.Syrma SGS Technology’s Rs 840-crore IPO, which got subscribed 32.61 times on the final day of bidding, is likely to finalize the basis of allotment on Tuesday, 23 August
The basis of allotment for the Rs 840-crore IPO by Syrma SGS Technology, which received 32.61 times as much interest on the final day of bidding, is set to be decided on Tuesday, August 23. This company’s initial public offering (IPO) was the first in more than two months. The amount set aside for qualified institutional buyers was purchased 87.56 times, while the amount earmarked for retail investors was purchased 17.5 times. The portion for retail investors was resubscribed 5.53 times. The price range for the IPO shares was between Rs 209 and Rs 220. On August 26, 2022, the equity shares are anticipated to list on the BSE and NSE. On August 24, reimbursements or money blocking in ASBA accounts will start, and on August 26, 2022, equity shares will be credited to allottees’ Demat accounts.
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The basis of allotment for the Rs 840-crore IPO by Syrma SGS Technology, which received 32.61 times as much interest on the final day of bidding, is set to be decided on Tuesday, August 23. This company’s initial public offering (IPO) was the first in more than two months. The amount set aside for qualified institutional buyers was purchased 87.56 times, while the amount earmarked for retail investors was purchased 17.5 times. The portion for retail investors was resubscribed 5.53 times. The price range for the IPO shares was between Rs 209 and Rs 220. On August 26, 2022, the equity shares are anticipated to list on the BSE and NSE. On August 24, reimbursements or money blocking in ASBA accounts will start, and on August 26, 2022, equity shares will be credited to allottees’ Demat accounts.