Syrma SGS Technology debuts on the stock exchange at a 19% premium.

Credit: @socilmedia

BY: Dinesh !

Syrma SGS Technologies, a provider of electronic manufacturing services, made a good debut on Dalal Street on Friday, with the stock opening at Rs 262 on the BSE, around 19% higher than its issue price of Rs 220 per equity share.

Credit: @socilmedia

Syrma SGS Technologies debuted on the National Stock Exchange (NSE) for Rs 260 per equity share.

Credit: @socilmedia

On the BSE, the stock opened at Rs 262 and rose to a high of Rs 296.75 in the early trade.

Credit: @socilmedia

Syrma SGS Technologies' share was trading at Rs 294.50 on the BSE at 12.16 p.m., 33.86% higher than its issue price of Rs 220 and 12.40% higher than its open price of Rs 262.

Credit: @socilmedia

"Trading Members of the Exchange are hereby informed that the equity shares of Syrma SGS Technology Ltd (Scrip Code: 543573) are listed and admitted to dealings on the Exchange in the list of "B" Group Securities, effective August 26, 2022," Syrma SGS Technology Ltd said in a regulatory filing to the BSE.

Credit: @socilmedia

Syrma SGS Technology's initial public offering (IPO) was subscribed to 32.61 times between August 12 and August 18. The IPO price range was Rs 209-220 per share.

Credit: @socilmedia

Syrma SGS Technology raised Rs 840 crore in its initial public offering (IPO). A total of Rs 766 crore was raised through a new offering of equity shares.

Credit: @socilmedia

This money will be used for expansion, operating capital, and general corporate reasons by the company. The remaining funds were obtained through an offer for sale made by the current shareholders.

Credit: @socilmedia

Syrma SGS Technology, situated in Chennai, is a technology-focused engineering and design firm that provides complete Electronics Manufacturing Services (EMS).

Credit: @socilmedia

If You Want More Web Stories Visit Our Website Bloggers-news.com And Get Letest Update

Thanks For Reading!

Swipe-Up