IPO Central

Shyam 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