Syrma SGS Technology stock made its market debut with a 19 per cent premium on Friday against the issue price of Rs 220. The stock made its debut at Rs 262, a jump of 19.09 per cent from the issue price on the BSE. Later, it zoomed 33.18 per cent to Rs 293. At the NSE, it opened at Rs 260, a premium of 18.18 per cent. The stock further climbed 33.31 per cent to Rs 293.30.
In early trade, both the Sensex and the broader Nifty indices were trading in the green. The Initial Public Offer (IPO) of Syrma SGS Technology was subscribed 32.61 times on the final day on Thursday last week. The Rs 840 crore IPO was priced in the range of Rs 209-220 per share. Syrma SGS is a technology-focused engineering and design company engaged in turnkey Electronics Manufacturing Services (EMS).
Its customers include TVS Motor Company, AO Smith India Water Products, Robert Bosch Engineering and Business Solution, Eureka Forbes and Total Power Europe BV.
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