Shyam Metalics, Sona Comstar IPO Subscription Status: Day 3

The initial public offering of Sona BLW Forgings Ltd.’s was fully subscribed as institutional and retail investors continued to show interest on the final day. Shyam Metalics Ltd.’s offering continued to receive a very strong response from non-institutional and institutional investors alike.

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

Sona Comstar IPO: Day 3

The proposed Rs 5,550-crore IPO was subscribed 1.04 times as of 2 p.m. on June 16. Institutional investors finally piled in on the subscription, while retail investors followed suit.

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

Subscription Details:

• Institutional investors: 1.4 times.
• Non-institutional investors: 0.1 times.
• Retail investors: 1.38 times.
• Employees: 0.0 times.

Research Reports On Sona Comstar IPO

Shyam Metalics IPO: Day 3

The issue was subscribed 37.90 times as of 2 p.m. on June 16. Subscription by institutional investors and non-institutional investors continued to gather steam as the issue nears closing today.

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

Subscription Details

• Institutional investors: 22.01 times.
• Non-institutional investors: 128.35 times.
• Retail investors: 9.28 times.
• Employees: 1.19 times.

Research Reports On Shyam Metalics IPO