The company informed the bourses that it allocated 1,14,56,261 shares at Rs. 220 per share on Thursday, August 11, 2022, to anchor investors

Out of the total allocation of 1,14,56,261 equity shares to the anchor investors, 38,18,754 equity shares were allocated to 5 mutual funds through 7 schemes amounting to Rs 84.01 crore i.e. 33.33% of the Total Anchor Book Size.

Syrma SGS Technology, one of the fastest growing Indian headquartered providers of electronic design and manufacturing services for global & domestic Original Design and equipment manufacturers (ODMs and OEMs), has garnered Rs 252 crore from anchor investors ahead of its initial share sale that opens for public subscription on Friday.

The company informed the bourses that it allocated 1,14,56,261 shares at Rs. 220 per share on Thursday, August 11, 2022, to anchor investors.

Nomura, Prudential plc., Volrado Venture Franklin India, BNP Paribas and Abakkus are among the investors that participated in the anchor book.

In addition, shares have been allocated to domestic funds ICICI Prudential, Franklin India, Tata Mutual Fund, IDFC Mutual Fund, Edelweiss Mutual Fund are among the investors that participated in the anchor book.

Out of the total allocation of 1,14,56,261 equity shares to the anchor investors, 38,18,754 equity shares were allocated to 5 mutual funds through 7 schemes amounting to Rs 84.01 crore i.e. 33.33% of the Total Anchor Book Size.

Promoted and led by Sandeep Tandon and Jasbir Singh Gujral, Syrma SGS, is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services (“EMS”) that specialises in precision manufacturing.
Dam Capital Advisors Limited, ICICI Securities Limited, and IIFL Securities Limited are the book running lead managers to the issue, and Link Intime India Private Limited is the registrar of the Issue.