Shyam Metalics IPO Opens : Live Subscription Status, GMP Today, and more

The upcoming IPO of June 2021 is here with a value of Rs 909 crores. It is named ‘Shyam Metalics and Energy Limited’ and is a 19 year old company. This company is into integrated metal manufacturing. It has created a huge buzz among anchor and retail investors due to its strong base. We will be going through the company’s Live Subscription Status, share price, launch dates, GMP, profile, and financials in this short read. Also, you will be guided on whether to subscribe to this IPO or not.

The opening equity share price of Shyam Metalics IPO is now out. The price band is Rs 303-306 per equity share. You can bid for a lot of 45 shares (min qty). 

The Shyam Metalics IPO opening and closing dates are now announced. It will be definitely launching in the June month.

The Grey Market Premium or GMP of Shyam Metalics IPO will play a key role in deciding whether to subscribe to this IPO or not. Its GMP Today (15th June 2021, 10:04 IST) is Rs 140.

On Day 1 i.e. 14th June 2021, Shyam Metalics IPO was subscribed 1.23 times. Stay tuned for Shyam Metalics IPO Live Subscription Status.

Shyam Metalics IPO will be listed on BSE and NSE on 24th June 2021.

You can check your allotment status for Shyam Metalics IPO on Kfintech’s IPO Allotment Status page as Kfintech Private Limited is the official registrar of this IPO. It will be declared on 21st June 2021.

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Shyam Metalics and Energy Limited came into existence in 2002. It is into producing integrated metal such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys.

Some of its domestic clients include Jindal Stainless Limited and Rimjhim Ispat Limited. International client list includes Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM GLobal Resources, Vijayshri Steel Pvt Ltd, and others.

It has 3 manufacturing units. One is at Sambalpur in Odisha while other two are at Jamuria and Mangalpur in West Bengal.

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As of Dec’20, Shyam Metalics and Energy Limited had assets worth Rs 5105 crores, revenue of Rs 3995 crores, and profit (after tax) of Rs 456 crores as per its annual report. It reported an increase of Rs 116 crores in profit compared to last year which is great. In Mar’18 it had assets worth Rs 3470 crores so here also there is a rise of Rs 1635 crores which shows the growth of this company.

This company is among India’s largest integrated metal manufacturers. It is also leading in installed capacity of ferro alloys. Moreover, it is growing immensely in the sponge iron industry. In the number of foreign clients, it scores well. The company's financials are also strong and the future looks promising due to its diversified portfolio. Therefore, subscribing to Shyam Metalics IPO seems to be a good idea. Although, we are not sure about the listing gains so have to wait and watch.

What are your views on Shyam Metalics IPO? Will you subscribe? Do let us know in the comments below.

Disclaimer: We are not SEBI registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestion. Consult your financial advisor before making any decision.