Syrma SGS Technology IPO
Electronics/EMS - Listed on 26 August 2022
Syrma SGS Technology IPO listing summary
Syrma SGS Technology (Electronics/EMS) closed its IPO window in 2022 and listed on NSE and BSE on 26 August 2022 at an upper band issue price of Rs 220, opening at Rs 310.51 for a listing gain of +41.1% and closing day one at Rs 312 (+41.8% on closing basis). The IPO was subscribed 97.19x overall - QIB 104.49x, HNI/NII 222.13x, Retail 39.48x. The total issue size was Rs 168 Cr (Fresh Issue Rs 168 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Syrma SGS Technology IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 20 | +9.09% |
| Day 2 | Rs 20 | +9.09% |
| Day 3 | Rs 20 | +9.09% |
| Day 4 | Rs 30 | +13.64% |
| Day 5 | Rs 35 | +15.91% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Syrma SGS Technology IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Syrma SGS Technology IPO - FAQs
What was the listing gain of Syrma SGS Technology IPO?
Syrma SGS Technology IPO listed at +41.1% versus the upper issue price of Rs 220 on 26 August 2022.
How many times was Syrma SGS Technology IPO subscribed?
Syrma SGS Technology IPO was subscribed 97.19x overall. QIB portion was subscribed 104.49x, HNI / NII 222.13x and Retail 39.48x.
What was the IPO GMP for Syrma SGS Technology?
IPO GMP started at Rs 20 on Day 1 and moved to Rs 35 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.