IPOSyrma Allotment Date | How to check Syrma SGS IPO Allotment Status

August 19, 2022by Sruthi Nair0

Syrma SGS Technology Ltd was open for IPO subscription from 12th August to 18th August 2022.

The basis of allotment will be finalized on 23rd August 2022 and the shares will be credited to the investors’ DEMAT accounts by 25th August. Syrma SGS Technologies IPO will be listed on BSE and NSE on 26th August 2022.

You can check whether you have been allotted the Syrma SGS IPO through these methods:

  • BSE Website
  • Linkintime or any other registrar website
  • your Bank Account
  • your Demat Login

Here’s how you can check your Syrma IPO allotment status online or offline.

The Syrma SGS IPO has been subscribed 5.53x times in retail. Overall, the Syrma IPO got subscribed 32.61 times.

The basis of allotment will be on the retail subscription.

Check Allotment on Linkintime  Click Here
Check Allotment on BSE India  Click Here
Check Allotment on NSE India  Click Here

Here are few of the easiest ways through you can find out your Syrma IPO Allotment Status.

Option 1: How to check Syrma IPO Allotment at Linkintime?

  1. Visit your preferred registrar’s website to know more about your allotment status. Example- Linkintime – linkintime.com/ipostatus/
  2. Choose “Syrma SGS Technologies Limited” from the drop-down menu in the IPO section.
  3. Fill in your PAN Number, Application Number, or DP ID Option in the segment below and hit ‘Search’.
  4. Your Syrma IPO Allotment status will be on your screen.

Option 2: How to check Syrma IPO Allotment on the official BSE/NSE portal?

  1. Visit the BSE/NSE Website – Click here for the Bombay Stock Exchange website (bseindia.com/investors/appli_check.aspx) //
  2. Select the ‘Equity’ option from the “Issue Type” segment.
  3. Enter ‘Syrma SGS Technologies’ into the segment where you need to enter the name of the IPO.
  4. Next, put in your Application Number and PAN Number and click “Search”.
  5. Your Syrma IPO Allotment status will be on your screen.

Note: you can track your application status from mobile and/or desktop.

Option 3: How to check whether you have been allotted the Syrma SGS IPO through your Demat Account?

  1. Log into your Demat account through your favorite trading app.
  2. If shares of Syrma SGS are visible in the “Your Holdings” segment of the app, congratulations! You have been allotted the Oyo IPO shares.

Note: this will be available only after the IPO is listed.

Option 4: How to check the Allotment status of the Syrma SGS IPO through your Bank Account?

  1. Check the balance of the Bank Account which is linked to your demat account.
  2. If you are allotted the IPO, the blocked amount will be debited. While the amount will be released back if you have not been allotted the stock.

Note: You can also check your bank registered mobile number for a debit message. A debit message similar to the one below means that you have been allotted the IPO. 

The message will be worded like this: “Dear Customer, Bank Name Account Number xxxxxx is debited with INR xxxxxx.xx on Date. Info: Syrma SGS Technologies IPO. Available Balance is INR 000000.

Syrma IPO Details

Syrma SGS Technology Limited, a Chennai based firm incorporated in 2004, is an engineering and design company in electronics manufacturing services (EMS). The company’s public offering was open for subscription from 12th August to 18th August.

The Syrma SGS IPO has been subscribed a total of 32.61 times and 5.53x times in retail.

According to market observers, the last day subscription jumped its Grey Market Price too. The shares of Syrma SGS Technologies available in the grey market are trading at a premium of ₹48 per equity share, while it was trading at just ₹36 per equity share on Thursday morning.

The IPO will be listed by 26th August 2022.

 

Syrma IPO Date Aug 12, 2022 to Aug 18, 2022
Syrma IPO Face Value ₹10 per share
Syrma IPO Price ₹209 to ₹220 per share
Syrma IPO Lot Size 68 Shares
Issue Size [.] shares of ₹10
(aggregating up to ₹840.00 Cr)
Fresh Issue [.] shares of ₹10
(aggregating up to ₹766.00 Cr)
Offer for Sale 3,369,360 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares Offered Not more than 50% of the Offer
Retail Shares Offered Not less than 35% of the Offer
NII (HNI) Shares Offered Not less than 15% of the the Offer
DRHP Link   Syrma IPO DRHP
RHP Link    Syrma IPO RHP

Syrma SGS IPO Time Table

Some of the key dates of the Syrma IPO are given below:

Event Date
Syrma IPO Opening Date Aug 12, 2022
Syrma IPO Closing Date Aug 18, 2022
Basis of Allotment Aug 23, 2022
Initiation of Refunds Aug 24, 2022
Credit of Shares to Demat Aug 25, 2022
Syrma IPO Listing Date Aug 26, 2022

Syrma IPO Registrar

Link Intime India Private Limited

C 101, 247 Park, L.B.S Marg,

Vikhroli (West), Mumbai 400 083

FAQS

When will the Syrma SGS IPO get listed?

Yes, the Syrma is expected to list on August 26, 2022.

What was the Syrma SGS IPO application start and end date?

The Syrma IPO application date started on 12th August and ended on 18th August 2022.

When will Syrma SGS IPO refund be credited back?

The Syrma SGS IPO refunds will be initiated on 24th August. The amount will reach your bank account in less than 2 business days or according to your bank.

Who are the lead managers/book runners for Syrma SGS Technologies Ltd IPO?

IIFL Securities, ICICI Securities, and Dam Capital Advisors are the lead managers of the issuing.

What will the Syrma SGS IPO basis of allotment be?

Syrma SGS IPO allotment is based on pure luck. The chance of your allotment will be on the basis of the IPO’s subscription rates.

When will the Syrma SGS Technologies Shares get credited to my Demat account?

If you have been allotted the Syrma IPO, your shares will be credited to your demat account by Aug 25, 2022.

What is Syrma SGS IPO Expected Returns?

Syrma SGS IPO Expected Returns is 10%.

Who is the Syrma SGS Technologies IPO Registrar?

The official registrar of Syrma IPO is Link InTime India Private Limited.

When and where will the Syrma IPO be listed?

The IPO of Syrma SGS Ltd will be listed on 26th August 2022 on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

What is Syrma SGS IPO expected listing price?

The listing price will depend upon a lot of factors like market demand, time, number of subscribers etc. You can get an approximate idea about the Syrma IPO Listing Price by looking at the Syrma SGS IPO GMP (₹15) and Kostak Rate (₹400) as per 13th August 2022.

Syrma IPO Allotment Status, Subscription Link

Syrma IPO Allotment Status Link Check Here

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DISCLAIMER: Online Trading Institute is providing courses content and any related materials (including newsletters, blog post, videos, social media and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments.