Shyam Metalics and Energy
Mainboard₹909 Cr issue
+19.93%
Listing gain over issue price
Issue size
₹909 Cr
1 lot at cut-off
₹13,770
Lot size
45shares
Open
14 Jun 2021
Close
16 Jun 2021
Allotment
21 Jun 2021
Listing
24 Jun 2021
Listing performance
Issue price
₹306
Listed at
₹367
Listing-day close
₹376.15
Latest price
₹1,131.30
Close on 23 Oct 2026
Listing gain
+19.93%
Return since issue
+269.71%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 14 Jun 2021 – 16 Jun 2021
- Listing date
- 24 Jun 2021
- Face value
- ₹10 per share
- Issue price
- ₹306 per share
- Lot size
- 45 shares
- Total issue size
- ₹909 Cr
- Market cap at offer price
- ₹7,805 Cr
- Promoter holding
- 100.00% → 88.35% pre-issue → post-issue
- ISIN
- INE810G01011
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Axis Capital Ltd.
- Registered office
- Trinity Tower, 7th Floor, 83, Topsia Road, West Bengal
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 88,21,764 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 45 shares per lot, in multiples, at ₹306
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 45 | ₹13,770 |
| Retail (max) | 14 | 630 | ₹1,92,780 |
| S-HNI (min) | 15 | 675 | ₹2,06,550 |
| S-HNI (max) | 72 | 3,240 | ₹9,91,440 |
| B-HNI (min) | 73 | 3,285 | ₹10,05,210 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
88,21,764
Anchor portion
₹270 Cr
at ₹306 per share
Valuation and performance
Valuation at offer price
₹306 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| Market cap | — | ₹7,805 Cr |
About Shyam Metalics and Energy
Shyam Metalics and Energy Limited, originally incorporated as Shyam DRI Power Limited on December 10, 2002, is an integrated metal producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys in terms of installed capacity in India as of February 2021 and has the ability to sell intermediate and final products across the steel value chain. As of March 31, 2020, the company 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 capacity in India. The company has three manufacturing plants located in West Bengal and Odisha states, with operations in pellet manufacturing, sponge iron production, billet production, TMT bar manufacturing, wire rod production, and ferro alloy production, supported by captive power plants.
Company Analysis
from RHPShyam Metalics and Energy Limited is a leading integrated metal producing company focused on long steel products and ferro alloys across India.
Shyam Metalics and Energy Limited, originally incorporated as Shyam DRI Power Limited on December 10, 2002, is an integrated metal producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys in terms of installed capacity in India as of February 2021 and has the ability to sell intermediate and final products across the steel value chain. As of March 31, 2020, the company 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 capacity in India. The company has three manufacturing plants located in West Bengal and Odisha states, with operations in pellet manufacturing, sponge iron production, billet production, TMT bar manufacturing, wire rod production, and ferro alloy production, supported by captive power plants.
Steel manufacturingFerro alloys productionLong steel products
Objects of the Issue
- Repayment/pre-payment, in full or part, of debt of our Company and SSPL, one of our Subsidiaries ₹ 4,700.00 million p.17
- General corporate purposes ₹ 1,497.16 million p.17
- Repayment or pre-payment of loans from Axis Bank Limited, ICICI Bank Limited, and State Bank of India p.38
- General corporate purposes (not exceeding 25% of gross proceeds of Fresh Issue) p.39
- Repayment and/or pre-payment, in full or part, of debt of our Company and SSPL, one of our Subsidiaries ₹4,700.00 million p.82
- General corporate purposes ₹1,497.16 million p.82
- Funding capex for capacity expansion and new facilities p.142
Issue Structure
- Total Issue
- ₹ 9,085.50 million (29,705,880 equity shares)
- Fresh Issue
- ₹ 6,565.50 million (21,470,588 equity shares)
- Offer for Sale
- ₹ 2,520.00 million (8,235,292 equity shares)
- Price Band
- ₹ 303 to ₹ 306 per equity share
- Lot Size
- 45 Equity Shares (Bid Lot)
- Face Value
- ₹ 10 each
Business Model
The company generates revenue through the manufacture and sale of intermediate and final steel products including sponge iron, pellets, billets, TMT bars, wire rods, and ferro alloys. It sells intermediate products through brokers and final products such as TMT bars, structural products, wire rods and pipes through a network of distributors. As of December 31, 2020, the company had 42 distributors operating across 13 states and one union territory.
Business Segments
Manufacturing and sale of ferro alloy products
Manufacturing and sale of long steel products including sponge iron, pellets, billets, TMT bars, and wire rods
Manufacturing of sponge iron
Manufacturing and sale of sponge iron (direct reduced iron), billets, structural rolled products, TMT bars, and ferro alloy products
Joint venture operation through Kalinga Energy and Private Limited (KEPL) for generating electrical power by conventional and non-conventional methods
Ferro alloy refers to various alloys of iron with a high proportion of one or more other elements such as manganese, aluminium, or silicon. Ferro alloys produced by the company are used as raw materials for the manufacture of stainless steel products and specialised ferro alloys for special steel applications.
TMT bars (Thermo-Mechanically Treated bars) are high-strength reinforced bars. Structural products are hot rolled products of special form like rounds, angles, channels, beams. These are used for construction of buildings, transmission towers, industrial sheds, structures, roads, dams and other infrastructure.
A billet is typically cast to a rectangular or square cross section compatible with secondary processing. Billets are created directly through continuous casting or extrusion or indirectly through hot rolling an ingot or bloom. Billets are used as raw material for the manufacture of TMT and structural products.
Sponge iron is a spongy mass of iron which is a metallic product produced through direct reduction of iron ore/iron pellet in the solid state. It is a substitute for scrap and is mainly used in making steel through the secondary route.
Pellets are a type of agglomerated iron ore fines, which has better tumbler index when compared with that of parent iron ore and can be used as a substitute of lump ore for the production of sponge iron and in blast furnaces for the production of hot metal.
Manufactures and sells TMT bars, structural steel products, wire rods, pipes and billets, sold under the brand 'SEL' for TMT and structural products. Products are sold domestically through distributors and direct institutional sales, and internationally through trading houses and direct sales.
Produces specialised ferro alloys for applications in special steel and other industries. The company has established facilities for ferro alloy production at Sambalpur, Jamuria and Mangalpur plants.
Produces sponge iron (direct reduced iron), steel pellets, and steel billets which serve as raw materials for the company's own steel production and for sale to external customers.
Operates captive power plants at manufacturing facilities to generate electricity from non-fossil fuels, waste heat, and solid wastes. Also earns revenue from selling excess power to state electricity distribution companies.
Manufacturing, processing, re-rolling, refining, smelting, converting, producing, exporting, importing, trading, stocking, buying, selling of ferrous and non-ferrous metals, ferro alloys, ferro silicon, and other materials made wholly or partly of iron, steel, alloys and metals used for industrial, defence, transport purposes.
Manufacturing, dealing, exporting, and importing instruments, apparatus, appliances, machinery and all varieties of steel, special steel, carbon steel, mild steel and other kinds and grades of steel; steel engineering work; production, distribution, generation, and supply of power from any sources.
Trade of mining, exploration, trade and dealing of all kinds of natural resources, including coal, iron, manganese, aluminium, gas, oil, and other natural resources.
Manufacturing, producing, distributing, buying, selling, trading, acting as merchants, indentors, brokers, agents, advisors, hire purchasers of all kinds of solar products and related activities.
Own, make, develop, construct, build, design, equip, maintain, improve, plan, survey, enlarge, remove, replace, pull down, remodel, reconstruct, alter, acquire, work, sell purchase and otherwise deal in land, apartments, houses, flats, offices, and other real estate properties.
The company is predominantly engaged in the production and sale of intermediate and long steel products including iron pellets, sponge iron, steel billets, TMT, wire rods, and structural products, as well as ferro alloy products including ferro chrome, ferro manganese, and silico manganese. The company also undertakes conversion services for customers and produces power from captive power plants.
SWOT Analysis
Strengths
- • Leading integrated metal producer with strong market position in ferro alloys(p.17)
- • Diversified product portfolio across steel value chain with multiple production capabilities(p.17)
- • Significant installed capacity expansion completed with modern plants commissioned(p.27)
- • Captive power generation reduces energy cost vulnerability(p.27)
- • Reduced import duty provides domestic price advantage(p.36)
- • Quality certifications and accreditations obtained(p.37)
- • Experienced leadership team with decades of industry expertise(p.38)
- • Substantial insurance coverage(p.36)
- • Integrated operations across the steel value chain with backward and forward integration(p.132)
- • Strategic location of manufacturing plants in proximity to raw material sources and ports enabling cost and logistics efficiencies(p.134)
- • Diversified product mix with focus on high-margin value-added products and strong customer base(p.135)
- • Captive power plant providing cost advantage with significantly lower power costs than grid power(p.119)
- • Captive railway sidings at two integrated manufacturing units enabling optimized freight costs(p.119)
- • Strong financial performance with consistent EBITDA positivity since operations commencement(p.132)
- • Lowest leverage among peers with strong credit ratings(p.136)
- • Experienced promoters and management team with decades of industry experience(p.133)
- • Integrated steel manufacturing plants with significant installed capacity(p.142)
- • Backward and forward integration through pellet and billet production capabilities(p.160)
- • Self-sufficient captive power generation reducing dependence on grid(p.142)
- • Strategic geographic location with rail and port connectivity(p.142)
- • Diversified product portfolio addressing multiple customer segments(p.147)
- • Secured long-term fuel supply through FSAs with government entities(p.142)
- • Diversified integrated business across ferro alloys, steel, and power generation(p.226)
- • Established group of subsidiaries and associates providing strategic scale(p.199)
- • Growing profitability with profit after tax increasing 37% YoY (Dec 2020 vs Dec 2019)(p.223)
- • Strong revenue generation capacity with ₹39,330.84 million in 9-month revenue (Dec 2020)(p.223)
- • Leading integrated metal producer with significant ferro alloy capacity(p.291)
- • Strategic location near raw material sources reduces logistics costs(p.292)
- • Captive railway sidings provide cost and time efficiency(p.292)
- • Diversified product portfolio across steel value chain(p.291)
- • Consistent profitability and healthy operational metrics(p.292)
- • Low leverage compared to peers(p.292)
- • Significant captive power generation capability(p.291)
- • Experienced leadership with decades of industry expertise(p.292)
- • Diversified integrated steel and ferro alloy production across multiple facilities and product categories(p.308)
- • Significant capacity expansion and installed capacity growth delivering revenue growth(p.308)
- • Captive power generation assets supporting self-sufficiency(p.305)
- • Improving operational efficiency with declining material costs as percentage of sales(p.309)
- • Strong profitability growth in nine months ended December 31, 2020(p.310)
Weaknesses
- • Dependence on small number of major raw material suppliers creating supply risk(p.23)
- • Lack of long-term supply contracts exposes company to raw material price volatility(p.22)
- • Geographic concentration of operations and supply sources in eastern India increases regional risk(p.29)
- • Obligation to pay liquidated damages for non-compliance with fuel supply agreements(p.29)
- • Absence of long-term customer contracts creates revenue instability(p.33)
- • Dependence on limited number of customers for significant revenue portion(p.31)
- • Outstanding litigation and regulatory compliance issues create legal and financial risk(p.19)
- • Criminal proceedings against key management personnel including promoters and directors(p.25)
- • Non-compliance with CSR spending requirements under Companies Act(p.33)
- • Conflicts of interest with group companies in similar business lines(p.25)
- • Export revenue concentration in limited markets(p.36)
- • Dependence on key personnel, particularly Promoters(p.38)
- • Outstanding litigation and legal proceedings(p.37)
- • Pending regulatory and statutory permits(p.38)
- • Certain Group Companies incurring losses(p.43)
- • Contingent liabilities not provided in financial statements(p.44)
- • Related party transactions with potential conflicts of interest(p.43)
- • Promoter minority stakes in some Subsidiaries creating conflict(p.39)
- • High dependence on a few large institutional customers limiting revenue diversity(p.133)
- • Operating in fragmented and competitive long steel market dominated by larger integrated players(p.114)
- • Limited geographic presence concentrated in Eastern region with market reach constrained to 250-350 km radius from plants(p.117)
- • Plant concentration in two main locations creating operational and weather-related risks(p.132)
- • Significant customer concentration risk(p.148)
- • Minimal shareholding by executive management outside promoter family(p.183)
- • Limited independent board representation(p.184)
- • Concentration of manufacturing at limited locations(p.151)
- • High debt levels with borrowings of ₹6,823.04 million in current liabilities(p.222)
- • Multiple loss-making group companies affecting reputation(p.210)
- • Improved Realtors Private Limited (IRPL) showing consistent losses(p.205)
- • High concentration of shareholding with promoters holding 88.51%(p.199)
- • Raw material cost is significant portion of total income(p.294)
- • Large fixed cost base impacts profitability during low production(p.294)
- • Capacity expansion execution risks(p.294)
- • Dependence on monsoon and construction industry seasonality(p.294)
- • Significant customer concentration risk with top 10 customers representing material revenue proportion(p.323)
- • High indebtedness levels with substantial borrowing obligations(p.319)
- • Elevated debt to EBITDA ratio indicating leverage concerns(p.306)
- • Restrictive covenants limiting operational and financial flexibility(p.26)
- • Significant contingent liabilities including government demands and tax disputes(p.319)
- • Multiple pending litigations including trade mark infringement proceedings(p.329)
Opportunities
- • Expected strong steel demand growth driven by government infrastructure initiatives(p.17)
- • Planned significant capacity expansion to grow metal production capacity(p.27)
- • Expansion into new product categories including ductile pipes and aluminum foil(p.27)
- • Distribution network expansion across multiple states and union territories(p.29)
- • Recovery and growth expected post COVID-19 pandemic in steel industry(p.24)
- • Growing demand from infrastructure development(p.36)
- • Acquisition of distressed steel plants for inorganic growth(p.45)
- • Strong government focus on infrastructure development driving steel demand expected to grow 5-6% CAGR through FY2025(p.103)
- • Expansion into high-growth DI pipes segment with government-backed water supply and sanitation projects(p.129)
- • Planned capacity expansion from 5.71 MTPA to 11.60 MTPA enabling significant scale-up and market share gains(p.137)
- • Export opportunities with government targeting 24 MTPA steel exports by 2030 and proximity to major ports(p.138)
- • Opportunity to consolidate fragmented sector through acquisition of stressed assets under Insolvency and Bankruptcy Code(p.138)
- • Rising demand for long steel products driven by affordable housing and infrastructure focus(p.109)
- • Planned new product launches including pig iron, ductile iron pipes and aluminium foil diversifying revenue streams(p.138)
- • Capacity expansion across all major product lines(p.142)
- • Entry into aluminium foil rolling mill business(p.147)
- • Growth in product customization and high-value segments(p.148)
- • Enhanced captive power capacity to support operations and cost efficiency(p.142)
- • Expansion of distribution network and brand visibility(p.148)
- • Expansion of manufacturing capacity across multiple segments(p.222)
- • Strategic presence in renewable energy through power generation subsidiaries(p.208)
- • Mining and mineral processing opportunities through group companies(p.208)
- • Growth in ferro alloys business with Shyam Ferro Alloys showing revenue growth(p.203)
- • Government infrastructure initiatives driving steel demand(p.293)
- • Capacity expansion plans targeting doubled production(p.291)
- • Diversification into new product segments(p.292)
- • Strong recovery trajectory post-COVID-19(p.292)
- • National Steel Policy supporting export and consumption growth(p.295)
- • Distribution network expansion across 13 states(p.292)
- • Strategy of vertical integration through increased product conversion for captive consumption(p.308)
- • Significant revenue growth opportunity from higher-value product mix expansion(p.308)
- • Expansion into iron pellet production with substantial capacity increases(p.308)
- • Strategy of reducing financial leverage through debt optimization(p.316)
- • Geographic diversification of manufacturing operations across multiple states(p.337)
Threats
- • Cyclical nature of steel industry and price volatility affecting profitability(p.24)
- • Raw material price volatility and import dependence creating cost pressures(p.26)
- • Disruption of logistics and transportation infrastructure affecting supply chain(p.24)
- • COVID-19 pandemic creating uncertainty and operational disruptions(p.26)
- • Increased competition from larger domestic and international steel producers(p.35)
- • Consolidation among competitors intensifying competitive pressures(p.30)
- • Protectionist trade measures and anti-dumping duties affecting exports(p.36)
- • Import duty reductions increasing competition from foreign steel producers(p.36)
- • Environmental regulations and compliance costs potentially increasing(p.30)
- • Seasonal fluctuations in demand affecting revenue stability(p.36)
- • General economic and political instability affecting demand and operations(p.31)
- • Labor unrest and strikes disrupting manufacturing operations(p.33)
- • Further reduction in import duties pressuring margins(p.36)
- • Competition from alternative materials(p.36)
- • Evolving technology standards and changing customer requirements(p.36)
- • Subsidy and incentive dependency with risk of withdrawal(p.39)
- • Natural disasters, pandemics, and geopolitical risks(p.45)
- • Adverse geopolitical conditions affecting raw material procurement(p.46)
- • Economic slowdown and reduced demand(p.45)
- • Currency exchange rate fluctuations(p.41)
- • Inflation increasing input costs(p.46)
- • Regulatory and taxation changes(p.46)
- • Rising competition from large integrated players gaining market share in long steel segment(p.111)
- • Price volatility and compression in raw material costs affecting margins for ferro alloy producers(p.111)
- • Cyclical demand and downturn risk in steel industry affecting capacity utilization and profitability(p.104)
- • Dependence on volatile commodity prices for iron ore, coal and ferro alloy raw materials(p.128)
- • Regulatory changes and import duty fluctuations impacting domestic steel competitiveness(p.101)
- • Global demand slowdown and competitive exports from China affecting ferro alloy prices and exports(p.127)
- • Weak financial position of standalone sponge iron players threatening profitability in the segment(p.111)
- • Substantial competition from larger integrated steel producers(p.150)
- • Mandatory coal offtake obligations under FSAs(p.143)
- • Mandatory chrome ore offtake obligations with penalty provisions(p.143)
- • Environmental and regulatory compliance requirements(p.149)
- • Dependence on coal and electricity as principal energy sources(p.149)
- • Inherent risks in manufacturing operations(p.151)
- • Vulnerability to commodity price fluctuations (iron, steel, ferro alloys)(p.211)
- • Restrictive covenants in financing arrangements limiting operational flexibility(p.211)
- • Regulatory and compliance risks in mining and power generation sectors(p.208)
- • Currency and commodity market volatility affecting export revenues(p.224)
- • Volatile commodity prices impacting margins(p.293)
- • Global ferrochrome price decline and weak demand(p.293)
- • Raw material supply disruptions affecting operations(p.294)
- • COVID-19 pandemic causing economic downturn and volatility(p.295)
- • Global steel demand contraction from pandemic(p.295)
- • Industry consolidation and competition pressures(p.293)
- • Rising iron ore and raw material costs(p.295)
- • Weakening credit profile of standalone competitors(p.295)
- • Commodity price volatility affecting raw material costs and product realization(p.321)
- • Seasonal demand variations driven by monsoon and construction sector cyclicality(p.323)
- • Foreign exchange and interest rate risk exposure on borrowings(p.322)
- • Regulatory risk from government approvals and environmental compliance requirements(p.337)
- • Intensifying competitive conditions in steel and ferro alloy industry(p.323)
- • Inflationary pressure on input costs and operating expenses(p.322)
- • Multiple government regulatory actions including electricity duty and mining disputes(p.328)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mahabir Prasad Agarwal | Individual Promoter | 0.00% | — |
| Brij Bhushan Agarwal | Individual Promoter | 9.97% | — |
| Sanjay Kumar Agarwal | Individual Promoter | 0.01% | — |
| Subham Capital Private Limited | Promoter | 17.98% | — |
| Subham Buildwell Private Limited | Promoter | 31.08% | — |
| Narantak Dealcomm Limited | Promoter | 23.14% | — |
| Kalpataru Housefin & Trading Private Limited | Promoter | 9.51% | — |
| Dorite Tracon Private Limited | Promoter | 6.51% | — |
| Toplight Mercantiles Private Limited | Promoter | 0.30% | — |
| Brij Bhushan Agarwal | Promoter/Vice Chairman and Managing Director | 9.97% | 9.13% |
| Sanjay Kumar Agarwal | Promoter/Joint Managing Director | 0.01% | 0.01% |
| Mahabir Prasad Agarwal | Promoter/Chairman | 0.00% | 0.00% |
| Subham Buildwell Private Limited | Promoter Group | 31.08% | 27.65% |
| Narantak Dealcomm Limited | Promoter Group | 23.14% | 19.95% |
| Subham Capital Private Limited | Promoter Group | 17.98% | 15.99% |
| Mahabir Prasad Agarwal | Promoter | — | — |
| Brij Bhushan Agarwal | Promoter | — | — |
| Sanjay Kumar Agarwal | Promoter | — | — |
| Mahabir Prasad Agarwal | Promoter | — | — |
| Brij Bhushan Agarwal | Promoter | — | — |
| Sanjay Kumar Agarwal | Promoter | — | — |
| Subham Capital | Promoter | — | — |
| Subham Buildwell | Promoter | — | — |
| Narantak Dealcomm | Promoter | — | — |
| Kalpataru Housefin | Promoter | — | — |
| Dorite Tracon | Promoter | — | — |
| Toplight Mercantiles | Promoter | — | — |
| Brij Bhushan Agarwal | Promoter | — | — |
| Mahabir Prasad Agarwal | Promoter | — | — |
| Sanjay Kumar Agarwal | Promoter | — | — |
| Subham Capital | Promoter Group | 88.51% | — |
| Subham Buildwell | Promoter Group | 88.51% | — |
| Kalpataru Housefin | Promoter Group | 88.51% | — |
| Dorite Tracon | Promoter Group | 88.51% | — |
| Narantak Dealcomm | Promoter Group | 88.51% | — |
| Toplight Mercantiles | Promoter Group | 88.51% | — |
| Subham Buildwell Private Limited | Promoter Group | 31.08% | — |
| Narantak Dealcomm Limited | Promoter Group | 23.14% | — |
| Subham Capital Private Limited | Promoter Group | 17.98% | — |
| Mr. Brij Bhushan Agarwal | Promoter | 9.97% | — |
| Kalpataru Housfin & Trading Private Limited | Promoter Group | 9.51% | — |
| Dorite Tracon Private Limited | Promoter Group | 6.51% | — |
| Subham Capital Private Limited | Promoter Selling Shareholder | — | — |
| Subham Buildwell Private Limited | Promoter Selling Shareholder | — | — |
| Kalpataru Housefin & Trading Private Limited | Promoter Selling Shareholder | — | — |
| Dorite Tracon Private Limited | Promoter Selling Shareholder | — | — |
| Narantak Dealcomm Limited | Promoter Selling Shareholder | — | — |
Leadership
Mahabir Prasad Agarwal · Chairman and individual Promoter
Brij Bhushan Agarwal · Vice Chairman and Managing Director and individual Promoter
Sanjay Kumar Agarwal · Joint Managing Director and individual Promoter
Birendra Kumar Jain · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Shyam Metalics and Energy IPO FAQs
What is the lot size of Shyam Metalics and Energy IPO?
The minimum lot size of Shyam Metalics and Energy IPO is 45 shares. One lot costs ₹13,770 at the cut-off price.
When does Shyam Metalics and Energy IPO open and close?
Shyam Metalics and Energy IPO opened for subscription on 14 Jun 2021 and closed on 16 Jun 2021.
What is the listing date of Shyam Metalics and Energy IPO?
Shyam Metalics and Energy IPO listed on 24 Jun 2021.