Thursday, April 15, 2021

Shyam Metalics IPO Date, Review, Price, Form & Market Lot Details


Shyam Metalics IPO date is 14 June and closes on 16 June 2021. The Shyam Metalics IPO to raise ₹909 Crores via IPO (₹657 Crores Fresh Issue + ₹252 Crores OFS).
 
Shyam Metalics and Energy Limited aka Shyam Metalics IPO to open on 14 June 2021 and it will close on 16 June 2021 as per the RHP filed. The company is a leading producer of integrated metal. They focus on ferro alloys  and intermediate and long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products and wire rods. They are based in Kolkata and incorporated in 2002. The company offers wide range of intermediate and final products as well. They have good clients list like Jindal Stainless Limited, BHEL, SAIL, JSW Steel and more. They have international clients as well. The retail portion of the IPO is 35% while QIB is 50% and NII is 15%. Shyam Metalics IPO to list on NSE and BSE both the indices. Check out Shyam Metalics IPO details.

Important Details:
Shyam Metalics is one of the largest producers of ferro alloys in terms of installed capacity in India, as of February 2021. As of 31 March 2020, it was one of the leading players in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India. They have a partnership with 42 distributors to offer its products across 13 states and 1 union territory in India. They have 3 manufacturing plants located in Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal.

Equity Shares outstanding prior to the Issue = 23,36,10,100 Shares
Fresh Issue of 2,14,70,588 Shares @ ₹306 = ₹657 Crores
Offer for Sale of 82,35,294 Shares @ ₹306 = ₹252 Crores
Equity Shares outstanding after the Issue = 25,50,80,688 Shares

Category-wise Break up:
Anchor: 88,21,765 Shares = ₹269.95 Crores
QIB: 58,81,176 Shares = ₹179.96 Crores
NII: 44,10,882 Shares = ₹134.97 Crores
RII: 1,02,92.059 Shares = ₹314.94 Crores (Lot size: 45 = 2,28,712 Forms)
Employee: 3,00,000 Shares = ₹8.73 Crores (Discount @ ₹15)
Total Issue: 2,97,05,882 Shares = ₹908.55 Crores

Subscription required for 1X
RII = 2,28,712 Forms
NII = 134.97  Crores

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    Shyam Metalics IPO Review

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    Shyam Metalics IPO Date & Price Band

     IPO Open:  14 June 2021
     IPO Close:  16 June 2021
     IPO Size:  Approx ₹909 Crores
     Fresh Issue:  Approx ₹657 Crores
     Offer for Sale:  Approx ₹252 Crores
     Face Value:  ₹10 Per Equity Share
     Price Band:  ₹303 to ₹306 Per Share
     Listing on:  BSE & NSE
     Retail Portion:  35%
     Employee Discount:  ₹15 Per Shares
     Equity:  - Shares

    Shyam Metalics IPO Market Lot

    The Shyam Metalics IPO minimum market lot is 45 shares with ₹13,770 application amount. The retail investors can apply maximum up-to 14 lots with 630 shares or ₹1,92,780 amount.
     
     Minimum Lot Size:  Minimum 45 Shares
     Minimum Amount:   ₹13,770
     Maximum Lot Size:  Maximum 630 Shares
     Maximum Amount:  ₹1,92,780

    Shyam Metalics IPO Allotment & Listing

    The Shyam Metalics IPO date is 14 June 2021 and the close date is 16 June 2021. The allotment will be finalized on 21 June 2021 and the IPO may list on 24 June 2021.
     
     Basis of Allotment:  21 June 2021
     Refunds:  22 June 2021
     Credit to Demat Account:  23 June 2021
     Listing Date:  24 June 2021

    Shyam Metalics IPO Form

    How to apply the Shyam Metalics IPO? You can apply Shyam Metalics IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shyam Metalics IPO in the Invest section. The other option you can apply Shyam Metalics IPO via IPO forms download via NSE and BSE. Check out the Shyam Metalics forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.


    Shyam Metalics Company Financial Report

    The company looks strong as per the financial reports from 2018 to 2021. The PAT is been in the green for the last 4 years or so. The PAT increased 18% in 2019 compared to 2018 while decreased in 2020 and 2021 (9M) reports, we can consider it an impact of Covid-19. Still the the company able to get the results in positive due the the demand of their products in India. The revenues increased YOY till 2020.

      ₹ in Crores

    Revenue Expense PAT
    2018 ₹3920 ₹3406 ₹528.04
    2019 ₹4685 ₹3921 ₹636.78
    2020 ₹4395 ₹4100 ₹340.33
    2021 - 9M
    ₹3996 ₹3490 ₹456.32

    Company 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
    • Toplight Mercantiles Private Limited

    About Shyam Metalics

    They are a leading integrated metal producing company based in India with a focus on Long Steel Products and Ferro Alloys. They have a consistent track record of delivering operating profitability, and since the commencement of their operations in Fiscal 2005, They have delivered a positive EBITDA in each of the Fiscals.

    As of March 31, 2020, They were one of the leading players in terms of pellet capacity and the fourth largest player in the Sponge Iron industry in terms of sponge iron industry capacity in India (Source: CRISIL Report). They operate three manufacturing plants, one in Odisha and two in Theyst Bengal. The aggregate installed metal capacity of their manufacturing plants is 5.71 as of December 31, 2020(comprising intermediate and final products). Their manufacturing plants also include captive poTheyr plants with an aggregated installed capacity of 227 MW as of December 31, 2020 their Sambalpur manufacturing plant caters to customers in Southern and Theystern regions of India whereas their Jamuria and Mangalpur manufacturing plants caters to customers in Northern and Eastern regions of India.

    They operate two "Ore to metal" integrated (forward and backward) steel manufacturing plants, one in Sambalpur, Odisha and one in Jamuria, Theyst Bengal which comprise of captive railway sidings, captive poTheyr plants, iron pellet, sponge iron, billet, TMT, wire rod and structural mills and Ferro alloy plants. They also operate a manufacturing plant in Mangalpur, Theyst Bengal which comprises sponge iron and Ferro alloy plants and a captive poTheyr plant.

    Their integrated manufacturing plants are fungible by design, which insulates us from price volatility and provides us with the ability to quickly adapt to changing market conditions and shift their production and product offerings to meet the continuously changing market climate and optimize their operating margins. Their manufacturing plants primarily produce long steel products such as iron pellets, sponge iron, steel billets, TMT and structural products, and Ftrro alloys with a specific focus on high margin products such as customized billets and specialized Ferro alloys for special steel applications.

    Their TMT and structural products are sold under the brand "SEL". They also undertake conversion of hot rolled coils to pipes, chrome ore to ferro chrome and manganese ore to silico manganese for an Indian steel conglomerate. They are in the process of further diversifying their product portfolio by entering into the segments of pig iron, ductile iron pipes and aluminium foil.

    They are in the process of adding fresh capacities to their manufacturing plants and captive poTheyr plants and diversifying into related segments. Post completion of these capacity expansions the aggregate installed metal capacity of their manufacturing plants and Their captive poTheyr plants shall increase from 5.71 MTPA as of December 31, 2020 to 11.60 MTPA (comprising of intermediate and final products) and 227 MW to 357MW respectively. their product offerings cater to a mix of customers which consist of institutional customers and end consumers through their distribution network.

    Quick Links

    DRHP Draft Prospectus
    RHP Draft Prospectus

    Shyam Metalics IPO Registrar

    KFintech Private Limited
    Selenium Building, Tower-B, Plot No 31 & 32,
    Financial District,Nanakramguda, Serilingampally,
    Rangareddi, Telangana India - 500 032.
    Phone: 1-800-3454001
    Email: einward.ris@karvy.com
    Website: https://karisma.kfintech.com/
    Note: Check Shyam Metalics IPO allotment status on Kfintech / Karvy website allotment URL. Click Here

    Shyam Metalics IPO Lead Managers

    • Axis Capital Limited
    • ICICI Securities Limited
    • IIFL Holdings Limited
    • JM Financial Consultants Private Limited
    • SBI Capital Markets Limited

    Company Address

    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/

    Shyam Metalics IPO FAQs


    What is Shyam Metalics IPO?

    Shyam Metalics IPO is a main-board IPO. They are going to raise ₹909 Crores via IPO. The issue is priced at ₹303 to ₹306 per equity share. The IPO to be listed on BSE & NSE.

    When Shyam Metalics IPO will open?

    The IPO is to open on 14 June 2021 for QIB, NII, and Retail Investors.

    What is Shyam Metalics IPO Investors Portion?

    The investors' portion for QIB-50%, NII-15%, and Retail 35%.

    How to Apply the Shyam Metalics IPO?

    You can apply Shyam Metalics IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the Shyam Metalics IPO through Zerodha?

    Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name "Shyam Metalics". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

    What is Shyam Metalics IPO Size?

    Shyam Metalics IPO size is ₹909 crores.

    What is Shyam Metalics IPO Price Band?

    Shyam Metalics IPO Price Band is ₹303 to ₹306. They offered ₹15 discount for employee category

    What is Shyam Metalics IPO Minimum and Maximum Lot Size?

    The minimum bid is 45 Shares with ₹13,770 amount while maximum bid is 630 shares with ₹1,92,780.

    What is Shyam Metalics IPO Allotment Date?

    Shyam Metalics IPO allotment date is 21 June 2021.

    What is Shyam Metalics IPO Listing Date?

    Shyam Metalics IPO listing date is 24 June 2021. The IPO to list on BSE and NSE.

    Note: The Shyam Metalics IPO price band and date added as it is officially announced. The IPO grey market premium (Shyam Metalics premium) will be added on the IPO grey market page as it will start)