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Shyam Metalics and Energy lists with 19.93% premium on the BSE

24 Jun 2021 Evaluate

Shyam Metalics and Energy has debuted at Rs 367.00 on the BSE, up by 61 points or 19.93% from its issue price of Rs 306.

The scrip is currently trading at Rs 384.30, up by 78.30 points or 25.59% from its issue price. It has touched a high and low of Rs 399.10 and Rs 367.00 respectively. So far 14.72 lakh shares were traded on the counter.

The offering, which was open for subscription between June 14, 2021 and June 16, 2021, was subscribed 121 times. The issue price was fixed at Rs 306 per share i.e. at upper end of price band of Rs 303-306 apiece.

The company is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 179.10
Steel Authority 174.00
Jindal Stainless 729.00
APL Apollo Tubes 2119.90
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