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Shah Metacorp Ltd Rights Issue (Shah Metacorp Rights Issue May 2026) Detail

₹49.80 Crores | Listing at BSE, NSE | Thu, Jun 11, 2026 - Wed, Jun 24, 2026

Shah Metacorp Ltd Rights Issue comprises 10.25 Cr equity shares aggregating to ₹49.80 Cr, offered at an issue price of ₹4.86 per share with a face value of ₹1 per share.

The record date for determining eligible shareholders is May 27, 2026, with the Rights Issue being offered in the entitlement ratio of 36:311.

As per the terms of payment, ₹4.86 per share payable in full at the time of application.

The Rights Issue opens on Jun 11, 2026 and closes on Jun 24, 2026.

MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.

Investors are advised to refer to the Shah Metacorp Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.

IPO Stock Quote & Charts

Rights Issue Details

Issue Size (Shares)

10,24,69,136
Issue Price

₹4.86 per share
Terms of Payment

₹4.86 per share payable in full at the time of application.

Issue Size (Amount)

₹49.80 Crores
Face Value

₹1 per share
Listing At

BSE, NSE

Rights Issue Timetable

Last Date to buy shares

Tue, May 26, 2026
Credit of Rights Entitlements
Renunciation of Rights Entitlements

Mon, Jun 22, 2026
Deemed Date of Allotment
Listing Date

Record Date

Wed, May 27, 2026
Bid/Offer Opens On

Thu, Jun 11, 2026
Bid/Offer Closes On

Wed, Jun 24, 2026
Credit Date

Company Financials (Restated)

Period Ended	30 Sep 2025	31 Mar 2025	30 Sep 2024	31 Mar 2024
Total Income	69.60	173.81	94.10	96.22
Profit After Tax	2.85	32.36	25.76	4.21
NET Worth	309.17	165.10	158.50	57.37
Reserves and Surplus	220.65	105.71	100.01	15.43
Amount in ₹ Crore

About Shah Metacorp Ltd

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.

Objects of the Issue:

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects

Est Amt (₹ Cr.)
1 Providing Inter-Corporate Loans to Subsidiaries, Western Urja Private Limited and Metcorp Trading LLC, for meeting their business expansion

337.62
2 Equity Investment and Provision of Working Capital Loan to Shah Metacorp Holdings USA INC for International Expansion

287.62
3 Adjustment 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
4 Augmenting the working capital base of the Company to meet its incremental working capital requirements

1,616.92
5 General Corporate Purposes

1,173.49
Total

4,952.80

Company Contact Information

Shah Metacorp Ltd
Plot No 2/3 GIDC Ubkhal,
Kukarwada, Tal. Vijapur,
Dist. Mehsana, kukarwada
Mehsana, 382830

9102763252384
cs@shahgroupco.com
Visit Website

Rights Issue Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
shahmetacorp.rights@in.mpms.mufg.com
Visit Website

IPO FAQs

When is Shah Metacorp Rights Issue May 2026 coming?

The Shah Metacorp Rights Issue May 2026 opens on Thu, Jun 11, 2026, and closes on Wed, Jun 24, 2026.

What is the schedule for Shah Metacorp Rights Issue May 2026?

Shah Metacorp Rights Issue May 2026 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements	Mon, Jun 22, 2026
Issue Opening Date	Thu, Jun 11, 2026
Issue Closing Date	Wed, Jun 24, 2026
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

What is the issue price for Shah Metacorp Rights Issue May 2026?

Shah Metacorp Rights Issue May 2026 price is set at ₹4.86 per share.

In what ratio is the Shah Metacorp Rights Issue May 2026 offered?

The eligible shareholders are being offered 36 Rights Equity Share(s) for every 311 fully paid-up Equity Shares held on Record Date (Wed, May 27, 2026).

What is the record date for Shah Metacorp Rights Issue May 2026?

The record date for the Shah Metacorp Rights Issue May 2026 is Wed, May 27, 2026.

What is the issue size of Shah Metacorp Rights Issue May 2026?

The issue size of Shah Metacorp Rights Issue May 2026 is of 10,24,69,136 equity shares at ₹4.86 per share aggregating up to ₹49.80 Crores.

Where can I get the Letter of Offer for Shah Metacorp Rights Issue May 2026?

The Letter of Offer for Shah Metacorp Rights Issue May 2026 can be downloaded here.

How to apply for Shah Metacorp Rights Issue May 2026?

You can apply for Shah Metacorp Rights Issue May 2026 in two ways:

Net Banking (ASBA)
Registrar’s Website (R-WAP Facility)
Steps to apply for Shah Metacorp Rights Issue May 2026 using Net Banking (ASBA)

Log in to the net banking account of your bank.
Go to the ‘IPO & Rights Issue’ section.
Check if the Shah Metacorp Rights Issue May 2026 is available on the list.
Click the Apply button next to the Shah Metacorp Rights Issue May 2026.
Fill and check your information.
Submit the application.
Steps to apply for Shah Metacorp Rights Issue May 2026 using Registrar’s website (R-WAP)

Visit registrar’s website
Go to the ‘Rights Issue’ section
Select Shah Metacorp Rights Issue May 2026 from the dropdown.
Enter Demat Account Number.
Fill the online application form.
Validate and submit the application.