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Tuesday, January 25, 2022

This Kolkata-based company is bringing an IPO of 1100 crores, SEBI approved, you will have a chance to earn

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Shyam Metalics and Energy Limited, a Kolkata-based company, is bringing an IPO of Rs 1107 crore next month.

Shyam Metallics And Energy Limited

If you are thinking of earning from IPO, then you have a big chance. Shyam Metalics and Energy Limited, a Kolkata-based company producing steel, is bringing an IPO of Rs 1107 crore next month. Sebi has been approved by the market regulator Sebi on May 11 for the IPO of Shyam Metallics and Energy. The company had submitted papers for the IPO with SEBI in February. Explain that it is necessary for any company to get approval from SEBI for bringing IPO, FPO and rights shares.

For this public issue, the company will issue fresh equity shares worth Rs 657 crore, while the promoters of the company and the existing investor offer for sale (OFS) will issue shares worth Rs 450 crore for this IPO. Those participating in the offer for sale will include Shubham Capital, Shubham Buildwell, Kalpataru Housefin & Trading, Dorit Tracon, Narantak Dealcom and Toplight Mercantile.

Use of funds raised from IPO

657 crores raised through this IPO, the company will use itself and its partner company SSPL to pay the debt.

For this IPO, Shyam Metallisk has appointed ICICI Securities (Axis Capital), IIFL Securities (IIFL Securities), JM Financial (JM Financial) and SBI Capital (SBI Capital) as its lead managers.

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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