Syrma SGS Technology Ltd opens for its IPO subscription on 12th August 2022. The closing date for application of the Syrma SGS IPO is 18th August 2022.
The issue includes fresh issue of equity shares worth Rs 766 crore, and an OFS or offer for sale of 33.69 lakh equity shares. The company raised Rs. 110 crores through its pre-IPO placement of 37.93 lakh shares.
The lower end of the price band is fixed at Rs. 209 per share and Rs. 220 per share on the upper band.
The lot size is set up at 68 shares per lot and subsequently multiples of 68.
The current grey market premium is trading at Rs. 30 so it may list at Rs. 250 apiece.
The lead book running managers for the Syrma SGS public offering are Dam Capital Advisors, ICICI Securities and IIFL Securities.
Syrma SGS Technology Limited is an engineering and design company in electronics manufacturing services (EMS) incorporated in 2004.
It is based out of Chennai and 11 manufacturing units, 3 R&D facilities and is focused on industries like consumer products, automotive, industrial appliances, healthcare, and IT.
