Syrma SGS Technologies IPO GMP

2022 - 8 - 16

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Image courtesy of "Financial Express"

Syrma SGS Technology IPO subscribed 0.85% so far on day 2, GMP ... (Financial Express)

Ahead of its listing, the shares of the company are trading at a premium of Rs 15 per share in the unlisted space.

The IPO of SGS Technology is a mix of a fresh issue of equity shares and an offer for sale (OFS) by existing investors of the company. Of the Rs 840 crore issue, Rs 766 crore is a fresh issue of equity and Rs 74 crore is an offer for sale (OFS). The company has said that of the amount raised, it will utilize Rs 132 crore for working capital and Rs 403 crore will be deployed for capacity expansion at its Chennai plant. “Considering its good peer financial performance, strong focus on R&D, capacity expansion plans, positive industry outlook with government support through PLI schemes and China plus one strategy of multinational companies, we assign a “Subscribe” rating for the issue on a medium to long term basis,” analysts said. Non-Institutional Investors (NII) have subscribed to the issue 0.63 times with bids coming in for 37,91,952 equity shares against the 60,03,012 shares on offer for NIIs. Qualified Institutional Buyers (QIB) are yet to enter the primary market for Syrma SGS Technology shares in significant numbers bids received for just 952 shares. The Rs 840-crore public issue is still open for subscription for investors till Thursday, August 18 and investors can bid for the shares of the engineering and design company in the fixed price band of Rs 209-220 per share. Retail investors have subscribed to 2,05,79,180 equity shares of Syrma SGS Technology against the 1.4 crore on offer for the category at the market closing on Tuesday. This is 0.1.47 times the portion reserved for them.

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Image courtesy of "Livemint"

Syrma SGS Technologies IPO: GMP jumps. Should you subscribe ... (Livemint)

Syrma SGS Technologies IPO (initial public offering) opened for subscription on 12th August 2022 and it will remain open for bidding till 18th August 2022.

According to market observers, Syrma SGS Technologies shares are available at a premium of ₹40 per share. Meanwhile, premium of Syrma SGS Technologies shares has surged in grey market. Updated: 17 Aug 2022, 03:54 PM IST

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Image courtesy of "News18"

Syrma SGS Technologies IPO GMP, Subscription, Risks, Other ... (News18)

Syrma SGS Technology's initial public offering (IPO) has so far gotten a good response from retail investors. Should you Invest?

Syrma SGS Technologies IPO grey market premium (GMP) today is Rs 40, which is Rs 15 higher from its Tuesday evening grey market premium of Rs 25. Similarly, Santosh Meena, head of research at Swastika Investmart, said: “The issue has been priced at a premium valuation, which is acceptable given its growth potential and competitive advantages. Arafat Saiyed, senior research analyst at Reliance Securities, said: “We believe Syrma is well placed to capitalize on domestic and global opportunities. Syrma SGS Technologies [IPO](https://www.news18.com/topics/ipo/) opened for subscription on August 12, 2022, and it will remain open for bidding till August 18, 2022. Non-institutional investors had subscribed to 74 per cent of their quota of shares. The price band for the offer has been fixed at Rs 209-220 a share.

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Image courtesy of "Zee Business"

Syrma SGS Technology IPO Subscription Live Updates: Fully ... (Zee Business)

Syrma SGS Tech IPO subscription status Day 2: Syrma SGS Tech IPO opened for subscription on August 12 and will close on August 18. Get more Markets News and ...

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