Shyam Metalics and Energy IPO
Shyam Metalics and Energy Limited is coming out with a fresh public issue to raise ₹ 909 crores from the market.
Shyam Metalics and Energy Limited (SMEL) was incorporated on Dec 10, 2002. SMEL is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys in terms of installed capacity in India, as of Feb 2021. As of March 31, 2020, the company was one of the leading players in terms of pellet capacity and the 4th largest player in the sponge iron industry in terms of sponge iron capacity in India. Since the commencement of its operations in FY2005, the company has delivered a positive EBITDA in each Fiscal.
SMEL primarily produces intermediate and long steel products, such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods and ferro alloy products with a specific focus on high margin products, such as customised billets and specialised ferro alloys for special steel applications.
SMEL has 3 manufacturing units with an aggregate operating capacity of 5.70 MTPA with 227 MW of Captive Power Plant. Its plants are located at Sambalpur in Odisha and Jamuria and Mangalpur in West Bengal. As of Dec 31, 2020, the company had partnerships with 42 distributors, who stock and sell their finished products across 13 states and 1 union territory in India.
Shyam Metalics and Energy IPO Details
Here are some more details regarding the issue:
|Issue opens||:||June 14, 2021 (Monday)|
|Issue closes||:||June 16, 2021 (Wednesday|
|Price band||:||₹ 303 – 306 per equity share|
|Bid lot||:||45 shares and in multiples thereof|
|Issue Size||:||₹ 909 crores|
|Issue Break-up||:||QIB – 50% of the offer – ₹ 450 crores|
NIB – 15% of the offer – ₹ 135 crores
RET – 35% of the offer – ₹ 315 crores
|Employee Discount||:||₹ 15 per equity share|
|Employee Reservation||:||Up to 3,00,000 equity shares|
|Listing||:||NSE and BSE|
|Registrar||:||KFin Technologies Private Limited|