Shyam Metalics IPO Basis of Allotment

Shyam Metalics and Energy Limited ("Company") was originally incorporated as Shyam DRI Power Limited on December 10, 2002 at Kolkata. West Bengal. India as a public limited company under the Companies Act, 1956 and received the certificate for commencement of business from the Registrar of Companies West Bengal at Kolkata ('RoC') on December 11, 2002. Subsequently, the name of our Company was changed to Shyam Metalics and Energy Limited vide a special resolution passed by our Shareholders on November 23, 2009 and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on January 5, 2010. For details of the change the name and registered office of our Company, please see the section ended 'History and Certain Corporate Matters' on page 158 of the Prospectus dated June 17, 2021 ("Prospectus") and filed with the RoC..

OUR 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

Our Company has filed the Prospectus with the RoC, and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ('NSE') and BSE Limited ('BSE') and trading is expected to commence on June 24, 2021.

INITIAL PUBLIC OFFER OF 29,705,880 EQUITY SHARES OF FACE VALUE OF Rs.10 EACH ("EQUITY SHARES") OF SHYAM METALICS AND ENERGY LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF Rs. 306 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF 296 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TO 9087.97*^ MILLION ("OFFER") COMPRISING A FRESH ISSUE OF 21,470,588 EQUITY SHARES AGGREGATING TO 6567.97 MILLION BY OUR COMPANY (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 82,35,292 EQUITY SHARES AGGREGATING TO Rs. 2,520.00 MILLION ("OFFER FOR SALE"), COMPRISING 1,209,150 EQUITY SHARES AGGREGATING TO RS. 370.00 MILLION BY SUBHAM CAPITAL PRIVATE LIMITED, 2,058,823 EQUITY SHARES AGGREGATING TO 630.00 MILLION BY SUBHAM BUILDWELL PRIVATE LIMITED, 816.993 EQUITY SHARES AGGREGATING TO 250.00 MILLION BY KALPATARU HOUSEFIN & TRADING PRIVATE LIMITED, 980,392 EQUITY SHARES AGGREGATING TO Rs. 300.00 MILLION BY DORITE TRACON PRIVATE LIMITED AND 3,169,934 EQUITY SHARES AGGREGATING TO Rs. 970.00 MILLION BY NARANTAK DEALCOMM LIMITED (COLLECTIVELY, THE "PROMOTER SELLING SHAREHOLDERS" OR THE "SELLING SHAREHOLDERS", AND SUCH EQUITY SHARES, THE "OFFERED SHARES"). THE OFFER CONSTITUTES 11.65 % OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE OFFER INCLUDED A RESERVATION OF 300,000 EQUITY SHARES, AGGREGATING TO Rs. 87.30 MILLION, FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). THE OFFER AND NET OFFER CONSTITUTE 11.65% AND 11.59%. RESPECTIVELY, OFTHE POSTOFFER PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10 EACH. THE OFFER PRICE IS Rs. 306 PER EQUITY SHARE AND IS 30.6 TIMES THE FACE VALUE OF THE EQUITY SHARES.

^ A discount of 4.90 % on the Offer Price was offered to the Eligible Employees Bidding in the Employee Reservation Portion Employee Discount equivalent to 15 per Equity Share.

* The Eligible Employees Portion was subscribed to the extent of 0.4501 times and 135,045 Equity Shares were allotted to 177 successful Bidders (after rejections) in this category. The unsubscribed portion constituting 164,955 Equity Shares from the Employee Reservation Portion spilled over and were allotted to Bidders in the QIBs, NIB and Retail Categories in the ratio of 50:15:35. Accordingly the Allotment to Eligible Employees was for 135,045 Equity Shares amounting to Rs. 39.30 million.

The Offer has been made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 31 of the SEBI ICDR Regulations. The Offer has been made in accordance with Regulation 6(1) of the SEBI ICDR Regulations, through the Book Building Process wherein not more than 50% of the Net Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") ('QIB Portion'), of which our Company and the Promoter Selling Shareholders in consultation with the BRLMs has allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations, out of which one-third was reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price, in accordance with the SEBI ICDR Regulations. 5% of the QlB Portion (excluding the Anchor investor Portion) was made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was made available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further not less than 15% of the Net Offer was made available for allocation on a proportionate basis to Non-ln$b1utional Bidders and not less than 35% of the Net Offer was made available for allocation to Retail Individual Bidders m accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Further. Equity Shares were allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. An Bidders, other than Anchor Investors, were required to mandatory participate in the Offer through the Application Supported by Blocked Amount (ASBA) process providing details of their respective bank accounts which were blocked by the Self Certified Syndicate Banks ('SCSBs') or through the UPI Mechanism Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA process. For details, please see the section entitled "Offer Procedure" on page 362 of the Prospectus.

The Offer received 1,851,979 applications for 2,524,153,680 Equity Shares resulting in 84.97 times subscription as disclosed m Prospectus. The details of the applications received in the Offer from Retail Individual Investors, Non Institutional Bidders, Employee Reservation Portion, QlBs and Anchor Investors are as under (before technical rejections):

Final Demand

A summary and of the final demand as per BSE and N SE as on the Bid-Offer Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on June 21.2021.

A. Allotment to Retail Individual Investors (After Technical Rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Offer Price of Rs. 306 per Equity was finalized in consultation with BSE. This category has been subscribed to the extent of 9.9467 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 10,349,793 Equity Shares to 229,995 successful applicants. The category-wise details of the Basis of Allotment are as under:

^Includes spilled over of 57.735 Equity Shares from Employee category.

* Please Note: 1 additional Share shall be allotted to 18 Allotments from amongst 19536 successful Bidders from the categories 90-630 (i.e. Excluding successful Bidders from Category 45) in the ratio of 3:3256

B. Allotment to Non Institutional Bidders (After Technical Rejections) (including ASBA Applications)

The Basis of Allotment to the Non-institutional Bidders, who have bid at the Offer Price of Rs. 306 per Equity Share or above, was finalized in consultation with BSE. This category has been subscribed to the extent of 332.6187 times. The total number of Equity Shares allotted in this category is a. 435,626 Equity Shares to 1788 successfully applicants. The category-wise details of the Basis of Allotment are as under (Sample)

*Includes spilled over of 24,744 Equity Shares from Employee category

C. Allotment to Employee Reservation (After Technical Rejections) (Including ASBA Applications)

The Basis of Allotment to the Employee Reservation category, who have bid at the Offer Price of Rs. 291 per Equity Share or above, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.4501 times. The total number of Equity Shares allotted in this category is 135,045 Equity Shares to 177 successful applicants. The category-wise details of the Basis of Allotment are asunder: (Sample)

*Unsubscribed portion of 164,955 Equity Shares spilled over to QIB, NIB & Retail Categories in the ratio of 50:15:35 respectively.

D. Allotment to QIBs (After Technical Rejections)

Allotment to QIBs, who have bid at the Offer Price of Rs. 306 per Equity Share or above, has been done on a proportionate basis in consultation with BSE This category has been subscribed to the extent of 154.8978 times of Net QIB portion, As per the SEBIICDR Regulations, Mutual Funds were allotted 5% of the Equity Shares of Net QIB portion available i.e. 298,183 Equity Shares and other QIBs and unsatisfied demand of allotted the remaining available Funds were able Equity Shares i ,e. 5,665,469 Equity Shares on a proportionate basis. The total number of Equity Shares allotted in the QIB category is 5,963,652 Equity Shares, which were allotted to 122 successful Applicants.

*Includes spilled over of 82,476 Equity Shares from Employee category.

E. Allotment to Anchor Investors (After Technical Rejections)

The Company and the Selling Shareholders, in consultation with the BRLMs, have allocated 8,821,764 Equity Shares to 21 Anchor Investors 'who had applied through 22 Applications (including 4 Mutual Funds through 5 schemes) at the Anchor Investor Offer Price oft 306 per Equity Share in accordance with the SEBIICDR Regulations This represents 60% of the QIB Portion,

The Board of Directors of our Company on Monday, June 21, 2021 has Allotted Equity Shares to Allotment based on the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE, The Allotment Advice Cum Refund intiamation will be emailed or dispatched to the email Id or address of the investors as registered its the depositories. Further, instructions to the SCSBs have been issued for unblocking of funds and transfer to the Public Offer Account on June 21, 2021 and the payments to non-syndicate brokers have been issued on June 23, 2021. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares allotted to the successful allotted have been uploaded on June 22, 2021 for credit into the respective beneficiary accounts subject to validation of the account details 'with the depositories concerned, The Company has received the listing and trading approval from BSE and NSE and trading is expected to commence on or about June 24, 2021.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the Allotment made shall be hosted on the website of Registrar to the Offer, KF in Technologies Private Limited at www.kfintech.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole Bidder, Serial number of the ASBA Form, number of Equity Shares bid for name of the Member of the Syndicate, place where the bid was submitted and payment delays at the address given below:

KFIN TECHNOLOGIES PRIVATE LIMITED

(Formerly known as ‘Karvy Fintech Private Limited")

Selenium Tower B. Plot No, 31 & 32. Financial District, Nanakramguda, Serilingampally Hyderabad 500 032.

Tel: +91 40 6716 2222, E-mail: eimard.ris@kaivy.com, Investor grievance email: einward.ris@kfintech.com

Website: www.kfintecft.com: Contact Person: M. Muraii Krishna, SEBI Registration No.: INR000000221

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THEBUSINESS PROSPECTS OF SHYAM METALICS AND ENERGY LIMITED.

SHYAM METALICS AND ENERGY LIMITED has filed the Prospectus with the RoC and thereafter with SEBI and the Stock Exchanges The Prospectus is available on the website of the SEBI at www.sebi.gov.in as 'well as on the websites of the book running lead managers, ICICI Securities Limited, Axis Capital Limited, IIFL Securities Limited, JM Financial Limited and SBI Capital Markets Limited at www.icicisecurities.com, www.axscapitai.co.in, www.iifcap.com, www.jmfl.com and www.sbicaps.com, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see "Risk Factors" on page 21 of the Prospectus.

The Equity Shades have not Peen and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any otter applicable law of the Untied States and, unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) in the United States only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the U.$. Securities Act and referred to in the Red Herring Prospectus as "U.S. QIBs") in transactions exempt from the registration requirements of the U.S. Securities Act and (b) outside the United States in compliance with Regulation S and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering in the United Slates.