Shyam Metalics and Energy Limited IPO
Shyam Metalics IPO opens on June 14, 2021. The Rs 1,107 crore IPO comprises fresh shares worth Rs 657 crore and an offer for sale of Rs 450 crores equities from existing shareholders. IPO bidding window will remain open for three days, till June 16, 2021, and anchor investor bidding will happen on June 11, 2021.
Shyam Metalics IPO
Shyam Metalics and Energy Limited
IPO Date : 14th June 2021 - 16th June 2021
₹20/- For Intraday, F&O, Currencies & Commodities
Shyam Metalics and Energy Limited Information
The Kolkata-based company is a leading integrated metal producer, primarily engaged in producing long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferroalloys. They cater to both institutional clients and end-customers. As of February 2021, they occupy the number one position in ferroalloy manufacturing and is fourth in producing sponge iron.
Shyam Metalics has three well-integrated manufacturing units - one in Odisha and two in West Bengal. They operate through a network of 42 distributors catering to 13 states and one Union Territory.
Shyam Metalics and Energy Limited IPO Important Dates
| IPO Opens | June 14, 2021 |
| IPO Closes | June 16, 2021 |
| Basis of Allotment Date | June 21, 2021 |
| Refund Initiation | June 22, 2021 |
| Credit of Shares to Demat Account | June 23, 2021 |
| IPO Listing Date | June 24, 2021 |
Competitive strength
- Leadership position in producing a wide range of integrated steel products
- Strategically located manufacturing units and robust infrastructure to cater to a broader market
- Well-diversified product portfolio
- Robust financials and network of distributors
Shyam Metalics and Energy Limited IPO Latest News & Subscription Status Today [Live]
At 05:00 p.m
- This IPO has been subscribed 121.43x by 5:00 p.m. on Day 3
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 155.71x
- (NII) Non-institutional buyers: 339.98x
- (RII) Retail Individual buyers: 11.64x
- Employees: 1.55x
At 05:00 p.m
- This IPO has been subscribed 3.65x by 5:00 p.m. on Day 2
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.81x
- (NII) Non-institutional buyers: 2.60x
- (RII) Retail Individual buyers: 5.80x
- Employees: 0.78x
At 03:55 p.m
- This IPO has been subscribed 3.04x by 3:55 p.m. on Day 2
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.32x
- (NII) Non-institutional buyers: 1.69x
- (RII) Retail Individual buyers: 5.25x
- Employees: 0.60x
At 02:55 p.m
- This IPO has been subscribed 2.47x by 2:55 p.m. on Day 2
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.07x
- (NII) Non-institutional buyers: 1.42x
- (RII) Retail Individual buyers: 4.36x
- Employees: 0.50x
At 01:45 p.m
- This IPO has been subscribed 2.24x by 1:45 p.m. on Day 2
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.04x
- (NII) Non-institutional buyers: 1.08x
- (RII) Retail Individual buyers: 4.04x
- Employees: 0.46x
At 12:49 p.m
- This IPO has been subscribed 1.98x by 12:49 p.m. on Day 2
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.02x
- (NII) Non-institutional buyers: 0.95x
- (RII) Retail Individual buyers: 3.59x
- Employees: 0.43x
At 10:59 p.m
- This IPO has been subscribed 1.63x by 10:59 a.m. on Day 2
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.02x
- (NII) Non-institutional buyers: 0.77x
- (RII) Retail Individual buyers: 2.95x
- Employees: 0.37x
At 10:09 a.m
- This IPO has been subscribed 0.11x by 10:09 a.m. on Day 2
- It is a public issue of 107,105,262 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.02x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.54x
At 05:00 p.m
- This IPO has been subscribed 1.23x by 5:00 p.m. on Day 1
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.70x
- (RII) Retail Individual buyers: 2.19x
- Employees: 0.27x
At 04:05 p.m
- This IPO has been subscribed 1.04x by 4:05 p.m. on Day 1
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.63x
- (RII) Retail Individual buyers: 1.84x
- Employees: 0.17x
At 02:55 p.m
- This IPO has been subscribed 0.76x by 02:55 p.m. on Day 1
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.19x
- (RII) Retail Individual buyers: 1.45x
- Employees: 0.14x
At 01:35 p.m
- This IPO has been subscribed 0.58x by 01:35 p.m. on Day 1
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 1.15x
- Employees: 0.08x
At 12:50 p.m
- This IPO has been subscribed 0.47x by 12:50 p.m. on Day 1
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.95x
- Employees: 0.07x
At 12:00 p.m
- This IPO has been subscribed 0.37x by 12:00 p.m. on Day 1
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.74x
- Employees: 0.05x
At 10:50 a.m
- This IPO has been subscribed 0.18x by 10:50 a.m. on Day 1
- It is a public issue of 21,090,890 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.37x
- Employees: 0.02x
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