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Shyam Metalics files Rs 909-cr IPO papers

Press Trust of India  |  New Delhi 

and Energy, a leading integrated producing company, has filed draft papers with markets regulator Sebi to raise Rs 909 crore through an initial public offer (IPO).

plans to utilise the proceeds for payment of debt, including that of its subsidiary SSPL and for other

"The company's IPO comprises fresh issue of shares worth up to Rs 909 crore," according to the draft red herring prospectus (DRHP) filed with Sebi.

The equity shares will have a face value of Rs 10 and the price band will be decided in consultation with the merchant bankers.

ICICI Securities, Edelweiss Financial Services, and are the merchant bankers to the issue.

Kolkata-based is one of the largest manufacturers of and ferro alloys in the country. It operates three one in Odisha and two in West Bengal, with an aggregate installed capacity of 2.90 metric tonnes per annum (MTPA).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 07 2018. 13:10 IST