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Shyam Metalics and Energy Limited IPO Detail, GMP, Key Dates etc

  Introduction : Incorporated in 2002 Metal Producer co, Such as  iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys Largest producers of ferro alloys in terms of installed capacity 4 th  player in the sponge iron industry.        Client List :      Jindal Stainless Limited, Rimjhim Ispat Limit are some of its domestic clients whereas Norecom DMCC, Norecom Limited, POSCO International Corporation, World Metals & Alloys, Traxys North America LLC, JM GLobal Resources, Vijayshri Steel Pvt Ltd, etc. are the international clients. Manufacturing plants  : located in Sambalpur in Odisha, Jamuria and Mangalpur in West Bengal.   Capacity to increase from 5.71 MTPA to 11.60  M TPA by 2025 Shyam Metalics and Energy Key Dates :   Date          :14-6-2021 To 16-6-2021   Fresh Issue    : Rs. 657 Cr.   OFS                : Rs. 252 Cr.   Total Issue Size   : Rs. 909 Cr.   Price Band     : 303 to 306   (Employee Discount

Vedanta open offer at 235 Per share

 Anil Agarwal-led Vedanta Resources has raised the open offer price for buying shares in its flagship Indian firm to Rs 235 per share, nearly 4% higher than the current trading price and substantially higher than the previous offer price.

Option chain of Vedanta :

Offer Detail :
Earlier offer at 160 Rs now revised to 235 per share.
Promoter did Block deal at 160 Rs for 5% stake
Offer will start on March 23 to April 7
Promoter hold Stake nearly 55%
Offer size to 651 million shares representing 17.5 per cent stake in Vedanta Ltd, the company said in a filing to the stock exchange.

Co Fail for Delisting in August 2020 due to less accurate bid share.

As of December 31, LIC held 5.58% of Vedanta Ltd while ICICI Prudential Mutual Fund and HDFC Mutual Fund owned 3.14% and 1.28%, respectively.


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