Syrma SGS Technology IPO: Here’s how you can check the allotment status

• Syrma SGS Technology is likely to announce its share allotment status today.
  
• The IPO of the Chennai-based technology-focused engineering and design company was subscribed 32.61 times.
  
• The IPO will be listed on August 26 on exchanges.

The Chennai-based Syrma SGS Technology is likely to announce the allotment status of its initial public offering (IPO) on Tuesday.

The IPO launched on August 12 and closed on August 18 with a price band of ₹209- ₹220 per share.

Syrma SGS’ IPO saw huge demand from investors, registering a subscription of 32.61 times the number of shares offered in the three days of the IPO bidding process.

In fact, the grey market premium of the company’s stock increased to ₹55 from ₹25 per share earlier.

The portion reserved for retail investors was oversubscribed by 5.53 times on the last day of the IPO bidding process.

The technology-focused engineering and design company is engaged in turnkey electronics manufacturing services. Going forward, the company seeks to build on the expanding electronics system design and manufacturing (ESDM) market of India that is leveraging the China plus 1 strategy, import substitution and Make in India campaign.

Here is how you can check Syrma SGS Technology’s IPO allotment status:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘Syrma SGS technology’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar’s website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Syrma SGS Technology’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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