Shyam Metalic IPO Got Subscribed Whopping 122 Times. Now, Retail Investor’s are waiting for Allotment status of Shayam Metalic Ipo. The Shyam Metalic ipo allotment of shares will be done on 21st June 2021 and Initiation of refunds will start from 22nd june, Shares will get Listed on 24th June 2021. The grey market premium for this ipo is trading around 70%. After the Bumper Subscribtion, Experts predicts that the grey market price for this Ipo will surge in the coming days. shyam metalics ipo gmp today will jump in coming days.
How to check Allotment status of your Shayam Metalic IPO ?
Are you Looking to see did you got allotment for your Application for shayam metalic ipo. If yes, Then you must be eager to check and know your allotment status. Then you are at right place. Basically, There are two methods to check your allotment status.
- First – Visit BSE IPO Allotment Page and check your allotment status.
- Second– You need to visit the Registrar of this ipo Kfintech to check your Allotment status.
Check Your Shyam Metalic IPO Allotment Status in BSE Page :
- Visit the BSE Allotment Page Via this Link : Click Here
- Now Select your issue Type Equity/Debt.
- Now you need to select Company name i.e is Shyam Metalic ipo.
- Now you enter your application Number.
- Enter your Pan card details in the given tab.
- Now fill the captcha Mark to verify human browser.
- Now after entering all the required details, click search tab to get your application status.
- If you got allotment it will show in the display.
- shyam metalics ipo gmp
How to check your IPO Allotment Status in Kfintech for shyam Metalic ipo?
- Visit the Kfintech Ipo Allotment page by Clicking Here .
- Now Select Recent IPO’s Tab.
- Now you select Shyam Metalic IPO in the given tab.
- Select your Query by ( PAN/ Application Number or Demat no ) I recommend PAN.
- Now Select Application Type as asba or upi (Non-asba).
- Now enter your application Number.
- Enter the Captcha Number and submit.
- If you got Allotment it will show the number of shares allotted to you.
Shyam Metalic IPO Grey Market Premium( GMP ) :
After the bumber Subscribtion on day 3, from qualified instititutional investors, high networth individuals the ipo got subscribed whopping 122 times the issue size. The current GMP of shyam metalic ipo is trading approx 70% the issue price. Shyam Metalic IPO grey market premium expected to surge in the coming days as experts predicts that the demand for this shares will surge in the coming days. Retail investors who subscribed for this ipo are waiting for thier allotment status and book listing gains on Shares listing date i.e 24th of june. shyam metalics ipo gmp ?
Shyam Metalic IPO Subscribtion Status Day/ Category wise :
Shyam Metalic IPO
We will talk about the Shyam Metalic IPO about the company, its business, the pros and cons of investing, and its financials. And at the end of the article shyam metalics ipo allotment status, we will tell you about the important dates and numbers of the IPO. So let us start, Let us start with the objective of the IPO, the first and the major one is to repay debt.
Shaym Metalic IPO Update :
|IPO Opening Date||Jun 14, 2021|
|IPO Closing Date||Jun 16, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||Rs. 10 per share|
|IPO Price||Rs. 303 to Rs. 306 per share|
|Market Lot||45 Shares|
|Min Order Quantity||45 Shares|
|Listing At||BSE, NSE|
|Issue Size||Eq Shares of Rs.10|
|Fresh Issue||Eq Shares of Rs.10|
|Offer for Sale||Eq Shares of Rs.10|
Shyam Metalic IPO Major Days :
|IPO Open Date||Jun 14, 2021|
|IPO Close Date||Jun 16, 2021|
|Basis of Allotment Date||Jun 21, 2021|
|Initiation of Refunds||Jun 22, 2021|
|Credit of Shares to Demat Account||Jun 23, 2021|
|IPO Listing Date||Jun 24, 2021|
Objectives Of Shyam Metalic IPO :
- So the company plans to repay its debt from the proceeds of this IPO.
- secondly, to manage general corporate purposes.
Shyam Metalic IPO company’s business
Let us now talk about the company’s business Shyam Metalics and Energy Ltd was incorporated in 2002 and is a leading integrated metal producer shyam metalics ipo allotment status. The company manufactures products of long steel such as iron pellets, sponge iron Steel billets, TMT, structural products, wire rods, and ferroalloys, and sells too.
In terms of ferro alloys, the company is the largest in India and is 4th in terms of sponge iron The company has 3 major plants in Samalpur in Orrisa, and in Jambhuria and Mangalpur in West Bengal. The company has an installed capacity of 5.71MTPA which they are looking to expand to 11.6 MTPA shyam metalics ipo allotment status And are planning all types of expansions between FY22 and FY25. The company also has captive power plants with a total capacity of 227 MW and they are planning to raise this to more than 330 MW. The good thing is that 805 of their total power requirement is met by their captive power plants And they sell TMT bars and structural products as SEL brand in the market.
Let us now see the industry, its past and future growth prospects. The demand for steel is expected to grow by 5-6% in the coming years because the government is coming up with new initiatives in infrastructure and affordable housing. The steel consumption per capita in India is very low shyam metalics ipo allotment status, at 74 kgs, and is 229 kgs at a global level On a global level, India’s per capita is very low as compared to China at 633 kgs. So here we can see good growth as compared to the numbers of the world.
Shyam Metalic Ipo Financial Numbers :
Let us now see the financial numbers of the company and its performance. Here we will try to compare the revenues and profits from 31st March 2018 to 31st Dec 2020 Shyam Metalic IPO Allotment. The revenue in 2018 was 3920 Crores with a profit of 528 crores. The revenue rises to 4684 Crores and profit to 636 Crores in 2019. The revenue dipped a bit to 4395 Crores and profit to 340 Crores in 2020.
If we see the past 3 quarters of the past year, the company recorded 3995 Crores revenue and 456 Crores profit. So this number can be considered good, and the market cap the company wants to list is around 7000 Crores. The company’s ROE has been around 16% which can be considered very good. The company’s PE ratio is around 13 as compared to around 17 of the industry shyam metalics ipo allotment status. Its price to book value is 2.18 and its debt-equity ratio is 0.25 And the debt-equity ratio is important, as this industry carries huge debts It is a heavy debt industry, but this is one company that has the lowest D/E ratio, can be considered close to debt-free.
Pro’s Investing in Shyam Metalic’s :
Let us now discuss the pros of investing in this company. Shyam metalics ipo allotment status
- The first is the expected growth in the steel industry of about 5-6% compounded growth Factors like growth in the economy and rising urbanization can lead to rapid growth in this industry.
- The company is strategically located, its costing, logistics perform in an efficient way.
- The next pro comes from its financials like its EBITDA increased from 13.61% to 18.18% last year.
- The company has increased its revenue and it’s operational efficiency.
- The company is utilizing 70% of its total installed capacity meaning we can see growth in its existing plan too.
Cons’ Investing in Shyam Metalic’s :
Let us now discuss the cons of investing.
- The first being the company’s dependency on minerals and raw materials.
- So if that space sees volatility in prices, the company’s margins will reduce.
- So how does the company mitigate these risks, is for you to look out as an investor.
- The company sees stiff competition from the players like Tata Steel, JSW Steel, etc
- And hence will be interesting to see how the company competes and acquires market share.
Shyam Metalic IPO Important Dates :
Let us now talk about the important dates before investing The IPO will be open between 14th June and 16th June. The price band has been kept between Rs.303 to Rs.306 per share. The total issue size is 909 Crores out of which 657 Crores are a fresh issue and an OFS of 252 Crores So the major portion is of fresh issue from which the company will repay its debt. Shyam metalics ipo allotment status and gmp today for shyam metalic is disccussed.