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Lack of positive triggers to keep bulls under check
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Lack of positive triggers to keep bulls under check
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, which filed preliminary IPO papers with capital markets regulator Sebi in February, received its go-ahead on May 11.
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 se...