Shyam Metalics and Energy Ltd on Monday received regulator SEBI's nod to float initial public offering. The ₹1,107-crore IPO comprises of a fresh Issuance of equity shares aggregating up to ₹657 crore and an offer for sale by selling shareholders - promoter and promoter Group - Subham Capital, Subham Buildwell, Kalpataru Housefin & Trading, Dorite Tracon, Narantak Dealcomm and Toplight Mercantiles aggregating up to ₹450 crore. The offer includes a reservation of up to 3 lakh shares for eligible employees. The company had filed its DRHP on February 27, 2021, with the markets regulator for an IPO.
Shyam Metalics gets nod for IPO
Published on
May 17, 2021 15:33
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