Shyam Metalics IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
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Shyam Metalics IPO Subscription Status: FINAL

Shyam Metalics and Energy Limited, incorporated in 2002, is a leading integrated metal producing company in India with a focus on long steel products and ferroalloys. They are amongst the largest producers of ferroalloys in terms of installed capacity in India, as of Feb 2021. As of Mar31, 2020, they were one of the leading players in terms of pellet capacity and the fourth-largest player in the sponge iron industry in terms of sponge iron capacity in India.

Investor CategoryQuotaSubscription
Institutional (QIB)50%155.71x
Non-Insti. (HNI)15%339.98x
Retail (RII)35%11.64x
Employees1.55x
Total Subscription100%121.43x

Shyam Metalics IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.00x0.81x155.71x
HNI0.70x2.60x339.98x
Retail2.19x5.80x11.64x
Employees0.27x0.78x1.55x
Total1.23x3.65x121.43x

Shyam Metalics IPO Subscription: Analyst Recommendations

Choice Broking – Subscribe with Caution [Report]

“With favorable macros for steel consumption, cautious view on the international steel prices and higher demanded valuation, we assign a “Subscribe with Caution” rating for the issue.”

HEM Securities – Subscribe

“We like the company’s financial performance with healthy balance sheet status. Efficiency improvements, better productivity and cost rationalisation have enabled the company to deliver consistent and strong financial and operational performance,”

Reliance Securities – Subscribe

Angel Broking – Subscribe

Shyam Metalics IPO Subscription: Key IPO Details

TypeValue
Issue Size₹909 Cr
Open Data14/06/2021
Close Data16/06/2021
Face Value₹10/- per Equity Share
IPO Price₹303 – ₹306
Lot Size45 shares
LotsMin 1 – Max 14

Shyam Metalics IPO: Financials

201820192020 Mar2020 Dec
Revenue from Ops₹3,842.6 Cr₹4606.4 Cr₹4362.9 Cr₹3933.1Cr
Profit before Excep*₹514.9 Cr₹763.9 Cr₹295.5 Cr₹506.3 Cr
Profit after Tax521.9 Cr₹641.8 Cr₹340.8 Cr₹460.2 Cr
EPS (Basic)18.1725.8614.5719.53
*Tax and Exceptional Items
As of March 2020EPS (Avg)P/E (Floor)P/E (Cap)
Based on basic EPS18.9316.0116.16

Comparison with listed industry peers

CompanyP/E (Cap)
Shyam Metalics16.16
Highest (Tata Steel)57.38
Lowest (SAIL)12.63
Sector Avg35.01

Shyam Metalics IPO Subscription – FAQs

1. How to apply for Shyam Metalics IPO in Retail Category?

A: An investor in retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Shyam Metalics IPO in HNI Category?

A: An investor can apply in HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospects (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: DRHP

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