Shyam Metalics, Sona Comstar IPO Subscription Status: Day 3

Forged gears manufactured by Sona Comstar. (Source: Company website).

Shyam Metalics, Sona Comstar IPO Subscription Status: Day 3

Shyam Metalics Ltd.’s initial public offering, which was fully subscribed on its opening day itself, continued to receive interest from non-institutional and institutional investors alike on its final day, making it the fourth-most subscribed initial share sale of the year so far.

The initial public offering of Sona BLW Forgings Ltd. was fully subscribed as institutional and retail investors continued to show interest on the final day. It has also become the second-least subscribed issue of 2021.

Both the IPOs opened for subscription on June 14 and closed today.

Sona Comstar IPO: Day 3

The auto-parts maker’s IPO was subscribed 2.33 times as of 5 p.m. on June 16, according to exchange data. Institutional investors finally piled in on the subscription, while retail investors followed suit.

Sona Comstar had fixed its IPO price band at Rs 285-291 apiece.

Also read: Sona Comstar IPO: Here’s All You Need To Know

Subscription Details:

  • Institutional investors: 3.54 times.

  • Non-institutional investors: 0.40 times.

  • Retail investors: 1.61 times.

  • Employees: 0.0 times.

Shyam Metalics IPO: Day 3

The issue was subscribed 121.42 times as of 5 p.m. on June 16. Subscription by institutional investors and non-institutional investors continued to gather steam as the issue neared closing.

Shyam Metalics is selling shares at Rs 303-306 apiece in its Rs 909-crore IPO.

Also read: Shyam Metalics IPO: All You Need To Know

Subscription Details

  • Institutional investors: 155.71 times.
  • Non-institutional investors: 339.98 times.
  • Retail investors: 11.62 times.
  • Employees: 1.55 times.
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