Shyam Metalics and Energy Limited IPO, Full Details



Kolkata based Ferroalloys and Integrated metal producer Shyam Metallics ka IPO aane wale hai June 14th ko. June 16th tak IPO applications open rahega. Investors ke liye sawaal ye hai ki kya ye IPO invest karne ke liye sahi hoga? Isi ka jawab aaj ke vide me dunga, short and sweet, lekin sabse pehle blog ko subscribe kijiyega .

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Shyam Metalics Details

West bengal ke Jamuria, Mangalpur, Orissa ke Sambalpur me 3 manufacturing units ke saath Shyam Metalics ne apne aap ko key strategic positioning diya hai. Eastern belt me bahut accha distribution and reach ek bahut bada strong point hai shyam metalics ke liye.

 

Core Business

Shyam Metalics ka core business Iron Ore and Integrated metal product manufacturing hai. Ye mostly construction ke kaamo me use hota hai. Is business ka demand kam hone ke chances kaafi kam hai, Indian Government ne recently bahut investment kiya hai on Manufacturing and infra development.

 

Financials

Profit after tax ka amount Dec 20 me 4563 Crore ke aas paas tha, ye amount March 20 ke amount se 1100 Crore zyada hai. Matlab pandemic ke wajah se hone wale loss ko company recover kar paa rahi hai. Ye accha indicator hai company ke strength ka

 

Other major points

●     Leading integrated metal producer in India.

●     Strategically located manufacturing plants with a robust infrastructure.

●     Diversified product portfolio.

●     Strong financial performance and distribution network.

Issue Details

Is issue me 909 Crore ke worth wale shares public ko diye jayenge. Isme 657 Crore ka fresh sale aur 252 crore ka offer for sale diya jayega. 3 lakh equity shares employees ke liye rakhhe jayenge. Kuch eligible employees ko per share 15rs ka discount diya jayega offer price me se.

 

Is offer for sale me apne share bechwale investors hain

●      Rs 37 crore worth of shares by Subham Capital,

●      Rs 63 crore by Subham Buildwell,

●      Rs 25 crore by Kalpataru Housefin & Trading,

●      Rs 30 crore by Dorite Tracon,

●      Rs 97 crore by Narantak Dealcomm.

 

 

11th June ko anchor investors ke liye ye issue open kiya jayega.

 

●      About 50 percent of the total issue size has been fixed for subscription by qualified institutional buyers,

●      up to 35 percent for retail investors 

●      15 percent for non-institutional investors

IPO Objective

●      Debt repayment

●      General corporate expenses

 

Shyam Metalics IPOLtd Financial Details :

●      Earnings per Share 2017-18 Rs 18.17

●      Earnings per Share 2018-19 Rs 25.86

●      Earnings per Share 2019-20 Rs 14.57

●      Earnings per Share 2020-21,9M Rs 19.53

●      Book Value of the Share as on 31.12.2020 Rs 140.63

●      Return on Net Worth: 17-18 22.89 %

●      Return on Net Worth: 18-19 24.27 %

●      Return on Net Worth: 19-20 12.04 %

●      Return on Net Worth: 20-21,9M : 13.89 %

Upper Price Band/last EPS: 11.77

Upper offer price/Book Value Ratio: 2.17

 

Shyam Metalics IPO Peer Comparison:

Tata Steel @ PE Multiple of 57.38

JSW Steel @ PE Multiple of 24.25

Sail ltd @ PE Multiple of 12.63 5.11

Jindal Steel & Power PE Multiple NA

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