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 IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face ValueRs 10
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs 4,500 million
Fresh IssueRs 6,570 million
IPO SizeRs 11,070 million
Tick Size1

Shyam Metalics and Energy IPO is listed at [●] premium. Check out the live share price by clicking on the below link.


Shyam Metalics and Energy IPO – Summary

Shyam Metalics and Energy IPO They are a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys. This company is amongst the largest producers of ferro alloys in terms of installed capacity in India, as of February 2021. 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.

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. The company has a consistent track record of delivering operating profitability, and since the commencement of the operations in Fiscal 2005, they have delivered a positive EBITDA in each of the Fiscals.

These proposed expansions are expected to become operational between Fiscal 2022 and Fiscal 2025. In addition, they are in the process of commissioning an aluminum foil rolling mill at Pakuria in West Bengal with a proposed installed capacity of 0.04 MTPA, which is expected to become operational in Fiscal 2022.
The Sambalpur and Jamuria plants operate as ‘ore to metal’ integrated steel manufacturing plants and comprise captive railway sidings, captive power plants, iron pellet, sponge iron, billet, Thermo mechanically treated (“TMT”), wire rod and structural mills, and ferro alloy plants.

The lead managers to the issue are ICICI Securities Limited, SBI CAPITAL MARKETS LIMITED, IIFL Holdings Limited, JM Financial Limited & AXIS CAPITAL LIMITED, and the Registrar to this issue is KFIN TECHNOLOGIES PRIVATE LIMITED.


Shyam Metalics IPO Date

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

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Shyam Metalics IPO GMP
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Shyam Metalics  IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Shyam Metalics and Energy IPO Allotment Status

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

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Shyam Metalics and Energy IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Shyam Metalics IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


Shyam Metalics and Energy IPO Equity Size

This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●]  per equity share aggregating to Rs 11,070 million.


Shyam Metalics IPO Share Offering

Net Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs 11,070 million.


Shyam Metalics and Energy IPO – Live Performance

The listing date of this IPO is [●] . You can check the live performance of the IPO here, only after it is listed on exchanges.


Shyam Metalics IPO Grey Market Premium

The Shyam Metalics and Energy IPO Grey Market Premium price is Rs 0, the Kostak rate is Rs 0 and the Subject to Sauda is 0. 


Shyam Metalics and Energy IPO – Company Overview

They primarily produce intermediate and long steel products, such as, iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferroalloys products with a specific focus on high margin products, such as, customized billets and specialized ferro alloys for special steel applications.
Moreover, the company also undertake the conversion of hot rolled coils to pipes, chrome ore to ferrochrome and manganese ore to silico manganese for an Indian steel conglomerate. They are also currently in the process of further diversifying their product portfolio by entering into the segments, such as pig iron, ductile iron pipes and aluminum foil.

Currently, they have eight captive power plants that utilize non-fossil fuels, such as, waste, rejects, heat, and gas, generated from the operations to produce electricity, and thereby enable the company to operate at lower power costs.

Shyam Metalics and Energy IPO – Manufacturing Units

They currently operate three manufacturing plants that are located at Sambalpur in Odisha, and Jamuria and Mangalpurin West Bengal. As of December 31, 2020, the aggregate installed metal capacity of their manufacturing plants was 5.71 million tonnes per annum (“MTPA”).Their manufacturing plants also include captive power plants with an aggregate installed capacity of 227 MW, as of December 31, 2020.

They are also in the process of increasing the capacities of their existing manufacturing plants and captive power plants, which is expected to increase the aggregate installed metal capacity (comprising of intermediate and final products) from 5.71 MTPA, as of December 31, 2020, to 11.60 MTPA and captive power plants aggregate installed capacity from 227 MW, as of December 31, 2020, to 357 MW.

Also, integrated manufacturing plants are fungible by design, which provides them with the ability to quickly adapt to continuously evolving market conditions, change the production and product offerings and optimize their operating margins thereby insulating them from price volatility.

Further, their Mangalpur plant comprises sponge iron and ferroalloy plants, and a captive power plant. In Fiscals 2018, 2019 and 2020, and the nine months ended December 31, 2020, power units produced from the captive power plants accounted for 90.06%, 87.32%, 85.19%and 79.58%, respectively, of their total power units consumed.


Shyam Metalics IPO – Financial Statements

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

Financial Summary:

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

They have a relatively better financial strength as compared to other companies operating in the long and intermediary steel sector. The company had reported healthy operational as well as financial growth despite downturns in the industry (especially during Fiscal 2009 and Fiscal 2015). Their revenue from operations increased at a CAGR of 6.56% from Rs 38,425.66 million in Fiscal 2018 to Rs 43,628.86 million in Fiscal 2020 and was Rs 39,330.84 million in the nine months ended December 31, 2020.

Moreover, the EBITDA amounted to Rs 6,340.53 million and Rs 7,173.17 million in Fiscal 2020 and the nine months ended December 31, 2020, respectively. Further, according to the CRISIL Report, Company is also the least leveraged group among its peers.

As of March 31, 2018, 2019 and 2020 and as of December 31, 2020, the Gross Debt to Equity ratio was 0.30, 0.29, 0.47 and 0.27, respectively. Also, RoCE for Fiscals 2018, 2019 and 2020 and for the nine months ended December 31, 2020 was 19.58%, 24.69%, 9.49% and 13.30%, respectively.


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, Vice Chairman and Managing Director
  • Sanjay Kumar Agarwal, Joint Managing Director
  • Dev Kumar Tiwari, Director
  • Bhagwan Shaw, Director

Shyam Metalics IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to [●] Equity Shares aggregating up to Rs 11,070 million
Fresh IssueUp to [●] Equity Shares aggregating up to Rs 6,570 million
Offer for SaleUp to [●] Equity Shares aggregating up to Rs 4,500 million by the Selling Shareholders
 Of which:
Employee Reservation PortionUp to 300,000 Equity Shares aggregating up to Rs X
 Net Issue to the Public Up to [●] Equity Shares aggregating up to Rs X
 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”).

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 a 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-2014.5712.04140.63
31-Mar-1925.8624.27120.97
Mar-1818.1722.89NA

 


Shyam Metalics and Energy IPO – Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
Shyam Metalics and Energy10[●]14.5712.0443,953.02
Listed Peers
Tata Steel Limited1057.3811.861.5414,16,601
JSW Steel Limited124.2516.7810.877,38,720
Steel Authority of India Limited1012.635.135.116,25,700
Jindal Steel & Power Limited1NA(1.08)(1.28)3,69,437
Tata Steel Long Products Limited10NA(142.81)(25.59)35,713

Shyam Metalics and Energy IPO – Business strategies

To sum up, these are the business strategies the company is following for its business expansion

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

Shyam Metalics and Energy IPO Lead Managers

Lead Managers

ICICI Securities Limited

SBI CAPITAL MARKETS LIMITED

IIFL Holdings Limited

JM Financial Limited

AXIS CAPITAL LIMITED

Shyam Metalics IPO Registrar to offer

Registrar to the Offer
KFIN TECHNOLOGIES PRIVATE LIMITED
(Formerly known as “Karvy Fintech Private Limited”)
Selenium Tower B, Plot No. 31 & 32, Financial District, Nanakramguda,
Serilingampally, Hyderabad 500 032
Tel: +91 40 6716 2222
E-mail: einward.ris@karvy.com
Investor grievance email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221

Shyam Metalics and Energy IPO – Other Details

  • Statutory Auditor –  S.K. Agrawal & Co., Chartered Accountants
  • Legal Counsel to the Company – J. Sagar Associates
  • Bankers to the Company –  Axis Bank limited, Hdfc Bank Limited, ICICI Bank Limited, UCO Bank, State Bank of India, Yes Bank Limited, IDFC First Bank Limited

Shyam Metalics and Energy IPO Review by 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

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