Shyam Metalics amd Energy Limited SMEL is based in Kolkata and its India's leading Integrated metal producer company. The company is mainly into production of iron pellets, sponge iron, steel billets, TMT wire rods, ferro alloys and Structural products.
It has 3 manufacturing plants which are located in Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal. Its manufacturing units have an turnout of metal capacity of 5.71 million tonnes per annum. The company is focus on expanding the capacity from 5.71 MTPA to 11.60 NTPA by 2025
Shyam Metalics IPO Subscription Status
The Shyam Metalics IPO is subscribed 121.43x times on Jun 16, 2021 17:00. The public issue subscribed 11.64x in the retail category, 155.71x in the QIB category, and 339.98x in the NII category.
The lot size was 45 Shares and minimum quantity is 45 share.
It is the fourth highest subscription levels seen in 2021 after the release of MTAR Technologies, Nazara Technologies and Easy Trip Planners.
The price band at Rs 303-306 per equity share.
Competition
- It is integrated metal producer in india
- It has some great strategically hosted manufacturing plants which offers great feasibility along with infrastructure support.
Promoters of Company
The Promoter of this company are:
- 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
- Toplight Mercantiles Private Limited.
- Objective of Issue
The primary reason to be sure is to repay or prepay its subsidiary SSPL debt.
Grey Market
In the grey market on Thursday, Shyam Metalics and Energy shares traded at Rs 436 apiece, implying a premium of 42.5 per cent over the IPO price of Rs 306 as per traders.
The trading in shares will commence from around June 24.
Company financials
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 51,051.47 | 52,037.88 | 40,524.34 | 34,706.28 | |
| Total Revenue | 39,956.32 | 43,953.02 | 46,845.60 | 39,203.99 | |
| Profit After Tax | 4,563.21 | 3,403.29 | 6,367.83 | 5,280.39 | |
Call what i will take
For a Longterm it can give you a better returns for sure. For listing Gain its a Yes. Releasing on Bubble can impact for a Shorter time.
0 comments:
Post a Comment