Shyam Metalics and Energy has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 909 crore through an initial public offer (IPO).
The funds will be utilized towards payment of debt, including that of its subsidiary SSPL and for other general corporate purposes. ICICI Securities, Edelweiss Financial Services, IIFL Holdings and JM Financial are the book running lead managers to the issue.
Shyam Metalics is one of the largest manufacturers of long steel products and ferro alloys in the country. It operates three manufacturing plants - one in Odisha and two in West Bengal, with an aggregate installed metal capacity of 2.90 metric tonnes per annum (MTPA).
| Company Name | CMP |
|---|---|
| Tata Steel | 206.55 |
| JSW Steel | 1204.00 |
| SAIL | 167.90 |
| Jindal Stainless | 765.15 |
| APL Apollo Tubes | 1978.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: