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L ast 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 gmp Shyam Metalics Sona Comstar IPO Sona Comstar IPO

 The whistleblower alleges that UPL entered into rent deals with the shell the company owned by its employees and paid crores in rent for properties held by the latter, which was earlier owned by UPL chief Jaidev Shroff himself, Economic Times reported. UPL Shares declined over 13 percent intraday on December 10 after reports made rounds that a whistleblower has accused promoters of siphoning funds. The whistleblower alleges that UPL entered into rent deals with the shell the company owned by its employees and paid crores in rent for properties held by the latter, which was earlier owned by UPL chief Jaidev Shroff himself, Economic Times reported. Moneycontrol could not independently verify the news. According to the details submitted by the whistleblower, there seem to be certain corporate governance issues with regards to transactions done by promoters of UPL. The stock was trading at Rs 425.25, down Rs 67.05, or 13.62 p...