Shyam Metalics and Energy concluded its qualified institutional placement (QIP), raising a total of Rs 1,385 crore. Veteran investor Madhusudan Kela, Europe s Societe Generale and Reliance Commercial Finance are among the many allottees.
In its filing to the exchanges on Friday, Shyam Metalics informed that the company s QIB Committee had approved the issue and allotment of over 2.40 crore equity shares of a face value of Rs 10 each to these QIBs at the issue price of Rs 576 per equity share aggregating to Rs 1,385.34 crore.
Flair Writing Industries IPO: Unlisted shares of Flair Writing Industries are trading Rs 82 higher in the grey market, suggesting a 26.97 per cent listing gain from the public issue; Check GMP today, Subscription Subscription
Flair owns several brands including Pierre Cardin, Hauser, Flair Creative, Flair Houseware and Zoox. The company sold a total of 130.26 crore units of pens in FY23.