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Shyam Metalics IPO is a book built issue of Rs 909.00 crores. The issue is a combination of fresh issue of Rs 657.00 crores and offer for sale of Rs 252.00 crores.
Shyam Metalics IPO bidding started from June 14, 2021 and ended on June 16, 2021. The allotment for Shyam Metalics IPO was finalized on Monday, June 21, 2021. The shares got listed on BSE, NSE on June 24, 2021.
Shyam Metalics IPO 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.
The issue includes a reservation of up to 300,000 shares for employees offered at a discount of Rs 15 to the issue price.
Axis Capital Limited, ICICI Securities Limited, Iifl Securities Ltd, Jm Financial Limited and SBI Capital Markets Limited are the book running lead managers of the Shyam Metalics IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Shyam Metalics IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 233,610,100 |
| Share holding post issue | 255,080,688 |
Shyam Metalics IPO offers 21,090,890 shares. 5,940,889 (28.17%) to QIB, 4,455,000 (21.12%) to NII, 10,395,001 (49.29%) to RII, 300,000 (1.42%) to employees. 231,000 RIIs will receive minimum 45 shares and (sNII) and (bNII) will receive minimum 675 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,940,889 (28.17%) | NA |
| NII (HNI) Shares Offered | 4,455,000 (21.12%) | |
| Retail Shares Offered | 10,395,001 (49.29%) | 231,000 |
| Employee Shares Offered | 300,000 (1.42%) | NA |
| Total Shares Offered | 21,090,890 (100%) |
Shyam Metalics IPO opens on June 14, 2021, and closes on June 16, 2021.
| 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 |
Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹13,770 |
| Retail (Max) | 14 | 630 | ₹192,780 |
| Lot Size Calculator | |||
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.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 88.35% |
Incorporated in 2002, Shyam Metalics and Energy Limited (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 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 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
| 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 | |
The IPO proceed will be used towards the following purposes;
[Dilip Davda] Currently, investors have a fancy for metal counters. SMEL being one of the major players is coming out with its maiden offer at a fully priced offer. Investors may consider an investment with a long term perspective. Read detail review...
The Shyam Metalics IPO is subscribed 121.43 times on June 16, 2021 5:00:00 PM. The public issue subscribed 11.64 times in the retail category, 155.71 times in the QIB category, and 339.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 155.71 |
| NII | 339.98 |
| Retail | 11.64 |
| Employee | 1.55 |
| Total | 121.43 |
| Listing Date | June 24, 2021 |
| BSE Script Code | 543299 |
| NSE Symbol | SHYAMMETL |
| ISIN | INE810G01011 |
| Final Issue Price | ₹306 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹306.00 |
| ₹367.00 |
| ₹367.00 |
| ₹399.10 |
| ₹375.85 |
| NSE |
|---|
| ₹306.00 |
| ₹380.00 |
| ₹370.00 |
| ₹399.00 |
| ₹376.15 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Shyam Metalics IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹909.00 Crores. The issue is priced at ₹303 to ₹306 per share. The minimum order quantity is 45 Shares.
The IPO opens on June 14, 2021, and closes on June 16, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shyam Metalics IPO using UPI as a payment gateway. Zerodha customers can apply in Shyam Metalics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shyam Metalics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shyam Metalics IPO opens on June 14, 2021 and closes on June 16, 2021.
Shyam Metalics IPO lot size is 45 Shares, and the minimum amount required is ₹13,770.
You can apply in Shyam Metalics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
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. Check the Shyam Metalics IPO allotment status.
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