Syrma ipo gmp

IKIO Lighting IPO Subscription Day 2 (June 7): IKIO Lighting IPO Subscription Status: The Initial Public Offer (IPO) of LED lighting solution provider IKIO Lighting received 1.55 times subscription on the first day of the share sale on Tuesday. The Rs 606.5 crore IPO received bids for 2,36,67,020 shares against 1,52,24,074 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 2.97 times, the portion for Retail Individual Investors (RIIs) received 1.64 times subscription and Qualified Institutional Buyers (QIBs) 30 per cent. IKIO Lighting IPO Issue Price Band: The Noida-based company has fixed a price band of Rs 270-285 per equity share, and investors can bid for a minimum of 52 shares in one lot and multiples thereafter. IKIO Lighting IPO Issue Size: The total issue size of IKIO Lighting IPO is worth ₹607 crore, comprising of a fresh issuance of equity shares worth up to ₹350 crore and an offer-for-sale (OFS) of up to 90 lakh equity shares by promoters. IKIO Lighting IPO Lot Size: The lot size of IKIO Lighting IPO is 52 shares, making the minimum investment amount for retail investors at ₹14,820. Retail investors can bid upto 13 lots. IKIO Lighting IPO Basis of Allotment: The basis of allotment of IPO shares will be fixed on June 13 and the initiation of refunds will take place on June 14. The IPO shares will be credited to the demat account of eligible investors on June 15. IKIO Lighting IPO Listing Date: The Noida-based compa...

Syrma SGS Technologies IPO: After closure of the initial public offering (IPO), all eyes are now focused on the announcement of share allotment, which is most likely today. Meanwhile, after opening of the public offer on 12th August 2022, grey market premium (GMP) of the public issue has gone up from ₹20 to ₹55 per equity share in grey market. According to the market observers, after closure of the public issue, Syrma SGS Technologies IPO GMP has remained steady around ₹55 despite two days sell-off in the market. However, the market mood had changed on Tuesday evening that got reflected in grey market mood towards the public issue when it surged from its yesterday's low of ₹50 GMP to ₹55 at the end of Tuesday session. As per the market observers, ₹55, which is ₹5 higher from its Tuesday low of ₹50 per equity share. Market observers said that after two days of sell-off, Tuesday session was highly volatile on Dalal Street that pulled down Syrma SGS Technologies IPO GMP towards ₹50, which is lowest since closure of the public issue. However, the GMP recovered with recovery in the stock market ahead of closure. market observers expected further upside in the GMP if the market mood remains bullish on next three sessions. What this GMP means? According to market observers, Syrma SGS Technologies IPO GMP today is ₹55, which means grey market is expecting that the public issue may list around ₹275 ( ₹220 + ₹55), which is near 25 per cent higher from its price band of ₹209 to ₹220 ...

Syrma SGS Technologies IPO: Four days subscription for the public issue ended today. As per Syrma SGS Technologies IPO subscription status, the public offer was subscribed over 32 times. The offer received bids of 93,14,84,536 equity shares against the offered 2,85,63,816 equity shares, at a price band of ₹209-220, according to the data available on the stock exchanges. The portion reserved for Qualified Institutional Buyers led from the front and was subscribed 87.56 times. The reserved portion of non-institutional investors witnessed a subscription of 17.50 times. The Retail Investors portion was subscribed 5.53 times. As per the market observers, ₹36, which is ₹4 lower from its Wednesday's grey market premium of ₹40 per equity share. They said that Syrma SGS Technologies IPO GMP got more than doubled from Monday to Friday as it shot up from ₹15 to ₹40. So, such a dip in Syrma SGS Technologies IPO GMP today is negligible and it may recover on Thursday as it would be the last day available for bidder to apply for the IPO. They expected sharp upside in Syrma SGS Technologies IPO subscription status on the last date of bidding as market trend is still positive and it is mere 4 per cent away from its life-time high. What this GMP means? As Syrma SGS Technologies IPO GMP today is ₹36, it means that grey market is expecting Syrma SGS Technologies IPO listing around ₹256 ( ₹220 + ₹36), which is around 16 per cent higher from its price band of ₹209 to ₹220 per equity share. Howe...

Syrma SGS The last initial share sale to hit the Indian markets was chemicals firm Aether Industries Ltd, which closed on May 26. Since then several companies canceled their plans to approach the Syrma SGS Technology IPO: Price Band The company has fixed a price band at Rs 209-220 per share. Syrma SGS Technology plans to raise Rs 766 crore by selling new shares. In addition, existing shareholders plan to raise around Rs 74 crore by selling 3.37 million shares. Syrma SGS Technology IPO: Lot Size Investors who wish to subscribe may bid for a lot size of 68 shares and thereafter in multiples of 68 equity shares. Those planning to invest in the issue will have to make a minimum investment at the upper end of the price band will be Rs 14,960 per lot and Rs 1,94,480 would be the maximum investment against 13 lots as they are allowed to invest up to Rs 2 lakh. Syrma SGS Technology IPO: Reserved Portions Half of the offer will be reserved for Qualified Institutional Buyers (QIBs), 35 per cent will be reserved for retail investors, and the remaining 15 per cent will be kept aside for non-institutional investors (NIIs). The book-running lead managers to the issue are DAM Capital, ICICI Securities, IIFL Securities. Syrma SGS Technology IPO: Financials Syrma SGS Technology had good revenues even in the Covid-19 period. The sales are increasing at a steady pace. Syrma reported a 16.6 per cent year-on-year growth in proforma profit at Rs 76.46 crore for the year ended March 2022 on the ...

Premium Syrma SGS Technologies IPO: Why has the public offer got a good response? Syrma SGS Technologies IPO, GMP Today: The IPO was subscribed 2.27 times Wednesday. Its public offer received bids for 6.48 crore equity shares against the IPO size of 2.85 crore shares, as per the data available on exchanges. The initial public offering of Chennai-based technology-focused engineering and design company, Syrma SGS Technology, was subscribed 2.27 times Wednesday. Syrma’s public offer received bids for 6.48 crore equity shares against the IPO size of 2.85 crore shares, as per the data available on exchanges. The company’s IPO includes Rs 766 crore in fresh shares and Rs 74 crore worth of secondary share sale – that is shares that will be offloaded by promoters during the IPO. Also Explained | Subscription to Syrma’s IPO was primarily led by non-institutional investors who put in bids 3.58 times their reserved portion. Retail investors bought shares 2.66 times the allotted quota and the portion of the offer set aside for qualified institutional buyers (QIBs) was subscribed 71%. The company’s IPO will close on Thursday, August 18. How is the company’s financial health and what are the risks in its business? What do Syrma’s financial numbers look like? The company posted revenue growth of 43% to Rs 1,267 crore in FY22 compared to the year ended March 2021. The company’s net profit grew by 17% to Rs 76.46 crore in March 2022. What does Syrma manufacture? According to the company’s ...

Syrma SGS The last initial share sale to hit the Indian markets was chemicals firm Aether Industries Ltd, which closed on May 26. Since then several companies canceled their plans to approach the Syrma SGS Technology IPO: Price Band The company has fixed a price band at Rs 209-220 per share. Syrma SGS Technology plans to raise Rs 766 crore by selling new shares. In addition, existing shareholders plan to raise around Rs 74 crore by selling 3.37 million shares. Syrma SGS Technology IPO: Lot Size Investors who wish to subscribe may bid for a lot size of 68 shares and thereafter in multiples of 68 equity shares. Those planning to invest in the issue will have to make a minimum investment at the upper end of the price band will be Rs 14,960 per lot and Rs 1,94,480 would be the maximum investment against 13 lots as they are allowed to invest up to Rs 2 lakh. Syrma SGS Technology IPO: Reserved Portions Half of the offer will be reserved for Qualified Institutional Buyers (QIBs), 35 per cent will be reserved for retail investors, and the remaining 15 per cent will be kept aside for non-institutional investors (NIIs). The book-running lead managers to the issue are DAM Capital, ICICI Securities, IIFL Securities. Syrma SGS Technology IPO: Financials Syrma SGS Technology had good revenues even in the Covid-19 period. The sales are increasing at a steady pace. Syrma reported a 16.6 per cent year-on-year growth in proforma profit at Rs 76.46 crore for the year ended March 2022 on the ...

Premium Syrma SGS Technologies IPO: Why has the public offer got a good response? Syrma SGS Technologies IPO, GMP Today: The IPO was subscribed 2.27 times Wednesday. Its public offer received bids for 6.48 crore equity shares against the IPO size of 2.85 crore shares, as per the data available on exchanges. The initial public offering of Chennai-based technology-focused engineering and design company, Syrma SGS Technology, was subscribed 2.27 times Wednesday. Syrma’s public offer received bids for 6.48 crore equity shares against the IPO size of 2.85 crore shares, as per the data available on exchanges. The company’s IPO includes Rs 766 crore in fresh shares and Rs 74 crore worth of secondary share sale – that is shares that will be offloaded by promoters during the IPO. Also Explained | Subscription to Syrma’s IPO was primarily led by non-institutional investors who put in bids 3.58 times their reserved portion. Retail investors bought shares 2.66 times the allotted quota and the portion of the offer set aside for qualified institutional buyers (QIBs) was subscribed 71%. The company’s IPO will close on Thursday, August 18. How is the company’s financial health and what are the risks in its business? What do Syrma’s financial numbers look like? The company posted revenue growth of 43% to Rs 1,267 crore in FY22 compared to the year ended March 2021. The company’s net profit grew by 17% to Rs 76.46 crore in March 2022. What does Syrma manufacture? According to the company’s ...

Syrma SGS Technologies IPO: After closure of the initial public offering (IPO), all eyes are now focused on the announcement of share allotment, which is most likely today. Meanwhile, after opening of the public offer on 12th August 2022, grey market premium (GMP) of the public issue has gone up from ₹20 to ₹55 per equity share in grey market. According to the market observers, after closure of the public issue, Syrma SGS Technologies IPO GMP has remained steady around ₹55 despite two days sell-off in the market. However, the market mood had changed on Tuesday evening that got reflected in grey market mood towards the public issue when it surged from its yesterday's low of ₹50 GMP to ₹55 at the end of Tuesday session. As per the market observers, ₹55, which is ₹5 higher from its Tuesday low of ₹50 per equity share. Market observers said that after two days of sell-off, Tuesday session was highly volatile on Dalal Street that pulled down Syrma SGS Technologies IPO GMP towards ₹50, which is lowest since closure of the public issue. However, the GMP recovered with recovery in the stock market ahead of closure. market observers expected further upside in the GMP if the market mood remains bullish on next three sessions. What this GMP means? According to market observers, Syrma SGS Technologies IPO GMP today is ₹55, which means grey market is expecting that the public issue may list around ₹275 ( ₹220 + ₹55), which is near 25 per cent higher from its price band of ₹209 to ₹220 ...

Syrma SGS Technologies IPO: Four days subscription for the public issue ended today. As per Syrma SGS Technologies IPO subscription status, the public offer was subscribed over 32 times. The offer received bids of 93,14,84,536 equity shares against the offered 2,85,63,816 equity shares, at a price band of ₹209-220, according to the data available on the stock exchanges. The portion reserved for Qualified Institutional Buyers led from the front and was subscribed 87.56 times. The reserved portion of non-institutional investors witnessed a subscription of 17.50 times. The Retail Investors portion was subscribed 5.53 times. As per the market observers, ₹36, which is ₹4 lower from its Wednesday's grey market premium of ₹40 per equity share. They said that Syrma SGS Technologies IPO GMP got more than doubled from Monday to Friday as it shot up from ₹15 to ₹40. So, such a dip in Syrma SGS Technologies IPO GMP today is negligible and it may recover on Thursday as it would be the last day available for bidder to apply for the IPO. They expected sharp upside in Syrma SGS Technologies IPO subscription status on the last date of bidding as market trend is still positive and it is mere 4 per cent away from its life-time high. What this GMP means? As Syrma SGS Technologies IPO GMP today is ₹36, it means that grey market is expecting Syrma SGS Technologies IPO listing around ₹256 ( ₹220 + ₹36), which is around 16 per cent higher from its price band of ₹209 to ₹220 per equity share. Howe...

IKIO Lighting IPO Subscription Day 2 (June 7): IKIO Lighting IPO Subscription Status: The Initial Public Offer (IPO) of LED lighting solution provider IKIO Lighting received 1.55 times subscription on the first day of the share sale on Tuesday. The Rs 606.5 crore IPO received bids for 2,36,67,020 shares against 1,52,24,074 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 2.97 times, the portion for Retail Individual Investors (RIIs) received 1.64 times subscription and Qualified Institutional Buyers (QIBs) 30 per cent. IKIO Lighting IPO Issue Price Band: The Noida-based company has fixed a price band of Rs 270-285 per equity share, and investors can bid for a minimum of 52 shares in one lot and multiples thereafter. IKIO Lighting IPO Issue Size: The total issue size of IKIO Lighting IPO is worth ₹607 crore, comprising of a fresh issuance of equity shares worth up to ₹350 crore and an offer-for-sale (OFS) of up to 90 lakh equity shares by promoters. IKIO Lighting IPO Lot Size: The lot size of IKIO Lighting IPO is 52 shares, making the minimum investment amount for retail investors at ₹14,820. Retail investors can bid upto 13 lots. IKIO Lighting IPO Basis of Allotment: The basis of allotment of IPO shares will be fixed on June 13 and the initiation of refunds will take place on June 14. The IPO shares will be credited to the demat account of eligible investors on June 15. IKIO Lighting IPO Listing Date: The Noida-based compa...