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
Shyam Metalics and Energy LimitedIPO Date : 14th June 2021 - 16th June 2021
₹20/- For Intraday, F&O, Currencies & Commodities
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
|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|
- 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
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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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