The company received bids of 1,05,17,900 shares against the offered 2,85,63,816 equity shares, at a price band of Rs.209-Rs220, according to the data.

The issue kicked off for subscription on Friday, August 12 and will be open till Thursday, August 18.

The Initial Public Offering (IPO) of Syrma SGS Technology, one of the fastest growing Indian headquartered provider of electronic design and manufacturing services for global & domestic Original Design and equipment manufacturers (ODMs and OEMs), received bids of 1,05,17,900 shares against the offered 2,85,63,816 equity shares, at a price band of Rs.209-Rs220, according to the data available on the stock exchanges.

Overall the issue was subscribed 0.37 times on the first day of bidding.

Retail Investors saw a robust demand and was subscribed 0.69 times. Qualified institutional buyers are yet to put in their bids. The reserved portion of non-institutional investors witnessed a subscription of 0.13 times. 

The issue kicked off for subscription on Friday, August 12 and will be open till Thursday, August 18.

The IPO consists of a fresh issue of equity shares aggregating to Rs 766 crore and an offer for sale (OFS) of up to 3,369,360 equity shares.

Ahead of its issue opening, Syrma SGS Technology Limited raised Rs 252 crore from marquee investors such as Nomura, Eastspring Investments, Franklin Templeton, Tata Mutual Fund, ICICI Prudential Mutual fund, IIFL, Kuber India, Abakkus and BNP Paribas . The company aims to raise Rs 840 crore through its IPO.

Dam Capital Advisors Limited, ICICI Securities Limited, and IIFL Securities Limited, Choice Broking are the book running lead managers to the issue and Link Intime India Private Limited is the registrar to the Issue.