Shyam Metalics and Energy Limited

About the company

Kolkata-based Shyam Metalics and Energy is a steel manufacturer with a focus on long steel products and ferro alloys (a high-margin product). The company has three manufacturing units in India with an aggregate operating capacity of 5.70 MTPA. It has a strong track record of profitability. The company has reported positive operating profits each fiscal year since 2005. Even in a pandemic-hit year, the company reported an EBITDA (earnings before interest, tax, depreciation and amortisation) of ₹717 crore and net profit of ₹456 crore in the first three quarters of FY21. The company—which caters to end-users as well as institutional customers—is the least leveraged among its peers. Further, it has a negligible debt-to-equity ratio of 0.27x as of December 2020.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   14 Jun 2021

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   16 Jun 2021

   Last day to place your bid

3. Basis of Allotment

   Completed
   16 Jun 2021

   Share allotment finalised

4. Refund Initiation

   Completed
   22 Jun 2021

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   21 Jun 2021

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   24 Jun 2021

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.