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

ipo
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.



One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Syrma Technologyinitial public offerings IPOshigh networth individuals

Next Story