Leading metal producing company to raise upto ~₹909 crores through capital markets.
Company currently have installed metal capacity of across three manufacturing plants at 5.71 MTPA and is proposed to double its capacity by 2022 to 2025
Promoters of Shyam metalics and energyk are 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.
| IPO Opens | IPO Closes | Price Band (₹/Sh) | Min Retail Application (₹) | Listing Date (On or about) |
|---|---|---|---|---|
| 14-Jun-2021 | 16-Jun-2021 | 303 to 306 | 13,635 | 24-Jun-2021 |
About Industry
India steel demand has increased at a CAGR of approximately 5.4% during Fiscal 2015 to Fiscal 2020. Going forward, steel demand is expected to recover and continue its strong growth rate at 5.0% to 6.0% through Fiscal 2025 supported by the Government led initiatives especially affordable housing and infrastructure projects in metro, road, and urban infra space (which are more steel intensive). Further, the Government’s impetus on infrastructure is expected to drive double digit steel demand growth in Fiscal 2022 (Source: CRISIL Report).
Key Pointers
- Integrated operations across the steel value chain
- Diversified product mix with strong focus on value added products, such as, ferro alloys, association with reputed customers and robust distribution network
- Strategically located manufacturing plants supported by robust infrastructure resulting in cost and time efficiencies
- Experienced Promoters, Board and senior management team
Shyam Metalics IPO Snapshot
| Issue Open | 14-Jun-2021 |
| Issue Close | 16-Jun-2021 |
| Face Value | ₹ 10/- |
| Price Band | ₹ 303 to ₹ 306 (Including premium of ₹ 293 to ₹ 296 per share) |
| Discount | Nil |
| Bid Lot | 45 shares and in mutiples |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected |
Shyam Metalics Issue & Subscribed Details
| Particulars | Issued | Subscribed |
|---|---|---|
| Issue Size | ₹909 Crores (Upper Band) | ₹ - Crores |
| QIB Portion | ~50% | x times |
| NII Portion (Application for lot size of 15 & above) | ~15% | x times |
| Retail Portion (Applications for lot size between 1 & upto 15) | ~35% | x times |
| Employees Portion | upto 0,000 shares | x times |
| Total | 100% | x times |
Shyam Metalics IPO Indicative Dates
| Issue Open | 14-Jun-2021 |
| Issue Close | 16-Jun-2021 |
| Anchor Investor Bidding | One working day prior to Issue opening date of 14-Jun-2021 (around 11-Jun-2021) |
| Announcement of Allotment | 21-Jun-2021 |
| Initiation of Refunds | 22-Jun-2021 |
| Credit of Shares | 23-Jun-2021 |
| Listing (Commencement of trading on Stock Exchanges) | 24-Jun-2021 |
Lead Managers of Shyam Metalics IPO
List of Book Running and Lead/Co-Lead Manager/s
| ICICI Securities Limited |
| Axis Capital Limited |
| IIFL Securities Limited |
| JM Financial Limited |
| SBI Capital Markets Limited |
Registrar of Shyam Metalics IPO
| KFin Technologies Private Limited |
Valuation
Company is looking at the following valuation
| Issue Size | ₹ 909 Crores (Upper Band |
| Pre-Issue Promoter's Holding | *% |
| Post Issue Promoter's Holding | TBA% |
| Pre-Issue Shares | x Crores |
| Post Issue Shares | x Crores |
| Post Issue Market Cap (based on Price band) | ₹ TBA to ₹ TBA Crores |
Check Allotment Status of Shyam Metalics IPO
| Please check below or visit here to check allotment status of IPO |
Source: DRHP, RHP, Company, Company Website | Logo/Images published in the article may be copyright of respective companies.
Frequently Asked Questions (FAQ)
| Q. How to Apply for IPO ? A. IPO can be applied Online and Offline mode. Online: a) Via Net banking of Bank website b) Via Stock brokers portal Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India. |
| Q. How to register for BHIM UPI? UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register. Source: NPCI |
| What is UPI based ASBA Process ? To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same. Source: NPCI |
| Q3? Ans Source: NPCI |
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