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Kolkata Steel Major, Shyam Metalics & Energy receives SEBI Nod for Rs 1107 cr IPO
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Kolkata Steel Major, Shyam Metalics & Energy files for Rs. 1107 cr IPO
Posted On: 2021-02-28 23:54:14 (Time Zone: Arizona, USA)
Shyam Metalics and Energy Ltd, a leading integrated metal producing company and also amongst the largest producers of ferro alloys in India , in terms of installed capacity as on February 2021 (Source: CRISIL Report); has refiled its Draft Red Herring Prospectus (DRHP) with the markets regulator for a Rs. 1107 cr IPO. The company tried to tap the capital markets in 2018 and had even received its SEBI Nod in early 2019. However, due to the pandemic and tepid market sentiments the Company deferred its plans to list on the bourses.