Syrma SGS Technology IPO GMP: The initial public offerings of Syrma SGS Technology, a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS), closed on a strong note with the IPO fetching 32.61 times against its available quota of shares on the last day of subscription. The bids were received for 93,14,84,536 shares against 2,85,63,816 equity shares on offer across categories, as per NSE IPO bidding data.
As the issue has been oversubscribed, the investors must be curious to know about share allotment status. Well, Syrma SGS Technology IPO allotment date is Augst 23 (tomorrow), as per discount broker Upstox. For those who are not allotted the shares, they can expect a refund starting Wednesday—Syrma SGS Technology IPO refund initiation date.
Subscribers of Syrma SGS Technology IPO can check share allotment status via BSE and Link Intime, the registrar to the IPO.
How to check Syrma SGS Technology IPO Share Allotment Status online on BSE
Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx.
Step 2: Now, select ‘equity’ option and then issue name – ‘Syrma SGS Technology IPO’ from the dropdown
Step 3: Next, enter your application number and PAN card number.
Step 4: Check ‘I am not a robot’ and hit submit to know the status.
Syrma SGS Technology IPO Allotment Status Check on Link Intime India Private Limited
Sep 1: Go to https://www.linkintime.co.in/MIPO/Ipoallotment.html
Step2: On this page enter the issue name, which is Syrma SGS Technology IPO, once activated
Step 3: Enter Pan Card details
Step 4: Proceed to the next step and enter the application number and finally client ID
Step5: After filling all the boxes with the right details, hit submit to know the allotments status.
The Qualified Institutional Buyers (QIBs) led the subscription as they bid for 87.56 times on the last day, while portion reserved for non-institutional investors was 17.50 times subscribed and Retail Individual Investors (RIIs) 5.53 times.
The IPO offered fresh issue of equity shares aggregating to Rs 766 crore and an offer for sale of up to 33,69,360 equity shares. The price band of the IPO was fixed in the range of Rs 209-220 per share.
Ahead of the subscription, Syrma SGS Technology had also raised Rs 252 crore from anchor investors.
About Syrma SGS Technology Ltd
The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization. SSTL currently operates through 11 strategically located manufacturing facilities in Himachal Pradesh, Haryana, Uttar Pradesh, Tamil Nadu and Karnataka. They also have three dedicated R&D facilities, two of which are located in Chennai, Tamil Nadu and Gurgaon, Haryana respectively, and one is located in Stuttgart, Germany. SSTL’s products are sold across 24 countries, including the USA, Germany, Austria, and UK