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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Repayment or Pre-payment of Debt
Full or partial pre-payment and repayment of certain outstanding borrowings incurred by the company and its subsidiary, Shyam SEL and Power Limited.
General Corporate Purposes
Funding ongoing business operations and meeting general corporate requirements.
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(₹ in Crore)
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Shyam Metalics and Energy Limited is a leading integrated metal producing company in India, primarily focused on long steel products and ferro alloys. Its product portfolio spans iron pellets, sponge iron, steel billets, TMT bars, wire rods, and structural steel, catering to diverse construction and infrastructure sectors. Headquartered in Kolkata, West Bengal, the company operates major integrated manufacturing plants in Sambalpur, Odisha, and Jamuria, West Bengal. These facilities feature captive power generation capabilities, which significantly optimize manufacturing costs and ensure uninterrupted operations. Promoted by Mahabir Prasad Agarwal and family, the business has grown into one of the key metal producers in Eastern India. Shyam Metalics holds a strong market position as one of the largest producers of ferro alloys in India in terms of installed capacity, as well as a leading player in the domestic sponge iron industry. The company emphasizes backward and forward integration, maintaining efficient resource utilization and competitive operating margins.
The company raised Rs 270 crore by allocating 8,821,764 equity shares to 21 anchor investors at Rs 306 per share, featuring participation from major mutual funds including Nippon India, Kotak MF, Aditya Birla Sun Life, and international institutional investors.
Source: RHP • Analysis provided for informational purposes
Last Updated: 28 July 2026, 4:10 AM
Integrated Manufacturing Operations
Operates fully integrated production facilities supported by captive power plants, driving cost efficiency and operational stability.
Diverse Product Portfolio and Customer Reach
Produces a broad range of long steel and intermediate metal products, catering to varied industrial and construction requirements across India.
Strong Operational Margins and Cash Flow Track Record
Maintains a history of positive operating profit and disciplined working capital management backed by strategically located units.
Sensitivity to Commodity Market Volatility
Financial performance is subject to fluctuations in international and domestic steel pricing and raw material availability.
Environmental and Regulatory Compliance Demands
Operations depend on continuous compliance with stringent environmental standards, industrial safety regulations, and resource licenses.
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