Ipo coming in the month of June 2021

If you are planning to earn good money this month, you have a good chance. From 14 to 16 June you can make a big profit. Kolkata-based steelmaker Shyam Metallics and Energy Ltd. Is giving you this opportunity. Let me tell you, the company is coming up with its IPO, through which investors can earn good money. Let us tell you how you can invest money.

Let me tell you, the company is planning to raise Rs 1107 crore through this IPO. If this IPO starts on 14th June, then you can invest in it from 14th to 16th. So, bids for anchor investors will open on June 11th.

How many shares will the company issue?

According to Money Control News, according to the company's draft red herring prospectus (DRHP) submitted to market regulator SEBI, for this public issue, the company has paid Rs. 657 crore new equity shares, while promoters and investors in the existing company will issue 450 crore shares for sale (OFS).

Where will the funds be used?

>> Rs. Raised by the IPO to pay off the debt of the company itself and its affiliate SSPL. 657 crore.

Shyam Metallics has appointed ICICI Securities, Axis Capital, IIFL Securities, JM Financial and SBI Capital as its chief managers for the IPO.

How's the company's business?

Speaking of the company’s business, the company has established a team of 42 distributors in 13 states and one union territory. They have a total of three factories at Sambalpur in Odisha and Jamuria and Mangalpur in West Bengal.

How much debt does the company owe?

Apart from this, the total debt on the company is Rs 381.12 crore. So, his associate had a debt of Rs 398.60 crore. The total debt of the company is Rs 886.29 crore.