Syrma SGS technologies IPO is open for subscription today

The ipo size 840 crore and 766 crore worth shares are fresh issues

the lot size of the IPO is 68 shares

Today on 12th august the IPO subscription has reached 0.37 times

Ipo price band is in the range of  ₹209-200

The company produces diverse end use application such as automotive healthcare and industrial appliances

The company is profitable in the past years though the volume of profits dipped in dipped from 44.2 crore FY 2020 to 32 crore in FY 2021 and then again increased to 56 crore in FY 2022

The percentage margin of the company was 10.9% in 2020 , it decreased to 7.2% in 2021 and further it went down to 5.5% in 2022.

Grey market price for the IPO has decreased from 6th august(40) to 12th august(20)

Kostak price has on 6thaugust was 450 and on 12th august the day of opening the ipo is 300

Sauda price was 1000 on 9thaugust and then it decreased to 800 on 10th august and now it bounced back 1000 on 12th august