Syrma SGS Technology IPO:

The IPO of Syrma SGS Technology IPO is opening on August 12 for the subscription of general investors.

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Syrma SGS Technology's IPO will be worth Rs 840 crore. For this, bidding can be done from August 12 to August 18.

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Its price band has been fixed at Rs 209 to 220 per share. Under this, new shares worth Rs 766 crore will be issued.

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Veena Kumari Tandon, promoter of Syrma SGS Technology, is going to sell her 33.69 lakh equity shares through off for sale (OFS).

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50 percent of the issue of Sirma SGS Technology is reserved for Qualified Institution Buyers (QIBs).

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35% of Sirma Technology's IPO for retail investors. And 15 percent of the shares are reserved for non-institutional investors.

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This IPO for anchor investors will open on August 11 and the company's shares can be listed on August 24.

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On Tuesday, the stock of Sirma SGS Technology was trading at a premium of Rs 30 in the gray market.

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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.

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Disclaimer: Grey market sentiment does not give an accurate estimate of whether you will make a profit or loss from this issue.

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