Syrma SGS Technology to come out with IPO worth Rs 840 crore on Friday

Electronic manufacturing services firm Syrma SGS Technology on Monday said it will come out with its Rs 840-crore initial share sale on August 12, which will end two-and-a-half months of the gap in the initial public offering (IPO) market.

The company has fixed a price band of Rs 209-220 per equity share for its IPO, according to a statement.

This would be the first company to tap the primary market in two-and-a-half months. Prior to that, the IPO of Aether Industries was opened for public subscription during May 24-26.

Companies were not taking the IPO route for fundraising due to the volatility in the markets. In fact, many firms that received Sebi’s go-ahead are waiting for the right time to float their issues as current market conditions are challenging.