Shyam Metallics IPO Note

August 21, 2021 By: Wealthfundas0 comments

Shyam Metallics IPO

Shyam Metallics is a leading integrated metal producing company based in India with a focus on Long Steel Products and Ferro Alloys. As of 2020, the company is one of the Leading players in terms of pellet capacity and the fourth largest player in the Sponge Iron industry in terms of sponge iron industry capacity in India.

The company operate three manufacturing plants, one in Odisha and two in West Bengal. The company TMT and structural products are sold under the brand “SEL”. Shyam Metallics also undertake conversion of hot rolled coils to pipes, chrome ore to ferro Chrome and manganese ore to silico manganese for an Indian steel conglomerate.

KEY STRENGTHS

• Strategic location of our manufacturing plants supported by robust infrastructure leading to cost and time efficiencies.
• Integrated operations across the steel value chain.
• Multiple product basket – steel, long steel products – Bar, Rod, TMT, Wire rod, Angels, shapes, sections etc. Flat products Cold Rolled CR strips, Hot rolled HR strips. Alloy steel, non-Alloy steel

IPO Tentative Dates

IPO – Opening 14 June, Closing 16 June. Shares Allotment -21 June. IPO Listing on 24 June

Issue Price -Rs 303-306 Per Equity Shares Lot Size -45 Shares. Minimum Investment – Rs 13,770 per Lot

To check Allotment Status

• On BSE click here- https://www.bseindia.com/investors/appli_check.aspx

• On Registrar site click – https://www.linkintime.co.in/IPO/public-issues.html

• Other Allotment status check link – https://kcas.kfintech.com/ipostatus/

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