Syrma SGS Technology Ltd

Mainboard

Industrial Electronics

Listed On: Aug 26, 2022 at ₹ 260.0(NSE)

₹ 14960 /68 Shares

Check Allotment

Price Summary

Last Closing

444.30 (101.95%)

52 Week High

705.20

52 Week Low

386.10

Last Update

20-Sep-2024 3:30 PM

IPO Details

12 Aug, 2022

Open Date

18 Aug, 2022

Close Date

23 Aug, 2022

Allotment Date

26 Aug, 2022

Listing Date

Issue Price

₹209-220 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

260.0(NSE)

Listing Date

2022-08-26

Market Lot

68 Shares (₹14,960/-)

Lead Manager

DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd),
ICICI Securities Limited,
IIFL Securities Ltd

Issue Size

Approx 840 Crores : Fresh Issue ₹760 Cr + Offer for Sale: 3,369,360 shares of ₹10 (aggregating up to ₹[.] Cr)

Retail Portion

35% (Number of Retail Applications : 1,96,550 Approx)

Subscription

32.61 times

IPO Docs

DRHP RHP

IPO Subscription 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

Earnings Per Share (EPS)

₹5.25/-

P/E Ratio

N/A

RoNW

13.58%

Net Asset Value (NAV)

₹42.36

Company Financials All values are in ₹ Cr.

	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 The 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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
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

- Promoter(s)

Pre Issue Share Holding: 58.78%

Post Issue Share Holding: N/A%

Company Promoter(s)

Sandeep Tandon
Jasbir Singh Gujral
Veena Kumari Tandon
Tancom Electronics Private Limited

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 - 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. 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 IPO price band is set between ₹209-220 per equity share.

Ans. To apply for Syrma SGS Technology Ltd IPO, 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 allotment status for Syrma SGS Technology Ltd here.