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Shyam Metalics and Energy Limited is about to release its IPO on Jun 14, 2021. The issue is closing on  Jun 16, 2021, and is currently having an active grey market. The Shyam Metalics IPO GMP is running at a stable rate as per the current situation.

In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.

However, the QIB and the HNI numbers are the key indicators of GMP in the case of Shyam Metalics IPO. The company is intended to raise Rs 11,070 million by the released issue.

Shyam Metalics IPO GMP Rates, Kotak rates & SS

This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue. You can check this table related to know the IPO size, price band along with listing details, and more.

Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR)
2 July Rs.135 Rs.0 Rs.0
1 July Rs.135 Rs.0 Rs.0
30 June Rs.135 Rs.0 Rs.0
29 June Rs.135 Rs.0 Rs.0
28 June Rs.135 Rs.0 Rs.0
27 June Rs.135 Rs.0 Rs.0
26 June Rs.135 Rs.0 Rs.0
25 June Rs.135 Rs.0 Rs.0
24 June Rs.135 Rs.0 Rs.0
23 June Rs.135 Rs.0 Rs.0
22 June Rs.135 Rs.0 Rs.0
21 June Rs.135 Rs.0 Rs.0
20 June Rs.135 Rs.0 Rs.0
19 June Rs.135 Rs.500 Rs.4500
18 June Rs.140 Rs.500 Rs.4500
17 June Rs.160 Rs.500 Rs.4500
16 June Rs.160 Rs.450 Rs.4500
15 June Rs.160 Rs.450 Rs.4500
14 June Rs.160 Rs.450 Rs.4500
13 June Rs.150 Rs.450 Rs.5000
12 June Rs.150 Rs.450 Rs.5000
11 June Rs.150 Rs.450 Rs.5000
10 June Rs.130 Rs.400 Rs.4000
09 June Rs.150 Rs.450 Rs.4500
08 June Rs.140 Rs.350 Rs.4500

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    Shyam Metalics IPO Date / Timetable

    Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.

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

    Shyam Metalics IPO – Financial Performance

    The below-given table will give you the overall idea of the company’s financial performance. Check their net profit and loss statement about Shyam Metalics IPO.

    Amount (in INR & millions)
    Dec 20 Dec 19 31 Mar 20 Mar 19 Mar 18
    Total Assets 51,051.47 49,672.19 52,037.88 40,524.34 34,706.28
    Total Revenue 39,956.32 33,164.48 43953.02 46,845.60 39,203.99
    *Total Expense 34,895.22 30,948.84 40,998.63 39,206.95 34,054.59
    Profit After Tax 4,602.10 2,613.97 3,407.61 6,417.59 5,218.79

    Earnings per Equity Share (in INR millions)

    Dec 20 Dec 19 31 Mar 20 Mar 19 Mar 18
    Basic  19.53 11.15 14.57 25.86 18.17
    Diluted 19.53 11.15 14.57 25.86 18.17

    Shyam Metalics and Energy IPOFAQs Related to Shyam Metalics IPO GMP

    What is the current Shyam Metalics IPO GMP Price?

    As of today, the Shyam Metalics IPO GMP is Rs 135.

    What is the current Shyam Metalics IPO Kostak Rate?

    The Kostak rate is Rs 0  for Shyam Metalics IPO.

    What is today’s Shyam Metalics IPO Subject to Sauda Rate?

    As of today, the Shyam Metalics IPO Subject to Sauda is Rs 0.

    Where to Check Shyam Metalics IPO Allotment & Listing?

    However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: https://top10stockbroker.com/ipo-allotment-status/

    What is Kostak Price?

    To apply for an IPO, there is an application price or application charges that come along and is known as Kostak price. It is actually the premium amount at which IPO applications are being traded in the grey market.

    Is GREY market buy or sell shares illegal?

    Grey Market is basically trading that takes place before the stock of a company gets enlisted on the stock exchange. It takes place before the IPO release and the prices may change at any time. Hence, it is unofficial trading and hence, not “illegal”.



    The Shyam Metalics IPO GMP which is mentioned in the table here is only valid for a specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing the issue. He or she can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on the IPO Grey market.

    It is also requested that please do not subscribe for an IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the fundamentals of the companies.

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