Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

Shyam Metalics & Energy Limited's IPO to open on June 14, 2021

Posted On: 2021-06-09 05:41:18 (Time Zone: UTC)


Shyam Metalics and Energy Limited ("SMEL", including its subsidiaries and associates, the "Group") is proposing to open the Bid/Offer period in relation to its initial public offering of Equity Shares (the "Offer"/ "IPO") on Monday, June 14 2021 and close the Bid/Offer period on Wednesday, June 16, 2021. The price band for the Offer has been decided at Rs. 303 - Rs. 306 per Equity Share. The Company and the Selling Shareholders have, in consultation with the book running lead managers (the "BRLMs"), considered participation by Anchor Investors, which participation shall be one Working Day prior to the Bid/Offer Opening Date, i.e. Friday, June 11, 2021.

The total issue size is upto Rs. 909 crore with a fresh issuance of Equity Shares, aggregating up to Rs. 657 Cr and an offer for sale of Equity Shares aggregating up to Rs. 252 cr, by the Selling Shareholders. The Company proposes to utilise the Net Proceeds from the Fresh Issue towards repayment or prepayment of up to Rs 470 crs of its debt and that of its subsidiary, Shyam SEL and Power Limited and for other general corporate purposes.

The Group is a producer of 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. The Group is currently in the process of further diversifying its product portfolio by entering into the segments, such as, pig iron, ductile iron pipes and aluminium foil. The Group's key strength lies in its integrated operations across the steel value chain and strategic locations of its manufacturing plants in Odisha and West Bengal which are well connected by railways, roadways and ports in the eastern region of India and are supported by infrastructure in terms of captive railway sidings and captive power plants.

The Group's manufacturing plants at Sambalpur and Jamuria are forward and backward integrated, and the Group is present across steel value chain, offers a diversified product mix, and has strategic locational advantage. In the nine months ended December 31, 2020, power units produced from the Group's captive power plants accounted for 79.58% of their total power units consumed. The Group has a wide distribution network partnered through 42 distributors across 13 states and one union territory in India, as of December 31, 2020. The Group's domestic customers include Jindal Stainless Limited, Jindal Stainless (Hisar) Limited, and Rimjhim Ispat Limited and international customers include Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys (FZC), Traxys North America LLC, JM Global Resources Limited, Goenka Steels Private Limited and Vijayshri Steel Private Limited.

ICICI Securities Limited, JM Financial Limited, Axis Capital Limited, IIFL Securities Limited and SBI Capital Markets Limited are the BRLMS to the Offer.

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR"), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made in accordance with Regulation 6(1) of the SEBI ICDR Regulations, through the Book Building Process wherein not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations subject to valid Bids being received from them at or above the Offer Price. The portion of the Offer being up to 300,000 Equity Shares, which shall not exceed 5% of the post Offer Equity Share capital of our Company, is available for allocation to Eligible Employees, on a proportionate basis.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Paras Defence and Space Technologies Limited's IPO to open on September 21, 2021

Kolkata based Metal and Mining Co., Tega Industries files for its IPO

Prudent Corporate Advisory Services Limited files DRHP with SEBI

Private Market Intelligence SaaS Platform, Tracxn files for an IPO

Inspira Enterprise India Limited files DRHP with SEBI

Aptus Value Housing Finance India Limited, Issue subscribed 0.37 times, Retail portion booked 0.54 times on day 2

Nuvoco's IPO final day: Issue subscribed 1.71 times on final day, Best interest from QIB subscribed 4.23 times

Keventer Agro Limited files DRHP with SEBI

Aptus Value Housing Finance India Limited raises Rs. 834 crs from 21 Anchor Investors

Retail Segment laps up 80 % of CarTrade's IPO on Day 1

Nuvoco sees Steady Retail Category Interest 31% Subscribed on Day 1

Hyderabad based Edible Oil Co., Gemini Edibles & Fats files for Rs. 2500 cr IPO

Nuvoco Vistas raises Rs. 1,500 crores from Anchor Investors, 30% of the IPO size of Rs. 5,000 crores

Exxaro Tiles Limited IPO final day: Issue subscribed 22.57 times, Best interest from Retail investors subscribed 39.88 times

Devyani International Limited IPO Final Day: Issue subscribed 116.71 times, Retail portion booked 39.51

Devyani International Limited Issue subscribed 6.61 times, Retail portion booked 22.94 on day 2

Exxaro Tiles Limited IPO subscribed 10. 30 times, Retail portion booked 21.11 times on day 2

Chemplast Sanmar Limited Initial Public Offer to open on Tuesday, August 10, 2021

Aptus Value Housing Finance India Limited's IPO to open on August 10, 2021

Devyani International Limited Issue subscribed 2.69 times, Retail portion booked 11.36 times on day 1

Exxaro Tiles Limited Issue subscribed 4.67 times, Retail portion booked 9.29 times on day 1

Nuvoco Vistas's Rs. 5,000 crores IPO to open on August 09, 2021

FSN E-Commerce Ventures Private Limited (Nykaa) Files DRHP with SEBI for IPO

Profitable Multi-Channel Auto Platform CarTrade Tech Limited's IPO to open on August 09, 2021

Krsnaa Diagnostics Limited IPO to open on August 4, 2021

Fino Payments Bank becomes the first profitable fintech to file for an IPO

Devyani International Limited's IPO to open on August 04, 2021

Vitrified Tiles Major, Exxaro Tiles Limited's IPO to open on August 04, 2021

Windlas Biotech Limited Initial Public Offer to open on Wednesday, August 04, 2021

ESAF Small Finance Bank files for Rs 998 cr IPO

CarTrade Tech Limited gets SEBI approval to float Rs. 2000 crore IPO

Retail focused HFC, Aptus Value Housing gets SEBI approval for IPO

Glenmark Life Sciences IPO - Top Things to Know

Anand Rathi Wealth Ltd files for Rs 1000 cr IPO

Glenmark Life Sciences Limited IPO to open on July 27, 2021

QSR Player Devyani International gets SEBI approval for IPO

Nuvoco Vistas Corporation Limited gets SEBI approval to float Rs. 5000 crore IPO

Northern Arc Capital Limited plans for IPO files DRHP with SEBI

IPO-Bound Veeda Clinical Research acquires majority stake in Bioneeds preclinical

India's Leading Digital Ecosystem, Paytm files for Rs. 16,600 Crore IPO

Chemspec Chemicals Limited plans for IPO files DRHP with SEBI

Tatva Chintan Pharma Chem Initial Public Offer to open on July 16, 2021

G R Infraprojects Limited IPO oversubscribed by over 100 times

G R Infraprojects Limited Issue subscribed 5.90 times, Retail portion booked 7.49 times on day 2

Zomato Limited IPO to open on July 14, 2021

G R Infraprojects Limited raises Rs. 283.33 crores from 22 Anchor Investors

Clean Science & Technology Ltd. - IPO - Healthy Growth Prospects with Reasonable Valuations - Reliance Securities

Top 10 Things To Know - Clean Science and Technology Limited

IPO Review - GR Infraprojects Ltd - ICICI Direct

Clean Science and Technology Limited Initial Public Offer to open on 07th July 2021


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020