The Rs 840 crore IPO of Syrma SGS Technology, which was subscribed 32.61 times on the last day of auctions, is expected to finalize the allocation basis on Tuesday, August 23. It was the first company in more than two months to hit the market with an IPO. The share reserved for qualified institutional buyers was subscribed 87.56 times and that for non-institutional investors was subscribed 17.5 times. The retail portion was subscribed 5.53 times. The IPO shares were sold at a price range of Rs 209-220. The shares are expected to list on the BSE and NSE on August 26, 2022. The initiation of redemptions or the release of funds from the ASBA account will take place on August 24, and the shares will be credited to the beneficiaries’ demat account on August 26, 2022. .
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On the gray market, Syrma SGS Tech IPO shares were seen trading at a premium of Rs 62 against the IPO price of Rs 220 each, according to people who trade unlisted shares of the companies. IPO investors can check IPO award status through the BSE and Registrar websites. The Registrar of the issue is Link Intime India Private Ltd, a SEBI registered entity responsible for allocating the IPO and processing refunds.
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Check the Allocation Status of Syrma SGS Tech Shares through Registrar Website Link Intime India
To check the stock allotment status, select the company name as “Syrma SGS Tech – IPO” from the drop down list on the Link Intime India website when declared. Check the PAN, Application Number or Custodian/Client ID box. Accordingly, enter the Permanent Account Number or Application Number or Custodian/Client Number in the box. Enter the given captcha in the space provided and click on the submit button. This will display the number of shares that have been applied and assigned to the investor.
Check stock allocation status in Syrma SGS Tech via ESB website
Another way to check the award status in Syrma SGS Tech is through the ESB website. Select “equity” as the issue type and “Syrma SGS Tech” as the issue name from the drop-down list, when declared. Enter the application number and the PAN (permanent account number). Click on “I am not a robot”. In the last step, click on the search tab to view the status details.