Shyam Metalics' IPO fully subscribed 3.65 times, Sona BLW 27% on Day 2
Shyam Metallics has been priced between Rs 303 to 306 per share while Sona BLW has priced its IPO between Rs. 285 - Rs. 291 per share.
 "Shyam Metalics' IPO fully subscribed 3.65 times, Sona BLW 27% on Day 2")
premium
The initial public offer (IPO) of Shyam Metalics and Energy was subscribed 3.65, while that of Sona BLW Precision Forgings garnered 27 per cent subscription.Both issues close on Wednesday.
The Rs 909-crore IPO of Shyam Metallics has been priced between Rs 303 to 306 per share. The IPO comprises Rs 657 crore of fresh fund raise and Rs 252 crore of secondary share sale.
At the top-end, Shyam Metallics will have a market cap of Rs 7,805 crore. Meanwhile, automotive supplier Sona BLW has priced its IPO between Rs. 285 – Rs. 291 per share. The issue comprises a fresh issue of Rs.300 crore and an offer for sale worth Rs. 5,250 crore. At the top-end, Sona BLW will be valued at Rs 17,000 crore.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%