The allotment price was at a nearly 12% discount from the Friday closing price of Rs 652 and a 3.62% discount from the floor price of Rs 597.63.
The qualified institutional placement started on January 2 and closed on January 5.
Reliance Commercial Infra cornered the highest share of QIP at 37.42% or 90 lakh shares. It was followed by Santosh Industries (20 lakh shares or 8.32%), Authum Investment (7.48% or 18 lakh shares), Winro Commercial (7.29% or 17.53 lakh shares), Societe Generale ODI (7.07% or 17 lakh shares) and ITPL Invesco India Contra Fund (6.24% or 15 lakh shares).
The company filing has given details of allottees who were allotted 5% or more of the equity shares from the QIP issue.
Meanwhile, Cohesion MK Best Ideas Sub-Trust has been allotted 5 lakh equity shares. Cohesion MK Best Ideas Sub-Trust is a JV between Cohesion Investments and Madhusudan Kela.
Following the allotment, Cohesion's percentage of issued and paid-up equity share capital of the company stands at 0.36%.
Reliance Commercials stake stands at 3.22%, and Invesco India Contra Fund's holding at 0.59%. As for Authum and Societe Generale, the holdings are at 0.72% and 0.61% respectively, the exchange filing revealed.
Shyam Metalics shares have given multibagger returns of over 110% over the last 12 months which is higher than the 20% returns given by Nifty during this period.
Today, the stock fell over 2% to the day’s low of Rs 639.10 on the NSE.
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