Shyam Metalics and Energy IPO – Review, Allotment, Subscription, GMP & DRHP

Shyam Metalics and Energy Limited is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys and an ability to sell intermediate and final products across the value chain and a track record of positive EBITDA since commencing operations in fiscal 2005. Shyam Metalics and Energy IPO (or Shyam Metalics IPO ) comprises of  [] Equity shares, face value of Rs.10 each aggregating to Rs.9090 million.

Let’s have a detailed review of the company and analytics of the Shyam Metalics and Energy IPO release date, IPO offer price, subscription, Shyam Metalics and Energy IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Shyam Metalics and Energy IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Shyam Metalics and Energy IPO

Shyam Metalics and Energy IPOShyam Metalics and Energy Limited  is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys and an ability to sell intermediate and final products across the value chain and a track record of positive EBITDA since commencing operations in fiscal 2005 . The Issue comprises of a Public Issue of [] Equity shares of face value of Rs.10.00 each fully paid  up.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 60.12% and 498.5 %, respectively.

For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 38,484.47   Millions, Rs. 24,033.65 Millions and Rs. 19,024.77 Millions, respectively representing growth of  26.32 % from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 the net profit was Rs. 5,164.55 Millions, Rs. 862.87 Millions and Rs.  (1,167.40)  Millions, respectively, representing a growth of  498.53 % from the FY 2018-17 to FY 2016-17.

  • During the financial year 2017-18 the Other Income of the company increased to Rs.796.57  Millions as against Rs. 773.97 Millions for the financial year 2016-17, representing increase by 2.9% due to increase in interest income & insurance claim in FY 2017- 18.
  • Company’s Net Profit after tax for the year 2018-17 is Rs.5,295.55  Millions from the year 2016-17 of Rs.813.39Millions showing an increase of 551.04 % from last year, showing remarkable performance.

The Promoter of this company are 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 and Toplight Mercantiles Private Limited. The lead manager to the issue is   ICICI Securities Limited, Edelwiss Financial Services Limited, IIFL Holdings Limited and JM Financial Limited and the Registrar to this issue is  Karvy Computershare Private Limited .


Subscribe to Shyam Metalics and Energy IPO

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker



Shyam Metalics and Energy IPO Date

The opening and the closing date of IPO of Shyam Metalics and Energy Limited is not known yet.


Shyam Metalics and Energy IPO Subscription

Day / DateQIBNIIRIITotal Subscription
Day 1   
Day 2    
Day 3    
Day 4    
Day 5    

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Shyam Metalics and Energy IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


Shyam Metalics and Energy IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Shyam Metalics and Energy Limited – Company Overview

Shyam Metalics and Energy Limited  is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys and an ability to sell intermediate and final products across the value chain and a track record of positive EBITDA since commencing operations in fiscal 2005. The Company is one of the leading players in terms of  long steel product and pellet capacity, amongst the largest producer of ferro alloys domestically and the fourth largest player in the sponge iron industry terms of their annual installed capacity . The Company operates three manufacturing plants, one in Odisha and two in West Bengal. 

The Company  manufacturing plants are strategically located in close proximity to the mineral belt in eastern India including iron ore, iron ore fines, manganese ore, chrome ore and coal mines, the primary raw materials and ports which we believe enables us to source the raw materials and offer the products at cost effective and competitive prices .

The Company is promoted by 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 and Toplight Mercantiles Private Limited .

Competitive Strengths of Shyam Metalics and Energy Limited:

  • Integrated operations across the steel value chain.
  • Strategic location of our manufacturing plants supported by robust infrastructure leading to cost and time efficiencies .
  • Diversified product mix with strong focus on value added products such as ferro alloys, association with reputed customers and robust distribution network.
  • Strong financial performance and credit ratings .
  • Experienced Board and senior management team

Business strategies of Shyam Metalics and Energy Limited:

  • Expansion of the capacities .
  • Introduce new products by leveraging the forward integration capabilities .
  • Continue to maintain low leverage with healthy capitalisation metrics .
  • Expand operations and continue to improve profitability

Shyam Metalics and Energy Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & millions)
31-Mar-1831-Mar-1731-Mar-16
Total Assets34,698.1832,229.4332,459.18
Total Revenue38,484.4724,033.6519,024.77
Total Expense34,116.4923,944.7520,491.60
Profit After Tax5,295.55813.39(768.51)

Earnings per Equity Share (in INR millions)

31-Mar-1831-Mar-1731-Mar-16
Basic & Diluted-3.243.1018.23

From the above statements, one could find that the Shyam Metalics and Energy Limited may perform well.


Shyam Metalics and Energy IPO – Promoters

The Promoter of this company are:

  1.  Mahabir Prasad Agarwal,
  2. Brij Bhushan Agarwal,
  3. Sanjay Kumar Agarwal,
  4. Subham Capital Private Limited,
  5. Subham Buildwell Private Limited,
  6. Narantak Dealcomm Limited,
  7. Kalpataru Housefin & Trading Private Limited,
  8. Dorite Tracon Private Limited 
  9. Toplight Mercantiles Private Limited .

List of Related Parties (Key Managerial Personnel)

  • Brij Bhushan Agarwal,
  •  Sanjay Kumar Agarwal,
  • Dev Kumar Tiwari and Bhagwan Shaw,

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Shyam Metalics and Energy IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to [●] Equity Shares aggregating up to Rs 9,090 million
 Of which:
 Reserved for Market Makers Up to [●] Equity Shares aggregating up to Rs 90 million
 Net Issue to the Public Up to [●] Equity Shares aggregating up to Rs 9,000 million
 Of which:
 Retail Investors Portion Not more than [●] Equity Shares
 Non-Retail Investors PortionNot less than [●] Equity Shares
 Equity Shares outstanding prior to the Issue233,610,100 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

Shyam Metalics and Energy IPO Issue Object

These are the IPO Issue Objects of the company

  • Repayment and/or pre-payment, in full or part, of debt of the Company and SSPL, one of their Subsidiaries; 
  • General corporate purposes (collectively, referred to herein as the “Objects”).

List of Upcoming IPOs in 2018

Pommys Garments IPOIndo US Biotech IPOMedibios Laboratories IPOHariom Pipe IPO
R R Industrial IPOSorich Foils IPO20 Microns IPOShree Vasu Logistics IPO

Shyam Metalics and Energy IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Integrated operations across the steel value chain;
  • Strategic location of manufacturing plants supported by robust infrastructure leading to cost and time efficiencies;
  • Diversified product mix with strong focus on value added products such as ferro alloys, association with reputed customers and robust distribution network; 
  • Strong financial performance and credit ratings; and
  • Experienced Board and senior management team

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-16-3.24-5.41
31-Mar-173.105.17
31-Mar-1818.2322.9566.85
  • Competitive Peers:
ParticularsFace Value (in Rs.)EPS     (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
JSW Steel Ltd.125.7112.1422.05113.91
Tata Steel Ltd. 10128.104.4428.74513.30
Jindal Steel & Power Ltd.1-15.38NA-5.27318.46

List of Latest IPOs of 2018

Fine Organic IPOIndoStar Capital IPOCapricorn Food Products IPOFlemingo Travel Retail IPO
Nazara Technologies IPOGenius Consultants IPORail Vikas Nigam IPOVarroc Engineering IPO

Shyam Metalics and Energy IPO Lead Managers

Lead Managers
ICICI Securities Limited

Edelweiss Financial Services Limited

IIFL Holdings Limited

JM Financial Limited

Shyam Metalics and Energy IPO Registrar to offer

Registrar to the Offer
Karvy Computershare Private Limited

Karvy Selenium, Tower B
Plot 31-32, Gachibowli
Financial District, Nanakramguda
Hyderabad 500 032
Tel: +91 40 6716 2222, Fax: +91 40 2343 1551
E-mail:
Investor grievance email:
Website: http://karisma.karvy.com
Contact Person: M. Murali Krishna
SEBI Registration No. INR000000221


Other Details:

  • Statutory Auditor –  S.K. Agrawal & Co., Chartered Accountants
  • Peer Review Auditor – S.K. Agrawal & Co., Chartered Accountants
  • Bankers to the Company –  Axis Bank limited , Hdfc Bank Limited

Shyam Metalics and Energy IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Shyam Metalics and Energy IPO Grey Market Premium

The Shyam Metalics and Energy IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Subscribe to Shyam Metalics and Energy IPO

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker

Shyam Metalics and Energy IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

Calculate your return on investment!



Asset ClassROI (Rs.)Profit (Rs.)Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund

Market Guide

What is IPO?
IPO Investment
IPO Valuation
Upcoming IPOs

Featured Topics

Featured Topics
Best Discount Broker in India
Best Full Service Broker in India
Best Stock Broker in India
Best Intraday Trading Brokers in India
Best Demat Account
Brokerage Calculator
Top 10 Sub Broker Partner in India
Sub Broker Franchise
Broking Franchisee
Get 100% IPO Allotment Guarantee! Subscribe to IPO
error: Content is protected !!