SHYAM METALLICS
Shyam metalics is the leading integrated metal producing company based in India with a focus on Long Steel Products and Ferro Alloys. They have a consistent track record of delivering operating profitability, and since the commencement of operations in Fiscal 2005, company have delivered a positive EBITDA in each of the Fiscals.
As of March 31 2020, Shyam Metalics was 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. They have three manufacturing plants, one in Odisha and two in West Bengal. The aggregate installed metal capacity of our manufacturing plants is 5.71 as of December 31, 2020. The manufacturing plants also include captive power plants with an aggregated installed capacity of 227 MW as of December 31, 2020.
Shyam Metalics has commenced its ₹909 crore initial public offering (IPO), with the price band fixed at ₹303-306 per share and it will be open for subscription till June 16. Each lot consists of 45 shares, so each lot will be worth ₹13,770.
The percentage that promoters liquidated for IPO are, Dorite Tracon Private Limited – 0.94%, Narantak Dealcom limited – 3.19%, Shubham Capital Private Limited – 1.99%, Shubham Buildwell Private Limited – 3.43%, Kalpataru HouseFin and Trading Private Limited – 1.12%, Others – 0.99%. The freshly issued amount is 657 crores.
