The Go Digit Insurance IPO is likely to be comprised of both fresh issue and Offer-For-Sale (OFS).
Retail investors were at the forefront, buying 69 percent of shares reserved for them, while the portion set aside for non-institutional investors was subscribed 13 percent.
Syrma SGS Technology is a Chennai-based company engaged in electronic manufacturing services (EMS) with expertise in engineering and design of electronic products.
The IPO consists of a fresh issue of equity shares worth up to Rs 250 crore and an offer-for-sale (OFS) of up to 2,60,00,000 equity shares by promoters and promoter group entities, according to the draft red herring prospectus (DRHP).
Syrma is one of the leading players in the EMS space, with a good product mix, catering to high-growth, higher-margin industries, including automotive, industrial, consumer and IT segments
Hem Securities has come out with its report on Syrma SGS Technology. The research firm has recommended to ''Subscribe'' the ipo in its research report as on August 11, 2022.
Brokerages are confident about the prospects of the company given its inherent strengths and the likely growth of the Indian electronic manufacturing services market.
Dealers say Syrma SGS is already commanding a premium of Rs 20 in the grey market — or an unofficial market for unlisted securities.
Syrma SGS Technology IPO | Marquee investors who participated in the offer included Nomura, Eastspring Investments, Volrado Venture Partners Fund, Abakkus Emerging Opportunities Fund, Malabar Select Fund, Kuber India Fund, and Franklin India.
The offer consists of a fresh issue of equity shares worth Rs 250 crore and an offer for sale of 2.6 crore shares by certain existing and eligible shareholders of Balaji Speciality Chemicals.
Geojit has come out with its report on Syrma SGS Technology. The research firm has recommended to ''Subscribe'' the ipo in its research report as on August 11, 2022.
KR Choksey has come out with its report on Syrma SGS Technology. The research firm has recommended to ''Subscribe'' the ipo in its research report as on August 11, 2022.
Syrma SGS Technology IPO | Half of the issue size is reserved for qualified institutional investors including anchor book, 15 percent of the offer for allocation to non-institutional investors and the remaining 35 percent is reserved for retail investors.
The company, which is backed by Warburg Pincus and Faering Capital, had filed preliminary papers with Sebi on April 12 to raise funds through an initial public offering
The firms are yet to announce the launch date of their IPOs and are waiting for the right time to float their issues as current market conditions are challenging, merchant bankers said.
Syrma will finalise the basis of the allotment of shares by August 23 and will initiate refunds to unsuccessful investors by August 24. Equity shares will get credited to the Demat accounts of eligible investors by August 25.
Mamaearth, Lenskart, Acko, Meesho, ElasticRun and InMobi also participated in the meeting held in Bengaluru on August 3 and 4.
The IPO is entirely a fresh issue of equity shares aggregating up to Rs 105 crore.
The lender, which came into the operation in 2010, is primarily focused on providing microfinance to unserved and underserved segments and in particular in the states of Uttar Pradesh and Bihar
2021 saw an IPO rush as companies across industries went public. Here are some of them with their experience of life after listing.
Last year, the government had said that it would start the process to list the state-owned entity soon, and the Initial Public Offering (IPO) would hit the market during the next financial year.
The IPO will comprise a fresh issue of Rs 600 crore and an offer for sale of 1.8 crore shares by promoters
The firm, backed by consumer focused Belgian family office Verlinvest, dominates the domestic wine market with a portfolio of brands across price points and an expansive distribution network.
According to its managing director Bhavesh Shah, the agro-chemical company GSP Crop Science Pvt Lt plans to start a Rs 500 crore IPO (Initial Public Offering) before the end of the current year.
Provider of pipeline laying solutions Corrtech International has been given the go-ahead by capital markets regulator Sebi to raise money through an IPO (IPO). According to the Draft Red Herring Prospectus, the public offering consists of a new issuance of equity shares worth Rs 350 crore and a sale of 40 lakh shares by the founders (DRHP).