Shyam Metalics and Energy Limited IPO

Mainboard

Steel & Iron Products

Listed On: Jun 24, 2021 at ₹ 380.0(NSE)

₹ 13770 /45 Shares

Check Allotment

Price Summary

Last Closing

930.50 (204.08%)

52 Week High

932.75

52 Week Low

420.20

Last Update

20-Sep-2024 3:30 PM

IPO Details

14 Jun, 2021

Open Date

16 Jun, 2021

Close Date

21 Jun, 2021

Allotment Date

24 Jun, 2021

Listing Date

Issue Price

₹303-306 per equity share
Employee Discount: ₹15

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

380.0(NSE)

Listing Date

2021-06-24

Market Lot

45 Shares (₹13,770/-)

Lead Manager

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

Issue Size

2,97,05,882 Eq Shares of ₹10(aggregating up to ₹909.00 Cr)

Fresh Issue: 2,14,70,588 Eq Shares of ₹10 (aggregating up to ₹657.00 Cr)

Offer for Sale: 82,35,294 Eq Shares of ₹10 (aggregating up to ₹252.00 Cr)

Retail Portion

35%

Subscription

121.43 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Total
Shares Offered / Reserved	59,40,889	44,55,000	1,03,95,001	3,00,000	2,10,90,890
Day 1 - 14-06-20 05:00 PM	0.00 x	0.71	2.18 x	0.27 x	1.23 x
Day 2 - 15-06-20 04:30 PM	0.82 x	2.11	5.57 x	0.76 x	3.43 x
Day 3 - 16-06-20 05:00 PM	155.71 x	339.98	11.64 x	1.55 x	121.43 x

Total No. of Applications: 2113397 (Approx)

Retail Subscription on the basis of Applications: 9.15 times

Valuations

Earnings Per Share (EPS)

₹19.53/-

P/E Ratio

22.91

RoNW

13.89%

Net Asset Value (NAV) - As on 31.03.2021

₹140.63

Company Financials All values are in ₹ Cr.

	31-Dec-20	31-Mar-20	31-Mar-19	31-Mar-18
Assets	5,105.14	5,203.78	4,052.43	3,470.62
Revenue	3,995.63	4,395.30	4,684.56	3,920.39
Profit After Tax	456.32	340.32	636.78	528.03

About The Company

Shyam Metalics is a leading integrated metal producing company based in India (Source: CRISIL Report) with a focus on long steel products and ferro alloys. There are amongst the largest producers of ferro alloys in terms of installed capacity in India, as of February 2021 (Source: CRISIL Report). They have the ability to sell intermediate and final products across the steel value chain. 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 capacity in India (Source: CRISIL Report). They were 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 (Source: CRISIL Report). They have a consistent track record of delivering operating profitability, and since the commencement of our operations in Fiscal 2005, we have delivered a positive EBITDA in each of the Fiscals.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Shyam Metalics & Energy Limited	2.18	22.91	12.04%	4,395.30
Tata Steel Limited	1.36	16.37	8.32%	1,41,660.14
JSW Steel Limited	3.77	32.49	11.59%	73,872.00
Steel Authority of India Limited	0.94	11.73	8.05%	62,570.00
Jindal Steel & Power Limited	1.75	10.95	15.94%	36,943.70
Tata Steel Long Products Limited	1.45	6.58	22.05%	3,571.30

IPO - Ratings

Angel Broking	Subscribe
Axis Capital	None
Capital Market	Subscribe
Canara Bank	Subscribe
HDFC Securities Limited	None
Hem Securities	Subscribe
ICICI Direct	None
Investmentz Ltd	Subscribe for Long Term
Kotak Securities	None
Reliance Securities Limited	Subscribe
Ventura Securities Limited	Subscribe

- Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 88.35%

Company Promoter(s)

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
Toplight Mercantiles Private Limited

IPO - Issue Objectives

Repayment and/or pre-payment of company and its subsidiary (SSPL)'s debt fully or partially.
General corporate purposes.

IPO - Anchor Investors

Shyam Metalics raises ₹270 crore from 21 anchor investors.

Marquee investors who participated in the anchor portion included Edelweiss Alternative Investment Opportunities Trust, Abakkus Growth Fund, Aditya Birla Sun Life, Kotak MF, Integrated Core Strategies, SBI General Insurance, Aurigin Master Fund, IIFL Asset Management, Kuber India Fund, Elara India Opportunities Fund, Nippon Life, Dovetail India Fund, L&T MF, Saint Capital Fund, and GAM Multistock.

IPO - FAQs

Ans. Shyam Metalics and Energy Limited IPO is a Mainboard IPO. The issue is priced at ₹303-306 per equity share Employee Discount: ₹15. The minimum order quantity is 45 Shares. The IPO opens on Jun 14, 2021, and closes on Jun 16, 2021. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

Ans. The size of Shyam Metalics and Energy Limited IPO is 2,97,05,882 Eq Shares of ₹10(aggregating up to ₹909.00 Cr) Fresh Issue: 2,14,70,588 Eq Shares of ₹10 (aggregating up to ₹657.00 Cr) Offer for Sale: 82,35,294 Eq Shares of ₹10 (aggregating up to ₹252.00 Cr).

Ans. The IPO price band is set between ₹303-306 per equity share Employee Discount: ₹15.

Ans. To apply for Shyam Metalics and Energy Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Shyam Metalics and Energy Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Shyam Metalics and Energy Limited IPO is Jun 21, 2021.

Ans. The Shyam Metalics and Energy Limited IPO will be listed on Jun 24, 2021.

Ans. Follow the steps to check the allotment status for Shyam Metalics and Energy Limited IPO here.