Read more about Shyam Metalics' Rs 1,107-cr initial public offering to open on Jun 14 on Business Standard. The Rs 1,107-crore initial share-sale of Shyam Metalics and Energy Ltd will open on June 14, merchant banking sources said on Saturday.The three-day initial public offer (IPO) will close on June 16 and the bidding for anchor investors will open on
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
Shyam Metalics gets nod for IPO
May 17, 2021
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Shyam Metalics and Energy Ltd on Monday received regulator SEBI's nod to float initial public offering. The ₹1,107-crore IPO comprises of a fresh Issuance of equity shares aggregating up to ₹657 crore and an offer for sale by selling shareholders - promoter and promoter Group - Subham Capital, Subham Buildwell, Kalpataru Housefin & Trading, Dorite Tracon, Narantak Dealcomm and Toplight Mercantiles aggregating up to ₹450 crore. The offer includes a reservation of up to 3 lakh shares for eligible employees. The company had filed its DRHP on February 27, 2021, with the markets regulator for an IPO.
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Kolkata Steel Major, Shyam Metalics & Energy receives SEBI Nod for Rs. 1107 cr IPO equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Kolkata Steel Major, Shyam Metalics & Energy files for Rs. 1107 cr IPO
Posted On: 2021-02-28 23:54:14 (Time Zone: Arizona, USA)
Shyam Metalics and Energy Ltd, a leading integrated metal producing company and also amongst the largest producers of ferro alloys in India , in terms of installed capacity as on February 2021 (Source: CRISIL Report); has refiled its Draft Red Herring Prospectus (DRHP) with the markets regulator for a Rs. 1107 cr IPO. The company tried to tap the capital markets in 2018 and had even received its SEBI Nod in early 2019. However, due to the pandemic and tepid market sentiments the Company deferred its plans to list on the bourses.
Shyam Metalics and Energy to raise ₹1,107 crore through IPO
March 01, 2021
This is the second attempt by the firm to raise funds through initial offer
Kolkata-based Shyam Metalics and Energy Ltd (SMEL), a manufacturer of long-steel and ferro-alloy products, has refiled its Draft Red Herring Prospectus (DRHP) with markets regulator to raise ₹1,107 crore through an initial public offering (IPO).
This is the second attempt by the firm to raise funds through IPO. The company had first filed DRHP in 2018 and received SEBI approval later in 2019. However, due to the pandemic and tepid market sentiments, it deferred the plans.
The IPO comprises a fresh issuance of ₹657 crore and an Offer For Sale (OFS) of up to ₹450 crore. The OFS is by promoters Subham Capital, Subham Buildwell, Kalpataru Housefin & Trading, Dorite Tracon, Narantak Dealcomm and Toplight Mercantiles.