On Thursday, Syrma SGS Technology raised Rs 252 crore from anchor buyers.
The Initial Public Offer (IPO) of Syrma SGS Technology was once subscribed 32.61 occasions at the ultimate day on Thursday.
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The Rs 840 crore-IPO won bids for 93,14,84,536 stocks towards 2,85,63,816 stocks on be offering, in step with NSE knowledge.
The class for Qualified Institutional Buyers (QIBs) won 87.56 occasions subscription, non institutional buyers was once subscribed 17.50 occasions and Retail Individual Investors (RIIs) 5.53 occasions.
The IPO had 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 be offering was once priced within the vary of Rs 209-220 according to percentage.
On Thursday, Syrma SGS Technology raised Rs 252 crore from anchor buyers.
It was once the primary corporate to faucet the principle marketplace in two-and-a-half months. Prior to this, the IPO of Aether Industries was once open for public subscription throughout May 24-26.
The internet proceeds from the recent factor shall be utilised for investment capital expenditure necessities to make bigger production, R&D amenities, long-term running capital necessities and normal company functions.
Syrma SGS is a technology-focused engineering and design corporate engaged in turnkey Electronics Manufacturing Services (EMS). Its shoppers come with TVS Motor Company, AO Smith India Water Products, Robert Bosch Engineering and Business Solution, Eureka Forbes and Total Power Europe BV.
DAM Capital Advisors, ICICI Securities and IIFL Securities had been the managers to the be offering.
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