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Shyam Metalics IPO comprises fresh issuance of equity shares worth up to Rs 657 crore and an offer for sale to the tune of Rs 252 crore by existing shareholders
Utkarsh Small Finance Bank and Glenmark Life Science had filed preliminary IPO papers with Sebi in March and April, respectively
The company proposes to utilise the net proceeds from the fresh issue towards repayment or prepayment of up to Rs 470 crore of its debt
The company, including its backward integration, has a total metal capacity of 5.71 million tonnes and 227 MW of captive power.
Pre-IPO investments are less likely to be affected by societal events that trigger shifts within the stock market, as shares are not yet made public
The board of One97 Communications’ has given its in-principle approval for Rs 22,000 crore IPO
Proceeds from the Rolex Rings IPO would be used towards funding long-term working capital requirements as well as general corporate purposes
Paytm is looking at an enterprise value of over Rs 2 lakh crore for the IPO, which is likely to be discussed at its board meeting scheduled for Friday
The report says its board may meet on May 28 to formally approve the IPO
Converting this fund into an open-ended one will give a wider base of investors access to this fund thereby democratizing the IPO opportunities for these investors