HomeIPOShyam Metalics and Energy Limited IPO Details

Shyam Metalics and Energy Limited IPO Details

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Shyam Metalics IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

Shyam Metalics IPO

About Shyam Metalics and Energy

Shyam Metalics and Energy Limited is one of the leading integrated metal producing company based in India with a focus on long steel products and ferro alloys. The company is the largest producers of ferro alloys in terms of installed capacity in India, as of February 2021.

The company is 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 also one of the leading integrated steel and ferro alloys producers in the eastern region of India in terms of long steel products, as of March 31, 2020. The company has the consistent track record of delivering operating profitability, and since the commencement of the operations in Fiscal 2005, they have delivered a positive EBITDA in each of the Fiscals.

The company is currently operate three manufacturing plants that are located at Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal.

Important Details – Shyam Metalics and Energy

DateDetails
Dec 10, 2002Incorporated as Shyam DRI Power Limited at Kolkata, West Bengal, India as a public limited company
Nov 23, 2009The name of the Company was changed to Shyam Metalics and Energy Limited

Shyam Metalics and Energy IPO Price – Details

DescriptionDetails
Public IssuePublic issue [.] Equity Shares of ₹10 (aggregating up to ₹909.00 Cr), fresh issue of [.] Eq Shares of ₹10 (aggregating up to ₹657.00 Cr) and offer for sale upto [.] Eq Shares of ₹10 (aggregating up to ₹252.00 Cr)
Issue Open  Date14-Jun-21
Issue Close Date16-Jun-21
Issue TypeBook Built 
IPO Price Band₹ 303 to ₹ 306 per equity share
Face Value ₹ 10
Market Lot 45 Equity Shares and in multiples thereof
Minimum Order Quantity 45 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing BSE, NSE
NSE SymbolSHYMMETAL
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Shyam Metalics and Energy IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum145₹ 13,770
Maximum14630₹ 1,92,780

Objects of the Issue

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The Company proposes to utilise the Net Proceeds from the Offer towards funding the following objects:

  1. Repayment and/or pre-payment, in full or part, of debt of the Company and SSPL, one of its
    Subsidiaries; and
  2. General corporate purposes.

Shyam Metalics and Energy IPO Lead Managers

  • Axis Capital Limited
  • ICICI Securities Limited
  • IIFL Holdings Limited
  • JM Financial Consultants Private Limited
  • SBI Capital Markets Limited

Shyam Metalics and Energy Registrar

  • KFin Technologies Private Limited

Shyam Metalics and Energy IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on14-Jun-21
Bid / Offer Closes on16-Jun-21
Finalisation of Basis of Allotment21-Jun-21
Initiation of refunds 22-Jun-21
Credit of the Equity Shares23-Jun-21
Commencement of trading – Listing24-Jun-21

Shyam Metalics and Energy IPO DRHP & RHP

Shyam Metalics and Energy IPO DRHP
Shyam Metalics and Energy IPO RHP

Shyam Metalics and Energy IPO – FAQS

When Shyam Metalics and Energy IPO will open ?

The Shyam Metalics and Energy IPO opens on Jun 14, 2021 and closes on Jun 16, 2021

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

Shyam Metalics and Energy IPO lot size is 45 Shares and the minimum order quantity is 45 Shares

What is the price band for Shyam Metalics and Energy IPO ?

The Shyam Metalics and Energy IPO price band from Rs.303 to Rs.306 per share

Who is the Registrar for Shyam Metalics and Energy IPO ?

The Registrar is KFin Technologies Private Limited

How to apply in Shyam Metalics and Energy IPO through UPI?

Check the step by step process here – Click here

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