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Syrma SGS Technology IPO

Syram SGS Technology has filed for IPO containing fresh issues worth Rs 766 crores and an offer for sale of up to 3,369,360 equity shares from existing shareholders. The company specialise in precision manufacturing for diverse end-user industries. Click here to Apply for Syrma SGS IPO.

Opening Date

August 12, 2022

Closing Date

August 18, 2022

Price Band

₹209 - ₹220

per equity share

Issue Size

840 Cr

Face Value

₹10

per equity share

Market Lot

68 Shares

Opening Date

August 12, 2022

Closing Date

August 18, 2022

Price Band

₹209 - ₹220

per equity share

Issue Size

840 Cr

Face Value

₹10

per equity share

Market Lot

68 Shares

Listing at NSE, BSE

Syrma SGS Technology Ltd IPO Important Dates

IPO Open Date August 12, 2022
IPO Close Date August 18, 2022
Allotment Date August 23, 2022
Initiation Of Refunds August 24, 2022
Credit Of Shares To
Demat Account
August 25, 2022
IPO Listing Date August 26, 2022
UPI Mandate Expiry Date August 29, 2022

View all upcoming IPOs

About Syrma SGS Technology

The company is engaged in turnkey electronic manufacturing services (EMS), specialising in precision manufacturing for diverse industry end-users. The company is one of the fastest-growing EMSs head-quartered in India and a leading player in the OEM domain.

Syrma SGS offers a diverse product portfolio. They have earned marks in India and the international market as PCBA and custom RFID tag manufacturers.

Syrma SGS Technology IPO Objectives

• The company proposes to utilise the net proceeds from fresh equities to finance the R&D facility expansion and establish manufacturing units.

Why should you invest in the Syrma SGS Technology IPO?

  • The company offers an attractive and diverse product portfolio to several industry clients.
  • They focus on technological innovation through continuous R&D. They have three R&D teams in India and Stuttgart, Germany, to support research and product enhancement.
  • Consistent financial performance

Financial Highlights

Particulars For the year/period ended (₹ in million)
  FY21 FY20 FY19
Revenue From Operation 4,383.03 3,970.76 3,539.97
EBITDA 529.34 699.00 430.76
EBITDA Margin (%) 12.08 17.60 12.17
Profit After Tax 286.15 438.80 209.67
EPS 3.32 6.19 2.96
ROE 45.45 55.81 45.45

How to apply for Syrma SGS Technology IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Syrma SGS Technology IPO and approve the payment on your UPI ID.

Demat Account

Syrma SGS Technology Noteworthy Highlights:

  • From Fiscal 2019 to 2021, the company revenue and profit after tax (PAT) grew 11.52% and 16.82% CARGR.
  • Long-standing relationship with suppliers and marquee clients.

The Brand’s Pros & Cons:

Pros Cons
The company offers designing, manufacturing and R&D services to the OEM industry. Not being able to maintain long-term relationships with clients may impact future cash flow.
They are one of the leading design and electronic manufacturing companies in terms of revenue in Fiscal 2021. Failing to meet stringent industry standards and strict quality restrictions may hurt the company's future profitability.
They have established relationships with global marquee customers to continue growing their revenue. The company continues to face competition and global risks that can hurt future profit potential.

Competitive Analysis: Market Peers

The company continues to face challenges from listed peers in the domain. Following is an analysis of its peers.

Company Name Total revenue (in ₹ million) EPS P/E
Dixon Technologies Ltd. 64,497.48 26.87 201.96
Amber Enterprise India 30,636.20 24.96 131.02
Syrma SGS Technology 4,444.80 3.72  

Syrma SGS Technology IPO FAQs

What is Syrma SGS Technology IPO?

Syrma SGS Technology IPO is a combination of new shares worth Rs 766 crore and an offer for sale from existing shareholders of 3,369,360 equity shares.

When will Syrma SGS Technology IPO allotment be available?

Syrma SGS Technology allotment date is 23rd August, 2022.

What will be Syrma SGS Technology IPO lot size?

The lot size of Syrma SGC Technology IPO is 68 shares.

When will Syrma SGS Technology IPO open for subscription?

The open date for subscription of Syrma SGC Technology IPO is 12th August, 2023.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When will Syrma SGS Technology list on the exchanges?

It takes around ten working days from the last day of subscription to complete the listing process.

How to check the allotment status of Syrma SGS Technology IPO?

The existing Angel One customers must log in to their customer accounts to check IPO share allotment status.
Keep your application number, DP id, and PAN number handy while checking allotment status.

What would be the listing gains on Syrma SGS Technology IPO?

Listing gain indicates the difference between the IPO’s opening and offer prices.
The listing gain results from investors’ interest, global parameters, and short and long-term outlooks.

I have finished the Syrma SGS Technology IPO application, but the funds are not yet debited. What is the reason?

The bank will block the fund when you bid for the IPO. It will then debit the amount when shares are allotted or unblock it upon the UPI mandate expiration.

Can I alter my bid for Syrma SGS Technology after confirming its final application?

You can change the price or the lot size using the changing/revising form available with the IPO application kit. But it could be challenging to complete the process within the stipulated time.

Can I submit more than one application for the public issue of Syrma SGS Technology using one PAN?

No. Only one application at a time is allowed against one PAN card.

Who is the owner of Syrma SGS Technology?

Sandeep Tandon, Jasbir Singh Gujral and a few others are the promoters of Syrma SGS Technology.

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