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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. ....
IPO Alert: Shyam Metalics and Energy looks to raise Rs 1,107 crore through IPO IPO Alert: Shyam Metalics and Energy looks at raising Rs 1,107 crore through IPO West Bengal-based Shyam Metalics and Energy has filed a draft red herring prospectus (DRHP) with capital market regulator, Securities Exchange Board of India (SEBI). The metal-producing company through an initial public offering (IPO) is looking at raising around Rs 1,107 crore, it stated in its DRHP. The net proceeds of the IPO is proposed to be used for repayment/prepayment, in full or part, of debt of the Company and SSPL, one of its subsidiaries; and general corporate activities.The companyâs debt is basically availed term loans and working capital facilities in the ordinary course of business, for the purpose of capital expenditure, purchase raw materials, packing material, stores, spares and services required for day-to-day operations. ....