Syrma SGS Tech IPO GMP: Three months later, on Friday, August 26, 2022, an IPO is going to be listed on the stock exchange. The IPO of Chennai-based electronic components company Syrma SGS Technology is going to be listed on Friday and it is believed that the company’s listing can be a bang. The IPO of Syrma SGS Technology got a good response from the investors. The company has raised Rs 840 crore through IPO.
How much is GMP?
Syrma SGS Technology’s IPO is trading at a premium of around 20 to 25 percent in the gray market. At present, the stock is trading at a premium of Rs 55-60. The company had fixed the price band of IPO at Rs 209-220 per share. That is, the share can be listed on the stock exchange around Rs 275 to 280.
how much subscribed
The IPO of Syrma SGS Technology was open from August 12 to 18, 2022. The company has raised Rs 840 crore through IPO and the price band was fixed at Rs 209-220 per share. The IPO is oversubscribed 32.61 times. In which the quota of institutional investors has been subscribed 87.56 times, quota of non-institutional investors 17.5 times, and retail quota 5.53 times. Syrma SGS Technology has raised Rs 840 crore through IPO and a fresh issue of Rs 766 crore was issued in this IPO.
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. 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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