Shyam Metalics IPO

Shyam Metalics and Energy Limited (SMEL) is India’s leading integrated metal producer company. The company is primarily engaged within the production of long steel products like iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferroalloys. As of February 2021, it’s among India’s largest producers of ferroalloys in terms of installed capacity and therefore the fourth-largest player within the sponge iron industry

The company serves institutional customers and end-users. Jindal Stainless Limited, Rimjhim Ispat Limit are some of its domestic clients whereas Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM Global Resources, Vijayshri Steel Pvt Ltd, etc. are the international clients. The company features a partnership with 42 distributors to supply its products across 13 states and 1 union territory

IPO Details

Competitive Strengths

• Leading integrated metal producer in India.
• Strategically located manufacturing plants with a robust infrastructure.
• Diversified product portfolio.
• Strong financial performance and distribution network.

Company Promoters

Mahabir Prasad Agarwal, Brij Bhushan Agarwal, Sanjay Kumar Agarwal, Subham Capital Private Limited, Subham Buildwell Private Limited, Narantak Dealcomm Limited, Kalpataru Housefin & Trading Private Limited, Dorite Tracon Private Limited, and Toplight Mercantiles Private Limited are the company promoters.

IPO Lot Size

The Shyam Metalics IPO market lot size is 45 shares. A retail-individual investor can apply for up to 14 lots (630 shares or ₹192,780).