Shyam Metalics and Energy IPO Listing : There was a great listing on Thursday (24 June 20210) of Metallix & Energy shares. In the positive market environment, the company’s shares rose 24.18 per cent, or Rs 76, to Rs 380 in the opening trade itself, while its issue price is Rs 306 per share. The company’s market capitalization (Shyam Metalics and Energy market capitalization) reached Rs 9.69 crore on the day of listing. It is the highest subscribed IPO of FY 2021 so far. This IPO has got 121.43 times subscription.
IPO was subscribed 121 times
Shyam Metallics on BSE ( Shyam Metalics) The shares were listed at Rs 367. This is 20 percent i.e. Rs 61 more than its IPO price. So far, 2.93 lakh shares were traded on BSE, while 20.94 lakh shares were traded on NSE. The Rs 909 crore IPO is the highest subscribed IPO of FY 2021 so far. This IPO has got 121.43 times subscription.
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The price band of the IPO was Rs 303-306
With the listing, the categories of Shyam Metallics Tata Steel Ltd., JSW Ltd., SAIL, Jindal Steel & Power Ltd. and Tata Steel Long Products Ltd. have joined. So far, two IPOs have hit the market during the current financial year. The issue of Shyam Metallics & Energy was sold in the price band of Rs 303-306. This public issue got the bidding of more than 256.11 crore shares. The total issue size of the IPO was 2.10 crore shares. The reserve share for QIBs was subscribed 155.71 times while that of NIIs was subscribed 340 times. Reserve share for retail investors was subscribed 11.64 times. At the same time, the reserve share for employees was subscribed 1.55 times. Geojit Financial Services, Reliance Securities, Angel Broking and Ventura Securities gave it a ‘subscribe’ rating.
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