Shyam Steel IPO
The Shyam Steel IPO may be the one of the first upcoming IPOs for the first or second quarter of 2021. In addition to mentioning a Shyam Steel IPO the CEO also said there may be an acquisition or two in the works. Shyam Steel is based out of Kolkata.
The company makes all flash memory storage units for data storage and competes with a company whose CEO now heads Violin. The flash storage world is hot right now, as far as tech investments go, so the news of the Shyam Steel IPO is exciting to those working in the industry and those who watch and analyze upcoming IPOs.
Shyam Steel IPO Size
Shyam Steel IPO Size is around Rs 500 crores. There are many well-funded startup companies in the flash memory business. Each has its own flash memory system, all of which are beginning to rival actual hard disk drives for computers. Violin Memory usually sells high end computer gear to high-end customers.
What looks good for the Shyam Steel IPO is the mere fact that the company has taken in millions in capital this year, and it’s projected that they will double their revenue in 2021. And if the Shyam Steel IPO is successful, well that’s must money for this company.
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