Syrma IPO Date

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 Date

Syrma IPO Details

IPO Opening DateAug 12, 2022
IPO Closing DateAug 18, 2022
Price BandRs. 209 to Rs.220 per share
Lot Size68 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 Sale3,369,360 shares of Rs. 10 (aggregating up to Rs. [.] Cr)
Face ValueRs. 10 per equity share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
Basis of Allotment DateAug 23, 2022
Initiation of RefundsAug 24, 2022
Credit of Shares to Demat AccountAug 25, 2022
Syrma IPO Listing DateAug 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.

Syrma IPO FAQs

What is Syrma IPO?

The Syrma IPO is a main-board offering of equity shares with a face value of (to be disclosed) and a maximum volume of 840.00 crores of rupees. Priced between Rs. 209 and Rs. 220 per share, the issuance.

There must be 68 shares in each order. The first public offering begins on August 12 and ends on August 18, 2022.

The IPO’s registrant is Link Intime India Private Ltd. It is proposed that the shares list on the BSE and NSE.

When Syrma IPO will open?

The Syrma IPO opens on Aug 12, 2022 and closes on Aug 18, 2022.

What is the lot size of Syrma IPO?

Syrma IPO lot size is 68 Shares and the minimum order quantity is 68 Shares.

How to apply for Syrma IPO?

You may apply for the Syrma IPO online and pay using either UPI or ASBA. The ASBA IPO application is accessible through your bank account’s online banking. Brokers that don’t provide banking services provide UPI IPO applications.

When Syrma IPO allotment?

On August 23, 2022, the Basis of Allotment for the Syrma IPO will be finalised, and on August 25, 2022, the assigned shares will be deposited to your demat account.

When is Syrma IPO listing date?

The Syrma IPO listing date is 26 Aug 2022. The tentative date of Syrma IPO listing is Aug 26, 2022.

Who is the registrar of Syrma IPO?

Link Intime India Private Ltd is the registrar for the IPO.

What is Syrma IPO Price Band?

Syrma public offer price band is Rs. 209 to Rs. 220 per share.