Syrma SGS Technologies IPO: Investors had bid heavily for the Initial Public Offer (IPO) of Sirma SGS Technologies. In such a situation, after the closing ofthe bid, now all eyes are fixed on the allotment of its shares. Investors bidding for the IPO of Sirma SGS can check their allotment status on the BombayStock Exchange (BSE) and the registrar’s website. The registrar of Sirma SGS IPO is Link Intime India Private Limited.
Issue subscribed 32.61 times
Syrma SGS Technology’s IPO has been oversubscribed by a total of 32.61 times. Sirma SGS had put up a total of 93,14,84,536 shares for sale under itsIPO, in return for which it received bids for 2,85,63,816 shares. The company received the highest bid of around 87.5 times in the share of shares reserved for Qualified Institutional Investors (QIBs). On the other hand, non-institutional investors have bid 17.5 times for their share and retail investors have bid 5.5 times for their share of the shares.
Allotment of shares
The allotment of shares of Syrma SGS Technology will take place in the late evening of 23 August. The investors who will get the shares will get the message of deducting money from their bank account. On the other hand, investors who will not get the shares, their blocked money will be returned by August 24. The shares in the demat account of successful investors will start getting credited from August 25.
Know How to Check Allotment Status
Investors bidding for the IPO of Sirma SGS can check their allotment status online from the comfort of their homes in two ways. First by visiting the official website of Bombay Stock Exchange (BSE) and second through the official website of Registrar. Here we are telling you both the ways
1. Check allotment status on BSE website like this
Open the link given here in your mobile or desktop https://www.bseindia.com/investors/appli_check.aspx
On this page select the option ‘Equity’ and then select ‘Sirma SGS Technology IPO’ from the dropdown
Then enter your application number and PAN card number in the space provided.
Tick ‘I am not a robot’ and press submit to know the status.
2. Check allotment status on the website ofthe registrar
Open the link given here- https://www.linkintime.co.in/MIPO/Ipoallotment.html
On the page that opens, select the name of your issue, which is Sirma SGC Technology IPO
Fill the details related to PAN card
Proceed to the next step and enter the Application and finally the Client ID
After filling the correct information in all the boxes, press submit to know the allotment status.
Syrma SGS Technologies IPO: GMP Today
According to unlisted market watchers, Syrma SGS shares were trading at a premium (GMP) of around Rs 60 in the gray market on Monday. This is aboutRs 10 more than Friday’s premium of Rs 50. Experts said that the strong sentiment in the stock market has also supported the gray market premium of Syrma SGS IPO.
Know what Syema SGS Tech does
Syrma SGS Technology is a technology focused engineering and design company engaged in turnkey electronics manufacturing services business. Apart from this, the company also provides its engineering and design services to sectors such as automotive, healthcare, consumer products.
It has 11 manufacturing plants in Himachal, Haryana, Uttar Pradesh, Tamil Nadu and Karnataka. It also has R&D facilities in Tamil Nadu, Haryana and Germany. Dam Capital, ICICI Securities and IIFL Securities have been appointed as the Book Running Lead Managers of the issue.