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Shyam Metalics and Energy Limited IPO Detail, GMP, Key Dates etc

  Introduction : Incorporated in 2002 Metal Producer co, Such as  iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys Largest producers of ferro alloys in terms of installed capacity 4 th  player in the sponge iron industry.        Client List :      Jindal Stainless Limited, Rimjhim Ispat Limit are some of its domestic clients whereas 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. Manufacturing plants  : located in Sambalpur in Odisha, Jamuria and Mangalpur in West Bengal.   Capacity to increase from 5.71 MTPA to 11.60  M TPA by 2025 Shyam Metalics and Energy Key Dates :   Date          :14-6-2021 To 16-6-2021   Fresh Issue    : Rs. 657 Cr.   OFS                : Rs. 252 Cr.   Total Issue Size   : Rs. 909 Cr.   Price Band     : 303 to 306   (Employee Discount

What is Rollover, Open Interest and use

 What is Rollover ?

 "Rollover" refers to the process of closing out open positions in soon-to- expire contracts in favour of contracts with later expiration dates. Rollover is unique to each product, and it produces a substantial impact upon volatility and price action within the marketplace.

Example : Current Month is Feb 2021, While Next month is March 2021, so current month position cuts and create position in next month, i.e. March 2021.

 

What is Rollover Importance ?

 The main motive of rollover is to identify highest rollover stock and lowest stock position by analyzing Future Open Interest data. It shows where biggies is interested where money is flowing, and moreover where Operator is active. Operator is just group of people having common interest to take stock up or down.

 

How to identify rollover stock list?

 you need to download Bhavcopy of last 6 months, combine future OI of each stock in vertical format and compare highest rollover happening in which month.

 

What is Open Interest ?

Open interest name suggest those contract which is open either buy or sell. Open interest refers to the total number of outstanding derivative contracts that have not been settled. For each buyer of a futures contract there must be a seller. From the time the buyer or seller opens the contract until the counter-party closes it, that contract is considered open.  

 Types of Open Interest ?

Positive
Negative
No change

What is Positive Open Interest ?

Stock or Index is closing positive and above its day weighted average price is BULLISH
Stock or index is closing negative and below its weighted average price is BEARISH

What is Negative Open Interest ?
Stock or Index is closing positive and above its day weighted average price : Short covering
Stock or index is closing negative and below its weighted average price : Long unwinding

 what is NO change ?

Trend is not clear, wait for the direction

Various Type of Future OI status :


Long Build up :



Short Build up :


Short Covering :


Long Unwinding :




So, Rollover is one method where we can ascertain list of stock by analyzing Open Interest data and set the theme for the entire month. Example : If Suppose March Month 3-4 Stock came from FMCG sector or IT sector it will set theme for full month.

Will share List of stock came based on above method soon. 




 

 

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