Berlangganan Shyam Metalics dan Energi: KR Choksey

KR Choksey IPO Report about Metallics and Shyam Energy

Shyam Metallics and Energy Limited (erstwhile Shyam Dri Power Limited) is an integrated metal company based in Kolkata, West Bengal. This produces long steel (finished steel) and ferro alloy (raw material for steel finished), which includes products such as pellets, TMT bars, structured products, wire and pipe stems, since 2005. The company was promoted by Mahabir Prasad Agarwal, Brij Bhushan Agarwal, Sanjay Kumar Agarwal, Shubham Capital Private Limited, Subham Buildwell Private Limited, Narnantak Dealcomm Limited, Kalpataru Housefins & Trading Private Limited, Dorite Tractton Private Limited, and Toplight Mercantiles Private Limited. The company has and operates 3 manufacturing plants in Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal with an aggregate installed capacity to produce 5.71 MTPA metal. The company also has a prisoner power plant with aggregate capacity to produce 227 MW power. The company exported to Nepal, Bhutan, Bangladesh, China, Japan and Dubai. The company produces 11% of the income from exports at 9MFY21.

Assessment and Outlook

Also, it has been in the process of introducing additional flow of revenue such as aluminum foil rolling mill and tenacious iron pipes, thus, it has advanced integrated gradually gradually, too. We believe companies can benefit from secular positive trends for recovery demand for the iron and steel sector. Pose pandemic severity. Therefore, we recommend “subscribe” to the IPO.