Shyam Metalics’ shares will listing on the BSE Sensex and NSE Nifty on June 24. The IPO, which was open for 3 days from June 14 to June 17, consisted of a contemporary concern of Rs 657 crore and an offer-for-sale of Rs 450 crore by present shareholders, together with Subham Capital, Subham Buildwell, Kalpataru (*24*) & Trading, Dorite Tracon and Narantak Dealcomm. The concern was subscribed over 120 instances.
The shares had been provided within the worth band of Rs 303-306 per share. Ahead of the IPO, Shyam Metalics raised Rs 270 crore from anchor traders at a worth of Rs 306 per share.
Shyam Metalics is an extended metal merchandise and ferro alloy firm based mostly in Kolkata, with manufacturing vegetation at Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal.
In a associated improvement, Sona BLW Precision Forgings (Sona Comstar) shares can even debut on the bourses on the identical day.