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Syrma SGS Technology Ltd IPO (Syrma IPO) Detail

Aug 12, 2022 - Aug 18, 2022

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.

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.

Company Financials

Syrma SGS Technology Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-19286.42357.420.97
31-Mar-20346.7404.8843.88
31-Mar-21460.01444.4828.62
Amount in ₹ Crore

Objects of the Issue

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 Details

Syrma IPO Date Aug 12, 2022 to Aug 18, 2022
Syrma IPO Face Value ₹10 per share
Syrma IPO Price ₹209 to ₹220 per share
Syrma IPO Lot Size 68 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹840.00 Cr)
Fresh Issue[.] shares of ₹10
(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
QIB Shares OfferedNot more than 50% of the Offer
Retail Shares OfferedNot less than 35% of the Offer
NII (HNI) Shares OfferedNot less than 15% of the the Offer
Company Promoters

The promoters of the company are Sandeep Tandon, Jasbir Singh Gujral, Veena Kumari Tandon and Tancom Electronics Private Limited.

Promoters collectively hold 58.78% of the Equity Share as of Dec 31st, 2021.

Syrma IPO Timeline (Tentative Timetable)

Syrma IPO opens on Aug 12, 2022, and closes on Aug 18, 2022. The Syrma IPO bid date is from Aug 12, 2022 10.00 A.M. to Aug 18, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Syrma IPO Opening Date Aug 12, 2022
Syrma IPO Closing Date Aug 18, 2022
Basis of Allotment Aug 23, 2022
Initiation of Refunds Aug 24, 2022
Credit of Shares to Demat Aug 25, 2022
Syrma IPO Listing Date Aug 26, 2022

Syrma IPO Lot Size

The Syrma IPO lot size is 68 shares. A retail-individual investor can apply for up to 13 lots (884 shares or ₹194,480).

Application Lots Shares Amount
Minimum 1 68 ₹14,960
Maximum 13 884 ₹194,480

Syrma IPO Review

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 Aug 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)
QIB87.56
NII17.50
    NII (bids above ₹10L)19.01
    NII (bids below ₹10L)14.47
Retail5.53
Total32.61

Syrma IPO Prospectus

Syrma IPO Rating

1456
4.1
Rating:Rated 4.1 stars
Vote Here ...

Company Contact Information

Syrma SGS Technology Ltd
Plot B27, Phase II, Zone B,
MEPZ-SEZ, Sanatorium, Tambaram,
Chennai 600 045
Phone: 022 40363000
Email: compliance@syrmasgs.com
Website: https://syrmasgs.com/

Syrma IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: syrma.ipo@linkintime.co.in
Website: https://linkintime.co.in/

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 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.

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 Aug 12, 2022 and closes on Aug 18, 2022.

Syrma IPO lot size is 68 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

The Syrma IPO listing date is not yet announced. The tentative date of Syrma IPO listing is Aug 26, 2022.
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