Supershakti Metaliks Share Price

Supershakti Metaliks Limited was initially incorporated as a Private Limited Company with the name Quentz Dealtrade Private Limited on December 12, 2012. The name of the Company was changed to Supershakti Metaliks Private Limited on November 12, 2014. Subsequently, it converted to a Public Limited Company and the name was changed to Supershakti Metaliks Limited on May 03, 2018.The Company is into the manufacturing of diversified products of secondary Steel through Induction Furnace route and currently operating a Steel Melting Section to produce semifinished product (i.e. Billet) and Rolling Mill Section to produce Wire Rods, HB Wires, and Binding Wires etc. in its plant. Unit1 started manufacturing operations in year 1995. In 2013, company was a Wholly Owned Subsidiary of the Group Company, Super Smelters Limited, also a Company under the Flagship of Sai Group. Super Smelters Limited was operating through three units situated in Durgapur (Unit I), Koderma (Unit II) and Jamuria (Unit III). In June 2016, the Durgapur Unit of Super Smelters Limited was demerged and vested in the Company effective from April 01, 2015 through the Scheme of Arrangement and the existing shareholders of Super Smelters Limited became the shareholders of the Company.On 20th July 2018, the Company came up with a Public Issue of 16,00,200 Equity Shares by raising capital from public aggregating to Rs 60 Crores consisting a Fresh Issue of 8,00,200 equity shares aggregating Rs 30 Crores and an Offer for Sale of 8,00,000 equity shares aggregating Rs 30 Crores.