Syrma SGS Technologies IPO Opens today. Check out the updates here

Syrma SGS Technology IPO (initial public offering) is opening for subscription today and it will remain open for bidding till 18th August 2022.

The public issue worth ₹840 crore aims to raise ₹766 crore via fresh issues.

The price band of the public issue has been fixed at ₹209 to ₹210 per equity share

The shares of the Chennai-based engineering and design company are now available in grey market as well.

According to market observers, shares of Syrma SGS Technology Ltd are trading at a premium of ₹20 per equity share.

The public issue has been subscribed 0.30 times with retail portion subscribed 0.58 times till 3:20 PM on first day of subscription date.

The engineering company aims to raise ₹840 crore from its public offer.

A bidder will be able to apply in lots and one lot will comprise 68 shares of the engineering and design company.

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