Syrma SGS Technology Ltd IPO Detail
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 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.IPO Details
| IPO Opening Date | Aug 12, 2022 |
| IPO Closing Date | Aug 18, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹209 - 220 per equity share |
| Market Lot | 68 Shares |
| Min Order Quantity | 68 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹840.00 Cr |
| Fresh Issue | ₹766.00 Cr |
| Offer for Sale | 3,369,360 shares of ₹10 |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.13x | 0.69x | 0.37x |
| Day 2 | 0.00x | - | - | 0.74x | 1.56x | 0.92x |
| Day 3 | 0.71x | - | - | 5.51x | 2.66x | 2.27x |
| Day 4 | 87.56x | - | - | 17.50x | 5.53x | 32.61x |
IPO Tentative Timetable
The Syrma SGS Technology Ltd IPO open date is Aug 12, 2022, and the close date is Aug 18, 2022. The issue may list on Aug 26, 2022.
| IPO Open Date | Aug 12, 2022 |
| IPO Close Date | Aug 18, 2022 |
| Basis of Allotment Date | Aug 23, 2022 |
| Initiation of Refunds | Aug 24, 2022 |
| Credit of Shares to Demat Account | Aug 25, 2022 |
| IPO Listing Date | Aug 26, 2022 |
IPO Lot Size
The Syrma SGS Technology Ltd IPO market lot size is 68 shares. A retail-individual investor can apply for up to 13 lots (884 shares or ₹194480).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 68 | ₹14960 |
| Maximum | 13 | 884 | ₹194480 |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 286.42 | 357.4 | 20.97 |
| 31-Mar-20 | 346.7 | 404.88 | 43.88 |
| 31-Mar-21 | 460.01 | 444.48 | 28.62 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure requirements for the development of an R&D facility and expansion / setting up of manufacturing facilities.
- Funding long-term working capital requirements.
- General corporate purposes.
Syrma SGS Technology Ltd IPO Registrar:
Link Intime India Private Ltd
Syrma SGS Technology Ltd IPO Lead Manager(s):
DAM Capital Advisors Ltd
Company Contact Information:
Syrma SGS Technology Ltd
Plot B27, Phase II, Zone B,
MEPZ-SEZ, Sanatorium, Tambaram,
Chennai 600 045
