Skip to main content

Shyam Metalics IPO subscribed 1.23 times on day 1; retail portion booked 2.18 times

Last Friday, the company had mopped up Rs 270 crore from anchor investors

The public offer of Shyam Metalics and Energy has received a 1.23 times subscription on June 14, the first day of bidding.



The offer has received bids for 2.59 crore equity shares against the IPO size of over 2.1 crore equity shares, the subscription data available on the exchanges showed.

The reserved portion of retail investors has seen a 2.18 times subscription, while employees and non-institutional investors have put in 27 percent and 70 percent bids, against their reserved portion. Qualified institutional buyers have put in bids for 3,375 equity shares against their reserved portion of 59.4 lakh equity shares.

The IPO size excluded the anchor portion. Last Friday, the company had mopped up Rs 270 crore from anchor investors.

shyam metalics ipo gmpShyam MetalicsSona Comstar IPOSona ComstarIPO

Labels:
Location: India

Popular posts from this blog

Rajinikanth age 70 Ahead Of Party Launch

  AIADMK's O Panneerselvam and composer AR Rahman among early wishers. Chennai:  Tamil actor and aspiring politician Rajinikanth celebrates his 70th birthday today, only weeks ahead of the launch of his political party on December 31, making it a momentous occasion not merely for the movie icon but also for Tamil Nadu and Indian national politics. The veteran artist, born Shivaji Rao Gaekwad, had last week announced that he will launch his long-anticipated political party in January, five months before the Tamil Nadu election in 2021. This gives the actor's 70th birthday a whole new ring of excitement. His fans had begun assembling before his residence in Chennai this morning, holding banners and sporting T-shirts printed with his photographs. A number of them, especially those associated with the Rajini Makkal Manram, a forum of the star's fans, will be involved in charity work to mark the day like they do every year. Meanwhile, early this morning, Prime Minister Narendra
Read more

UEFA Euro 2020 Live Score, Turkey vs Wales Updates: Determined Turkey Face Unchanged Wales

  UEFA Euro 2020 Live Score, Turkey vs Wales Updates:  Wales are bracing for a hostile reception as they face Turkey in Baku. Wales is unchanged as Turkey made two changes from their previous game. Kaan Ayhan coming in for Merih Demiral and Cengiz Under replacing Yusuf Yazici. Italy can seal their place in the last-16 with victory against Switzerland after Aleksei Miranchuk   scored a beautiful goal to give   Russia the win against Finland at the  Saint Petersburg Stadium . Joel Pohjanpalo scored but a VAR check showed he was offside. Mario Fernandes was taken to the hospital after his fall as Russia confirmed a spinal injury. A goal in first-half stoppage time by Aleksei Miranchuk got Russia’s  Euro  2020  campaign back on track as they beat Finland 1-0 in Group B on Wednesday. Joel Pohjanpalo thought he had given the Finns the lead in the fifth minute but his powerful header was ruled out for offside after a VAR review, and the rest of the first half was played at a high tempo. With
Read more

Adani shares slump after freeze placed on foreign funds

The NSDL has frozen the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund, its website shows without citing a reason for the freeze. Shares of Adani group companies fell by about 5% to 25% on Monday after the National Securities Depository Ltd (NSDL) froze the accounts of three foreign funds that are among the top stakeholders in the firms. Adani Enterprises, the conglomerate’s flagship company, plunged as much as 25%, its steepest fall in nearly a decade. Nifty 50-listed Adani Ports and Special Economic Zone fell as much as 19% before paring some losses. The NSDL has frozen the accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund, its website shows without citing a reason for the freeze. Reuters was unable to reach the funds for comment. It was not immediately clear if the funds had functioning websites. The three funds feature among the top twelve investors and owned about 2.1% to 8.91% stakes in five Adani Group companies as of March 31, 20
Read more