Shyam Metalics and Energy IPO: finally, the most awaited initial public offer is here from one of the profitable companies of the Energy sector. Yes, we are talking about Shyam Metalic & Energy who announced its first-ever IPO to raise funds through investors for the upcoming expansion of the Firm. Here you can find out the Shyam Metalic and Energy IPO launch date, Share Price, Live Subscription, Grey Market Price, Allotment and Listing. Let’s start the brief discussion about the company profile and Wikipedia along with the latest financial report. Read also: Barbeque Nation IPO
The company Shyam Metalics and Energy is based in India with a focus on long steel products and ferroalloys in terms of installed capacity in India. These proposed expansions are expected to become operational between Fiscal 2022 and Fiscal 2025.
Shyam Metalics and Energy IPO Date
As we assuming you are so much curious to know about the opening date of this IPO. So as per the expectation, the Initial Public Offer will be launch very soon in June 2021 (as expected) But if there is any delay in the date then we will definitely update you regarding every news related to this Shyam Metalics and Energy Limited IPO.
|Shyam Metalics & Energy IPO Details|
|LAUNCH DATE||Updated Soon|
|LAST DATE||Updated Soon|
|IPO SIZE||Rs 1,107 crore|
|MINIMUM LOT||Updated Soon|
|1 LOT PRICE||Rs 15000 (approx)|
|SHARE PRICE||Above Rs 150|
|ALLOTMENT DATE||Updated Soon|
|LISTING DATE||Updated Soon|
Shyam Metalics and Energy IPO Allotment
The Allotment of shares will start in action after the 2-3 days of IPO closing. Selected applicants will get their issued shares in a lot but Along with them, the rejected applicants will also get a refund within 24 hours after the allotment. But still, if you have any query then you can share the issues with your broker firm.
Shyam Metalics and Energy IPO Issue Size
IPO Issue Size has been released officially by the company and it is Rs 1,107 crore which will divide into the issuance of up to Rs 657 crore shares for investors. If are also waiting to invest in this Initial Public Offer then keep in mind. The IPO will amaze everyone through its listing price because it will be huge as you never expect.
Shyam Metalics IPO Live Subscription Status
The Live Subscription Status will be available soon until the moment we apologize for the inconvenience.
|Live Subscription Status|
|Qualified Institutional||Coming Soon|
|Retail Individual||Coming Soon|
|Non Institutional||Coming Soon|
Shyam Metalics IPO Share Price
IPO Share Price is not yet revealed by officials but according to the Issue Size and number of shares 1 lot will be under Rs 15,000. Along with it, each share will be between Rs 150 to Rs 250 (As Predicted). Lastly, the final price all set to appear at the official announcement of each & every detail. For further information, you can bookmark our website Businesspatrika.com where you can get the latest & live news.