Shyam Steel Industries Limited IPO Dates, Size, Allotment, Bid Details, GMP & DRHP
Last Updated Date: Nov 19, 2022Let’s have a detailed review of the company and analytics of the Shyam Steel Industries Limited IPO release date, IPO offer price, subscription, Shyam Steel Industries IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
| Face Value | Rs 10 |
| Price Band | NA |
| Listing At | BSE SME |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs [●] Lakhs |
| Fresh Issue | Rs [●] Lakhs |
| IPO Size | Rs [●] Lakhs |
| Tick Size | Rs.1 |
Shyam Steel Industries IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
| Shyam Steel Industries Share Price – Live Performance |
Summary of Shyam Steel Industries IPO
They are one of the leading premium branded thermo mechanically treated rebar (“TMT Rebar”) players in India having integrated steel plants and a strong brand identity and recall amongst end customers (source: CRISIL Report). They are primarily involved in the production of TMT Rebar with backward integration in sponge and billet and sale of premium TMT bars (long steel products) in India (source: CRISIL Report).
In the institutional segment, they sell quality TMT Rebar for projects of large government entities including public sector undertakings, National Highway Authority of India (“NHAI”), railways, military engineer services, Nuclear Power Corporation of India (“NPCI”) and various state governments. They have delivered strong and consistent financial growth by maintaining low leverage since Fiscal 2016.
The Promoters of this company are Purushottam Beriwala, Govind Beriwal, Lalit Beriwala, Ravi Beriwala, Brijesh Beriwala and Manish Beriwala. The book running lead managers to the issue are Axis Capital Limited, Edelweiss Financial Services Limited, IIFL Holdings Limited and SBI Capital Markets Limited and the Registrar to this issue is Link Intime India Private Limited.
Shyam Steel Industries IPO Date
The opening and the closing date of Shyam Steel Industries Limited IPO is not known yet.
Check out Related IPO Links:
| Shyam Steel Industries IPO GMP |
| Allotment of Shyam Steel Industries IPO |
Shyam Steel Industries IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| 4th Day – | ||||
| 5th Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Shyam Steel Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Shyam Steel Industries IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is Rs.[●]
Shyam Steel Industries IPO Equity Size
This Initial Public Issue of [●] Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.
Shyam Steel Industries IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Eq Shares by their Company, aggregating to Rs.[●] Lakhs,
Issue Size: [●] Eq Shares of Rs.10 each, aggregating to Rs.[●] Lakhs
Offer for Sale: Offer for sale consists of Up to [●] Eq Shares of face value of Rs.10 each, aggregating Rs.[●] Lakhs.
Shyam Steel Industries 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.
| Live IPO Performance – Shyam Steel Industries Share Price |
Shyam Steel Industries IPO Grey Market Premium
The Shyam Steel Industries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Shyam Steel Industries Limited – Company Overview
The Company was originally incorporated as Shyam Shree Steels Limited on March 8, 2002 at Kolkata as a public limited company under the Companies Act, 1956, and was granted the certificate of incorporation by the RoC. Subsequently, the name of the Company was changed to Shyam Steel Industries Limited and a fresh certificate of incorporation consequent on change of name was granted by the RoC on December 18, 2003.
Business strategies of Shyam Steel Industries Limited
- Focus on expansion of Retail Customer base
- Continue to expand the Institutional Customer base by being an approved supplier of quality TMT Rebar from more number of government entities
- Focus on backward integration and organic and selective inorganic expansion
- Continue to focus on improvising the manufacturing process and capabilities
- Maintain strong financial performance and low leverage
Shyam Steel Industries 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 of Shyam Steel Industries Limited IPO
On the basis of Consolidated statement:-
| Amount (in INR Million) |
||||
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 13,185.01 | 11,506.77 | 10,162.73 | 9,720.81 |
| Total Revenue | 20,025.50 | 21,475.89 | 15,151.61 | 11,619.74 |
| Total Expense | 18,366.77 | 20,164.13 | 14,659.74 | 11,518.48 |
| Profit After Tax | 1,313.49 | 1,093.60 | 446.76 | 74.00 |
| EBITDA | 2,369.87 | 2,399.74 | 1,702.72 | 1,355.33 |
Earnings per Equity Share (in lakhs)
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 21.19 | 17.63 | 6.83 | 1.09 |
From FY 2015-16 to FY 2018-19 till 31-Dec-18, as per the Restated Financial Statements
During the FY16-FY18 period, SSIL’s average net margin of 2.8% has been higher than the average margins of large as well as mid sized players compared in the set which stood at 1.4% and -3.7% respectively.
SSIL’s rebar production has grown at healthy pace to reach 0.46 MT in FY19 from 0.24 MT in FY16. Resultantly the company’s utilization levels have improved from 65% in FY16 to 83% in FY19. The annual production capacity of the company, too has increased from 0.32 MMTPA in FY14 to 0.64 MMTPA as of FY19. As a result of capacity addition in FY19, there is drop in the capacity utilizations from 94% in FY18 to 83% for FY19.
Over the past three fiscals (FY15-FY18 period), SSIL’s annual revenue has grown at a CAGR of 24% which is considerably higher than the CAGR of large and mid-sized players in the Industry. Annual revenue of large players grew at a CAGR of 11% in the past three years, while for mid-sized players, the CAGR recorded was 10%. When compared with large players in the set (JSPL,JSW,RINL,SAIL,TATA), SSIL’s has exhibited the best CAGR of revenue growth of 24% during FY15-FY18.
Shyam Steel Industries Limited IPO – Promoters
The Promoter of this company is:
- Purushottam Beriwala
- Govind Beriwal
- Lalit Beriwala
- Ravi Beriwala
- Brijesh Beriwala
- Manish Beriwala
List of Related Parties (Key Managerial Personnel)
- Purushottam Beriwala, Govind Beriwal, Lalit Beriwala, Manish Beriwala, Ravi Beriwala, Deepak Chowdhary: Wholetime Directors
- Suket Beriwal, Raghav Beriwal, Siddharth Beriwal: VP – Strategy and Operations of the Company
- Nikunj Beriwal: CFO
- Prashant Damani: Company Secretary & Compliance Officer
- Vikash Goel: President – Marketing of the Company
- Rabindra Kumar Sharma: President – Marketing of the Company
- Vinay Kumar Singh: President – Plant (Technical) of Shyam Steel Manufacturing Limited
- Sribesh Beltharia: Vice President – Human Resource
Shyam Steel Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto [●] *Equity Shares of M 10 each for cash at a price of M [●] per share aggregating M [●] lakhs. |
| Of which: | |
| Reserved for Market Makers | Upto [●]Equity Shares of M 10 each for cash at a price of M [●] per share aggregating M [●] lakhs |
| Net Issue to the Public | Upto [●] Equity Shares of M 10 each for cash at a price of M [●] per share aggregating M [●] lakhs |
| Of which: | |
| Retail Investors Portion | Upto [●] Equity Shares of M 10 each at a price of M [●] per Equity Share will be available for allocation for Investors of up to M 2.00 lakhs |
| Non-Retail Investors Portion | Upto [●] *Equity Shares of M 10 each at a price of M [●] per Equity Share will be available for allocation for Investors of up to M 2.00 lakhs |
| *Equity Shares outstanding prior to the Issue | [●] Equity Shares |
| Equity Shares outstanding after the Issue | Upto [●] Equity Shares |
Shyam Steel Industries IPO Issue Object
The Company propose to utilise the Net Proceeds towards funding the following objects:
- Repayment/prepayment of certain borrowings of the Company and the Subsidiary, SSML; and
- General corporate purposes.
Shyam Steel Industries 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:
- Premium branded TMT Rebar player with focus on Retail Customers;
- Successful expansion through focus on backward integration and selective inorganic expansion;
- Strong and consistent financial performance with low leverage;
- Strong brand recall with a robust sales process; and
- Experienced management and operational team and with strong domain expertise.
The relevant quantitative factors are:
On the basis of consolidated statement:-
| Basic & Diluted EPS | RONW | NAV (Rs.) | |
| 31-Dec-18 | 21.19 | 18.88% | 112.22 |
| 31-Mar-18 | 17.63 | 19.37% | 91.00 |
| 31-Mar-17 | 6.83 | 9.70% | – |
| 31-Mar-16 | 1.09 | 1.66% | – |
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
| Particulars | P/E ratio |
| Highest | 36.15 |
| Average | 17.25 |
| Lowest | 4.46 |
- Competitive Peers:
| Sr. No. | Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio | RONW (%) | NAV (In Rs.) |
| 1 | Shyam Steel Industries Limited | 10 | 17.63 | – | 19.37% | 91.00 |
| 2 | JSW Steel Limited | 10 | 25.85 | 11.14 | 22.20% | 114.43 |
| 3 | Kamdhenu Limited | 10 | 6.70 | 36.15 | 10.91% | 61.37 |
Shyam Steel Industries Limited IPO Lead Managers
| Book Running Lead Managers |
|
Axis Capital Limited Edelweiss Financial Services Limited IIFL Holdings Limited SBI Capital Markets Limited |
Shyam Steel Industries IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park, Lal Bhadur Shastri Marg, Vikhroli (West), Mumbai 400 083 Tel: +91 022 49186200 Email: shyamsteel.ipo.linkintime.co.in Investor grievance email: shyamsteel.ipo@linkintime.co.in Website: www.linkintime.co.in Contact person: Shanti Gopalkrishnan SEBI registration number: INR000004058 |
Shyam Steel Industries Limited Other Details:
- Statutory Auditor – B S R & Co. LLP
- Peer Review Auditor – NA
- Bankers to the Company – Escrow Collection Bank, Refund Bank, Public Issue Bank and Sponsor Bank
Shyam Steel Industries IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Shyam Steel Industries Limited IPO News
News 1 – Download DRHP Prospectus
Shyam Steel Industries IPO Review FAQs
Ques – What is the Issue Size of Shyam Steel Industries IPO?
Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Shyam Steel Industries IPO Open Date?
Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.
Ques – What is the IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. Date when the listing would be done is stagnant on NA.
Ques – Who is the Registrar of this IPO?
Answer – One of the reputed registrars are managing the issue of this IPO, i.e. NA. Their website will help you regarding the further information you are on a lookout for.
Ques – Who is the Promoter of this Company?
Answer – Here are the promoters of this company – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Shyam Steel Industries IPO?
Answer – We have obtained the GMP of this IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Shyam Steel Industries IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of this Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Lakhs is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.
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