Syrma SGS Technology IPO: How to Check Allocation Status

• Syrma SGS Technology is expected to announce the status of the share allotment today.
  
• The Chennai-based technology-focused engineering and design company’s IPO drew 32.61 times.
  
• The IPO will be listed on stock exchanges on August 26th.

Chennai-based Syrma SGS Technology is expected to announce the allotment status of its initial public offering (IPO) on Tuesday.

The IPO started on August 12 and ended on August 18 with a price range of ₹209 to ₹220 per share.

Syrma SGS’ IPO attracted huge demand from investors, registering a subscription of 32.61 times the number of shares offered in the three-day IPO bidding process.

In fact, the gray market premium of the company’s shares rose to £65 from a previous £25 per share.

The portion reserved for retail investors was 5.53 times oversubscribed on the final day of the IPO bidding process.

The technology-oriented engineering and design company is active in the field of turnkey electronics manufacturing. Going forward, the company seeks to build on the expanding Electronic Systems Design and Manufacturing (ESDM) market in India leveraging the China-plus-1 strategy, import substitution and the Make in India campaign.

How to Check Syrma SGS Technology IPO Allotment Status:

• Go to the BSE website or NSE website here.
• For BSE, select “Equities” and then “Syrma SGS Technology” from the drop-down list.
• Now enter your application number and PAN.
• Click Search.
• Please note that details will not be available until shares are allocated.

You can also visit the registrar’s website (Link Intime India) to check your application status.

• Visit the registrar’s website here.
• Click on “Select Company” and then on “Syrma SGS Technology”.
• Once the company is selected, you will need to enter either your PAN details, application number, or customer ID.
• Enter the Captcha and click Submit.

Once you click submit, the status of your application will be displayed on the screen. Please ensure that the information you provide is correct. It shows the number of shares you have subscribed to and the number of shares allotted to you. SEE ALSO: Indian Fintechs Raised $29B This Year, 14% of Total Global Funding Share: Report

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