Shyam Metalics' initial public offering (IPO) was finalised today (Monday, 21 June). From 14 June to 16 June, there were over 2.10 crore shares offered for subscription. The Shyam Metalics IPO received 121.43 times subscription.
The IPO received total bids for 256.11 crore (2,56,11,20,545) shares against the IPO size of 2.10 crores shares. The issue size was Rs 909 crore with fresh equity shares of Rs 657 crore and an offer for sale (OFS) by existing shareholders worth Rs 252 crores.
The IPO was subscribed 155.71 times by qualified institutional buyers (QIBs).
The non-institutional investors subscribed the IPO 339.98 times while the shares of retail individual investors (RIIs) was subscribed 11.64 times.
Shyam Metalics has raised Rs 270 crore from its 22 anchor investors before the IPO. The price range of Shyam Metalics IPO was Rs 303-306 per share.
Kfin Technologies is the registrar of this IPO.
Here are the steps that you can take to check the application status of Shyam Metalics IPO:
Step 1: Visit the website https://ift.tt/3vr2tHD
Step 2: From the dropdown menu, select Shyam Metalics
Step 3: Enter your Client ID or application number
Step 4: Click on search to see the application status
The application status of Shyam Metalics IPO can also be checked from the website of BSE Sensex.
Step 1: Open the website https://ift.tt/35vA7l7
Step 2: On the homepage, select Equity from the drop-down menu
Step 3: Now select ‘Shyam Metalics & Energy’
Step 4: Enter your application number and PAN
Step 5: Click on search to check your application status
https://ift.tt/eA8V8J from Firstpost Business Latest News
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