Shyam Metalics IPO GMP Today, Live IPO Grey Market Premium

Shyam Metalics IPO GMP is very attractive to date. Here in the below tables, you can check Shyam Metalics IPO GMP, Kostak, and Subject rates. Grey Market premium for Shyam Meatlics is above ₹100, so we can expect good listing gains.

Shyam Metalics is going to raise Rs. 1,107 Crores through an IPO, including OFS (Offer for Sale) of Rs. 657 Crores and Fresh Issue of Rs. 450 Crores. The retail portion includes 35%, QIB is 50%, and NII is 15%. Also, check IPO GMP for upcoming IPOs.

Check Live Shyam Metalics IPO GMP- 

Shyam Metalics IPO GMP table is updated every day to give you the exact grey market premium for Shyam Metalics IPO.

DateIPO GMP Kostak RatesSubject to Sauda

Should you subscribe to Shyam Metalics IPO?

Strengths –

  • Shyam Metalics is a net debt-free company and has no long-term debts as of December 2020. The debt to equity ratio is 0.27
  • It is among the few debt-free AA-rated steel companies in India.
  • They have introduced manufacturing new products like DI pipes. We expect robust growth of 9% to 10% in coming years due to government projects to keep rivers safe under National Clean Ganga Mission.
  • The capacity utilization rate is high (80%+) for the past few years and didn’t dropdown. Also in 2020, they expanded more. 
  • A diversified product portfolio helps them to stay in demand in the steel sector. 
  • Continuous rising revenues have helped them to achieve great ROE of 12%. As its competitor’s ROE is as followed – JSW steel (10.1%), Tata Steel (1.52%), and SAIL (5.13%).

Weaknesses – 

  • Pricing demand is volatile in the steel industry due to its cyclical nature
  • In the Covid pandemic situation, they faced difficulties in transportation of their products to their clients. 

Final Verdict –

As we can see Shyam Metalics IPO has very attractive strengths. The best part about the company is the ROE which they are delivering continuously even though the steel sector has cyclical earnings. Their new product portfolio looks pretty attractive as they have got clients for it at the start. Also having a 0.27 debt to equity ratio is quite impressive in such a competitive and cash-rich field. Overall valuations look attractive and the company looks promising for long-term gains.

Can Shyam Metallics IPO give listing gains?

Yes IPO GMP (grey market premium) for Shyam Metalics is looking attractive and will give good listing gains.

Shyam Metalics IPO Dates & Price Band:

Open date14th June 2021
Close date16th June 2021
Total Size of IPO₹1,107 Cr.
Fresh Issue ₹450 Cr.
Offer for Sale₹657 Cr.
Price Band₹303 – ₹306
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

Shyam Metalics IPO Market Lot:

ApplicationLotSharesCut Off Amount
Minimum (RII)145₹13,770
Maximum (NII)1630₹1,92,780

Shyam Metalics IPO Allotment & Listing Dates:

Allotment Date for Shyam Metalics – 21st June 2021
Refund Date for Shyam Metalics – 22nd June 2021
Credit of Shares to Demat Account – 23rd June 2021
Listing Date for Shyam Metalics – 24th June 2021

More about Shyam Metalics – 

Shyam Metalics and Energy Limited started in Kolkata in 2002. They have a diversified portfolio which includes iron pellets, wire rods, TMT, and sponge iron. Due to a good clientele portfolio and good distribution process, they never fail to deliver to their clients and this got them more big clients like Jindal Stainless Steel, JSW Steel, SAIL, BHEL, etc. They also have some international clients. 

They are the leading producer of integrated steel and ferro alloys in India. They never failed to deliver to their clients and due to this they had maintained their profitability and given positive EBIDTA every financial year. As of December 2020, they were leading manufacturers of iron pellets and fourth in the sponge iron industry in India as per Crisil reports. 

Ore to metal (integrated steel) plants are operated in Odisha and West Bengal. At Jamuria, West Bengal they also make railway slidings, iron pellets, wire rods, TMT, and sponge iron. Other Managalpur plant is focused on ferro alloys and sponge iron. 

Shyam Metalics IPO GMP FAQs:

What is the Shyam Metalics IPO GMP today?

Shyam Metalics IPO GMP is ₹140 as of today.

What is the last date to apply for Shyam Metalics IPO?

16th June 2021 is the last date to apply for Shyam Metalics IPO.

What is Kostak Rates of Shyam Metalics IPO today?

Shyam Metalics IPO Kostak Rates is ₹400 as of today.

Will Shyam Metalics IPO GMP increase?

It’s too early to say that but we can expect a good premium on Shyam Metalics.

Can Shyam Metallics IPO give listing gains?

Yes IPO GMP (grey market premium) for Shyam Metalics is looking attractive and will give good listing gains.

Disclaimer for Investors:

  • We on do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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