Shyam Metalics IPO GMP: Check Issue Details, Size, Price Band, No.Of Shares

SMEL Shyam Metalics IPO GMP Chanakya Today Grey Market Premium is Rs.140-144. Issue details i.e issue of equity shares aggregating up to 909 Cr (Fresh Issue of Equity Shares Aggregating up to 657 crore and offer for sale aggregating up to 252 crore). Issue Size is 909 Crore. No. Of Shares is 29,999,999 -29,705,882 Equity Share. Face Value is Rs/-10.

Employee Reservation up to 300,000 Equity Shares. Price Band is Rs 303-306. Bid Lot is 45 shares and in multiple thereof. Post Issue Implied Market Cap is Rs 7,735-7,805 Cr. BRLMs: Axis Capital, ICICI Securities, IIFL Securities, JM Financial, SBI Capital, Markets. Registrar: KFin Technologies PVT. Ltd. Issue opens on Monday 14th June 2021, Issue close on Wednesday 16th June 2021.

Indicative Timetable

  • Finalisation of Basis of Allotment on or about 21-06-2021
  • Refunds/ Unblocking ASBA Fund on or about 22-06-2021
  • Credit of equity shares to DP A/C on or about 23-06-2021
  • Trading Commences On or about 24-06-2021

Here provided brief details SMEL IPO. To know more details visit official website only.