Shyam Metalics: The shares are most likely to be listed on the BSE and NSE on June 24, 2021.
Shyam Metalics' Rs 909 crore preliminary public deal (IPO) opened for membership today i.e.
June 14.
The three-day IPO will stay open for trading for 3 days up until June 16 and the shares will be used in the price band of Rs 303-306 per share.
The shares are likely to be noted on the BSE and NSE on June 24, 2021.
Shyam Metalics' IPO consists of a fresh issue of shares totaling up to Rs 657 crore and an offer-for-sale by existing investors, worth Rs 450 crore.
The investors who would be unloading their stake consist of Subham Capital, Subham Buildwell, Kalpataru Housefin - Trading, Dorite Tracon and Narantak Dealcomm.Retail investors can bid for a minimum one lot of 45 shares and in multiples thereof, encompassing 15 lots.
Ahead of the IPO, the anchor investors have actually invested Rs 270 crore in the IPO at a cost of Rs 306 per share.Shyam Metalics will use the IPO funds to pay back or prepay financial obligation and for general business purposes.Shyam Metalics is a long steel items and ferro alloy business based in Kolkata, with factory at Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal.