Shyam Metalics
IPO Size
`909 Cr
Price Band
`303-306 Per Share
Minimum Lot Size
45 Share
Face Value
`10 Per Share
Employee Discount
`15 Per Share
Retail Allocation
35%
Issue Open Date
14 June, 21
Issue Close Date
16 June, 21
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
About the Company:
Kolkata- based India’s one of largest producer of ferro alloys in terms of installed capacity was incorporated in 2002. Shyam Metalics and Energy Limited (SMEL) is India's leading integrated metal producer company. It is primarily engaged in the pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. In the sponge iron segment, Shyam Metalics is the fourth-largest player in India. 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 company is serving Jindal Stainless Limited, Rimjhim Ispat Limit and other heavy industries while the global clients of the company are Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM GLobal Resources, Vijayshri Steel Pvt Ltd, etc
| S.No. | 1 - Company | 2 - Directors | 3 - Promoters | |||
| Entity Name | By the Company | Against the Company | By the Sponser Group | Against the Sponsor Group | By the Sponser | Against the Sponser |
| Criminal cases | 6 | - | - | 17 | 10 | 1 |
| Material civil cases | 4 | 2 | - | - | 4 | - |
| Taxation matters | - | 27 | - | - | - | 9 |
| Regulatory Procedings | - | 7 | - | - | - | - |
| Amt. (In Million Rs.) | 530.86 | 963.27 | - | - | 369.74 | 40.3 |
| Key Financial in Millions. | ||||||
| Income Statement (In Millions) | FY20 | FY19 | FY18 | |||
| Gross Operating Income | 43953.02 | 46845.6 | 39203.99 | |||
| Cost of Employee & Inventory | 28463.41 | 29312.94 | 25725.58 | |||
| Other Expenses | 8709.89 | 7303.91 | 5689.96 | |||
| EBITDA | 6779.72 | 10228.75 | 7788.45 | |||
| Depreciation | 2966.49 | 1945.76 | 2150.47 | |||
| Interest | 858.84 | 644.34 | 488.58 | |||
| Profit Before Tax | 2954.39 | 7638.65 | 5149.4 | |||
| Tax | -448.66 | 1271.14 | -106.53 | |||
| Profit After Tax | 3403.05 | 6367.51 | 5255.93 | |||
The promoters of the company are Mahabir Prasad Agarwal, Brij Bhushan Agarwal, Sanjay Kumar Agarwal, Subham Capital Private Limited, Subham Buildwell Private Limited, Narantak Dealcomm Limited, Kalpataru Housefin & Trading Private Limited, Dorite Tracon P
In the listed space, metal stocks have a big basket including small-cap, midcap and large-cap. Base Metal companies doesn’t occupy healthy premium in the market due to their dependency on high leverage. However, metals have outperformed other indices this year after prices of base metals shoot heavily. Growth in the global economy is followed by rise in prices of commodities and prices of metals have increased to their multi-year highs.
The object of the Offer for Sale is to allow the shareholders to sell an aggregate of up to 82,35,294 equity Shares held by them. The company will not receive any proceeds from the Offer for Sale. Offer for Sale Size is of 8.23 million equity Shares aggregating up to ₹252 Cr (at an upper price band of Rs. 306).
The company has planned to raise fresh capital comprising an aggregate of 2,14,70,588 equity shares having Face Value ₹10 aggregating up to Rs. 652 Cr at the upper price band of Rs. 306. The net proceeds will be utilized will be utilized for repayment and/or pre-payment of company and its subsidiary (SSPL)'s debt fully or partially while the rest will be utilized general corporate purpose.