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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

IRCON International Ltd : OFS

 

IRCON OFS Detail :


IRCON OFS on 4th March is for Retail Category, Application Less than 2 Lakh Rs. On 3rd March Close came at 91.1 Rs. Govt is offering total 16% Share capital to reach Stake below 75% at discount of almost 11% from 2nd March close.

Fundamentally company is sound and today i.e. 3rd March company has received Order from Railway Department worth 187.8 Cr expected to complete in 24 Months.  

Coming full year PSU will be in lime light as govt is aggressively emphasis on Privatization of most of business. 

The above Data shows No Retail demand total shares were offer 3.29 Cr while demand came nearly 10.84 Cr at Price of 89.39 Rs indicative rate.

What retail should do ?

on 4th March Share price will shoot up, As usual but still Reservation is 30% so, Floor price for retail now 89.39 Rs or above rate they can demand. I expect gap up tomorrow so one can try near 91-92 Level. In case market offers share near 90 or below level best buy from market only.

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