Shyam Metalics IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 14 Jun 2021 - 16 Jun 2021
Issue Size ₹909.00 Cr
Issue Price ₹303-306
Market Lot 45 Shares
Shares on Offer
Registrar KFintech
GMP ₹130-132
Kostak ₹450-500
Subject to Sauda ₹4500-4800
Listing Date 24 Jun 2021
Listing Price N/A
Listing Gain% N/A

About Shyam Metalics and Energy Limited

Shyam Metalics is a leading integrated metal producing company based in India with a focus on Long Steel Products and Ferro Alloys. They have a consistent track record of delivering operating profitability, and since the commencement of their operations in Fiscal 2005, they have delivered a positive EBITDA in each of the Fiscals.

As of March 31, 2020, they were 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 industry capacity in India (Source: CRISIL Report). They operate three manufacturing plants, one in Odisha and two in West Bengal. The aggregate installed metal capacity of their manufacturing plants is 5.71 as of December 31, 2020(comprising intermediate and final products). Their manufacturing plants also include captive power plants with an aggregated installed capacity of 227 MW as of December 31, 2020 their Sambalpur manufacturing plant caters to customers in Southern and western regions of India whereas their Jamuria and Mangalpur manufacturing plants caters to customers in Northern and Eastern regions of India.

Company Promoters

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 are the company promoters.

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 52,037.88 40,524.34 34,706.28
Total Revenue (In ₹ Millions) 43,953.02 46,845.60 39,203.99
Profit After Tax (PAT) (In ₹ Millions) 3,403.29 6,367.83 5,280.39

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda

Strengths & Weaknesses

Strength
Weakness

Shyam Metalics and Energy Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 14 Jun 2021 0.00 0.70 2.19 1.23
Day 2 - 15 Jun 2021 0.81 2.60 5.80 3.65
Day 3 - 16 Jun 2021 155.71 339.98 11.64 121.43

Allotment Status

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IPO Allotment Status

Shyam Metalics and Energy Limited IPO FAQs

  1. When will Shyam Metalics and Energy Limited IPO open?

    Shyam Metalics and Energy Limited IPO will open on 14 Jun 2021 and close on 16 Jun 2021.

  2. What is the listing date of Shyam Metalics and Energy Limited IPO?

    Shyam Metalics and Energy Limited IPO will list on 24 Jun 2021.

  3. What is the offer price of Shyam Metalics and Energy Limited IPO?

    The offer price of Shyam Metalics and Energy Limited IPO is ₹303-306.

  4. What is the lot size of Shyam Metalics and Energy Limited IPO?

    The lot size of Shyam Metalics and Energy Limited IPO is 45.

  5. What is the Grey Market Premium (GMP) price of Shyam Metalics and Energy Limited IPO?

    The Grey Market Premium (GMP) price of Shyam Metalics and Energy Limited IPO is ₹130-132.

  6. What is the Kostak price of Shyam Metalics and Energy Limited IPO?

    The Kostak price of Shyam Metalics and Energy Limited IPO is ₹450-500.

  7. What is the Subject to Sauda price for Shyam Metalics and Energy Limited IPO?

    The Subject to Sauda price for Shyam Metalics and Energy Limited IPO is ₹4500-4800.

Shyam Metalics and Energy Limited IPO Review/Comments

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