Description
14,306,151 equity shares of Syrma SGS Technology Limited listed for trading from August 18, 2025 following QIP allotment.
Summary
Syrma SGS Technology Limited has listed 14,306,151 new equity shares on BSE following a Qualified Institutional Placement (QIP). The shares will commence trading on August 18, 2025, and rank pari-passu with existing equity shares.
Key Points
- 14,306,151 equity shares of Rs. 10 each allotted to Qualified Institutional Buyers
- Issue price: Rs. 699 per share
- Allotment date: August 12, 2025
- Trading commencement: August 18, 2025
- Distinctive numbers: 178158013 to 192464163
- Scrip Code: 543573
- ISIN: INE0DYJ01015
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
Trading members are informed of the new securities listing and can commence trading from the specified date.
Important Dates
- August 12, 2025: Date of allotment
- August 18, 2025: Trading commencement date
Impact Assessment
The QIP represents significant equity dilution for existing shareholders. The issue price of Rs. 699 and substantial number of shares indicate a large fundraising exercise that will increase the company’s equity base and trading liquidity.
Impact Justification
Significant equity dilution through QIP but routine listing procedure