Shyam Metalics IPO Review & Details

Shyam Metalics IPO Review & Details

Shyam Metalics and Energy Limited
SHYMMETAL
45Min. quantity
₹303 - ₹306Price range
45 lots Max. lot size
₹909 Cr IPO Size

IPO Timeline

Application start
14-06-2021

Application end
16-06-2021

Allotment begins
21-06-2021


Refund Initiation
22-06-2021


Allotment date
23-06-202


Listing on exchange
24-06-2021

Registrar information
Name
Mr. Birendra Kumar Jain
Contact no.
+91 33 4016 4000
Email ID
compliance@shyamgroup.com

Company details

Kolkata-based Shyam Metalics and Energy is a steel manufacturer with a focus on long steel products and ferro alloys (a high-margin product). The company has three manufacturing units in India with an aggregate operating capacity of 5.70 MTPA. It has a strong track record of profitability. The company has reported positive operating profits each fiscal year since 2005. Even in a pandemic-hit year, the company reported an EBITDA (earnings before interest, tax, depreciation and amortisation) of ₹717 crore and net profit of ₹456 crore in the first three quarters of FY21. The company—which caters to end-users as well as institutional customers—is the least leveraged among its peers. Further, it has a negligible debt-to-equity ratio of 0.27x as of December 2020.

Of the ₹909 crore IPO size, ₹657 crore is the fresh issue accounts and the rest of ₹252 crore is the offer for sale. The money raised from the fresh issue will be used for repaying debt and general corporate purposes.

How to Apply

Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ‘Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app. We have noticed a significant delay in UPI payment SMS/notifications from NPCI. Request you to be patient. Please ignore this message if you’ve accepted the mandate.

How to check your IPO allocation status

Shyam Metalics and Energy IPO allotment status will be available on or around 21 June 2021. The allotted shares will be credited to the demat account by 23 June 2021. We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after June 16).

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