Syrma SGS Tech IPO subscribed 92 laptop on Day 2
New Delhi:
The preliminary public be offering of Syrma SGS Technology used to be subscribed 92 in keeping with cent on the second one day of the be offering on Tuesday.
The be offering were given bids for two,62,69,148 stocks in opposition to 2,85,63,816 stocks on be offering, consistent with the NSE knowledge.
Retail Individual Investors (RIIs) portion won 1.56 instances bids and non-institutional traders class were given subscribed 74 in keeping with cent.
The IPO has a recent factor of fairness stocks aggregating to Rs 766 crore and an be offering on the market of as much as 33,69,360 fairness stocks.
The value vary for the be offering is Rs 209-220 in keeping with percentage.
Syrma SGS Technology on Thursday raised Rs 252 crore from anchor traders.
It is the primary corporate to faucet the principle marketplace in two-and-a-half months. Prior to that, the IPO of Aether Industries used to be open for public subscription all over May 24-26.
At the higher finish of the fee band, the preliminary share-sale is anticipated to fetch Rs 840 crore.
The internet proceeds from the recent factor might be utilised for investment capital expenditure necessities to increase production, R&D amenities, long-term operating capital necessities and normal company functions.
DAM Capital Advisors, ICICI Securities and IIFL Securities are the e-book working lead managers to the be offering.
Syrma SGS is a technology-focused engineering and design corporate engaged in turnkey electronics production products and services (EMS). Its consumers come with TVS Motor Company, AO Smith India Water Products, Robert Bosch Engineering and Business Solution, Eureka Forbes and Total Power Europe BV.
Source Link: https://www.ndtv.com/business/syrma-sgs-tech-ipo-subscribed-92-pc-on-day-2-3259589