Shyam Metalics & Energy IPO GMP History
Shyam Metalics & Energy IPO has been listed on June 24, 2021 at a listing price of ₹380, against the issue price of ₹306 — a gain of ₹74 (+24.18%). The GMP peaked at ₹160 on 11 June 2021 and reached a low of ₹130 on 23 June 2021. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Shyam Metalics & Energy IPO raised ₹908.8 Cr. through its IPO at a price band of ₹303 to ₹306 per share, with a lot size of 45 shares. The IPO was open for subscription from 14 Jun 2021 to 16 Jun 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:18 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 23 Jun 2021 | ₹ 130 | ▼ | 42% | — | — |
| 22 Jun 2021 | ₹ 135 | ▲ | 44% | — | — |
| 21 Jun 2021 | ₹ 130 | ▼ | 42% | — | — |
| 18 Jun 2021 | ₹ 135 | ▼ | 44% | — | — |
| 17 Jun 2021 | ₹ 150 | ▲ | 49% | — | — |
| 16 Jun 2021 | ₹ 140 | ▼ | 46% | — | — |
| 15 Jun 2021 | ₹ 150 | ▲ | 49% | — | — |
| 14 Jun 2021 | ₹ 140 | ▼ | 46% | — | — |
| 12 Jun 2021 | ₹ 150 | ▼ | 49% | — | — |
| 11 Jun 2021 | ₹ 160 | ▲ | 52% | — | — |
| 10 Jun 2021 | ₹ 140 | ▲ | 46% | — | — |
| 09 Jun 2021 | ₹ 130 | ▼ | 42% | — | — |
| 08 Jun 2021 | ₹ 140 | — | 46% | — | — |
Shyam Metalics & Energy IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 14 Jun 2021
- Close 16 Jun 2021
- Allotment 21 Jun 2021
- Refund/credit 22 Jun 2021
- Listing 24 Jun 2021
Shyam Metalics & Energy IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹306 |
|---|---|
| GMP-based estimate (pre-listing) | ₹436 (+42.5%) |
| Listing gain / loss | +₹74 per share |
| Listing date | 24 Jun, 2021 |
| Actual listing price | ₹380 (+24.18%) |
Is Shyam Metalics & Energy IPO GMP reliable?
Grey market premium for Shyam Metalics & Energy IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Shyam Metalics & Energy IPO full review for a fundamentals-based assessment before making any grey market trades.
Shyam Metalics & Energy IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Shyam Metalics & Energy IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Shyam Metalics & Energy IPO
Shyam Metalics and Energy Limited was incorporated as Shyam DRI Power Limited at Kolkata on 10 December 2002. It makes long steel products and ferro alloys, and sells intermediate and final products across the steel value chain.
Its products include iron pellets, sponge iron, steel billets, TMT bars, structural products, wire rods and ferro alloys. It was among the largest makers of ferro alloys in India by installed capacity as of February 2021, and the fourth largest in sponge iron capacity.
It runs three plants, at Sambalpur in Odisha and at Jamuria and Mangalpur in West Bengal. On 31 December 2020 their installed metal capacity was 5.71 million tonnes per annum, with captive power plants of 227 MW. It has posted positive EBITDA every year since it began operations in Fiscal 2005.
The IPO was Rs 908.80 crore, with Rs 656.85 crore of fresh issue and Rs 251.94 crore of offer for sale. Rs 470.00 crore was planned for repaying debt of the company and its subsidiary SSPL.
Frequently asked
What is the GMP of Shyam Metalics & Energy IPO?
The current Grey Market Premium (GMP) of Shyam Metalics & Energy IPO is ₹ 130.
What is the Kostak Price of Shyam Metalics & Energy IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Shyam Metalics & Energy IPO is not available.
What is the Subject to Sauda Price of Shyam Metalics & Energy IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Shyam Metalics & Energy IPO?
Shyam Metalics & Energy IPO listed on June 24, 2021 at ₹380, against the issue price of ₹306 — a gain of +24.18%.
How did the GMP of Shyam Metalics & Energy IPO trend before listing?
The GMP of Shyam Metalics & Energy IPO was falling in its final days before listing. The GMP peaked at ₹160 on 11 June 2021. View the day-wise table above for the complete GMP history.
Explore Shyam Metalics & Energy IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
