Auto component maker Sona Comstar's Rs 5,550-crore IPO comprises fresh issue of shares amounting to Rs 300 crore and an offer-for-sale (OFS) aggregating up to Rs 5,250 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of the Blackstone Group Inc.
Shyam Metalics, Sona Comstar, Navoday Enterprises IPOs open on June 14: The companies are raising funds to retire their debt, funding capital expenditure requirements, and for general corporate purposes
Analysts said the company has consistently outperformed its peers in terms of profitability. They said the majority of the power that Shyam Metalics consumes is met through captive sources, which results in low power costs and, thereby, improved operating performance vis-à-vis its peers.
Shyam Metalics IPO will open for subscription on Monday, June 14, and will close on Wednesday, June 16.
What is the price band for Shyam Metalics IPO?
The price band for Shyam Metalics and Energy IPO has been fixed at Rs 303-306.
What is the lot size for Shyam Metalics IPO?
Investors can subscribe to the IPO by betting for a lot of 45 shares or in multiples thereof. Retail investors can bid for a maximum of 14 lots.
What is the issue size of Shyam Metalics IPO?
The issue comprises fresh issuance of shares, aggregating up to Rs 657 crore, and an offer for sale of up to Rs 252 crore by existing shareholders.
Shyam Metalics and Energy IPO will comprise a fresh issuance of equity shares worth Rs 657 crore and an offer for sale of Rs 450 crore by promoter and promoter Group