Syrma SGS Technology Ltd. makes a strong debut on the bourses with scrip got listed at Rs 262.00 on the Bombay Stock Exchange, a 19.09 per cent premium to its issue price of Rs 220.00. On the National Stock Exchange, the stock was listed at Rs 260.00. The company, which raised 3.82 Cr from initial public offering, was subscribed 24.18 times, receiving bids for 9,233.75 lakhs shares against the total issue size of 381.88 lakhs shares. The company, listed under B Group Securities post its IPO, opened for subscription from Aug 12 to Aug 18.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE. The company anticipates using the proceeds of the issue for . ICICI SECURITIES LTD,IIFL Securities Limited,DAM Capital Advisors Limited as lead managers & Link Intime India Private Limited is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 58,774.72, down 310.71 points, or 0.52 per cent.