Syrma SGS Tech IPO Price Band: The IPO marketplace which used to be abandoned is set to go back to its glory. Syrma SGS Technology’s IPO goes to open on Friday, August 12, 2022. And until August 18, traders can make investments on this IPO. Syrma SGS Tech’s IPO is buying and selling at a top rate within the grey marketplace.
What’s occurring GMP
After 3 months, an IPO goes to be introduced available in the market. So the IPO of Syrma SGS Tech is buying and selling at a top rate within the grey marketplace. In the grey marketplace, the IPO of Syrma SGS Tech is buying and selling at a top rate of Rs.40 over its factor value.
Rs 209 -220 value band
Engineering and design corporate Syrma SGS Technology goes to boost Rs 840 crore thru IPO and the corporate has additionally mounted the cost band. For the IPO, the corporate has mounted the cost band at Rs 209-220 according to proportion. A recent factor of Rs 766 crore is being issued on this IPO. In which the present traders and promoters are going to promote 33,69,360 stocks out in their holdings thru IPO. The corporate can elevate Rs 110 crore via doling out 37,93,103 stocks thru pre-IPO placement.
35% quota for retail traders
Small traders can follow for no less than 68 stocks for which Rs 14,960 should be paid. One can follow for 884 stocks for a most of Rs 194,480. In the IPO, 50 % quota is reserved for institutional traders, 15 % for non-institutional traders and 35 % for retail traders.
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