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HomeBusinessSyrma SGS Tech IPO: IPO of Syrma SGS Tech opened from today,...

Syrma SGS Tech IPO: IPO of Syrma SGS Tech opened from today, can apply till 18 August 2022

Syrma SGS Tech IPO Price Band: The IPO of Chennai-based electronic components maker Syrma SGS Technology has opened for applications from today and investors can apply to buy shares in this IPO till August 18, 2022. Syrma SGS Technology is going to raise Rs 840 crore through IPO. The company has fixed the price band at Rs 209-220 per share.

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.

The money raised through the IPO will be used to fund capital expenditure for expansion of manufacturing and research and development. Small investors can apply for at least 68 shares for which Rs 14,960 will have to be paid. One can apply for 884 shares for a maximum of Rs 194,480. In the IPO, 50 percent quota is reserved for institutional investors, 15 percent for non-institutional investors and 35 percent for retail investors.

what does the company do
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. If you look at the company’s customers, then Bosch, HUL, Atomborg and TVS Motors are the company’s clients.

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