Shyam Metalics and Energy Limited which had tapped the capital markets with its fresh issue of Rs 657 crs and an offer for sale of Rs 252 crs received excellent response and was subscribed 120.93 times. The price band of the issue which had opened on Monday the 14th of June and closed on Wednesday the 16th of June was Rs 303-306.

Earlier the company had completed allocation to anchor investors. The company allotted 88,21,764 equity shares to 21 anchor investors comprising of 22 entities. The highest allocation was made to Nippon India Mutual Fund of 8,49,645 equity shares or 9.63%. This was followed by Ashoka India Opportunities Fund who was allotted 8,16,975 shares or 9.26% of the anchor book. Shares to anchor investors were allotted at the top end of the price band at Rs 306.

The issue saw QIB’s subscribing to the issue 153.45 times, HNI portion was subscribed 339.98 times and the Retail portion was subscribed 11.64 times. The employee portion was subscribed 1.53 times. There were 21.13 lac applications, and on the basis of forms the retail portion was subscribed 9.15 times. The funding cost for leveraged investors is in the range of Rs 130-135.

Full details of the subscription are given below: –