Shyam Metallics IPO- June 14, 2021

Shyam Metallics IPO- June 14, 2021

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

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.

It is 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). It operates three manufacturing plants, one in Odisha and two in West Bengal.The aggregate installed metal capacity of manufacturing plants is 5.71 as of December 31, 2020(comprising intermediate and final products). 

Points to note before investing in Shyam Metallics IPO
  • Strong financial performance and credit ratings
  • Experienced Promoters, Board and senior management team
  • Diversified product mix with strong focus on value added products
  • Leading integrated metal producer in India
  • Strategically located manufacturing plants with a robust infrastructure.
Shyam Metalics IPO Details

IPO Opening Date
June 14, 2021
IPO Closing Date
June 16, 2021
Issue Type
Book Built Issue IPO
Face Value
₹10 per equity share
IPO Price
₹303 to ₹306 per equity share
Market Lot
Min Order Quantity
Listing At
Allotment , Listing and Refunds details

IPO Open Date
June 14, 2021
IPO Close Date
June 16, 2021
Basis of Allotment Date
June 21, 2021
Initiation of Refunds
June 22, 2021
Credit of Shares to Demat Account
June 23, 2021
IPO Listing Date
June 24, 2021
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