Shyam Metalics IPO Subscription Status & Subscription Numbers | Should You Subscribe ?

Shyam Metalics IPO (Initial Public Offering) will open for subscription on 14 June 2021 which is Monday. Shyam Metalics IPO will close for subscription on 16 June 2021 which is Wednesday. The GMP is showing good trend which reached at Rs 130 and the all eye will be on QIB and HNI numbers as it will be the key point for the GMP. The company to raise Rs.909 crore via IPO. 
They are a leading integrated metal producing company based in India with a focus on Long Steel Products and Ferro Alloys. They have a consistent track record of delivering operating profitability, and since the commencement of their operations in Fiscal 2005, They have delivered a positive EBITDA in each of the Fiscals.Check out Shyam Metalics grey market premium, Kostak rates, and subject to sauda rates as of today.

Latest UpdateShyam Metalics IPO subscribed 121.43x times, QIB 155.71x, NII  339.98.x and RII 11.64x times on day 3.

    Shyam Metalics IPO Subscription Status

    Shyam Metalics IPO Subscription Numbers
    (Day 3)

    Category Day 1 Day 2 Day 3
    QIB 0x 0.81x 155.71x
    NII 0.70x 2.60x 339.98x
    RII 2.19x 5.80x 11.64x
    EMP 0.27x 0.78x 1.55x
    OTH x x x
    Total 1.23x 3.65x 121.43x

    Shyam Metalics IPO Date & Price Band:

    Issuer Shyam Metalics
    Issue Type Book Built Issue IPO
    Issue Period Issue Opens: 14 June 2021
    Issue Closes: 16 June 2021
    Price Brand ₹303 to ₹306 Per Share
    Issue Size ₹ 909 Crores (Approx)
    Face Value Rs.10 per Equity Share
    Market Lot 45 Shares
    Min Order Quantity 45 Share
    QIB 50% of the issue size
    NIB 15% of the issue size
    Retail Individual Bidders 35% of the issue size
    Offer for Sale [.] Eq Shares of ₹10
    (aggregating up to ₹252.00 Cr)
    Fresh Issue [.] Eq Shares of ₹10
    (aggregating up to ₹657.00 Cr)
    Listing at NSE & BSE

    Shyam Metalics IPO Tentative Timetable

    The Shyam Metalics IPO open date is   2021 , and the close date is   2021. The issue may list on .
    IPO Open Date 14 June , 2021
    IPO Close Date 16 June , 2021
    Basis of Allotment Date 21 June , 2021
    Initiation of Refunds 22 June , 2021
    Credit of Shares to Demat Account 23 June , 2021
    IPO Listing Date 24 June , 2021

    Shyam Metalics IPO Market Lot:

    Minimum Lot Size: Minimum 45 Shares
    Minimum Amount: ₹13,770
    Maximum Lot Size: Maximum 630 Shares
    Maximum Amount: ₹192,780

    Shyam Metalics IPO Subscription FAQs:

    When Shyam Metalics IPO Subscription will start?
    The Shyam Metalics IPO subscription starts on 14 June 2021 for QIB, NII, and Retail Investors.

    How much Shyam Metalics IPO subscribed?
    The Shyam Metalics IPO subscribed 121.43times on day 3.

    What isShyam Metalics IPO retail subscription status?
    The Shyam Metalics retail subscription is 11.64on day 3.

    How to subscribe Shyam Metalics IPO?
    You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.

    How do i check live Shyam Metalics IPO Subscription Numbers?
    One can visit our portal for live subscription numbers which we are updating hourly basis or check the numbers on NSE and BSE website.

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