Syrma SGS Technology Limited IPO
Syrma SGS Technology Limited was a mainboard IPO in the Industrial Products sector, offered at ₹209–₹220 per share to raise ₹840 crore. The issue was subscribed 32.61× overall (QIBs 87.56×, NIIs 17.5×, retail 5.53×). It listed on 26 Aug 2022 at ₹260 and closed its first day at ₹310, a listing gain of +41.1% versus the ₹220 issue price. It now trades around ₹1,625 (+638.8% versus the issue price).
Frequently asked questions
- How many times was the Syrma SGS Technology Limited IPO subscribed?
- The Syrma SGS Technology Limited IPO was subscribed 32.61× overall — 87.56× in the QIB category, 17.5× among non-institutional investors, 5.53× in retail.
- What were the Syrma SGS Technology Limited IPO listing gains?
- Syrma SGS Technology Limited listed on 26 Aug 2022 at ₹260, closing its first day at ₹310 — a listing gain of +41.1% versus the ₹220 issue price.
- What were the retail allotment odds for the Syrma SGS Technology Limited IPO?
- Retail was subscribed 5.53×, so a single-lot application had roughly a 18.1% chance of allotment (about 1 in 6), and allotment was finalised on 22 Aug 2022.
- What was the price band and lot size of the Syrma SGS Technology Limited IPO?
- The price band was ₹209–₹220 per share, with a minimum lot of 68 shares (₹14,960 at the upper band).
- Who were the registrar and lead manager for the Syrma SGS Technology Limited IPO?
- Link Intime India Private Limited was the registrar, and DAM Capital Advisors was the book-running lead manager.