Electronics/EMS - Listed on 26 August 2022
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.
Electronics/EMS
Syrma SGS Technology operates in the Electronics/EMS space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Syrma SGS Technology issue was offered at an upper price of Rs 220 and raised approximately Rs 168 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
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% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
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 listed at +41.1% versus the upper issue price of Rs 220 on 26 August 2022.
Syrma SGS Technology IPO was subscribed 97.19x overall. QIB portion was subscribed 104.49x, HNI / NII 222.13x and Retail 39.48x.
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.