Shyam Metalics and Energy Limited IPO: All you need to know
Shyam Metalics and Energy Limited, India’s leading integrated metal producer company, will hit the market on Tuesday, June 14, 2021, to raise Rs 909 crores through an Initial Public Offering (IPO) of its units. The company has set the IPO date as well as the price range at which the shares will be offered for sale. Let’s take a peek at the particulars of the Shyam Metalics and Energy Limited IPO.
Shyam Metalics and Energy Limited IPO Date & Price Band
| IPO Open: | 14 June 2021 |
| IPO Close: | 16 June 2021 |
| Issue Type: | Book Built Issue IPO |
| Issue Size: | Approx ₹909 Crores |
| Fresh Size: | Approx ₹657 Crores |
| Offer for Sale: | Approx ₹252 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹303 – ₹306 Per Equity Share |
| Listing on: | BSE, NSE |
Shyam Metalics and Energy Limited IPO Market Lot
| Minimum Lot Size: | Minimum 45 Shares |
| Minimum Amount: | ₹13,770 |
| Minimum Lot Size: | Maximum 630 Shares |
| Minimum Amount: | ₹1,92,780 |
Shyam Metalics and Energy Limited IPO Allotment & Listing
| Basis of Allotment: | 21 June 2021 |
| Refunds: | 22 June 2021 |
| Credit to Demat Account: | 23 June 2021 |
| Listing Date: | 24 June 2021 |
Financials of Shyam Metalics and Energy Limited IPO
| Particulars | 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|---|
| Total Assets (in ₹ millions) | 51,051.47 | 52,037.88 | 40,524.34 | 34,706.28 |
| Total Revenue (in ₹ millions) | 39,956.32 | 43,953.02 | 46,845.60 | 39,203.99 |
| Profit After Tax (in ₹ millions) | 4,563.21 | 3,403.29 | 6,367.83 | 5,280.39 |
About Shyam Metalics and Energy Limited
Shyam Metalics and Energy Limited (SMEL) is India’s biggest integrated metal producer, founded in 2002. Long steel products, such as iron pellets, sponge iron, steel billets, TMT, structural goods, wire rods, and ferroalloys, are the company’s main focus. It is the fourth-biggest participant in the sponge iron business and one of India’s largest makers of ferroalloys in terms of installed capacity as of February 2021.
The organisation caters to both institutional and end-user clients. Domestic clients include Jindal Stainless Limited and Rimjhim Ispat Limit, while international clients include Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM Global Resources, Vijayshri Steel Pvt Ltd, and others. The company works with 42 distributors to sell its products in 13 states and one federal territory.
The company currently operates three production factories in Sambalpur (Odisha), Jamuria (West Bengal), and Mangalpur (West Bengal). Its manufacturing operations have a total installed metal capacity of 5.71 million tonnes per year as of December 31, 2020. By 2025, the company wants to increase its capacity from 5.71 MTPA to 11.60 NTPA. The integrated steel manufacturing plants at Sambalpur and Jamuria manufacture captive railway sidings, captive power plants, iron pellet, sponge iron, billet, Thermo Mechanically Treated (TMT), wire rod, and structural mills, as well as ferroalloys plants. In addition, the Mangalpur industrial site includes sponge iron and ferroalloy units, as well as a captive power plant.
Objective of the Issue:
The company plans to use the funds from the IPO for the following purposes:
- Full or partial repayment and/or prepayment of debt owed by the corporation and its subsidiary (SSPL).
- To fulfil general corporate objectives.