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Shyam Metalics and Energy Limited

Shyam Metalics and Energy Limited

listed
₹13,635Min. investment

Shyam Metalics and Energy Limited IPO Details

Price range₹303 – ₹306
IPO type
Regular
Lot size45 shares
Issue size₹909Cr

Shyam Metalics and Energy Limited Timeline

  1. Bid start
    14 Jun 2021
  2. Bid end
    16 Jun 2021
  3. Allotment
    16 Jun 2021
  4. Release of funds
    22 Jun 2021
  5. Demat transfer
    21 Jun 2021
  6. Listing
    24 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.

Checklist

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Shyam Metalics and Energy Limited Contact Details

Company NameShyam Metalics and Energy Limited

How to apply for Shyam Metalics and Energy Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

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