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Syrma SGS Technology Ltd IPO (Syrma IPO) Detail

August 12, 2022 - August 18, 2022

Syrma IPO is a book built issue of Rs 840.00 crores. The issue comprises of fresh issue of Rs 766.00 crore and offer for sale of 0.34 crore shares.

Syrma IPO bidding started from August 12, 2022 and ended on August 18, 2022. The allotment for Syrma IPO was finalized on Tuesday, August 23, 2022. The shares got listed on BSE, NSE on August 26, 2022.

Syrma IPO price band is set at ₹209 to ₹220 per share. The minimum lot size for an application is 68 Shares. The minimum amount of investment required by retail investors is ₹14,960. The minimum lot size investment for sNII is 14 lots (952 shares), amounting to ₹209,440, and for bNII, it is 67 lots (4,556 shares), amounting to ₹1,002,320.

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), ICICI Securities Limited and Iifl Securities Ltd are the book running lead managers of the Syrma IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Syrma IPO RHP for detailed information.

Syrma IPO Details

IPO Date August 12, 2022 to August 18, 2022
Listing Date August 26, 2022
Face Value ₹10 per share
Price Band ₹209 to ₹220 per share
Lot Size 68 Shares
Total Issue Size[.] shares
(aggregating up to ₹840.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹766.00 Cr)
Offer for Sale3,369,360 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Syrma IPO Reservation

Syrma IPO offers 28,563,816 shares. 8,553,777 (29.95%) to QIB, 6,003,012 (21.02%) to NII, 14,007,027 (49.04%) to RII. 205,985 RIIs will receive minimum 68 shares and 2,101 (sNII) and 4,203 (bNII) will receive minimum 952 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered8,553,777 (29.95%)NA
NII (HNI) Shares Offered6,003,012 (21.02%)
  bNII > ₹10L4,002,008 (14.01%)4,203
  sNII < ₹10L2,001,004 (7.01%)2,101
Retail Shares Offered14,007,027 (49.04%)205,985
Total Shares Offered28,563,816 (100%)

Syrma IPO Timeline (Tentative Schedule)

Syrma IPO opens on August 12, 2022, and closes on August 18, 2022.

IPO Open Date Friday, August 12, 2022
IPO Close Date Thursday, August 18, 2022
Basis of Allotment Tuesday, August 23, 2022
Initiation of Refunds Wednesday, August 24, 2022
Credit of Shares to Demat Thursday, August 25, 2022
Listing Date Friday, August 26, 2022
Cut-off time for UPI mandate confirmation 5 PM on August 18, 2022

Syrma IPO Lot Size

Investors can bid for a minimum of 68 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 68 ₹14,960
Retail (Max) 13 884 ₹194,480
S-HNI (Min) 14 952 ₹209,440
S-HNI (Max) 66 4,488 ₹987,360
B-HNI (Min) 67 4,556 ₹1,002,320
Lot Size Calculator

About Syrma SGS Technology Ltd

Incorporated in 2004, 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.

Product Portfolio

  • Printed circuit board assemblies (PCBA)
  • Radio frequency identification (RFID) products
  • Electromagnetic and electromechanical parts
  • Motherboards
  • Memory products - DRAM modules, solid state, and USB drives.


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.

Company Financials

Syrma SGS Technology Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Syrma IPO is Rs 3877.04 Cr.

Pre IPO Post IPO
P/E (x) 50.69

Objects of the Issue (Syrma IPO Objectives)

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  1. Funding capital expenditure requirements for the development of an R&D facility and expansion / setting up of manufacturing facilities.
  2. Funding long-term working capital requirements.
  3. General corporate purposes.

Syrma IPO Review (Apply)

[Dilip Davda]  The company did a pre-IPO placement at Rs. 290 a few months back and now it is coming with IPO at Rs. 220 (at the upper cap). This really augurs well for this IPO, but based on its financial data and earnings, the issue is priced at a P/E of 50+ even at lower IPO pricing. The company is focusing on a high-margin product portfolio. The segment in which SSTL is operating is also poised for bright prospects ahead. Hence investors may consider an investment with medium to long-term perspectives. Read detail review...

Syrma IPO Subscription Status (Bidding Detail)

The Syrma IPO is subscribed 32.61 times on August 18, 2022 5:00:00 PM. The public issue subscribed 5.53 times in the retail category, 87.56 times in the QIB category, and 17.50 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
    bNII (bids above ₹10L)19.01
    sNII (bids below ₹10L)14.47

Syrma IPO Prospectus

Syrma IPO Rating

Rating:Rated 4.1 stars
Vote Here ...

Syrma IPO Listing Details

Listing Date August 26, 2022
BSE Script Code 543573
Final Issue Price ₹220 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Syrma SGS Technology Ltd Contact Details

Syrma SGS Technology Ltd
Plot B27, Phase II, Zone B,
MEPZ-SEZ, Sanatorium, Tambaram,
Chennai 600 045
Phone: 022 40363000

Syrma IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Syrma IPO FAQs

Syrma IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹840.00 Crores. The issue is priced at ₹209 to ₹220 per share. The minimum order quantity is 68 Shares.

The IPO opens on August 12, 2022, and closes on August 18, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Syrma IPO using UPI as a payment gateway. Zerodha customers can apply in Syrma IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Syrma IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Syrma IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Syrma IPO opens on August 12, 2022 and closes on August 18, 2022.

Syrma IPO lot size is 68 Shares, and the minimum amount required is ₹14,960.

You can apply in Syrma IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Syrma IPO will be done on Tuesday, August 23, 2022, and the allotted shares will be credited to your demat account by Thursday, August 25, 2022. Check the Syrma IPO allotment status.

The Syrma IPO listing date is on August 26, 2022.
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Syrma IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



990. kumar babu |   Link |  Bookmark |September 26, 2022 6:24:54 PM
My Average 1000@272 what is the Target price to see in a month time?
989. SBI ASBA |   Link |  Bookmark |September 23, 2022 5:55:55 PM
@monster zero syrma ka supply bohut acha hai at 285 na ?
Ise niche Gaya tho kya karna hai
989.1. Param Patel |   Link |  Bookmark |September 23, 2022 6:27:07 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
I think 26th ko lock in period khatam ho raha hai so abhi aur down jaa sakta hai 270-275 k aas pass agar down nahi gaya to bhagega 1 week k baad
988. King Mufasaa |   Link |  Bookmark |September 20, 2022 2:11:56 PM
SYRMA - Ready Move?

I think Consolidation completed...
988.1. Nifty Singh |   Link |  Bookmark |September 27, 2022 8:24:35 PM (200+ Posts)
@King Mufasaa@Monester Zero- what is wrong with syrma? despite being well placed on papers shares are not moving up. seems undervalued. how long will it continue like this?
988.2. Monster Zero |   Link |  Bookmark |September 28, 2022 1:36:55 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Everyone holding is waiting for results
Everyone who wants to buy for long-term is waiting for results.
Meanwhile operator trying to short as much as possible.
1 financial result will give a clear perspective.
987. Yogeshjain |   Link |  Bookmark |September 19, 2022 9:58:46 AM
@monster zero sir
I purchased syrma shares @310
Should i hold or book loss ?
Plz advice sir
987.1. Monster Zero |   Link |  Bookmark |September 19, 2022 10:12:02 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
987.2. Yogeshjain |   Link |  Bookmark |September 19, 2022 10:28:29 AM
@monster zero
Thank you for your valuable advice sir
986. WINNING ONLY |   Link |  Bookmark |September 16, 2022 9:33:40 PM
anchor date is 26th Sept

different strategy after bouncing from 285 levels ????


986.1. Monster Zero |   Link |  Bookmark |September 16, 2022 9:49:13 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Since syrma has shown strength till now...10 days won't make a lot of difference... it'll make new 52 week high soon.
I'm waiting for results to decide my next step.
985. Kami |   Link |  Bookmark |September 14, 2022 10:45:34 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@monster zero
Since paradeep hit the target of 65, you think it still has some juice,
I sold my swing share
Still holding alloted 2 lot
985.1. Monster Zero |   Link |  Bookmark |September 14, 2022 4:08:22 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Once it touches 71 ...sell and buy again from 64...
Market is shaky and anytime selling could occur with large volumes...hold out your 60-70% cash for investing in a fall.
Watch p/e regularly is high among peers..i would love to re-enter at p/e of 10-11..
985.2. Kami |   Link |  Bookmark |September 15, 2022 12:27:04 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
aha, noted 👍
984. SBI ASBA |   Link |  Bookmark |September 14, 2022 5:22:49 PM
@monster what should I do with syrma ?
984.1. Monster Zero |   Link |  Bookmark |September 14, 2022 11:26:23 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Mere pass 500 pade hai..... thoda sa wait karlo agar funds issue nhi hai thoda dara rha hai... I'm expecting mutual funds to enter this stock.
983. ETHICS |   Link |  Bookmark |September 13, 2022 6:53:41 AM
Suggestion for all senior members and their opinion.Why can't we open a sperate thread for discussion on past 6 months or 1yr IPO.Many of us who are new in this field will be helpful by senior suggestions and analysis when to enter or sell the stocks that was bought during IPO.
This will help many new person like me.
This is just a request and suggestion @chittogarh admin team.
982. SBI ASBA |   Link |  Bookmark |September 8, 2022 4:45:04 PM
How many bulk and block deals after 29 August?
981. SBI ASBA |   Link |  Bookmark |September 8, 2022 11:39:03 AM
Even though sellers are more and buyers are less , why is it moving up , new bee question
981.4. SBI ASBA |   Link |  Bookmark |September 8, 2022 2:57:21 PM
I mean where u have learnt it?
981.5. Monster Zero |   Link |  Bookmark |September 8, 2022 3:03:42 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Just observations...but good screening going on... accumulation happening
980. IPOGUY |   Link |  Bookmark |September 8, 2022 11:24:28 AM
syrma on fire today. Bouncing back. Looking good for 400 target
979. WINNING ONLY |   Link |  Bookmark |September 7, 2022 11:57:28 AM
syrma is reverting from 285 levels as monster zero said,
what's the next move guys?? and also when is the result date??
@monster zero and other members !!
979.4. Monster Zero |   Link |  Bookmark |September 7, 2022 8:45:06 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
I think.. they'll announce directly q2 fy23 but, i don't know if there's any listing obligations to announce q1 fy23
979.5. Candle Talk |   Link |  Bookmark |September 17, 2022 11:44:32 AM
Those who are monitoring intraday price movement, please check 1-Day candle.
High probability of price revisit 260 and consolidate in 250-275 band.
978. SBI ASBA |   Link |  Bookmark |September 6, 2022 2:36:08 PM
285 aa raha hai ,
977. WINNING ONLY |   Link |  Bookmark |September 5, 2022 4:09:13 PM
@monster zero and other members,
please tell me about syrma
I am holding 1 lot, what should we do ?? from now onwards?
will it go up ???
977.4. DHARMENDRA SHARMA |   Link |  Bookmark |September 5, 2022 10:19:49 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Dear monster zero.,
Today emudra down close338/- and likhita up close 349/
Please suggest.
Please advice on dream folks buying range allotment not recd 🙏

977.5. Monster Zero |   Link |  Bookmark |September 5, 2022 10:35:04 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
@dharmendra.. Maine aaj 334 pe 200 qty order dala tha emudhra ka..but sirf 29 shares execute maine 339 pe sell kar diya..will try again Wednesday.
Today got 6k in fcl trade
And missed to buy likhitha for trade..was going to put buy order @334 but nahane chala gya😂 missed the trade. Likhitha me bohot Jaan baki hai. If you want u can trade by keeping 20% extra cash.
Dream folks 450-475 pe utha sakte ho....pre open me

Suppose u want 100. Shares..then buy 40, 30 ,30....
40 - limit order @ 600
30 - 5% below listing price.
30 - 10% below listing price.

Dream folks has the demand and potential to be 700+

976. PRIMARY MARKET LEARNER |   Link |  Bookmark |September 5, 2022 5:45:50 PM
Any Update On Result Date ?
975. SBI ASBA |   Link |  Bookmark |September 5, 2022 3:08:43 PM
Aur kitna niche jayega
975.1. Hostpacker |   Link |  Bookmark |September 5, 2022 4:06:05 PM
Better Subscribed IPO if Alloted then try to hold for atleast 1year for better return.
975.2. Monster Zero |   Link |  Bookmark |September 5, 2022 5:02:36 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
275-285 consolidation possible...then zoom to 365-375....400 by October 24th.
974. Bhavdip |   Link |  Bookmark |September 2, 2022 4:13:02 PM
ipo allotment nahi laga, still amount is blocked..
Link time not reply
Bank bolta he ki mene upper email forward kar diya he reply ata he to karta hu.. 5 days ho gaye..
Please guide to next step.. please
974.4. Prasen Ipo |   Link |  Bookmark |September 3, 2022 8:11:20 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@Monster Zero
What is your view on Patanjali Food ?
974.5. Monster Zero |   Link |  Bookmark |September 3, 2022 8:27:12 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
...u can invest but for long-term ...
973. Monster Zero |   Link |  Bookmark |September 1, 2022 11:44:05 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Technical movement beats the trend.
Trade 1 305 to 315
Trade 2 309 to let's see..

973.8. Monster Zero |   Link |  Bookmark |September 6, 2022 10:50:02 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
@Dharmendra.. don't put money in stock market beyond your limitations.
Emudhra should bounce back soon from 310-318...if u want u can average...i also bought today... looking to add more.
Syrma, tgv, emudhra, Mirza, campus,etc on watch...
973.9. DHARMENDRA SHARMA |   Link |  Bookmark |September 12, 2022 12:02:08 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Dear monster zero,
Tgv 10 percent circuit @147.10.
Thank you very much your advice.
please share if any news and suggest exit level.
972. SBI ASBA |   Link |  Bookmark |September 2, 2022 9:19:56 AM
Why delivery of syrma is less
972.1. Param Patel |   Link |  Bookmark |September 2, 2022 2:11:35 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
53% delivery till 1 pm is less ??
971. Monster Zero |   Link |  Bookmark |August 30, 2022 12:57:37 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Small brokers are buying and selling around same price to add support to the stock. This also increase the volume numbers hence making delivery % look small. Buy the dips for 390-395.
Accumulation is good.
I sold 300 qty @318..adding the dips ....
EPS of 6 @ 65 P/E gets you 390.
971.6. Kami |   Link |  Bookmark |September 1, 2022 2:59:44 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Hey @monster zero i really appreciate your input on paradeep it's flying now, I bought some share fow swing when last time you were bullish on it. Thanks a lot
971.7. Monster Zero |   Link |  Bookmark |September 1, 2022 3:25:37 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
@kami ..... Happy to help