Business Standard

Don’t miss the latest developments in business and finance.

Syrma SGS Technology IPO subscribed 32.6x on final day of bidding

The qualified institutional buyers (QIBs) was subscribed 87.5 times, high networth individual (HNI) portion 17.5 times and retail portion 5.5 times

Bs_logoipo
BS Reporter
1 min read Last Updated : Aug 18 2022 | 11:56 PM IST
Syrma SGS Technology IPO was subscribed nearly 33 times on its concluding day, generating bids worth nearly Rs 20,000 crore. The qualified institutional buyers (QIBs) was subscribed 87.5 times, high networth individual (HNI) portion 17.5 times and retail portion 5.5 times. 

Syrma SGS, an electronic systems design and manufacturing firm, had set the price band for its IPO at Rs 209-220 per share. At the top-end, the company will be valued at Rs 3,877 crore. Syrma SGS’ IPO was the first issue to hit the market in nearly three months. Following its successful IPO, Dreamfolks Services, an airport service aggregator platform, is expected to launch its IPO next week.



Topics :Syrma Technologyinitial public offerings IPOshigh networth individuals