The main market is poised to regain its momentum after a pause of almost three months thanks to Syrma SGS Technology’s initial public offering (IPO), which will open for subscription on Friday, August 12.
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The engineering and design firm has set the price range at Rs209–220 per unit. The publication date is August 18, 2018. (Thursday).

Through its primary offering, which includes a fresh issue of Rs766 crore and the sale of 33,69,360 equity shares held by current shareholders and founders, the business hopes to raise Rs840 crore.

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In agreement with its book-running lead managers (BRLMs), the business issued 37,93,103 equity shares at a price of Rs290 each in order to raise Rs110 crore through pre-IPO placement.