The price band for the IPO of Sirma SGS Technologies was fixed at Rs 209 to Rs 220. The total size of this IPO is Rs 840 crore. It has 68 shares in a lot, which means investors need to invest at least Rs 14,960 to bid in Sirma SGS Technologies IPO.
The IPO of Sirma SGS Technologies, a provider of electronics manufacturing services, has closed. This issue, which came into the market after a long gap, has received a tremendous response. The initial public offering (IPO) was subscribed to 32.61 times from August 12 to August 18. On Thursday, the successful investors’ Demat accounts were the first to receive their shares, which had also been allocated. After this, the shares of Sirma SGS Technologies will be listed on NSE and BSE tomorrow. Friday. Prior to this, its premium in the gray market has remained consistently good. This is indicating that the stock market investors are going to earn well from this IPO after a long gap.
This IPO Is So Big
The price band for the IPO of Sirma SGS Technologies was fixed at Rs 209 to Rs 220. The total size of this IPO is Rs 840 crore. It has 68 shares in one lot, which means that the minimum bid for this IPO is Rs 14,960. An investor can place a bid of a maximum of 13 lots i.e. a maximum of Rs 1,94,480. The promoters of the company include Sandeep Tandon, Jasbir Singh Gujral, Veena Kumari Tandon, and Tancom Electronics Pvt Ltd. As of pre-IPO, promoters hold 58.78 percent of the company.
Great Subscription for IPO
This IPO has got a good response across all categories. When the initial public offering (IPO) ended on August 18, it had been subscribed 32.61 times. It was subscribed 5.53 times in the retail category, 87.56 times in the QIB category, and 17.50 times in the NII category. The key managers of this IPO are DAM Capital Advisors Limited, ICICI Securities Limited, and IIFL Securities Limited.
The listing will happen after one day
The shares of the IPO were allotted on August 23. The process of refunding the money of those who were not allotted shares started on August 24. The shares of Sirma SGS Technologies will be credited to the Demat account of the investors whose bid will be selected in the IPO. After this, the shares of Sirma SGS Technologies will be listed on BSE and NSE on August 26. According to IPO Watch, the share of Sirma SGS Technologies is trading at a premium of Rs 55 in the gray market. Accordingly, the shares of Syrma SGS Technologies can be listed at Rs 275. That is, on every single lot, investors can earn Rs 3,740 on the first day itself.
How to check Syrma SGS Technologies IPO allotment status on BSE
- Click on the direct link of BSE bseindia.com/investors/appli_check.aspx.
- Select Syrma SGS Technologies IPO.
- Enter the Syrma SGS Technologies IPO application number.
- Fill your PAN details.
- Click on ‘I’m not a robot’.
- Now press submits button.
- After this, you will see the allotment status.
- How to check Syrma SGS Technologies IPO allotment status at Link Intime on the registrar link
- Click on the direct link of Link Intime linkintime.co.in/MIPO/Ipoallotment.html.
- Select Syrma SGS Technologies IPO.
- Fill your PAN details.
- Now click on the search option.
- After that, you will see the status.
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