 "Initial public offerings, IPOs, stock market, investors")
The initial public offering of Shyam Metalics and Energy garnered 121 times subscription on Wednesday, the final day of the bidding. It generated bids of over Rs 78,000 crore.
The qualified institutional buyer (QIB) portion of the issue was subscribed 153 times, the high net-worth individual portion was subscribed 340 times and the retail portion was bought nearly 12 times. Shyam Metalics’ IPO size was Rs 909 crore — of which Rs 657 crore was fresh fundraise to help retire debt. The IPO price band was Rs 303-306 per share. At the top end, the Kolkata-based firm will have a market
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