Syrma SGS Tech IPO: Fully subscribed Syrma SGS Tech IPO, can apply till August 18

Syrma SGS Tech IPO: The IPO of Chennai-based electronic components company Syrma SGS Technology, which brought the first IPO in the market after three months, is open from 12 to 18 August 2022. The company is going to raise Rs 840 crore through IPO and the price band has been fixed at Rs 209-220 per share.

According to BSE data, the IPO of Syrma SGS Technology has been subscribed 1.09 times. In which the quota of retail investors is subscribed 1.79 percent. The quota of non-institutional investors is 1.05 per cent subscribed. The company has reserved 50 per cent quota for institutional investors but it is not subscribed yet.

Syrma SGS Technology has raised Rs 252.04 crore from anchor investors at a share price of Rs 220. Anchor investors include Nomura, Kuber India Fund, BNP Paribas, Aditya Birla Sunlife Insurance, ICICI Prudential Mutual Fund, Tata Mutual Fund, Edelweiss Mutual Fund and IDFC Mutual Fund as anchor investors.

Engineering and design company Syrma SGS Technology is going to raise Rs 840 crore through IPO and a fresh issue of Rs 766 crore is being issued in this IPO. Existing investors and promoters are going to sell 33,69,360 shares in their holdings through IPO. The company has fixed the price band for the IPO at Rs 209-220 per share.

Small investors can apply for at least 68 shares for which Rs 14,960 will have to be paid. You can apply for 884 shares for a maximum of Rs 194,480. Syrma SGS Technology designs and manufactures Printed Circuit Board Assembly. It also manufactures radio frequency identification tags and electromagnetic and electrotechnical products for different sectors.

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