IPO View
Shyam Metalics Price Band 303 – 306
Lot Size: 45 Shares
IPO date: 14th June – 16th June 2021
Shyam Metalics and Energy Limited (SMEL) is India's leading integrated metal producer company. The company is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. As of February 2021, it is among India's largest producers of ferro alloys in terms of installed capacity and the fourth-largest player in the sponge iron industry.
The company is looking to expand its capacity from 5.71 MTPA to 11.60 NTPA by 2025. Jindal Stainless Limited, Rimjhim Ispat Limit are some of its domestic clients whereas Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM GLobal Resources, Vijayshri Steel Pvt Ltd, etc. are the international client
Objects of the Issue:
The IPO proceed will be used towards the following purposes;
• Repayment and/or pre-payment of company and its subsidiary (SSPL)'s debt fully or partially.
• General corporate purposes.
Total Income as of Dec 2020: INR 3,995 Cr (9 Months)
PAT as of Dec 2020: INR 456 Cr (9 Months) Vs. 260 Cr in Dec 2020
Total borrowing as of Dec 2020: INR 864 Cr Vs. 971 Cr as of Dec 2019
Net worth as of Dec 2020: INR 3,285 Cr Vs. 2,746 Cr as of Dec 2019
EPS as of Dec 2020: INR 19.53 Vs. INR 11.53 as of Dec 2019
NAV per Equity Share Dec 2020: INR 140.6 Vs. 120.9 as of March 2020
Net cash flows from operation as of Dec 2020: INR 657 Cr Vs. (105 Cr) as of Dec 2019 Vs. 85 Cr in March 2020
View: As per the preliminary view share is fully priced now as per their offer price. The way the market is going good for listing gain. So it may apply for listing gain in the range of above INR 100. Apply for listing gain.