Shyam Metalics IPO Details - Dates, Share Price Range, Issue Size | Motilal Oswal
Shyam Metalics IPO Details - Dates, Share Price Range, Issue Size | Motilal Oswal

Shyam Metalics IPO Details with Share Price Range and Issue Size

Opening Date

June 14, 2021

Closing Date

June 16, 2021

Face Value

Rs. 10 per equity share

Price Range

Rs. 303 to Rs. 306 per equity share

Minimum Order Quantity

45 Shares

Issue Size

Rs. 909 Crores

Shyam Metalics and Energy Ltd is one of the latest companies to have filed a draft offer document with the SEBI. The entity is looking to raise capital through an Initial Public Offer (IPO). Here are some key Shyam Metalics IPO details that can help you understand more about the issue and the company as a whole.

  • About the company

Established in 2002 in West Bengal, Shyam Metalics and Energy Ltd is one of the country’s leading producers of metal products. Its product portfolio is quite extensive and includes iron pellets, steel billets, sponge iron, TMT, wire rods, structural products, and ferro alloys, among others.

The company has the distinction of being one among the largest ferro alloy producers in India in terms of installed capacity as of February, 2021. That’s not all. The entity also enjoys the fourth position when it comes to sponge iron production in the country.

Shyam Metalics and Energy Ltd has three manufacturing plants - one in Odisha and two in West Bengal. The company is currently on track towards increasing its total installed metal capacity from 5.71 MTPA to 11.60 MTPA.  

  • Shyam Metalics IPO details

Now that you’re done getting yourself acquainted with the company, let’s now take a look at the Shyam Metalics and Energy Ltd IPO issue such as the Shyam Metalics IPO date and the Shyam Metalics IPO share price.

  • Shyam Metalics IPO date

The latest IPO issue from Shyam Metalics and Energy Ltd. has been slated to open on June 14, 2021 and would then come to a close on June 16, 2021.

  • Shyam Metalics IPO issue size

According to the Draft Red Herring Prospectus, the total issue size of the latest IPO of the company comes up to around Rs. 909 crores. There are two components to the new IPO issue of Shyam Metalics and Energy Ltd. Out of the total Rs. 909 crores, the fresh issue component of the IPO accounts for around Rs. 657 crores, whereas the remaining Rs. 252 crores would be from an Offer for Sale (OFS) from the promoters.

  • Shyam Metalics IPO share price

Since the latest IPO from Shyam Metalics and Energy Ltd. is a book built issue, the company has set a nominal price band of Rs. 303 to Rs. 306 per equity share. 

  • Shyam Metalics IPO listing

The company is planning to list its new IPO issue on both the premier stock exchanges of the country - the NSE and the BSE.

  • Shyam Metalics IPO objectives

Shyam Metalics and Energy Ltd has clearly outlined that it would use the net proceeds from the fresh issue of shares towards the repayment of the company and its subsidiary’s debts. It has also said that the remaining proceeds would be used towards general corporate expenses.

Conclusion

Opening a demat account with Motilal Oswal is the only thing that you need to do if you’re interested in investing in the upcoming IPO. With a demat account from us, you also get the freedom to invest in the stock market and other IPOs.
 

Before commencing online trading, always remember to open a demat account and trading account with a trusted and reliable financial partner.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.
 

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