Stay updated with breaking news from Business Solution. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Syrma SGS Technology on Thursday said it has raised Rs 252 crore from anchor investors ahead of its initial share-sale, which opens for public subscription on Friday.
50% of the issue size of the Syrma SGS Technology IPO is set aside for accredited institutional investors, including anchor book, 15% of the offer is allocated to non-accredited investors, and the remaining 35% is set out for retail investors.
Ending the two-and-a-half months of the gap in the initial public offering (IPO) market, electronic manufacturing...
So far in the current fiscal, 11 debutants have gone public to garner Rs 33,254 crore. Of these, a lion's share (Rs 20,557 crore) was raised by a public issue of Life Insurance Corporation of India (LIC).
Promoted and led by Sandeep Tandon and Jasbir Singh Gujral, Syrma SGS, is a technology-focused engineering and design company engaged in turnkey EMS specialised in precision manufacturing.