Shyam Metalics and Energy Ltd issues 24,051,165 shares through QIP

The QIB Committee 2023-24, Committee of Directors ("Committee") of Shyam Metalics and Energy Ltd at its meeting held today, i.e. 05th January, 2024, approved the issue and allotment of 24,051,165 Equity Shares of face value of ₹ 10 each to 38 qualified institutional buyers at the issue price of ₹ 576/- per Equity Share (including a premium of Rs. 566/- per Equity Share), aggregating to ₹ 13,85,34,71,040 (Rupees One Thousand Three Hundred Eighty Five Crore Thirty Four Lakh Seventy One Thousand and Forty Only), pursuant to the Issue.

The Issue opened on 2nd January, 2024 and closed on 05th January, 2024.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the Company stands increased to ₹ 2,79,13,18,530 consisting of 279,131,853 Equity Shares.

Shares of Shyam Metalics and Energy Limited was last trading in BSE at Rs. 652.90 as compared to the previous close of Rs. 655.85. The total number of shares traded during the day was 80564 in over 2490 trades.

The stock hit an intraday high of Rs. 668.40 and intraday low of 645.00. The net turnover during the day was Rs. 52780149.00.

Source : Equity Bulls

Keywords

ShyamMetalicsandEnergy QIP SharesAllotment QIBs