Syrma IPO Details: The engineering and design firm with its headquarters in Chennai will begin trading on the principal exchanges for its Initial Public Offering (IPO). The public offering of Syrma SGS Technology will begin accepting subscriptions on August 12, 2022, and it will be up for bidding until August 18, 2022, according to the Red Herring Prospectus (RHP) of the IPO. The Syrma SGS Technology IPO pricing range has been set by the company at Rs. 209 to Rs. 220 per equity share. However, Syrma SGS Technology Limited shares can also be traded on the black market. Market watchers claim that shares of Syrma SGS Technology are now offered in the black market for a premium of Rs. 30.
Syrma IPO Details
|IPO Opening Date||Aug 12, 2022|
|IPO Closing Date||Aug 18, 2022|
|Price Band||Rs. 209 to Rs.220 per share|
|Lot Size||68 Shares|
|Issue Size (Rs. Cr.)||[.] shares of Rs. 10 (aggregating up to Rs. 840.00 Cr)|
|Fresh Issue||[.] shares of Rs. 10 (aggregating up to Rs. 766.00 Cr)|
|Offer for Sale||3,369,360 shares of Rs. 10 (aggregating up to Rs. [.] Cr)|
|Face Value||Rs. 10 per equity share|
|Issue Type||Book Built Issue IPO|
|Exchange Board||BSE, NSE|
|Basis of Allotment Date||Aug 23, 2022|
|Initiation of Refunds||Aug 24, 2022|
|Credit of Shares to Demat Account||Aug 25, 2022|
|Syrma IPO Listing Date||Aug 26, 2022|
Syrma IPO Date
The Syrma SGS Technology IPO will begin accepting subscriptions on August 12 and run through August 18 of that year. As previously noted, according to stock market analysts, Syrma SGS Technology’s IPO’s grey market premium (GMP) today is Rs. 30, up Rs. 3 from its GMP of Rs. 27 in the morning 9 Aug 2022.
Syrma IPO Price
The Syrma SGS Technologies IPO pricing range has been set by the company at Rs. 209 to Rs. 220 per equity share. In the past 2.5 months, this firm would be the first to enter the primary market. Prior to that, public subscription for Aether Industries’ IPO was open from May 24 to May 26.
Syrma IPO Lot Size
The lot size for the Syrma IPO is 68 shares. A retail investor may submit an application for up to 13 units (884 shares or Rs. 194,480). The Syrma IPO comprises of a fresh issue of shares at Rs 766 crore and an offer by promoter Veena Kumari Tandon to sell up to 3.37 million shares. The Syrma IPO will raise a total of Rs 840 crore at the top of the price range.
Syrma IPO Listing Date
The Syrma IPO comprises of a fresh issue of shares at Rs 766 crore and an offer by promoter Veena Kumari Tandon to sell up to 3.37 million shares. The Syrma IPO will raise through IPO lot size a total of Rs 840 crore at the top of the price range.
About Syrma SGS Technology Ltd IPO
Engineering and design firm Syrma SGS Technology Limited, located in Chennai, was founded in 2004 and provides electronics manufacturing services (EMS). Through idea co-creation and product realisation, the firm offers original equipment manufacturers (OEMs) complete services and solutions from the early product concept stage through volume manufacturing.
Eleven manufacturing sites in north India (such as Himachal Pradesh, Haryana, and Uttar Pradesh) and south India are used by the firm to produce its products (i.e. Tamil Nadu and Karnataka). In a special economic zone in Tamil Nadu, there are manufacturing facilities. The Electronic Hardware Technology Park concept was used to establish the manufacturing facility in Haryana, giving the firm access to tax and other incentives.
Three separate R&D facilities are owned by the corporation, two of which are in Chennai and Gurgaon and one in Stuttgart, Germany.
Promotors of Syrma IPO
Sandeep Tandon, Jasbir Singh Gujral, Veena Kumari Tandon, and Tancom Electronics Private Limited are the company’s proprietors. As of December 31st, 2021, promoters had 58.78 percent of the equity share combined.