Shares of this company at a premium of Rs 30 even before the IPO, after 80 days there will be a boom in the market

Market watchers say that the IPO of Sirma SGS in the gray market on Tuesday garnered Rs. 30K gray markets are at a premium. The company’s shares were at a premium of Rs 27 in the gray market on Monday.

Shares of this company at a premium of Rs 30 even before the IPO, after 80 days there will be a boom in the market

There is good news for the people waiting for the new IPO. A new IPO is coming in the market after a gap of 80 days. The IPO is by Chennai-based engineering and design company Sirma SGS Technologies.

The company’s IPO will open for subscription on August 12 and will be open for bidding till August 18, 2022. It has a strong performance in the gray market even before the IPO. Shares of Sirma SGS are currently trading in gray market at Rs. Available at a premium of 30.

The premium per share on Monday was Rs. 27. was

Stock market watchers say that in the gray market on Tuesday, Sirma SGS Technology’s IPO garnered Rs. 30 is at a gray market premium (GMP). Shares of Sirma SGS traded in gray market on Monday at Rs. 27 at a premium. That is, the company’s shares are at a premium of Rs 3 more than on Monday.

The price band of the shares of Sirma SGS Technologies is Rs. are 209-220. Rupee. A premium of 30 means that if the company’s shares are allotted at the upper price band, it would be Rs. Close to 250 can be listed.

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Syrma SGS IPO Details

Sirma SGS Technologies offer Rs. 766 crore including fresh issue and offer for sale of 3,369,360 equity shares by existing investors. Talking about Syrma SGS, the company’s revenue in FY22 increased by 43% to Rs. 1267 crore has been done.

At the same time, the company’s profit increased by 17 per cent to Rs. 76.46 crores. The promoters of the company are Sandeep Tandon and Jasbir Singh Gujral. According to the red hearing prospectus, the promoters hold 61.47 per cent stake in the company.