to 11.60 NTPA by 2025.
The plants of Sambalpur and Jamuria are integrated metal-producing plants that produce captured trains, captive power stations, metal pellets, sponge metal, bilet, mechanical thermo (TMT), wire rods, construction mills, and ferro alloys plants. In addition, its production facility in Mangalpur consists of steel sponges and ferro alloy plants, as well as a captive energy center.
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.
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.
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 |
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.
Shyam Metalics IPO Details – Tentative
| IPO Opening Date | 14 June 2021 |
| IPO Closing Date | 16 June 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 909 Cr. |
| 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 |
| Total Share Issue | 2,97,05,882 Equity Shares |
Shyam Metalics IPO – Tentative Schedule
| IPO Open Date | 14 June 2021 |
| IPO Close Date | 16 June 2021 |
| Finalization of Basis of Allotment | 21 June 2021 |
| Initiation of Refunds | 22 June 2021 |
| Credit of Shares to Demat Account | 23 June 2021 |
| IPO Listing Date | 24 June 2021 |
Shyam Metalics IPO Lots Size & Price(Tentative)
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 45 | 13,770 |
| Maximum | 13 | 585 | 1,79,010 |
Shyam Metalics IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For Shyam Metalics IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the Shyam Metalics IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an Shyam Metalics IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| 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/ |
