IPO

Shyam Metalics and Energy Limited IPO

Mainboard

Steel & Iron Products

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

₹ 13770 /45 Shares

Check Allotment

14 Jun, 2021

Open Date

16 Jun, 2021

Close Date

21 Jun, 2021

Allotment Date

24 Jun, 2021

Listing Date
Price Summary

Last Closing

821.70 (168.53%)

52 Week High

1,001.00

52 Week Low

628.25

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹303-306 per equity share
    Employee Discount: ₹15
  • Face Value ₹10 Per Equity Share
  • Issue Price 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)
  • Listing at BSE, NSE
  • List Price 380.0(NSE)
  • Listing Date 2021-06-24
  • Lead Manager Axis Capital Limited, ICICI Securities Limited, IIFL Holdings Limited, JM Financial Consultants Private Limited, SBI Capital Markets Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 35%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹303-306 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jun 14, 2021 and ends on Jun 16, 2021. The allotment for IPO will be finalized on Jun 21, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jun 24, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, ICICI Securities Limited, IIFL Holdings Limited, JM Financial Consultants Private Limited, SBI Capital Markets Limited.


The IPO sets its price band at 303-306 for each share. A single application for Shyam Metalics and Energy Limited IPO must contain at least 45 shares.

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IPO Subscription Analysis And Details
Retail
11.64x
QIB
155.71x
NII
339.98x
Total
121.43x
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
Subscription on the basis of Applications
9.15
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
In Crs.
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 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.

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- 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

Pre Issue Share Holding : 100%

Post Issue Share Holding : 88.35%

IPO - Issue Objectives
1

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

2

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 - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
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