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.
Highlights
fund raise via fresh issue amounting to Rs 300 crore.
Offer for Sale aggregating up to Rs 5700 crore.
New Delhi: Sona BLW Precision Forgings Ltd, one of India’s leading automotive technology companies and a major manufacturer and supplier to global EV markets, has filed its papers with the regulator SEBI to raise and aggregate of Rs 6000 crore via Initial Public Offering.
The public issue of shares of face value of Rs 10 each, comprises a fund raise via fresh issue amounting to Rs 300 crore and an Offer for Sale aggregating up to Rs 5700 crore by selling shareholder Singapore VII Topco III Pte Ltd., an affiliate of The Blackstone Group Inc.
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NEW DELHI: Sona BLW Precision Forgings Ltd, an automotive technology company, filed its papers with the regulator to raise Rs 6,000 cr via Initial Public Offering (IPO).
The public issue will include a fresh issue of shares amounting to Rs 300 crore and an offer for sale aggregating to up to Rs 5,700 crore by selling shareholder Singapore VII Topco III Pte Ltd, an affiliate of The Blackstone Group Inc.
The portion reserved for qualified institutional buyers will be up to 75 per cent of the offer. Non-institutional investors will have up to 15 per cent of the portion reserved, while up to 10 per cent will be reserved for the retail investors.