Shyam Metalics and Energy Limited IPO(Shyam Metalics IPO)

Shyam Metalics IPO
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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.

Shyam Metalics IPO

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

ParticularsFor the year/period ended (₹ in million)
31-Dec-2031-Mar-2031-Mar-1931-Mar-18
Total Assets51,051.4752,037.8840,524.3434,706.28
Total Revenue39,956.3243,953.0246,845.6039,203.99
Profit After Tax4,563.213,403.296,367.835,280.39

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

Object Of The Issue

Shyam Metalics IPO Details – Tentative

IPO Opening Date14 June 2021
IPO Closing Date16 June 2021
Issue TypeBook Built Issue IPO
Issue Size909 Cr.
Face Value₹10 per equity share
IPO Price[303] to [306] Per Equity Share
Market Lot45 Shares
Min Order Quantity45 Shares
Listing AtBSE, NSE
Total Share Issue2,97,05,882 Equity Shares

Shyam Metalics IPO – Tentative Schedule

IPO Open Date14 June 2021
IPO Close Date16 June 2021
Finalization of Basis of Allotment21 June 2021
Initiation of Refunds22 June 2021
Credit of Shares to Demat Account23 June 2021
IPO Listing Date24 June 2021

Shyam Metalics IPO Lots Size & Price(Tentative)

ApplicationLotsSharesAmount ( Cut-Off)
Minimum14513,770
Maximum135851,79,010

Shyam Metalics IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Shyam Metalics IPO

How To Apply

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
Websitehttp://www.shyammetalics.com/

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