Shyam Metalics and Energy Limited IPO Detail
Incorporated in 2002, Shyam Metalics and Energy Limited (SMEL) is India's leading integrated metal producer company. The company is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. As of February 2021, it is among India's largest producers of ferro alloys in terms of installed capacity and the fourth-largest player in the sponge iron industry.
The company serves institutional customers and end-users. Jindal Stainless Limited, Rimjhim Ispat Limit are some of its domestic clients whereas Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM GLobal Resources, Vijayshri Steel Pvt Ltd, etc. are the international clients. The company has a partnership with 42 distributors to offer its products across 13 states and 1 union territory.
Currently, the firm has 3 manufacturing plants located in Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal. As of Dec 31, 2020, its manufacturing units have an aggregated installed metal capacity of 5.71 million tonnes per annum. The company is looking to expand its capacity from 5.71 MTPA to 11.60 NTPA by 2025. The Sambalpur and Jamuria plants are integrated steel manufacturing plants that produce captive railway sidings, captive power plants, iron pellet, sponge iron, bilet, thermo mechanically treated (TMT), wire rod, and structural mills, and ferro alloys plants. Further, its manufacturing facility at Mangalpur comprises sponge iron and ferro alloy plants, and a captive power plant.
Company PromotersMahabir 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 are the company promoters.
|IPO Opening Date||Jun 14, 2021|
|IPO Closing Date||Jun 16, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹303 - 306 per equity share|
|Market Lot||45 Shares|
|Min Order Quantity||45 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹1,107 Cr|
|Fresh Issue||657 Crore Eq Shares of ₹10 (aggregating up to ₹657.00 Cr)|
|Offer for Sale||252 crore Eq Shares of ₹10 (aggregating up to ₹450.00 Cr)|
IPO Subscription (Bidding Detail)
IPO Tentative Timetable
The Shyam Metalics and Energy Limited IPO open date is Jun 14, 2021, and the close date is Jun 16, 2021. The issue may list on Jun 24, 2021.
|IPO Open Date||Jun 14, 2021|
|IPO Close Date||Jun 16, 2021|
|Basis of Allotment Date||Jun 22, 2021|
|Initiation of Refunds||Jun 23, 2021|
|Credit of Shares to Demat Account||Jun 23, 2021|
|IPO Listing Date||Jun 24, 2021|
IPO Lot Size
The Shyam Metalics and Energy Limited IPO market lot size is 45 shares. A retail-individual investor can apply for up to 14 lots (630 shares or ₹192780).
IPO Promoter Holding
|Pre Issue Share Holding||100%|
|Post Issue Share Holding||88.35%|
For the year/period ended (₹ in Crs)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
Objects of the Issue:
The IPO proceed will be used towards the following purposes;
- Repayment and/or pre-payment of company and its subsidiary (SSPL)'s debt fully or partially.
- General corporate purposes.