Syrma SGS Technology IPO: Issue subscribed 32.61 times on final day led by QIBs and non institutional investors

IPO, Syrma SGS Technologies IPO: The initial public offering (IPO) of electronic manufacturing services company Syrma SGS Technology was subscribed 32.61 times on the final day, according to the data available on the BSE.

The Rs 840 crore offer received bids for over 93.14 crore (93,14,84,536) shares against the issue size of over 2.85 crore (2,85,63,816) shares, the data showed.

The shares which are to be allocated for the qualified institutional buyers (QIBs) was subscribed 87.56 times, while the portion for non institutional investors was subscribed 17.50 times and that of retail individual investors (RIIs) was subscribed 5.53 times, the data showed.