Shyam Metalics and Energy Limited

Shyam Metalics and Energy Limited IPO Review

Shyam Metalics and Energy is a main coordinated metal delivering organization with an attention on ferro compounds and halfway and long steel items like iron pellets, wipe iron, steel billets, TMT, primary items and wire bars. It is among the biggest makers of ferro composites as far as introduced limit in India, as of February 2021. Starting at 31 March 2020, it was one of the main players as far as pellet limit and the fourth biggest player in the wipe iron industry as far as wipe iron limit in India. 

The organization works three assembling plants that are situated at Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal with total introduced metal limit of 5.71 million ton for every annum (MTPA) starting at 31 December 2020. Its assembling plants likewise incorporate hostage power plants with a total introduced limit of 227 MW. The organization is currently expanding the limits of its current assembling plants and hostage power plants to 11.60 MTPA and 357 MW, separately. Shyam Metalics is likewise authorizing an aluminum foil moving plant at Pakuria in West Bengal with a proposed introduced limit of 0.04 MTPA, which is relied upon to become functional in FY2022.

Subscription Dates

14 – 16 June 2021

Price Band

INR303 – 306 per share

Fresh issue

INR657 crore

Offer For Sale

INR252 crore

Total IPO size

INR909 crore

Minimum bid (lot size)

45 shares

Face Value 

INR10 per share

Retail Allocation

35%

Listing On

NSE, BSE

 

900 by 250 banner

FY2018

FY2019

FY2020

9M FY2021

 

Revenue

3,920.4

4,684.6

4,395.3

3,995.6

Expenses

3,405.5

3,920.7

4,099.9

3,489.5

Comprehensive income

521.9

641.8

340.8

460.2

Margin (%)

13.3

13.7

7.8

11.5

 

Earnings Per Share (EPS): INR14.57

Price/Earnings (PE ratio): 20.8 – 21.0

Return on Net Worth (RONW): 12.04%

Net Asset Value (NAV): INR120.97 per share

DateGMP (in INR)Kostak (in INR)Subject to Sauda (in INR)
23 June 2021130
22 June 2021135
21 June 20211305004,800
18 June 20211355005,000
17 June 20211505005,000

Listing Performance of Shyam Metalics and Energy Limited IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

Shyam Metalics and Energy Limited

Jun 24, 2021

306

375.85

22.83%

900 by 250 banner

NSE : SHYAMMETL

BSE : 543299ISIN

CODE : INE810G01011

Angel Broking – Subscribe

Axis Capital – Not rated

BP Wealth – Subscribe

Canara Bank Securities – Subscribe

Elite Wealth – Subscribe

Hem Securities – Subscribe

ICICI Securities – Not rated

Indsec Securities – Subscribe

Investmentz – Subscribe for Long Term

Kotak Securities – Not rated

Marwadi Financial Services – Subscribe

Samco Securities – Subscribe for Listing Gains

Ventura Securities – Subscribe

IPO Opening Date: 14 June 2021

IPO Closing Date: 16 June 2021

Finalisation of Basis of Allotment: 21 June 2021

Initiation of refunds: 22 June 2021

Transfer of shares to demat accounts: 23 June 2021

Listing Date: 24 June 2021

Opening Price on NSE: INR380 per share (up 24.18% from IPO price)

Closing Price on NSE: INR375.5 per share (up 22.71% from IPO price)

Shyam Metalics and Energy Limited

Trinity Tower, 7th Floor,

83, Topsia Road,

Kolkata – 700046, West Bengal

Phone: +91 33 4016 4000

Email: compliance@shyamgroup.com

Website:www.shyammetalics.com

KFin Technologies Private Limited

Selenium Tower B, Plot 31-32,

Gachibowli, Nanakramguda,

Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222

Fax: +91 40 2343 1551

Email: einward.ris@kfintech.com

Website: www.kfintech.com

Category

Shares offered

Subscription (no. of times, at 5 PM)

Day 1

Day 2

Day 3

QIB

59,40,889

0.00

0.82

155.71

NII

44,55,000

0.71

2.60

339.98

Retail

1,03,95,001

2.18

5.80

11.64

Employee

3,00,000

0.27

0.79

1.55

Total

2,10,90,890

1.23

3.65

121.43

900 by 250 banner

Shyam Metalics and Energy Limited IPO FAQ's

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 equity share. The minimum order quantity is 45 Shares..The initial public offering (IPO) begins on Jun 14, 2021, and closes on Jun 16, 2021.The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.

The Shyam Metalics IPO opens on Jun 14, 2021 and closes on Jun 16, 2021.

Shyam Metalics IPO lot size is 45 Shares and the minimum order quantity is 45 Shares.

SHYAM METALICS IPO  can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

The Basis of Allotment for Shyam Metalics IPO will be done on Jun 21, 2021, and the allotted shares will be credited to your demat account by Jun 23, 2021. Check the Shyam Metalics IPO allotment status.

The Shyam Metalics IPO listing date is on Thursday, June 24, 2021.

900 by 250 banner

Shyam Metalics and Energy Limited IPO Comments