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.
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.
Highlights
fund raise via fresh issue amounting to Rs 300 crore.
Offer for Sale aggregating up to Rs 5700 crore.
New Delhi: Sona BLW Precision Forgings Ltd, one of India’s leading automotive technology companies and a major manufacturer and supplier to global EV markets, has filed its papers with the regulator SEBI to raise and aggregate of Rs 6000 crore via Initial Public Offering.
The public issue of shares of face value of Rs 10 each, comprises a fund raise via fresh issue amounting to Rs 300 crore and an Offer for Sale aggregating up to Rs 5700 crore by selling shareholder Singapore VII Topco III Pte Ltd., an affiliate of The Blackstone Group Inc.