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Shyam Metalics IPO share allotment: Here’s how to check status – Times of India


NEW DELHI: Integrated metal producing firm Shyam Metalics and Energy will make debut on the stock exchanges on June 24. The equity shares will be listed on BSE and National Stock Exchange (NSE).
The share allocation in the initial public offering (IPO) is likely to be finalised on Monday. Those who have applied for Shyam Metalics shares in the IPO can check the allotment status on the KFIN Technologies website.
The status — once finalised — can be also checked on BSE website.
Shyam Metalics garnered Rs 909 crore from its public issue, including Rs 270 crore from anchor investors.
The company’s Rs 990-crore initial share-sale was subscribed over 121 times at a price band of Rs 303-306 apiece.
The category reserved for QIBs was subscribed 156 times, non-institutional investors 340 times and portion set aside for retail investors was subscribed 11.62 times.
The IPO comprised 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.
The Kolkata-based long steel products and ferro alloy focused company sells intermediate and final products across the steel value chain catering to institutional and end use customers through 42 distributors, brokers across 13 states and one union territory.
It, currently, operates three manufacturing plants that are located at Sambalpur in Odisha, and Jamuria and Mangalpur in West Bengal.
(With inputs from agencies)





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