Market experts suggest investors should sell partial holding and hold the remaining portion for a year.
The stock traded at Rs 380 apiece in opening deals on the National Stock Exchange, compared to the issue price of Rs 306, marking a premium of 24%
The IPO registrar’s website now shows that the shares will be allotted tomorrow i.e. June 22, 2021
Shyam Metalics and Energy received bids for 256.05 crore shares as against 2.10 crore shares on offer, according to exchange filing
The Kolkata-based long steel products and ferro alloy-focused company sells intermediate and final products across the steel value chain
The issue received bids for 2.59 crore shares as against 2.10 crore shares on offer
The company has set a price band of Rs 303-306 a share for its IPO, which will conclude on June 16
Shyam Metalics, Sona Comstar will launch their IPOs on Monday, while Krishna Institute, Dodla Dairy will be open for subscription on Wednesday
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