Opportunity to earn bumper from June 14 to 16, will become millionaires in a single day! Know where and how to invest money

New Delhi: If you're attending to earn well this month then you've got an honest chance. From day to 16, you'll be able to make huge profits. Shyam Metalics and Energy Ltd., a Kolkata based steel manufacturing company, is providing you with this chance. allow us to tell you that the corporate is coming with its IPO, through which investors can earn good money. allow us to tell you ways you'll be able to invest money.

Let us tell you that the corporate is progressing to raise Rs 1107 crore through this IPO. If this IPO are launched on 14th June, then you'll be able to invest money in it from 14th to 16th. At the identical time, the bidding for anchor investors will open on June 11.

How many shares will the corporate issue?

According to the news of cash Control, in step with the draft red herring prospectus (DRHP) of the corporate submitted with the market regulator SEBI, for this public issue, the corporate will issue fresh equity shares of Rs 657 crore, while the promoters and existing investors of the corporate offer for Rs. Will issue shares worth Rs 450 crore through SAIL (OFS).

Where will the funds be used?

> the corporate will use Rs 657 crore raised through the IPO to repay the debt of itself and its associate company SSPL.

> Shyam Metalics has appointed ICICI Securities, Axis Capital, IIFL Securities, JM Financial and SBI Capital as its lead managers for this IPO.

How is that the business of the corporate

Talking about the business of the corporate, the corporate has established a team of 42 distributors in 13 states and one union territory. it's a complete of three factories at Sambalpur in Odisha and Jamuria and Mangalpur in West Bengal.

How much is that the debt on the company?

Apart from this, the full debt on the corporate is Rs 381.12 crore. At the identical time, its associate company had a debt of Rs 398.60 crore. the overall debt on the corporate is Rs 886.28 crore.

How much profit

>> the whole revenue of the corporate was Rs 3933.08 crore till the December quarter of the twelvemonth 2020-21.

>> the entire revenue of the corporate during this period last year was Rs 3283.09 crore.

>> Shyam Metalics had a net of Rs 456.32 crore within the December quarter.

>> The company's income within the last twelvemonth Q3 was only Rs 260.36 crore.