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Shyam Metalics and Energy Limited IPO Detail

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Shyam Metalics and Energy Limited IPO [INITIAL PUBLIC OFFERING] Detail

About the Shyam Metalics and Energy Limited

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Shyam Metalics and Energy Limited (“Company”) was originally incorporated as Shyam DRI Power Limited on December 10, 2002 at Kolkata, West Bengal, India as a public limited company under the Companies Act, 1956 and received the certificate for commencement of business from the Registrar of Companies, West Bengal at Kolkata (“RoC”) on December 11, 2002. Subsequently, the name of the Company was changed to Shyam Metalics and Energy Limited vide a special resolution passed by the Shareholders on November 23, 2009, and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on January 5, 2010.

Leading integrated metal producing company based in India with a focus on Long Steel Products and Ferro Alloys.

Shyam Metalics and Energy Limited IPO  Detail - EduTaxTuber

Registered and Corporate Office: Trinity Tower, 7th Floor, 83, Topsia Road, Kolkata – 700046, West Bengal, India

Contact Person: Birendra Kumar Jain, Company Secretary and Compliance Officer; Tel: +91 33 4016 4000

E-mail: compliance@shyamgroup.com; Website: http://www.shyammetalics.com

Corporate Identity Number: U40101WB2002PLC095491


Company Financials

Summary of Restated Consolidated Financial Information

For the year/period ended (in ₹ million)

Particulars
 31-Mar-1831-Mar-1931-Mar-2031-Dec-19 31-Dec-20
Total Revenue39,203.9946,845.6043,953.0233,164.4839,956.32
Profit After Tax5,280.396,367.833,403.292,603.614,563.21
Total Asset34,706.2840,524.3452,037.8849,672.1951,051.47


Shyam Metalics and Energy Limited – IPO Details

IPO Details

Issue Open Date14 June 2021
Issue Close Date16 June 2021
Issue TypeBook Built Issue
Face Value₹10 per equity share
IPO/Issue Price ₹ 303 to ₹ 306 per equity share
Market Lot45 Shares
Min Order Quantity45 Shares
Listing AtBSE, NSE

IPO/ Issue Time Line [Tentative]

14 June 2021

Issue Open Date

Issue Close Date

16 June 2021
21 June 2021

Basis of Allotment Date

Initiation of Refunds

22 June 2021
23 June 2021

Credit of Shares to Demat Account

IPO Listing Date

24 June 2021

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Offer towards funding the following objects:

  1. Repayment and/or pre-payment, in full or part, of debt of Company and SSPL, one of Subsidiaries; and
  1. General corporate purposes.

Source: PROSPECTUS


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