Shyam Metalics and Energy Limited
listed
₹13,635Min. investment
Shyam Metalics and Energy Limited IPO Details
Issue size
₹909Cr
IPO type
Mainboard
Price range
₹303 – ₹306
Listing date
24 Jun 2021
Lot size
45 shares
Price range₹303 – ₹306
IPO type
Regular
Lot size45 shares
Issue size₹909Cr
Shyam Metalics and Energy Limited Timeline
- Bid start14 Jun 2021
- Bid end16 Jun 2021
- Allotment16 Jun 2021
- Release of funds22 Jun 2021
- Demat transfer21 Jun 2021
- Listing24 Jun 2021
Kolkata-based Shyam Metalics and Energy is a steel manufacturer with a focus on long steel products and ferro alloys (a high-margin product). The company has three manufacturing units in India with an aggregate operating capacity of 5.70 MTPA. It has a strong track record of profitability. The company has reported positive operating profits each fiscal year since 2005. Even in a pandemic-hit year, the company reported an EBITDA (earnings before interest, tax, depreciation and amortisation) of ₹717 crore and net profit of ₹456 crore in the first three quarters of FY21. The company—which caters to end-users as well as institutional customers—is the least leveraged among its peers. Further, it has a negligible debt-to-equity ratio of 0.27x as of December 2020.
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Shyam Metalics and Energy Limited Contact Details
Company NameShyam Metalics and Energy Limited
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