Syrma SGS Technology IPO: Full timeline from allotment date to listing date - all you need to know

Syrma SGS Technology IPO: Initial Public Offering (IPO) of Electronics Manufacturing Services (ESM) provider Syrma SGS Technology opened on Friday. The issue was subscribed 0.37 times on the BSE as per the information available on the website as of 5 pm. The retail individual investors subscribed it 0.69 times. Out of the available 14007027 shares available for subscription, total share bids received were 9729168.

Non Institutional Investors subscribed it 0.13 times while Qualified Institutional Investors were yet to subscribe the issue according to the information displayed on the website.

The offer closes on 18 August. If you want to know the full timeline from allotment date to listing, here are the full details.  

Syrma SGS Technology IPO: From allotment to listing full timeline

1) Issue opens on 12 August (Friday) and closes on 18 August (Thursday).

2) 24 August - Finalisation of basis of allotment

3) 25  August - Issue of refunds

4) Transfer of shares to demat accouts on 26 August.

5) Listing likely on 26 August.

This information has been sourced from Edelweiss App, is tentative and may change. 

THe company has been giving its services in electronics system design and manufacturing for over four decades. Syrma SGS also offers OEM solutions for RFID tags & inlays and high-frequency magnetic components. We serve global OEMs in 20+ countries and have supplied several hundreds of million units.  

The Issue Size i.e. number of shares for subscription are 4,00,20,077. The Price Band is Rs 209-220 while the Market Lot is 68 shares and Minimum Bid Quantity is 1 lot or 68 shares.