Syrma SGS IPO premium continues to rise. According to market watchers, on Monday 22nd August, 2022, the shares of Syrma SGS were trading in gray market at Rs. 58 is available at premium.
Premium of this IPO reaches close to Rs 60, listing may go up to 22%
After a wait of almost two and a half months, Syrma SGS Technology’s IPO has recently hit the market. Syrma SGS IPO is now closed for subscription. Investors are now eyeing the share allocation of Syrma SGS Technology. Allotment of shares in this public issue of Rs 840 crore can be done on 23 August 2022.
Meanwhile, the premium for the IPO of Syrma SGS continues to rise in the gray market. According to market watchers, the shares of Syrma SGS Technology are trading at Rs. 58 is available at premium.
The premium has reached close to Rs 60 in the gray market – Syrma SGS IPO
The gray market premium (GMP) of the IPO of Syrma SGS Technology on Monday stood at Rs. was 58. The premium of the company’s shares on Friday evening stood at Rs. was at level 59. The IPO of Syrma SGS opened for subscription on 12 August 2022 and closed on 18 August.
The company’s IPO has received tremendous response in the market. This IPO has been subscribed 32.61 times. The public issue was subscribed 5.53 times of the retail quota.
Shares can be listed at a good premium
The gray market premium of the shares of Syrma SGS on Monday stood at Rs. was 58. The price band of Syrma SGS IPO is Rs. 209 to Rs. is 220. If the shares of the company are Rs. 220 is to be allotted on the upper price band and that is Rs. 58 If listed at a premium, the company’s shares would be worth Rs. 278 can be listed in the market.
That is, the shares of the company can be listed at a premium of about 22 percent. The gray market premium for the IPO of Syrma SGS continues to rise. In the last few days, it has increased from Rs 20 to Rs 48. After Rs 48, it has reached the level of Rs 59. At present, the Sirma SGS premium on Monday is Rs. is 58.