CapitalVia
ipo

Shyam Metalics IPO subscribed 1.23 times on day 1

The public offering from Shyam Metallics and Energy, which is amongst the largest ferro alloy producer in India, was subscribed 1.23 times on the first day. The…

CapitalVia Research Desk · 1 min read

Published 2021. CapitalVia was a SEBI-registered investment adviser at the time of writing. The company no longer provides advisory services and is not registered with SEBI — it now offers stock-market education only. The article is kept for its educational content.

The public offering from Shyam Metallics and Energy, which is amongst the largest ferro alloy producer in India, was subscribed 1.23 times on the first day. The company was incorporated in 2002 and has manufacturing facilities in Orissa and West Bengal.

The public issue received applications for 2.59 Crore equity shares against the total size of 2.1 Crore shares. The company also raised Rs 270 Crore from anchor investors last week.

The company plans to raise a total of Rs 909 Crores from the offering including an OFS (Offer for Sale) of Rs 252 Crores and a fresh issue worth Rs 657 Crores. The raised proceeds are to be utilized for repaying debts.

‍

Sources

Latest from Insights

All data stories
RBI household balance sheet · March 2026Indian households now owe almost half of GDP.Household financial liabilities hit ₹158.5 lakh crore in March 2026 — 45.9% of GDP, up from 36.4% in 2022. The ratio hasn't fallen in a single quarter since.CPI · August 2026 · MoSPIThere is no single inflation rate.India's retail inflation was 4.82% in August 2026. Almost no household actually paid that. It is the midpoint of twelve very different numbers.EPFO · PF wage ceiling · Sep 2026The PF line sat at ₹15,000 for 12 years. It just moved to ₹25,000.EPFO's mandatory PF ceiling rose from ₹15,000 to ₹25,000 on 17 Sep 2026, the first change since 2014. About 51 lakh more employees are pulled in.

Related reading

ipoStove Kraft IPO final dayStove Kraft launched its maiden public offering earlier this week, which has been subscribed by 3.7 times on 28th January, the final day of bidding. There was a…ipoParas Space and Defense Technologies IPO | CapitaViaWellness Forever, the renowned retail pharmacy chain which is backed Paras Space and Defense Technologies is all set to launch its first public offering on 21st…ipoSequoia, ICICI Venture-backed Go Fashion India files IPO papers.The Sequoia and ICICI Ventures backed brand Go Fashion India has filed its draft papers with SEBI for raising funds by rolling out its public offering. GO Fashion…