Syrma SGS Technology Ltd
MainboardIndustrial Electronics
Listed On: Aug 26, 2022 at ₹ 260.0(NSE)
₹ 14960 /68 Shares
Check Allotment12 Aug, 2022
Open Date18 Aug, 2022
Close Date23 Aug, 2022
Allotment Date26 Aug, 2022
Listing DatePrice Summary
Last Closing
736.00 (234.55%)52 Week High
909.9052 Week Low
370.00Last Update
19-Dec-2025 3:30 PMIPO Issue Details
- Issue Price ₹209-220 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price Approx 840 Crores : Fresh Issue ₹760 Cr + Offer for Sale: 3,369,360 shares of ₹10 (aggregating up to ₹[.] Cr)
- Listing at BSE, NSE
- List Price 260.0(NSE)
- Listing Date 2022-08-26
-
Lead Manager
DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd),
ICICI Securities Limited,
IIFL Securities Ltd - Registrar Link Intime India Private Ltd
IPO Details
- Retail Portion 35% (Number of Retail Applications : 1,96,550 Approx)
IPO Details
The IPO of is priced at ₹209-220 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Aug 12, 2022 and ends on Aug 18, 2022. The allotment for IPO will be finalized on Aug 23, 2022. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 26, 2022. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
The book-running lead manager for the IPO is/are DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd),, ICICI Securities Limited,, IIFL Securities Ltd.
The IPO sets its price band at 209-220 for each share. A single application for Syrma SGS Technology Ltd must contain at least 68 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 8,553,777 | 6,003,012 | 14,007,027 | 28,563,816 |
|
Day 1
12-08-22 05:00 PM
|
0.00 x | 0.13 | 0.69 x | 0.37 x |
|
Day 2
16-08-22 05:00 PM
|
0.00 x | 0.71 | 1.51 x | 0.89 x |
|
Day 3
17-08-22 05:00 PM
|
0.71 x | 3.58 | 2.66 x | 2.27 x |
|
Day 4
18-08-22 05:00 PM
|
87.56 x | 17.50 | 5.53 x | 32.61 x |
Valuations
Company Financials
| 31-Mar-19 | 31-Mar-20 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 286.42 | 346.7 | 460.01 |
| Revenue | 357.4 | 404.88 | 444.48 |
| Profit After Tax | 20.97 | 43.88 | 28.62 |
About Company
Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization.
Manufacturing :The company operates through eleven manufacturing facilities in north India (i.e. Himachal Pradesh, Haryana, and Uttar Pradesh) and south India (i.e. Tamil Nadu and Karnataka). The manufacturing facilities in Tamil Nadu are located in a special economic zone. The manufacturing facility in Haryana has been set up under the Electronic Hardware Technology Park scheme, which allow the company to avail tax and other benefits.
R&D Capabilities :The company has three dedicated R&D facilities, two of which are located at Chennai and Gurgaon and one in Stuttgart, Germany.
- Promoter(s)
Sandeep Tandon
Jasbir Singh Gujral
Veena Kumari Tandon
Tancom Electronics Private Limited
Pre Issue Share Holding : 58.78%
Post Issue Share Holding : N/A%
IPO - Issue Objectives
Funding capital expenditure requirements for development of a R&D facility and expansion / setting up of manufacturing facilities
Funding our long term working capital requirements
General corporate purposes.
IPO - Anchor Investors
Syrma SGS Technology mobilises Rs 252 crore via anchor book, ahead of IPO.
Marquee investors who participated in the offer included Nomura, Eastspring Investments, Volrado Venture Partners Fund, Abakkus Emerging Opportunities Fund, Malabar Select Fund, Kuber India Fund, and Franklin India.
Among others, ICICI Prudential, IDFC Mutual Fund, Tata Mutual Fund, IIFL Special Opportunities Fund, BNP Paribas Arbitrage, Edelweiss, and Aditya Birla Sun Life Insurance also invested in Syrma.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Syrma SGS | 72.94 | N/A | 13.58% | 1,032 |
| Dixon Tech | 22.8 | 110.76 | 21.94% | 10,697 |
| Amber Enterprises | 4.4 | 75.54 | 6.52% | 4,206 |
IPO - FAQs
Ans. Syrma SGS Technology Ltd is a Mainboard IPO. The issue is priced at ₹209-220 per equity share. The minimum order quantity is 68 Shares. The IPO opens on Aug 12, 2022, and closes on Aug 18, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Syrma SGS Technology Ltd opens on Aug 12, 2022 and closes on Aug 18, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Syrma SGS Technology Ltd is Approx 840 Crores : Fresh Issue ₹760 Cr + Offer for Sale: 3,369,360 shares of ₹10 (aggregating up to ₹[.] Cr).
Ans. The Syrma SGS Technology Ltd price band is set between ₹209-220 per equity share.
Ans. To apply for Syrma SGS Technology Ltd, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Syrma SGS Technology Ltd in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Syrma SGS Technology Ltd is Aug 23, 2022.
Ans. The Syrma SGS Technology Ltd will be listed on Aug 26, 2022.
Ans. Follow the steps to check the Syrma SGS Technology Ltd allotment status online.
