Shyam Metalics and Energy will Issue Equity Shares aggregating up to Rs 909 cr (Fresh Issue of Equity Shares aggregating up to Rs 657 cr and Offer for sale aggregating up to Rs 252 cr).  Price band of Shyam Metalics and Energy is Rs 303 – Rs 306 and the Bid Lot Size is of 45 Shares and in multiple thereof. Post Issue Implied Market Cap of Shyam Metalics and Energy will be Rs 7735 cr – 7805 cr. Book Running Lead Managers are Axis Capital, ICICI Securities, IIFL Securities, JM Financial, SBI Capital Markets and the Registrar is KFin Technologies. Shyam Metalics and Energy Issue opens on Monday, 14th Jun '2021 and closes on Wednesday, 16h Jun’2021.

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Shyam Metalics and Energy was incorporated on December 10, 2002.  Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys. They are amongst the largest producers of ferro alloys in terms of installed capacity in India, as of February 2021. As of March 31, 2020, they were one of the leading players in terms of pellet capacity and the 4th largest player in the sponge iron industry in terms of sponge iron capacity in India. Since the commencement of their operations in Fiscal 2005, they have delivered a positive EBITDA in each of the Fiscals.

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Shyam Metalics and Energy primarily produces intermediate and long steel products, such as, iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys products with a specific focus on high margin products, such as, customised billets and specialised ferro alloys for special steel applications.

Shyam Metalics and Energy has 3 manufacturing units with aggregate operating capacity of 5.70 MTPA with 227 MW of Captive Power Plant. Its plants are located at Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal. As of December 31, 2020, they had partnerships with 42 distributors, who stock and sell their finished products across 13 states and 1 union territory.

Key Strength Areas for Shyam Metalics and Energy:

Backward and forward integration
Proximity to raw material sources & key demand clusters
Advance technology adept to market practices
Captive power plant
Captive railway siding
Better financial strength in long steel space

Key Opportunity Areas for Shyam Metalics and Energy:

Rising demand growth from long steel and Ferro alloys
Planned expansion in new high growth potential sectors
Shyam Metalics and Energy is planning to set up a Blast Furnace; the output of which (Pig Iron) may

Shyam Metalics and Energy: was incorporated as “Shyam DRI Power Limited” on December 10, 2002, at Kolkata, West Bengal. Mahabir Prasad Agarwal, Brij Bhushan Agarwal, Sanjay Kumar Agarwal, Subham Capital, Subham Buildwell, Narantak Dealcomm, Kalpataru Housefin, Dorite Tracon and Toplight Mercantiles are the Promoters of the company. Currently Promoters hold an aggregate of 230,088,850 Equity Shares, equivalent to 98.49 % of the pre-Offer issued, subscribed and paid-up Equity Share capital of the company.