Syrma SGS Technology IPO GMP History
Syrma SGS Technology IPO has been listed on August 26, 2022 at a listing price of ₹260, against the issue price of ₹220 — a gain of ₹40 (+18.18%). The GMP peaked at ₹50 on 25 August 2022 and reached a low of ₹20 on 12 August 2022. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Syrma SGS Technology IPO raised ₹840.13 Cr. through its IPO at a price band of ₹209 to ₹220 per share, with a lot size of 68 shares. The IPO was open for subscription from 12 Aug 2022 to 18 Aug 2022.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:32 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 25 Aug 2022 | ₹ 50 | — | 23% | — | — |
| 24 Aug 2022 | ₹ 50 | — | 23% | — | — |
| 23 Aug 2022 | ₹ 50 | — | 23% | — | — |
| 22 Aug 2022 | ₹ 50 | ▲ | 23% | — | — |
| 20 Aug 2022 | ₹ 40 | ▲ | 18% | — | — |
| 19 Aug 2022 | ₹ 30 | ▼ | 14% | — | — |
| 18 Aug 2022 | ₹ 35 | — | 16% | — | — |
| 17 Aug 2022 | ₹ 35 | — | 16% | — | — |
| 16 Aug 2022 | ₹ 35 | ▲ | 16% | — | — |
| 15 Aug 2022 | ₹ 30 | — | 14% | — | — |
| 13 Aug 2022 | ₹ 30 | ▲ | 14% | — | — |
| 12 Aug 2022 | ₹ 20 | — | 9% | — | — |
| 10 Aug 2022 | ₹ 20 | ▼ | 9% | — | — |
| 09 Aug 2022 | ₹ 30 | — | 14% | — | — |
| 08 Aug 2022 | ₹ 30 | ▼ | 14% | — | — |
| 06 Aug 2022 | ₹ 40 | — | 18% | — | — |
Syrma SGS Technology IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 12 Aug 2022
- Close 18 Aug 2022
- Allotment 23 Aug 2022
- Refund/credit 24 Aug 2022
- Listing 26 Aug 2022
Syrma SGS Technology IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹220 |
|---|---|
| GMP-based estimate (pre-listing) | ₹270 (+22.7%) |
| Listing gain / loss | +₹40 per share |
| Listing date | 26 Aug, 2022 |
| Actual listing price | ₹260 (+18.18%) |
Is Syrma SGS Technology IPO GMP reliable?
Grey market premium for Syrma SGS Technology IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Syrma SGS Technology IPO full review for a fundamentals-based assessment before making any grey market trades.
Syrma SGS Technology IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Syrma SGS Technology IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Syrma SGS Technology IPO
Syrma SGS Technology Limited was incorporated as Syrma Technology Private Limited on 23 August 2004. It is a technology-focused engineering and design company providing turnkey electronics manufacturing services.
It works with OEMs from product concept to volume production for industrial appliances, automotive, healthcare, consumer products and IT. Its products include printed circuit board assemblies, RFID products, electromagnetic and electromechanical parts, motherboards and memory products.
It runs eleven manufacturing facilities in Himachal Pradesh, Haryana, Uttar Pradesh, Tamil Nadu and Karnataka. As per F&S, it is one of the fastest growing Indian-headquartered ESDM companies.
The IPO was Rs 840.13 crore, with Rs 766.00 crore of fresh issue and Rs 74.13 crore of offer for sale. Rs 261.55 crore was planned for an R&D facility and manufacturing expansion.
Frequently asked
What is the GMP of Syrma SGS Technology IPO?
The current Grey Market Premium (GMP) of Syrma SGS Technology IPO is ₹ 50.
What is the Kostak Price of Syrma SGS Technology IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Syrma SGS Technology IPO is not available.
What is the Subject to Sauda Price of Syrma SGS Technology IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Syrma SGS Technology IPO?
Syrma SGS Technology IPO listed on August 26, 2022 at ₹260, against the issue price of ₹220 — a gain of +18.18%.
How did the GMP of Syrma SGS Technology IPO trend before listing?
The GMP of Syrma SGS Technology IPO was stable in its final days before listing. The GMP peaked at ₹50 on 25 August 2022. View the day-wise table above for the complete GMP history.
Explore Syrma SGS Technology IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
