Syrma SGS Technology IPO Subscription Live Updates: Check latest bidding details by retail investors, NIIs, QIBs
Syrma SGS Tech IPO subscription status Day 2: Syrma SGS Tech IPO opened for subscription on August 12 and will close on August 18.
(By Ravi Kant Kumar)
Syrma SGS Tech IPO opened for subscription on August 12 and will close on August 18. The company has fixed a price band for the IPO at Rs 209-220 per share. The IPO comprises a fresh issue of shares worth Rs 766 crore and an offer for sale (OFS) of up to 33.69 lakh equity shares by promoter Veena Kumari Tandon. The company aims to raise Rs 840 crore at the upper price band of the issue. Here, we bring you all the live updates on Syrma SGS Technology IPO Subscription status on Day 3.
Watch out for this space...
Latest Updates
Syrma SGS Technology IPO: Anil Singhvi's take
Last date to subscribe tomorrow (August 18). Should you Subscribe?
Zee Business Managing Editor Anil Singhvi said that experienced and quality management and strong growth outlook of the company are two positive triggers for this IPO. Downtrend in margins, reasonable valuations, but not very attractive, are drawbacks of the Syrma SGS Technology IPO.
Singhvi suggested the investors with high-risk threshold can apply for long-term
Syrma SGS Technology IPO Day subscription
SGS Technology IPO was subscribed 2.27 times at the end of Day 3. Against 2,85,63,816 equity shares on offer, the IPO received bids for 6,48,39,020 shares with one more day to go
Syrma SGS Technology IPO last date
The last date to subscribe Syrma SGS Technology IPO is August 18. So far, the issue has seen a tremendous response from the investors with the offer being subscribed almost twice and one day still to go.
Syrma SGS Technology IPO Subscription Status Day 3
Non-Institutional Investors (NIIs) swung into action in the second half of the third day to lead the bidding with 2.5 times subscription. Retail shareholders subscribed the issue 2.4 times, while the overall subscription almost doubled on the Day 3.
Syrma SGS Technology IPO Subscription Status
The retail investors continued to show interest in Syrma SGS Technology IPO as the retail portion was subscribed 200% in the afternoon. The IPO was otherwise oversubscribed with strong traction from all categories on the third day of opening of the issue. Overall subscription stood at 136%.
Syrma SGS Technology IPO Subscription Status Day 3
Syrma SGS Technology IPO was fully subscribed within minutes of opening on Wednesday.
Syrma SGS Technology IPO Subscription Status Day 3
The bidding for Syrma SGS Technology IPO began on the third day. So far, 0.95% bidding has been made. Against 2,85,63,816 available for bidding, investors across different categories subscribed 2,69,93,416 shares so far.
Syrma SGS Technology IPO Subscription Status
Syrma SGS Technology IPO was subscribed 0.92% at the end of Day 2. The issue which was nearing full subscription saw bidding for 2,62,69,148 shares against 2,85,63,816 on offer. Retail subscription continued to lead the way with the quota reserved for retail shareholders getting subscribed 156%, while NIIs portion was booked 74% on Tuesday.
Source: NSE
Syrma SGS Technology IPO Subscription status Day 2
Syrma SGS Technology IPO was subscribed 83% with bidding being received for 2,37,10,104 shares as against 2,85,63,816 shares on offer. The retail quota was subscribed 144% and NIIs portion received bids for 58% against their respective quotas
Syrma SGS Technology IPO review
Zee Business Managing Editor Anil Singhvi said that experienced and quality management and strong growth outlook of the company are two positive triggers for this IPO.
Syrma SGS Technology IPO subscription status Day 2
Against 2,85,63,816 shares on offer, the bidding for 1,60,40,656 shares was made across different categories so far
Syrma SGS Technology IPO subscription Day 2: NIIs
Non-Institutional Investors (NIIs)portion was subscribed 19%. NIIs with bid amount of more than 10 lakh bid for 16% of their quota, while NIIs, whose bid amount was more than two lakh, subscribed the issue 26% so far
Syrma SGS Technology subscription
The IPO of Syrma SGS Technology, a technology-focused engineering and design company engaged in turnkey electronics manufacturing services, was subscribed 37% on the first day of opening of the issue.
Syrma SGS Technology IPO was fully subscribed minutes after opening on the Day 2, as per NSE IPO bidding details. Retail Individual quota as subscribed 69% at the end of the Day 1
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