What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Syrma SGS Technology Limited IPO allotment date?

The basis of allotment for Syrma SGS Technology Limited IPO is scheduled to be finalized on 23 Aug 2022.

Where can I check Syrma SGS Technology Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 24 Aug 2022.

Syrma SGS Technology Limited

ListedMainboard

Electronics Manufacturing · NSE / BSE

Incorporated in 2004, Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS), offering integrated solutions to OEMs from product concept to volume production through concept co-creation and product realization. Its product portfolio includes printed circuit board assemblies (PCBA), RFID products, electromagnetic and electromechanical parts, motherboards, and memory products such as DRAM modules, solid-state drives, and USB drives. The company operates eleven manufacturing facilities across Himachal Pradesh, Haryana, Uttar Pradesh, Tamil Nadu, and Karnataka, with units in Tamil Nadu located in an SEZ and one in Haryana under the Electronic Hardware Technology Park scheme, enabling tax and operational benefits. Syrma SGS also has strong R&D capabilities supported by three dedicated R&D centres—two in Chennai and Gurgaon, and one in Stuttgart, Germany.

Price Band

₹220

Issue Size

₹840 Cr

Lot Size

68 shares

GMP

₹39

+17.7%

Est. Listing

₹259

at current GMP

Subscribed

32.61x

overall

Open

12 Aug 2022

18 Aug 2022

Allotment

23 Aug 2022

Refund

24 Aug 2022

Demat Credit

25 Aug 2022

Listing

26 Aug 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Syrma SGS Technology Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

23 Aug 2022

Basis finalization

Refunds Initiate

24 Aug 2022

Mandate release

Demat Credit

25 Aug 2022

Shares in demat

Listing Debut

26 Aug 2022

Trading begins

How to Check Syrma SGS Technology Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Syrma SGS Technology Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Syrma SGS Technology Limited Public Issue & Market Profile

Syrma SGS Technology Limited is bringing an initial public offering (IPO) in the Electronics Manufacturing sector with an aggregate issue size of ₹840.13 Crores. The shares are offered at a price band of ₹220 to ₹220 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 68 shares (approx. ₹14,960 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-08-25, while un-allotted funds or UPI block mandates will be released on 2022-08-24.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.