Syrma SGS Technology IPO (Initial Public Offer) witnessed a huge interest from all categories of investors on Thursday, the last day to subscribe the IPO. The Initial Public was subscribed 32.61 times on the final day on Thursday, as per the NSE. Syrma SGS Technology IPO received bids for 93,14,84,536 shares against 2,85,63,816 shares on offer, according to NSE data.
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.
As the issue was oversubscribed on the last day, here is how you can check allotment status online:
How to check Syrma SGS Technology IPO Share Allotment Status
Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx.
Step 2: Select ‘equity’ option and then issue name – ‘Syrma SGS Technology IPO’ from the dropdown
Step 3: 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.
Syrma SGS Technology IPO Full Timeline:
Syrma SGS Technology IPO Application start date: August 12, 2022
Syrma SGS Technology IPO Application end date: August 18, 2022
Syrma SGS Technology IPO allotment start date: August 23, 2022
Syrma SGS Technology IPO refund initiation date: August 24, 2022
Syrma SGS Technology share allotment date: August 25, 2022
Syrma SGS Technology IPO listing date: August 24, 2022
Dates as per discount broker Upstox.
About Syrma SGS Technology IPO
Earlier, 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.
As per the company, the net proceeds from the fresh issue will be used for funding capital expenditure requirements to expand manufacturing, R&D facilities, long-term working capital requirements and general corporate purposes.