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In the grey market, Shyam Metalics & Energy shares were trading at Rs 451 implying a premium of Rs 145 or 47% over the IPO price on Friday
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IPOs: These companies are Sona BLW Precision Forgings, Shyam Metalics, India Pesticides, KIMS Hospitals, Clean Science and Technology and Dodla Dairy
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Investors can bid for a minimum of 51 equity shares & in multiples, thereafter, with a minimum investment of Rs 14,841.
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Shyam Metalics IPO comprises fresh issuance of equity shares worth up to Rs 657 crore and an offer for sale to the tune of Rs 252 crore by existing shareholders
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Utkarsh Small Finance Bank and Glenmark Life Science had filed preliminary IPO papers with Sebi in March and April, respectively
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The company proposes to utilise the net proceeds from the fresh issue towards repayment or prepayment of up to Rs 470 crore of its debt
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The company, including its backward integration, has a total metal capacity of 5.71 million tonnes and 227 MW of captive power.
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Pre-IPO investments are less likely to be affected by societal events that trigger shifts within the stock market, as shares are not yet made public
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The board of One97 Communications’ has given its in-principle approval for Rs 22,000 crore IPO
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Proceeds from the Rolex Rings IPO would be used towards funding long-term working capital requirements as well as general corporate purposes