
Materials & Metals · NSE / BSE
Incorporated in 2002, Shyam Metalics and Energy Limited is a leading integrated metal producer in India, mainly engaged in manufacturing long steel products such as iron pellets, sponge iron, steel billets, TMT bars, structural products, wire rods, and ferro alloys. As of February 2021, the company was among the largest producers of ferro alloys in India by installed capacity and the fourth-largest sponge iron producer. It serves both domestic and international customers, including large institutional buyers, and distributes its products through a network of 42 distributors across 13 states and one union territory. The company operates three manufacturing plants located at Sambalpur in Odisha and Jamuria and Mangalpur in West Bengal, with a total installed metal capacity of 5.71 million tonnes per annum as of December 31, 2020, and plans to expand this capacity to 11.60 million tonnes per annum by 2025.
Price Band
₹303 – ₹306
Issue Size
₹909 Cr
Lot Size
45 shares
GMP
+42.5%
Est. Listing
₹436
at current GMP
Subscribed
—
Open
14 Jun 2021
Close
16 Jun 2021
Allotment
21 Jun 2021
Refund
22 Jun 2021
Demat Credit
23 Jun 2021
Listing
24 Jun 2021
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 14,852,941 | — | 0.00x |
| Non-Institutional (NII / HNI) | 4,455,882 | — | 0.00x |
| Retail Individual (RII) | 10,397,059 | — | 0.00x |
| Total | 29,705,882 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 231,046 | 231,046 | 1.00x |
| HNIs (10L +) | 1,478 | 1,478 | 1.00x |
| HNIs (2-10L) | 7,073 | 7,073 | 1.00x |
| Total Applications | 239,597 | 239,597 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Shyam Metalics and Energy Limited is bringing an initial public offering (IPO) in the Materials & Metals sector with an aggregate issue size of ₹909 Crores. The shares are offered at a price band of ₹303 to ₹306 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 45 shares (approx. ₹13,770 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-06-23, while un-allotted funds or UPI block mandates will be released on 2021-06-22.
The latest Grey Market Premium (GMP) for Shyam Metalics and Energy Limited IPO is ₹130 per equity share. Based on the upper price band of ₹303 to ₹306 per equity share, the estimated listing price is ₹436 (+42.5% expected listing gain).
With a lot size of 45 shares and current GMP of ₹130, the expected profit per application lot is approx ₹5,850 (+42.5% gain). Minimum application cost is approx ₹13,770.
The Shyam Metalics and Energy Limited IPO aggregate issue size is ₹909 Crores with an equity price band set at ₹303 to ₹306 per equity share. The retail lot size is 45 shares requiring a minimum capital outlay of approx. ₹13,770.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2021-06-21. Investors can verify status using PAN card or application number.
Shyam Metalics and Energy Limited shares are scheduled to list on NSE and BSE on 2021-06-24.