Syrma SGS IPO subscription status will start on Friday, August 12, 2022. Syrma SGS Technology Limited is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services (EMS). The company is based in Chennai, incorporated in 2004. Syrma provides high-mix, flexible volume, precision OEM manufacturing. They are one-stop-solution electronics manufacturing services (EMS) including product design, quick prototyping, PCB assembly, Box build, repair & rework, and automatic tester development services. The company reported revenues of ₹655 crores in 2022 against revenues of ₹444 crores in 2021. The company’s financial report looks superb and profit is looking good Please check the Syrma SGS IPO subscription status details over here.
IPO Subscription Update:
- Syrma SGS Technology IPO Subscribed 0.37 times overall in that QIB 0.00, NII 0.13 and Retail 0.69 times on Day 1.
- Syrma SGS Technology IPO Subscribed 0.92 times overall in that QIB 0.00, NII 0.74 and Retail 1.56 times on Day 2.
- Syrma SGS Technology IPO Subscribed 2.27 times overall in that QIB 0.71, NII 3.58 and Retail 2.66 times on Day 3.
- Syrma SGS Technology IPO Subscribed 32.61 times overall in that QIB 87.56, NII 17.50 and Retail 5.53 times on Day 4.
IPOWatch View:
We recommend investors may apply for an IPO with short-term and long-term views. Investors should also look at the Retail and HNI numbers before investing. You can check the Syrma SGS IPO allotment status here.
Syrma SGS IPO Subscription Status (Live Update – Day 4)
Last Updated – 5:00| Category | Day 2 | Day 3 | Day 4 |
| QIB | 0.00 | 0.71 | 87.56 |
| NII | 0.74 | 3.58 | 17.50 |
| RII | 1.56 | 2.66 | 5.53 |
| Total | 0.92 | 2.27 | 32.61 |
Syrma SGS IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Syrma SGS Technology IPO Date & Price Band
| Syrma SGS Technology IPO Open: | August 12, 2022 |
| Syrma SGS Technology IPO Close: | August 18, 2022 |
| Syrma SGS Technology IPO Size: | Approx ₹840 Crores |
| Fresh Issue: | Approx ₹766 Crores |
| Offer for Sale: | Approx 3,369,360 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Syrma SGS Technology IPO Price Band: | ₹209 to ₹220 Per Share |
| Syrma SGS Technology IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Syrma SGS Technology IPO Market Lot
The Syrma SGS Technology IPO minimum market lot is 68 shares with ₹14,960 application amount. The retail investors can apply up-to 13 lots with 884 shares or ₹194,480 amount.
| Minimum Lot Size: | Minimum 68 Shares for 1 lot |
| Minimum Amount: | ₹14,960 for 1 lot |
| Maximum Lot Size: | Maximum 884 Shares for 13 lot |
| Maximum Amount: | ₹194,480 for 13 lot |
Syrma SGS Technology IPO Subscription Dates
The Syrma SGS Technology IPO date is August 12 and the close date is August 18. The Syrma SGS Technology IPO allotment will be finalized on August 23 and the IPO listing on August 26.
| Price Band Announcement: | August 8, 2022 |
| Anchor Investors Allotment: | August 11, 2022 |
| Syrma SGS Technology IPO Open Date: | August 12, 2022 |
| Syrma SGS Technology IPO Close Date: | August 18, 2022 |
| Basis of Allotment: | August 23, 2022 |
| Refunds: | August 24, 2022 |
| Credit to Demat Account: | August 25, 2022 |
| Syrma SGS Technology IPO Listing Date: | August 26, 2022 |
Syrma SGS Technology IPO Form
How to apply for the Syrma SGS Technology IPO? You can apply for Syrma SGS Technology IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Syrma SGS Technology IPO in the Invest section. The other option is you can apply for Syrma SGS Technology IPO via IPO forms downloaded via NSE and BSE. Check out the Syrma SGS Technology forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
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