Syrma SGS Technology IPO:
Electronics manufacturing services company Sirma SGS Technology is bringing its IPO this month.
The IPO of Syrma SGS Technology IPO is opening on August 12 for the subscription of general investors.
Syrma SGS Technology's IPO will be worth Rs 840 crore. For this, bidding can be done from August 12 to August 18.
Its price band has been fixed at Rs 209 to 220 per share. Under this, new shares worth Rs 766 crore will be issued.
Veena Kumari Tandon, promoter of Syrma SGS Technology, is going to sell her 33.69 lakh equity shares through off for sale (OFS).
50 percent of the issue of Sirma SGS Technology is reserved for Qualified Institution Buyers (QIBs).
35% of Sirma Technology's IPO for retail investors. And 15 percent of the shares are reserved for non-institutional investors.
This IPO for anchor investors will open on August 11 and the company's shares can be listed on August 24.
On Tuesday, the stock of Sirma SGS Technology was trading at a premium of Rs 30 in the gray market.
According to experts, the share of Sirma SGS will be listed in the stock market at a premium of Rs 30 to Rs 250 per share.
Disclaimer: Grey market sentiment does not give an accurate estimate of whether you will make a profit or loss from this issue.