IPOs of Sona Comstar and Shyam Metalics list and close in the green

Shares of the Sona BLW Precision Forgings at day end closed at Rs361.20 per share on NSE and Rs362.85 per share on BSE.

Jun 25, 2021 07:06 IST India Infoline News Service

Sona BLW Precision Forgings Limited (Sona Comstar) and Shyam Metalics and Energy Limited; listed on the bourses at Rs301 and Rs380 on NSE and Rs302.40 and Rs367 on BSE, respectively. Both the stocks trade at 3.44% % and 24.18% over their issue price on NSE.

Shares of the Sona BLW Precision Forgings at day end closed at Rs361.20 per share on NSE and Rs362.85 per share on BSE. The initial public offering was offered at a lower price band of Rs 285 per share and a higher price band of Rs291.

While the scrip of Shyam Metalics at day end closed at Rs375.50 per share on NSE and Rs375.85 per share on BSE. The initial public offering was offered at a lower price band of Rs303 per share and a higher price band of Rs 306.

For Sona BLW Precision Forgings Limited as per NSE, the total quantity traded stood at 4.17 crore shares with a delivery quantity percentage of 44.64%. Quantity traded and delivery percentage at BSE was approx. 49.91 lac shares and 55.65% respectively. Total Turnover (BSE+NSE) on Day 1 stood at Rs1562.52cr.

For Shyam Metalics and Energy Limited as per NSE, the total quantity traded stood at 2.54 crore shares with a delivery quantity percentage of 40.02%. Quantity traded and delivery percentage at BSE was approx. 19.70 lac shares and 36.28% respectively. Total Turnover (BSE+NSE) on Day 1 stood at Rs1111.27cr.

The Market Capitalization of the Sona BLW Precision Forgings Limited post today’s closing price stood at Rs21,06,8.43cr as per NSE and Rs21,164.67cr per BSE and The Market Capitalization of the Shyam Metalics and Energy Limited post today’s closing price stood at Rs9578.27cr as per NSE and Rs9587.21cr as per BSE.

Sona Comstar IPO was of Rs5,550cr total size, received bids of 24,44,26,93 shares against the offered 10,71,05,262 equity shares. The portion reserved for retail investors was subscribed 1.61 times. While the Qualified Institutional Buyer category was subscribed 3.54 times, the Non-Institutional Investor category was subscribed 0.40 times, overall subscribed 2.33 times.

Shyam Metalics and Energy Limited IPO was of Rs909cr total size, received bids of2,56,09,43,610 shares against the offered 2,10,90,890 equity shares. The portion reserved for retail investors was subscribed 11.64 times. While the Qualified Institutional Buyer category was subscribed 155.71 times, the Non-Institutional Investor category was subscribed 339.98 times and the Employee Reserved category was subscribed 1.55 times, overall subscribed 121.42 times.

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