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.

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

Check out Related IPO Links:

Review Shyam Metalics IPO
Shyam Metalics IPO Allotment
LIVE Subscription – Shyam Metalics IPO

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 DateJun 14, 2021
IPO Close DateJun 16, 2021
Basis of Allotment DateJun 21, 2021
Initiation of RefundsJun 22, 2021
Credit of Shares to Demat AccountJun 23, 2021
IPO Listing DateJun 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 20Dec 1931 Mar 20Mar 19Mar 18
Total Assets51,051.4749,672.1952,037.8840,524.3434,706.28
Total Revenue39,956.3233,164.4843953.0246,845.6039,203.99
*Total Expense34,895.2230,948.8440,998.6339,206.9534,054.59
Profit After Tax4,602.102,613.973,407.616,417.595,218.79

Earnings per Equity Share (in INR millions)

Dec 20Dec 1931 Mar 20Mar 19Mar 18
Basic 19.5311.1514.5725.8618.17
Diluted19.5311.1514.5725.8618.17

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”.

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Disclaimer:

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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