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Shyam Metalics and Energy Limited is launching an IPO (Initial Public Offering) on June 14 which will close on June 16. The IPO size is Rs 909 Crore.
Shyam Metalics and Energy Limited have started its operation in the year 2005, Shyam Metalics is a leading integrated metal producing company in India. Its products include long steel products such as iron pellets, Sponge Iron, Steel billets, Power, and Ferro Alloys.
The company further diversifying its product portfolio by entering into the segments of pig iron, ductile iron pipes, and aluminum foil.
According to a CIBIL Report, As of March 31, 2020, Shyam Metalics was one of the leading players in terms of pellet capacity and the 4th largest player in the Sponge Iron industry in terms of sponge iron industry capacity in India. Shyam Metalics is amongst the largest producers of Ferro Alloys in terms of installed capacity in India, as of February 2021.
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Shyam Metalics is having 3 manufacturing facilities in India, one in Odisha and two in West Bengal. Its manufacturing plants’ aggregate installed metal capacity is 5.71 MTPA as of December 31, 2020 (comprising intermediate and final products). Its manufacturing plants also include captive power plants with an aggregated installed capacity of 227 MW as of December 31, 2020.
Its major customers are, Jindal Stainless Limited, Rimjhim Ispat, Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM Global Resources, etc. The company has 42 distributors to offer its products across 13 states and 1 union territory.
Shyam Metalics is a certified ISO 9001:2015 (quality management system standard) company, It has been found to conform to the Environmental Management System Standard (ISO 14001:2015). It has also received the BSCIC certificate which is given when the organization is found to be operative in occupational Health & Safety Management which complies with the requirement of Standard (ISO 45001:2018).
Shyam Metalics and Energy will launch its Rs 909 Crore initial public offerings (IPO) on June 14. The price band for the issue has been kept at Rs 303-306 per share. The public issue will have been open for a day on June 11 for anchor investors. The offer will close on June 16.
The Company intends to expand its metal manufacturing capacity from the existing 5.71 MTPA as of December 31, 2020, to 11.60 MTPA (comprising of intermediate and final products) and 227 MW to 357MW manufacturing capacity of its captive power plants.
Management of the Company
Mahabir Prasad Agarwal is the non-executive chairman of the company, he has been a director of the company since April 6, 2018. He is the founder of and has been a director of the subsidiary, SSPL, since its inception and is one of the company’s initial shareholders. He has over 3 decades of experience in the steel and ferro alloys industry.
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’s other promoter.
Profitability of the Company
The company has a consistent track record of delivering operating profitability, and since the commencement of its operations in Fiscal 2005, it has delivered a positive EBITDA in each of the Fiscal. The latest financials are:
| Particulars | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 51,051 | 52,038 | 40,524 |
| Total Revenue | 39,956 | 43,953 | 46,846 |
| Profit After Tax | 4,563 | 3,403 | 6,368 |
Shyam Metalics and Energy Limited IPO Details
The IPO size is Rs 909 Crore. The price band for the issue has been kept at Rs 303-306 per share. The public issue has been opened on June 11 for anchor investors. The IPO will open on June 14 and will close on June 16.
The lot size is 45 shares and the face value is Rs 10 per equity share, the shares will be listed on BSE and NSE. The Fresh issue is Rs 657 Crore and the rest Rs 252 Crore is for the offer for sale. The minimum lot is 1 and the cut-off amount is Rs 13,770.
The allotment could be finalized on June 21 and the refund will be initiated on June 22. The Post Issue Share Holding of the promoters will be 88.35%.
FAQs related to the Shyam Metalics and Energy Limited IPO
How can I apply for Shyam Metalics IPO?
You can apply for the IPO through ASBA (Application Supported by Blocked Amount), almost all the banks are providing this facility.
Shyam Metalics IPO date?
The IPO will open on June 14 and will close on June 16.
Shyam Metalics IPO price band?
The face value of Shyam Metalics shares would be Rs 10, the price band for the issue has been kept at Rs 303-306 per share.
Shyam Metalics IPO lot size?
The lot size is 45 shares and the face value is Rs 10 per equity share. The minimum lot is 1 and the cut-off amount is Rs 13,770.
On Which Stock Exchange Shyam Metalics IPO will be listed?
Shyam Metalics IPO will be listed on the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange).
Shyam Metalics IPO size?
The IPO size is Rs 909 Crore.
Shyam Metalics share allotment date?
The allotment could be finalized on June 21 and the refund will be initiated on June 22.
Shyam Metalics share listing date?
IPO listing date is June 24, 2021.
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