Here are all the details about the latest Syrma SGS Technology IPO GMP. Read more about the Syrma IPO Grey Market Premium (GMP), Kostak rates, and Subject to Sauda rates as of today.
Syrma SGS Technology Ltd opened for its IPO subscription on 12th August 2022 and will close application by 18th August 2022. The price band is from Rs. 209 per share to Rs. 220 per share. And the lot size is 68 shares.
The Syrma IPO subscription is at 0.22 times as of Aug 12, 2022 10:53:00 AM. The public offering has already been subscribed 0.44 times (retail category), 0.02 times (NII category) and 0.00 times (QIB category).
The current grey market premium is trading at Rs. 15 so it may list at Rs. 200 apiece. The Kostak rate is at Rs. 400 and the subject to sauda rates are trading at Rs.1000.
Key Points at a Glance
Syrma SGS IPO GMP Live Daily Rates with Subject to Sauda and Kotak rates.
| Date | GMP | Kostak | Subject to |
| 12 August | ₹15 | ₹400 | ₹1000 |
| 11 August | ₹20 | ₹400 | ₹1000 |
| 10 August | ₹25 | ₹400 | ₹1000 |
| 9 August | ₹20 | ₹400 | ₹1000 |
| 8 August | ₹28 | ₹400 | ₹1000 |
| 6 August | ₹25 | ₹400 | ₹[.] |
Syrma IPO Details
Syrma SGS Technology Limited is a Chennai based engineering and design company in electronics manufacturing services (EMS) incorporated in 2004.
With 11 manufacturing units, 3 R&D facilities, the company is focused on industries like consumer products, automotive, industrial appliances, healthcare, and IT.
After raising Rs. 110 crores through its pre-IPO placement of 37.93 lakh shares, the company’s public offering is now in its subscription phase. The application process started on 12th August and will be culminated by 18th August.
The PO issue includes equity shares worth Rs 766 crore and a subsequent offer for sale of 33.69 lakh equity shares.
The price band ranges from Rs. 209 per share to Rs. 220 per share. And the lot size is set up at 68 shares per lot (continued by multiples of 68).
The lead book running managers for the Syrma SGS public offering are Dam Capital Advisors, ICICI Securities and IIFL Securities.
The IPO is expected to list by 26th August 2022.
Syrma SGS Technology IPO Date & Price Band
| Syrma SGS Technology IPO Open: | August 12, 2022 |
| Syrma SGS Technology IPO Close: | August 18, 2022 |
| Syrma SGS Technology IPO Size: | Approx ₹840 Crores |
| Fresh Issue: | Approx ₹766 Crores |
| Offer for Sale: | Approx 3,369,360 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Syrma SGS Technology IPO Price Band: | ₹209 to ₹220 Per Share |
| Syrma SGS Technology IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Syrma SGS Technology IPO Market Lot
The Syrma SGS Technology IPO minimum market lot is 68 shares with an application amount of ₹14,960. Retail investors can apply for a maximum of 13 lots with 884 shares or ₹1,94,480.
| Minimum Lot Size: | Minimum 68 Shares for 1 lot |
| Minimum Amount: | ₹14,960 for 1 lot |
| Maximum Lot Size: | Maximum 884 Shares for 13 lot |
| Maximum Amount: | ₹194,480 for 13 lot |
Syrma SGS Technology IPO Allotment Timeline
Here are some key dates of Syrma SGS. These dates can be tentative.
| Price Band Announcement: | August 8, 2022 |
| Anchor Investors Allotment: | August 11, 2022 |
| Syrma SGS Technology IPO Open Date: | August 12, 2022 |
| Syrma SGS Technology IPO Close Date: | August 18, 2022 |
| Basis of Allotment: | August 23, 2022 |
| Refunds: | August 24, 2022 |
| Credit to Demat Account: | August 25, 2022 |
| Syrma SGS Technology IPO Listing Date: | August 26, 2022 |
Syrma SGS Tech IPO GMP FAQs:
What is GREY market premium or GMP?
GMP or grey market premium is the price at which the stock is traded before the IPO is listed. This trading is done in the grey market.
The calculation is based on the company’s performance, demand of the stock, and the expected probability of the number of subscriptions.
The grey market is an unofficial term but it can be used to guess the listing price of the stock.
How is the Syrma Grey Market Premium calculated?
To calculate any GMP Price, you add the IPO band fix price + the grey market rate. Let’s assume that X IPO band price is fixed at ₹210 and the grey market shows a rate of ₹20. This means that it is assumed that the IPO will mostly list at ₹230 (ie: ₹210+₹20).
Should I buy Syrma SGS IPO?
Before you apply for any IPO, consider the company specifics. Visit our “Syrma SGS Technologies IPO” article to know about the risks and strengths of the public offering.
What will the price band of the Syrma SGS IPO be?
The Syrma SGS IPO price band is at Rs. 209 on the lower band and Rs. 220 on the upper band.
What is Syrma IPO GMP today?
The Syrma SGS IPO GMP aka grey market premium is trading at ₹15.
What is Syrma SGS IPO Kostak Rate as of today?
The Syrma SGS Technologies IPO kostak rate is ₹400 today.
What is the Subject to Sauda price of the Syrma SGS IPO today?
Today, the Syrma SGS IPO subject to sauda rate is ₹1000.
What is the issue size of the Syrma SGS Tech IPO?
The Syrma SGS Technologies Ltd IPO comprises of equity shares worth Rs 766 crore, and an OFS (offer for sale) of 33.69 lakh equity shares thereafter.
Who are some prominent personals linked with Syrma SGS Technologies Ltd?
Key promoters of Syrma SGS Technologies are Tancom Electronics, Sandeep Tandon, Veena Kumari Tandon and Jasbir Singh Gujral.
Where and when will the Syrma IPO be listed?
The IPO of Syrma SGS Ltd will be listed on- the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The IPO is expected to list on August 26th 2022.
Syrma SGS IPO Expected Returns?
The Syrma SGS expected return is expected to be around 10%.
Disclaimer:
IPO Grey Market Premium (Syrma SGS IPO GMP) is only valid for that particular date. It cannot and should not be the sole reason for buying any financial instrument. OnlineTradingInstitute is not liable for any information provided in this article.
Furthermore, we do not indulge in any buying / selling of IPO forms in the Grey Market. We also do not recommend any specific IPO. Readers are cautioned to their own research before investing.
The premium price often changes before listing. Only subscribe to any initial public offering after carefully studying the fundamentals of the organization.