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.

What is the estimated listing price for Syrma SGS Technology Limited IPO?

Based on the upper price band of ₹220 and current GMP of ₹39, the estimated listing price is ₹259 (approx. 17.7% gain).

What is the expected profit per lot for Syrma SGS Technology Limited IPO?

With a lot size of 68 shares and current GMP of ₹39, expected profit per retail application lot is approximately ₹2,652.

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Grey Market Intelligence

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

Live Grey Market Premium

Syrma SGS Technology Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹39+17.7%

Issue Price (Upper)

₹220

Band: ₹220

Estimated Listing Price

₹259

Upper price + GMP

Lot Size

68 shares

Min investment ₹14,960

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹39	17.7%	₹259
30 Oct 2026	+₹39	17.7%	₹259
29 Oct 2026	+₹35	15.9%	₹255

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Syrma SGS Technology Limited IPO GMP today?

The latest grey market premium for Syrma SGS Technology Limited IPO is ₹39, which indicates an expected listing price of ₹259.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.