Shah Metacorp Ltd Right Issue

₹49.80 Cr BSE, NSE 11 Jun 2026 – 24 Jun 2026

Closed Ratio: 36 : 311 BSE, NSE
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Issue Price
₹4.86
Face Value
₹1.00
Issue Size (Shares)
102,468,139
Issue Size (₹ Cr.)
₹49.80
📅 Right Issue Timetable
Last Date to Buy SharesTue, May 26, 2026
Record DateWed, May 27, 2026
Credit of Rights EntitlementsFri, May 29, 2026
Bid/Offer Opens OnThu, Jun 11, 2026
Issue Open DateThu, Jun 11, 2026
Renunciation Last DateFri, Jun 19, 2026
Bid/Offer Closes OnWed, Jun 24, 2026
Issue Close DateWed, Jun 24, 2026
Deemed Date of AllotmentMon, Jun 29, 2026
Credit DateMon, Jun 29, 2026
Listing DateTue, Jun 30, 2026
📋 Right Issue Details
Issue Size (Shares)102,468,139
Issue Size (Amount)₹49.80 Cr.
Issue Price₹4.86 per share
Face Value₹1.00 per share
Entitlement Ratio36 : 311
Listing AtBSE, NSE
Terms of Payment₹4.86 per share payable in full at the time of application.
📊 Company Financials (Restated)
Period Ended2025-09-302025-03-312024-03-31
Income69.60173.8196.22
EBITDA
Net Worth309.17165.1057.37
Reserves & Surplus220.65105.7115.43

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Providing Inter-Corporate Loans to Subsidiaries, Western Urja Private Limited and Metcorp Trading LLC, for meeting their business expansion₹337.62
2Equity Investment and Provision of Working Capital Loan to Shah Metacorp Holdings USA INC for International Expansion₹287.62
3Adjustment of Unsecured Loans of Ms. Mona Shah, Director and Promoter of the Company through conversion of the outstanding Loan to Equity against their Rights Entitlement₹1,537.15
4Augmenting the working capital base of the Company to meet its incremental working capital requirements₹1,616.92
5General Corporate Purposes₹1,173.49
Total₹4,952.80
🏢 About the Company
Shah Metacorp Limited is engaged in the manufacturing, processing, and sale of stainless steel and mild steel long products. The company primarily caters to industrial and infrastructure sectors with a range of steel products used in construction, engineering, and manufacturing applications. The company was formerly known as Gyscoal Alloys Limited and changed its name to Shah Metacorp Limited in 2023.

The company manufactures and supplies products such as stainless steel bars, flat bars, equal angle bars, bright bars, ingots, and mild steel products. It operates manufacturing facilities in Gujarat and also exports its products to international markets, focusing on quality and industrial-grade steel solutions.

Shah Metacorp Limited focuses on expanding its steel manufacturing capabilities, strengthening its dealer network, and improving product offerings to serve automotive, engineering, construction, and industrial customers. The company is headquartered in Ahmedabad, Gujarat, and operates in the materials and steel sector.
📞 Company Contact
CompanyShah Metacorp Ltd
AddressPlot No 2/3 GIDC Ubkhal,
Kukarwada, Tal. Vijapur,
Dist. Mehsana, kukarwada
Mehsana, 382830
Phone9102763252384
Emailcs@shahgroupco.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone022-49186000
Emailshahmetacorp.rights@in.mpms.mufg.com
WebsiteVisit ↗