Grey Market Shyam Metalics IPO: Let us have a detailed review of Shyam Metallics & Energy company and other details like IPO release date analytics, IPO offer price, subscription, Shyam Metallics IPO allotment, gray market price and other details like company background, financial condition, promoters and accessories.
|Face Value||Rs 10|
|Price Band||Rs 303 to Rs 306|
|Listing At||BSE, NSE|
|Min. Order Quantity||45 Shares|
|Listing Date||Jun 24, 2021|
|Offer for Sale||Rs 4,500 million|
|Fresh Issue||Rs 6,570 million|
|IPO Size||Rs 11,070 million|
Grey Market Shyam Metalics IPO – Summary
They are a leading integrated metal manufacturing company based in India, focusing on long steel products and ferrous alloys. The company is one of the largest ferrous alloy producers in terms of installed capacity in India as of February 2021. They have the capability to sell intermediates and end products in the steel value chain. As of 31 March 2020, they are 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.
As of 31 March 2020, they are one of the leading integrated steel and ferroalloy manufacturers in the Eastern Region of India in terms of long steel products. The company has a consistent track record of delivering operational profitability, and since its inception. Operating in FY 2005, they have delivered positive EBITDA in every financial.
The proposed expansion is expected to be operational between FY 2022 and FY 2025. Additionally, they are in the process of commissioning an aluminum foil mill in Pakuria, West Bengal with a proposed installed capacity of 0.04 MTPA, which is expected to be operational. in the 2022 fiscal year.
The Sambalpur and Mushroom mills operate as ‘ore to metal’ integrated steelmaking plants and include rail anchors, captive power plants, iron pellets, sponge iron, billets, thermomechanical treatment (“TMT”), wire rods and structural mills, and ferroalloys. . Plant.
The principal managers of this issue are ICICI Securities Limited, SBI Capital Markets Limited, IIFL Holdings Limited, JM Financial Limited and Axis Capital Limited, and the registrar of the issue is KFIN Technologies Private Limited.
Grey Market Shyam Metalics IPO Date
The opening and the closing date of the IPO of Shyam Metalics and Energy Limited are Jun 14, 2021, and Jun 16, 2021, respectively.
Shyam Metalics IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day –|
|2nd Day –|
|3rd Day –|
|Shares Offered or Net Issue|
The shares subscribed by the public will be updated here.
Shyam Metalics and Energy IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of equity shares on the basis of fresh issues and transfer of proposed shares from promoter selling shares on the basis of offers for sale to successful bidders. However, the allocation status has not been disclosed.
Grey Market Shyam Metalics IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
|Basis of Allotment Finalization||Jun 21, 2021|
|Refunds Initiation||Jun 22, 2021|
|Credit of Shares to Demat Account||Jun 23, 2021|
|Share Listing Date||Jun 24, 2021|
Shyam Metalics IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 303 to Rs 306
Grey Market Shyam Metalics IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.Rs 303 to Rs 306 per equity share aggregating to Rs 11,070 million.
Shyam Metalics IPO Share Offering
Net Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs 11,070 million.
Grey Market Shyam Metalics IPO – Company Overview
They mainly produce medium and long steel products, such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and high-margin products with a particular focus on ferroalloy products, such as Special Ferroalloys Products for Special Billets and Special Ferroalloys. steel application.
In addition, the company pipes hot rolled coils, converts chrome ore to ferrochrome, and manganese ore to silicon manganese for an Indian steel conglomerate. They are in the process of further diversifying their product portfolio by foraying into segments such as Pig Iron, Ductile Iron Pipe and Aluminum Foil.
Currently, they have eight captive power plants that use non-fossil fuels such as waste, heat and gas generated from operations to generate electricity, thus enabling the company to operate with lower electricity costs. is.