Shyam Metalics and Energy Limited (SMEL), India’s leading integrated metal producer company is coming out with an IPO from June 14 ending on June 16, 2021 with Price band Rs. 303 to Rs.306 per equity sare with a face value of Rs.10 per equity share.
The company is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. As of February 2021, it is among India’s largest producers of ferro alloys in terms of installed capacity and the fourth-largest player in the sponge iron industry. The esteemed clientele includes name like Jindal Stainless Limited, Rimjhim Ispat Limit, Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM GLobal Resources, Vijayshri Steel Pvt Ltd, etc. are the international clients.
Currently, the firm has 3 manufacturing plants located in Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal. As of Dec 31, 2020, its manufacturing units have an aggregated installed metal capacity of 5.71 million tonnes per annum. The company is looking to expand its capacity from 5.71 MTPA to 11.60 NTPA by 2025. The Sambalpur and Jamuria plants are integrated steel manufacturing plants that produce captive railway sidings, captive power plants, iron pellet, sponge iron, bilet, thermo mechanically treated (TMT), wire rod, and structural mills, and ferro alloys plants. Further, its manufacturing facility at Mangalpur comprises sponge iron and ferro alloy plants, and a captive power plant.
Financials of Shyam Metalics and Energy Limited
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 51,051.47 | 52,037.88 | 40,524.34 | 34,706.28 | |
| Total Revenue | 39,956.32 | 43,953.02 | 46,845.60 | 39,203.99 | |
| Profit After Tax | 4,563.21 | 3,403.29 | 6,367.83 | 5,280.39 | |
Important information about Shyam Metalics and Energy Limited IPO
| IPO Opening Date | Jun 14, 2021 |
| IPO Closing Date | Jun 16, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹303 to ₹306 per equity share |
| Market Lot | 45 Shares |
| Min Order Quantity | 45 Shares |
| Listing At | BSE, NSE |
