Shyam Metalics IPO - ICICI Direct's Investment Rationale

Shyam Metalics IPO - ICICI Direct's Investment Rationale

A roll of hot steel passes along a conveyor belt at Shyam Metalics  And Energy Ltd. (Source: Company website).

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.

The company currently operates three manufacturing plants in Sambalpur in Odisha, along with Jamuria and Mangalpur in West Bengal.

It has the ability to sell intermediate and final products across the steel chain.

The company is among the largest producers of ferro alloys in terms of installed capacity in India, as of February 2021.

As of March 31, 2020, the company was also one of the leading players in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India.

Click on the attachment to read the full report:

ICICI Direct Shyam Metalics IPO Review.pdf
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