Sona BLW Precision Forgings, Shyam Metalics and Energy, Dodla Dairy and Krishna Institute to hit the primary market next week
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
IPOs: These companies are Sona BLW Precision Forgings, Shyam Metalics, India Pesticides, KIMS Hospitals, Clean Science and Technology and Dodla Dairy
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 sh
Utkarsh Small Finance Bank and Glenmark Life Science had filed preliminary IPO papers with Sebi in March and April, respectively
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.
The deadline for putting in place an automated web portal with respect to IPOs through the UPI system has also been extended
Proceeds from the Rolex Rings IPO would be used towards funding long-term working capital requirements as well as general corporate purposes