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Shares of Shyam Metalics and Energy are to be listed on the BSE and NSE on June 24. The initial public offer of the company was oversubscribed by 121.40 times. The issue opened for bidding on 14 June 2021, and closed on 16 June 2021. The price band for the IPO was set at Rs 303-306 per share.

Shyam Metalics IPO received bids of over 256.11 crore (2,56,11,20,545) shares against the total issue size of 2.10 crore (2,10,90,890) shares, as per the exchange filling.

The issue comprised of fresh issue of equity shares aggregating up to Rs 909 crore comprising of a fresh issue of up to Rs 657 crore and an offer for sale (OFS) of up to Rs 252 crore (including anchor portion of 88,21,764 equity shares).

The company intends to utilize the net proceeds of the fresh issue towards repayment and/or pre-payment, in full or part, of debt of the company and SSPL (Shyam SEL and Power), one of the subsidiaries amounting Rs 470 crore and balance towards general corporate purposes. Gross debt was Rs 886.292 crore at the end of 31 December 2020.

While investors are eagerly waiting to know whether they are allotted the shares or not. Here is how you can check the allotment status:

Go to the website of the IPO registrar, KFin Technologies or click on

https://kosmic.kfintech.com/ipostatus/

Select IPO (Shyam Metalics and Energy)

Then, select one of the options: In case you select the application number, choose NON-ASBA or ASBA and enter the application number.

In the case of DPID/Client ID, select NSDL/CDSL and enter DPID.

In the case of PAN, enter the PAN Number.

Enter the captcha

Click on the Submit button to know the IPO share allocation status.