We have embarked on a new journey and it gives me immense pleasure to share with you that after a lot of sweat and toil, our Company, Syrma SGS Technology Limited, is foraying into the capital markets via its initial public offering that has opened on Friday, 12th August, 2022 and closes on Thursday, 18th August, 2022 and has been priced at Rs 209 – Rs 220 per equity share of face value of Rs 10 each (“Equity Shares”). Our Company has filed its red herring prospectus dated August 4, 2022 (“RHP”) with the Registrar of Companies, Maharashtra at Mumbai.
The net proceeds of the fresh issue of Equity Shares will be used to: (i) funding capital expenditure requirements for development of a R&D facility and expansion / setting up of manufacturing facilities, (ii) funding our working capital requirements, and (iii) other general corporate purposes.
We have already closed our Anchor book of Rs. 252 Crore from Investors like Nomura, ICICI Pru MF, Eastspring, Malabar, IIFL, TATA Mutual Fund, Frankline Templton, IDFC etc.