Syrma SGS Technology IPO subscription status: Issue subscribed over 11 times on BSE; strong response from RIIs, QIBs, non institutional investors

Syrma SGS Technology IPO: Initial Public Offering (IPO) of Electronics Manufacturing Services (ESM) provider Syrma SGS Technology has been oversubscribed by 11.02 times on the BSE as per the data available on BSE. The issue closed today at 5 pm. The issue has got tremendous response from all categories of investors.

The retail individual investors subscribed it 4.34 times. Out of the available 14007027 shares available for subscription, total share bids received were 6,08,16,684.

Non Institutional Investors subscribed it 12.64 times. The number of share bids received were at 7,58,65,968 out of 60,03,012 shares available for subscription.

As for Qualified Institutional Investors, the Syrma SGS IPO issue was subscribed 19.85 times around 2:09 pm.

Syrma SGS Technology IPO Subscription status on NSE: On NSE, the issue was subscribed over 5 times at around 2:36 pm. RIIs subscribed the issue 2.43 times while Non-institutional investors and QIBs subscribed this issue 5.71 times and 9.02 times. 

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.