Use app for best experience!
Available for Android Device.

Syrma SGS Technology Ltd IPO Detail

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.


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 DateAug 12, 2022
IPO Closing DateAug 18, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹209 - 220 per equity share
Market Lot68 Shares
Min Order Quantity68 Shares
Listing AtBSE, NSE
Issue Size₹840.00 Cr
Fresh Issue₹766.00 Cr
Offer for Sale3,369,360 shares of ₹10
Retail Portion 35%

IPO Subscription (Bidding Detail)

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 DateAug 12, 2022
IPO Close DateAug 18, 2022
Basis of Allotment DateAug 23, 2022
Initiation of RefundsAug 24, 2022
Credit of Shares to Demat AccountAug 25, 2022
IPO Listing DateAug 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).

ApplicationLotsSharesAmount (Cut-off)

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:

  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 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