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Shyam Metalics and Energy Limited IPO

Shyam Metalics and Energy Limited IPO

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Listed Price: ₹ 380.00 (+24.18%)

Shyam Metalics and Energy Limited's successfully completed its Initial Public Offering and commenced trading on 24-06-2021 at the NSE, BSE exchange. The company raised 2,97,05,880 Shares through this public offering, comprising 2,14,70,588 Shares in fresh capital and ₹252.00 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹303 to ₹306, with minimum application lots of 45 shares. The offering attracted significant investor interest during its subscription period from 14-06-2021 to 16-06-2021.

Share allotment was finalized on 21-06-2021, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Shyam Metalics IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Shyam Metalics IPO Key Performance Indicator
Company Financials ( In Lakhs )

Shyam Metalics IPO About Company

Incorporated in 2002, Shyam Metalics and Energy Limited is a leading integrated metal producer in India, mainly engaged in manufacturing long steel products such as iron pellets, sponge iron, steel billets, TMT bars, structural products, wire rods, and ferro alloys. As of February 2021, the company was among the largest producers of ferro alloys in India by installed capacity and the fourth-largest sponge iron producer. It serves both domestic and international customers, including large institutional buyers, and distributes its products through a network of 42 distributors across 13 states and one union territory. The company operates three manufacturing plants located at Sambalpur in Odisha and Jamuria and Mangalpur in West Bengal, with a total installed metal capacity of 5.71 million tonnes per annum as of December 31, 2020, and plans to expand this capacity to 11.60 million tonnes per annum by 2025.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Shyam Metalics IPO Strength Factors

  1. Leading Metal Producer: One of India’s top integrated metal manufacturers.
  2. Strategic Manufacturing: Well-located plants with strong infrastructure.
  3. Diversified Portfolio: Wide range of metal products.
  4. Strong Financials & Reach: Solid financial performance with a robust distribution network.

Shyam Metalics IPO Risk Factors

NA


Shyam Metalics IPO Lead Manager(s)

  • Axis Capital Limited
  • ICICI Securities Limited
  • IIFL Securities Limited
  • Jm Financial Limited
  • SBI Capital Markets Limited

Shyam Metalics IPO Promoter(s)

  1. Mahabir Prasad Agarwal
  2. Brij Bhushan Agarwal
  3. Sanjay Kumar Agarwal
  4. Subham Capital Private Limited
  5. Subham Buildwell Private Limited
  6. Narantak Dealcomm Limited
  7. Kalpataru Housefin & Trading Private Limited
  8. Dorite Tracon Private Limited
  9. Toplight Mercantiles Private Limited

Shyam Metalics IPO Company Details

Shyam Metalics and Energy Limited
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Shyam Metalics IPO Registrar

Kfin Technologies Limited
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Shyam Metalics IPO FAQs