Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
IPO News

| More

Shyam Steel Industries Limited files DRHP for IPO

Posted On: 2019-06-05 11:17:35

Shyam Steel Industries Limited, one of the leading premium branded thermo mechanically treated rebar ("TMT Rebar") players in India having integrated steel plants and a strong brand identity and recall amongst end customers has filed IPO papers with market regulator SEBI for Initial Public Offering.

Initial Public Offering of Shyam Steel consists of a Fresh Issue of Up to Rs 200 Crore and an Offer for Sale of up to 6,670,000 equity shares, comprising up to 1,160,300 equity shares by the promoter selling shareholders and up to 5,509,700 equity shares other selling shareholders.

Axis Capital Limited, Edelweiss Financial Services Limited, SBI Capital Markets Limited and IIFL Holdings Limited are the Book Running Lead Managers to the issue and Link Intime is the registrar to the issue.

The Company proposes to utilize the net proceeds from the IPO towards funding the following objects: (1) Repayment / prepayment of certain borrowings of the Company and its Subsidiary, SSML; and (2) General corporate purposes.

Shyam Steel Industries Limited is one of the leading premium branded thermo mechanically treated rebar ("TMT Rebar") players in India having integrated steel plants and a strong brand identity and recall amongst end customers (source: CRISIL Report). Shyam Steel is primarily involved in production of TMT Rebar with backward integration in sponge and billet and sale of premium TMT bars (long steel products) in India (source: CRISIL Report). Company has derived 75.97%, 71.82%, 72.17% and 79.25% of Its revenue from sale of products for TMT Rebar and allied products in the nine months period ended December 31, 2018, Fiscal 2018, Fiscal 2017 and Fiscal 2016. As on March 31, 2019.

Company operates all its Steel Manufacturing Plants in West Bengal. In addition to production of quality TMT Rebar, as part of its integrated operations and ensuring presence across company's entire steel value chain. The aggregate installed iron and steel production capacity of company's Steel Manufacturing Plants was 1,584,656 MTPA, including an installed TMT Rebar production capacity of 641,960 MTPA. Owing to its extensive and strong dealer distribution network and strong brand identity, company has developed a strong retail segment through which it has derived 57.72%, 55.91%, 47.33% and 50.21% of its revenue from sale of TMT Rebar and allied products in the nine months period ended December 31, 2018, Fiscal 2018, Fiscal 2017 and Fiscal 2016, respectively.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Alpahlogic Techsys IPO oversubscribed 1.18 times on the final day of bidding

Alphalogic Techsys IPO receives overwhelming response, oversubscribed on second day of bidding

Start-up IPO Alpahlogic Techsys subscribed 64% On the First day of bidding

India's First Start-up IPO Opens today

Alphalogic Techsys IPO now to open in Aug 26th, 2019

Alphalogic Techsys Limited IPO to open on August 23, 2019

Alphalogic Techsys Limited to be the First Company to be Listed on BSE Startup Platform

Ujjivan Small Finance Bank Ltd files DRHP with SEBI for IPO

Global solar EPC major Sterling and Wilson Solar's Rs 3,125 cr IPO opens on August 6, 2019

Tamil Nadu - based Annai Infra Developers Ltd. gets SEBI approval to float IPO

Maharashtra Finance Minister Unveils DRHP of Alphalogic Techsys Limited for Rolling Out its IPO

K.P.R. Agrochem IPO withdrawn: Angel Broking

White Organic Retail Ltd IPO opens on BSE SME platform

TN-based Annai Infra Developers Limited files document for IPO float

Rail Vikas Nigam Limited's IPO to open on Friday, March 29, 2019

Humming Bird Education IPO fully subscribed

Humming Bird Education IPO Opens on March 15

MSTC Limited's IPO to open on Wednesday, March 13, 2019

Anmol India Ltd IPO fully subscribed on Day 3

KPI Global Infrastructure's Rs. 40 crore mops subscription of Rs. 436 Crore

Initial Public Offer: Garden Reach Shipbuilders & Engineers - Kotak

Initial Public Offer: Dinesh Engineers Ltd - Kotak

Subscription for Kritika Wires Ltd IPO open

Garden Reach Shipbuilders & Engineers Ltd IPO extended, price band revised

IPO of Spectrum Electrical Industries Limited Opens on September 17, 2018

Ahlada Engineers IPO opens for subscription on Sep 11, 2018

Rajshree Polypack Ltd NSE SME IPO to open for subscription on Sep 10, 2018

Marquee investor, Sunil Singhania's Abakkus Growth Fund - 1 invests in Rajshree Polypack Limited as Anchor Investor

Equity shares of CreditAccess Grameen Limited to list on Aug 23, 2018

TCNS Clothing Company Ltd to list on July 30, 2018

HDFC AMC IPO receives subscription of 83.04 times

HDFC Asset Management Co - IPO Note - Angel Broking

TCNS Clothing Company Limited - IPO Note - Angel Broking

Rajnish Wellness Ltd IPO to hit markets on June 25, 2018

Varroc Engineering Limited IPO to open for subscription on June 26, 2018

RITES Limited IPO receives overwhelming response from investors

Fine Organic Industries Limited IPO receives subscription of 8.99 times

Varroc Engineering Ltd - IPO Note - Angel Broking

RITES Ltd - IPO Note - Angel Broking

Fine Organic Industries Ltd - IPO Note - Angel Broking

Avana Logistek Ltd files DRHP with SEBI for IPO

IndoStar Capital Finance Ltd - IPO Note - Angel Broking

IndoStar Capital Finance Limited Offer opens on May 9, 2018

IPO Note - SoftTech Engineers Ltd - Arihant Capital Markets Ltd

Hindustan Aeronautics Ltd to list on March 28, 2018

Expectations high on listing of Bandhan Bank shares tomorrow

Mishra Dhatu Nigam Limited IPO receives subscription of 1.21 times

Lemon Tree Hotels Limited - IPO Note - Angel Broking

Mishra Dhatu Nigam Ltd - IPO Note - Sushil Finance

ICICI Securities Ltd - IPO Note - Sushil Finance







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019