Shyam Metalics IPO Details

Shyam Metalics IPOShyam Metalics IPO description – Shyam Metalics and Energy is a leading integrated metal producing company with a focus on ferro alloys  and intermediate and long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products and wire rods. It is amongst 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.

The company operates three manufacturing plants that are located at Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal with aggregate installed metal capacity of 5.71 million tonne per annum (MTPA) as of 31 December 2020. Its manufacturing plants also include captive power plants with an aggregate installed capacity of 227 MW. The company is in the process of increasing the capacities of its existing manufacturing plants and captive power plants to 11.60 MTPA and 357 MW, respectively. Shyam Metalics is also commissioning an aluminium foil rolling mill at Pakuria in West Bengal with a proposed installed capacity of 0.04 MTPA, which is expected to become operational in FY2022.

Promoters of Shyam Metalics and Energy – 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 and Toplight Mercantiles Private Limited
Shyam Metalics IPO details
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

Shyam Metalics Performance (in INR crore)

  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

Registrar of Shyam Metalics IPO

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: [email protected]
Website: www.kfintech.com

Shyam Metalics Contact Details

Shyam Metalics and Energy Limited
Trinity Tower, 7th Floor,
83, Topsia Road,
Kolkata – 700046, West Bengal
Phone: +91 33 4016 4000
Email: [email protected]
Website: www.shyammetalics.com

Valuation of Shyam Metalics (as of FY2020)

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

Shyam Metalics IPO Subscription Details

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

Shyam Metalics IPO Reviews

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Shyam Metalics IPO Allotment Status

Shyam Metalics IPO allotment status is now available on KFin Technologies’ website. Click on this link to get allotment status.

Listing Performance of Shyam Metalics

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)

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