Syrma SGS Tech IPO Listing: The IPO of Chennai based electronic components company Syrma SGS Technology has had a great listing on the stock exchanges. A share of Rs 220 is listed on BSE at Rs 273 and on NSE at Rs 275. That is, the investor has got a return of 25 percent on his investment. After three months, an IPO has been listed on the stock exchange. The IPO of Syrma SGS Technology got a good response from the investors. The company has raised Rs 840 crore through IPO. However, shortly after opening, the stock is trading at Rs 288 with a jump of 31 per cent.
how much was 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 is 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.