Shyam Metalics and Energy Limited IPO

Shyam Metalics IPO opens on June 14, 2021. The Rs 1,107 crore IPO comprises fresh shares worth Rs 657 crore and an offer for sale of Rs 450 crores equities from existing shareholders. IPO bidding window will remain open for three days, till June 16, 2021, and anchor investor bidding will happen on June 11, 2021.

Shyam Metalics IPO

Issuer

Shyam Metalics and Energy Limited

IPO Date : 14th June 2021 - 16th June 2021
Price Band
₹303 to ₹306 per equity share

Issue Size
₹ 909 Cr

Face Value
₹ 10 per equity share

Market Lot
45 Shares

Listing At
NSE,BSE
₹0 Free Equity Delivery
₹20/- For Intraday, F&O, Currencies & Commodities

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Shyam Metalics and Energy Limited Information

The Kolkata-based company is a leading integrated metal producer, primarily engaged in producing long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferroalloys. They cater to both institutional clients and end-customers. As of February 2021, they occupy the number one position in ferroalloy manufacturing and is fourth in producing sponge iron.

Shyam Metalics has three well-integrated manufacturing units - one in Odisha and two in West Bengal. They operate through a network of 42 distributors catering to 13 states and one Union Territory.

Shyam Metalics and Energy Limited IPO Important Dates

The below table has important dates with respect to the Shyam Metalics and Energy Limited IPO allotment and listing :
IPO Opens June 14, 2021
IPO Closes June 16, 2021
Basis of Allotment Date June 21, 2021
Refund Initiation June 22, 2021
Credit of Shares to Demat Account June 23, 2021
IPO Listing Date June 24, 2021

Competitive strength

  • Leadership position in producing a wide range of integrated steel products
  • Strategically located manufacturing units and robust infrastructure to cater to a broader market
  • Well-diversified product portfolio
  • Robust financials and network of distributors

How to apply for Shyam Metalics IPO :


1. If you are already a client of Angel Broking, apply directly for Shyam Metalics IPO, click here.

2. If you’re a new investor Open DEMAT Account for free with Angel Broking and build wealth with the best stock choices. Join our 1 million+ family of happy customers.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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Shyam Metalics IPO FAQs

What is an IPO?

An unlisted company announces IPO to raise funds from the market by selling securities to general investors. Through the maiden public offering, companies get themselves listed in the stock exchanges.

What is the Shyam Metalics IPO?

Shyam Metalics has announced IPO to mobilise Rs 1,107 crores from the market. The offer will comprise primary issues worth Rs 657 crore and OFS equities from existing shareholders of Rs 450 crore.

How to apply for the Shyam Metalics IPO through Angel Broking?

Existing investors can apply through Angel Broking's website or mobile app.
In case you don't have an Angel Broking Demat, open one with online KYC. Click here.

When will the Shyam Metalics IPO open?

The bidding window will open on June 14, 2021, for three days. Anchor investor bidding will happen on June 11, 2021.

What is the minimum lot size for retail investors?

The minimum lot size for retail investors is 45 shares.

How to apply for the Shyam Metalics IPO?

Investors can apply through a brokerage firm or using the net banking service of their banks. The ASBA form will be available on NSE and BSE websites and with the advisors, two days before the IPO subscription opens.

When is the Shyam Metalics IPO allotment date?

The finalisation of allotment will happen on June 21, 2021.

When is the Shyam Metalics IPO listing date?

Shyam Metalics shares will debut in the market on June 24, 2021.

How to pay for the Shyam Metalics IPO using UPI?

Retail investors applying for the IPO need to pay through UPI. Linking the bank account to a UPI handle can be done online. During the final stage of making payment for the IPO, investors will receive a payment mandate on their UPI handle.

How will I receive the Shyam Metalics IPO?

Once allotted, the issuer will credit the IPO shares directly to investors' Demat accounts. Don't have a Demat account? Get one today! Apply here.

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