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
| 45 Shares
|
Min Order Quantity
| 45 Shares
|
Listing At
| BSE, NSE
|
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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