Shyam Metalics and Energy Limited Overview
Shyam Metalics and Energy Limited (SMEL) is India’s leading integrated metal producer company and it is Incorporated in year 2002. 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.
Company serves their services for Jindal Stainless Limited, Rimjhim Ispat Limit are some of its domestic clients. And in the other hand 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 clients.
Mahabir Prasad Agarwal, Brij Bhushan Agarwal, Sanjay Kumar Agarwal, Subham Capital Private Limited, Subham Buildwell Private Limited, Narantak Dealcomm Limited, Kalpataru Housefin & Trading Private Limited, Dorite Tracon Private Limited etc. are the company promoters.
IPO Listing & Details
|IPO Open Date||14th – June – 2021|
|IPO Close Date||16th – June – 2021|
|Face Value||₹10 per equity share|
|Issue Type||Book Built Issue IPO|
|Issue Size||909 Crore|
|Issue Price||303 to 306|
|Min. Lot||1×45 = ₹13,770|
|Max. Lot||14×630 = ₹192,780|
How to apply in Shyam Metalics and Energy Limited IPO 2021?
You can apply online for your Zerodha account and by using UPI as a payment gateway. Zerodha customers can apply in Shyam Metalics and Energy Limited IPO by login into Zerodha Console (back office) and submitting an IPO application form.
If you haven’t Zerodha account you can open your account here
Steps to apply in IPO through Zerodha
1) Visit the Zerodha website and login to Console.
2) Go to Portfolio and click the IPOs link.
3) Go to the “Shyam Metalics and Energy Limited 2021” row and click the ‘Bid’ button.
4) Enter your UPI ID, Quantity, and Price.
5) “Submit” IPO application form.
6) Visit the UPI App (net banking or BHIM) to approve the mandate.