Last Updated: August 26, 2022, 10:11 IST
Syrma SGS Technology listing today
Syrma SGS Technology made their D-street debut today
Syrma SGS Technology Listing Price: Syrma SGS Technology made its D-street debut today. Shares of the company began trading on the NSE at Rs 260 per share, up 18.18 per cent from the IPO price of Rs 209-220 apiece per share and on the BSE the stock debuted at Rs 262 apiece, rising 19.09 per cent. The company had a market capitalisation of Rs 4,617.20 crore on its market debut. This was the first company in over two months to hit the market with an IPO.
The offer received bids for 931.4 million equity shares as against 28.5 million shares on the offer, according to the data available on exchanges. Syrma SGS Technology’s Rs 840-crore public offer was oversubscribed 32.61 times.
Syrma SGS Technology, incorporated in 2004, is a Chennai-based technology-focused engineering and design company engaged in turnkey Electronics Manufacturing Services (EMS). Its customers include TVS Motor Company, AO Smith India Water Products, Robert Bosch Engineering and Business Solution, Eureka Forbes and Total Power Europe BV. It operates through eleven manufacturing facilities in Himachal Pradesh, Haryana, Uttar Pradesh, Tamil Nadu and Karnataka and has three R&D facilities which are located in Tamil Nadu, Haryana, and Germany.
The company has a large product portfolio, which includes printed circuit boards, RFIDS, electromagnetic, electromechanical parts and other products such as SSDs, USB flash drives, etc.
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