Syrma SGS Technology IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Today, we are going to have an in-depth assessment of the Syrma SGS Technology IPO.
Here we will discuss the IPO release date, its offer price, Grey Market Premium, allotment status, subscription and other specifications about the company, like its background, its operations, scope, products and services.
All the materialistic facts and aspects that can help you deciding about investment will be covered. You will get all the details in this Syrma SGS Technology IPO Review. So, continue reading.
| Face Value | Rs 10 |
| Price Band | Rs. 209 – Rs. 220 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 68 shares |
| Listing Date | Aug 26, 2022 |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.766 Crore |
| IPO Size | Rs. 840 Crore |
| Tick Size | 1 |
Syrma SGS Technology IPO Overview
Syrma SGS Technology is making necessary arrangements to raise funds from the general public aggregating to Rs. 1000 – 1200 crores.
The issue involves a fresh issue of equity shares of Rs. 766 crore and an Offer for Sale of 3,369,360 equity shares.
In this IPO, Veena Kumari Tandon will be pulling back her investment and will offer shares in the IPO. The face value of the shares is Rs. 10 each.
The money is being raised for future expansion and growth and enlarge the capacity of the company.
Syrma SGS Technology IPO Important Dates
| Events | Date |
| IPO Opening Date | Aug 12, 2022 |
| IPO Closing Date | Aug 18, 2022 |
| Basis of Allotment Finalization | Aug 23, 2022 |
| Refunds Initiation | Aug 24, 2022 |
| Credit of Shares to Demat Account | Aug 25, 2022 |
| Share Listing Date | Aug 26, 2022 |
Syrma SGS Technology filed the DRHP document with SEBI for seeking its approval in pursuance of the IPO. The Syrma SGS Technology IPO dates are out now. The company is preparing to invite bids from 12th August. Investors will get plenty time to invest in the IPO and secure their allotment.
The company has decided 26th August as the listing date for the shares. See table for more details.
Syrma SGS Technology IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs. 209 – Rs. 220 |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs. 766 Crore |
| IPO Size | Rs. 840 Crore |
Syrma SGS Technology is offering 3,369,360 equity shares by way of an Offer for Sale and a fresh issue worth Rs. 766 crore. The face value of the shares is Rs. 10 each.
Syrma SGS Technology IPO Price and Syrma SGS Technology IPO Size will be determined by the entity after the subscription process. The price is determined based on various credible factors.
One of the existing shareholders Veena Kumari Tandon will be offering shares in the IPO.
Syrma SGS Technology IPO Grey Market Premium
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 26 August 2022 | Rs. 55 | Rs. 600 | Rs. 3000 |
| 25 August 2022 | Rs. 55 | Rs. 600 | Rs. 3000 |
| 24 August 2022 | Rs. 55 | Rs. 600 | Rs. 3000 |
| 23 August 2022 | Rs. 55 | Rs. 600 | Rs. 3000 |
| 22 August 2022 | Rs. 65 | Rs. 700 | Rs. 3500 |
| 21 August 2022 | Rs. 60 | Rs. 600 | Rs. 3000 |
| 19 August 2022 | Rs. 45 | Rs. 400 | Rs. 2500 |
| 18 August 2022 | Rs. 35 | Rs. 400 | Rs. 2500 |
| 17 August 2022 | Rs. 25 | Rs. 400 | Rs. 2500 |
Syrma SGS Technology IPO GMP can be checked now from the above table. We will update it as soon updated information in regards to the GMP is available.
Grey Market has a distinct and crucial role in the complete IPO process. It is deployed as a yardstick by the investors to assume the prices at which the shares are likely to be listed on the stock exchange.
Syrma SGS Technology IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 24th Aug | 87.56x | 17.50x | 5.53x | 32.61x |
| 2nd Day – | 0.00x | 0.74x | 1.56x | 0.92x |
| 3rd Day – | 0.71x | 3.58x | 2.66x | 2.27x |
| 4th Day – | 87.56x | 17.50x | 5.53x | 32.61x |
| Shares Offered or Net Issue | 8,553,777 | 6,003,012 | 14,007,027 | 28,563,816 |
The Syrma SGS Technology IPO Subscription has not taken place upto now. The company has filed the DRHP in December 2021 and is now eyeing on the approval for processing subsequent steps.
Syrma SGS Technology Limited will offer its shares to the different categories of investors in the following manner:
- QIBs – 50%
- NII – 15%
- Retail Investors – 35%
The issue will be listed on NSE and BSE.
The Lead Managers of the issue are:
- DAM Capital Advisors Limited
- ICICI Securities Limited
- IIFL Securities Limited
The details in respect of the price band and subscription will be made available in a short time.
Syrma SGS Technology IPO Allotment Status
The basis of allotment in regards to Syrma SGS Technology IPO Allotment is not available yet. The company has received the SEBI approval for its DRHP and will process the IPO opening soon to invite bids and list its shares.
Link Intime India Private Limited is the registrar of the issue.
Syrma SGS Technology IPO Live Performance
Click on the link below and check Syrma SGS Technology IPO Live Performance. You can check the current Syrma SGS Technology IPO share price.
Subscribe to Syrma SGS Technology IPO – Open Free Demat Account Now!
Latest Syrma SGS Technology IPO News
Syrma SGS Technology IPO DRHP has been approved by SEBI. The company received the nod along with other six companies like Sanathan Textiles, and Asianet Satellite Communications. The company has now declared the IPO related dates and will be opening IPO soon.
Syrma SGS Technology – Company Review
Syrma SGS Technology Limited was incorporated as Syrma Technology Private Limited in the year 2004.
Recently in 2021, the name of the company was changed. Additionally, in the year 2021 only, the status of the company was changed from private company to a public company and subsequently a fresh certificate of incorporation was issued by the RoC on October 20, 2021.
Syrma SGS Technology Limited is a technology driven enterprises which caters to various requirements of its customers. The company specializes in precision manufacturing.
It has a dominant customer base which includes entities like Total Power Europe BV, Robert Bosch Engineering & Business Solutions, TVS Motor Company, Eureka Forbes and AO Smith India Water Products.
Products or Services
Syrma SGS Technology Limited offers a variety of manufacturing services to its customers encompassing several sectors and industries.
The company is a technological driven entity and attempts at optimizing costs for its customers with high quality cost effective manufacturing.
Not limited to manufacturing, the entity also engaged in product designing, prototyping, quality & testing, supply & logistics, product assembly and more.
Also, it offers services in respect to the product and market like failure analysis, re-engineering, refurbishment and repair & rework.
The company offers products like RFID solutions, chokes, inductors, transformers, etc.
Promoters and Holding
The Promoters of Syrma SGS Technology Limited are:
- Sandeep Tandon
- Jasbir Singh Gujral
- Veena Kumari Tandon
- Tancom Electronics Private Limited
The management of the company consists of the following:
- Sandeep Tandon holds the position of Executive Chairman
- Jasbir Singh Gujral holds the position of Managing Director
- Jaideep Tandon holds the position of Non-Executive Director
- Jayesh Doshi holds the position of Non-Executive Director
- Sridhar Narayan holds the position of Non-Executive Director
- Sreeram Srinivasan holds the position of Chief Executive Officer
- Bijay Kumar Agrawal holds the position of Chief Financial Officer
- Rahul N Sinnarkar holds the position of Company Secretary and Compliance Officer
Is Syrma SGS Technology good for Investment?
Syrma SGS Technology Limited encompasses an extensive range of products and services in its product portfolio.
The company has maintained a positive track record in offering its customers, pre-eminent products and services in all dimensions.
As a technology-focused Electronics manufacturing Services (EMS) company, it aims at continuously evolving innovations whether in the goods or the processes.
The objectives of the IPO proposed by the technology-based engineering and Design Company is to expand its manufacturing capacity and to invest in Research and Development and to urge funds to maintain its long term working capital requirements.
Syrma SGS Technology Financial Statements
| Amount (in INR & Million) | ||||
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Assets | 4,945.31 | 4,600.08 | 3,466.95 | 2,864.16 |
| Revenue | 1,352.72 | 4,444.80 | 4,048.82 | 3,573.95 |
| Expense | 1,266.58 | 4,081.44 | 3,470.52 | 3,300.98 |
| Profit After Tax | 55.57 | 286.15 | 438.80 | 209.67 |
The profits of Syrma SGS Technology Limited for the financial year 2019, 2020 and 2021 were Rs. 20.97 crores, Rs. 43.88 crores and Rs. 28.61 crores respectively.
The company evidenced a dive in the EPS from Rs. 6.19 in the financial year 2020 to Rs. 3.32 in the financial year 2021.
The entity is expanding its vision and its capacity and can foresee future growth.
| Earnings per Equity Share (in Million) | ||||
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 0.64 | 3.32 | 6.19 | 2.96 |
Syrma SGS Technology IPO Review
With its ever evolving and expanding magnitude, Syrma SGS Technology Limited is operating through its manufacturing facilities located in 11 locations of the country.
The company offers its products and services worldwide and which gives it international recognition.
The net proceeds of the issue will be utilizes towards fulfilling the capital expenditure requirements for development. To enhance R&D facilities and to implement its expansion of manufacturing facilities.
The IPO will help Syrma SGS Technology Limited to maintain its sustained operations in the market.
Syrma SGS Technology IPO Details
Here are few more details you need to know before investing in this IPO –
Syrma SGS Technology IPO Issue Object
The Syrma SGS Technology has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Funding capital expenditure requirements for development of a R&D facility and expansion / setting up of manufacturing facilities
- Funding our long term working capital requirements
- General corporate purposes.
Syrma SGS Technology IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- one of the leading design and electronic manufacturing services companies in terms of revenue in Fiscal 2021, driven by our focus on quality and customer relationships;
- consistent track record of financial performance;
- diversified and continuously evolving and expanding product portfolio and service offerings catering to customers across various industries, backed by strong R&D capabilities;
- established relationships with marquee customers across various countries;
- state-of-the-art manufacturing capabilities supported by a global supplier network, with a focus on vertical integration; and
- experienced promoters supported with senior management team with proven track record of performance.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 3.32 | 16.92 | 27.61 |
| 31-Mar-20 | 6.19 | 55.81 | – |
| Mar-19 | 2.96 | 45.45 | – |
Syrma SGS Technology IPO Lead Managers
Here are the list of Lead managers –
- DAM Capital Advisors Limited
- ICICI Securities Limited
- IIFL Securities Limited
Syrma SGS Technology IPO Registrar to offer
Check out the details of registrar here –
Link Intime India Private Limited
C 101, 247 Park L.B.S. Marg
Vikhroli (West), Mumbai 400 083 Maharashtra, India
Telephone: +91 22 4918 6200
E-mail: syrma.ipo@linkintime.co.in
Investor grievance e-mail: syrma.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
Syrma SGS Technology IPO – Other Details
- Statutory Auditor – Deloitte Haskins & Sells LLP
- Legal Counsel to the Company – Khaitan & Co
- Bankers to the Company – Citibank NA, HDFC Bank Limited, DBS Bank India Limited and The Hongkong and Shanghai Banking
Corporation Limited
Syrma SGS Technology IPO – Conclusion
The Investors can considering investing in the Syrma SGS Technology Limited IPO. It is a promising and has worldwide reach. The growth and success of the company will largely depend on its innovations and efficiency.
Though, the EPS has shown a down slope but might reflect some positive response in the near future.
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Syrma SGS Technology IPO Review FAQs
Check out the FAQs on Syrma SGS Technology IPO –
What is the Issue Size of Syrma SGS Technology IPO?
The Company is making an initial public offer of 3,369,360 equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Syrma SGS Technology IPO?
The price band for this particular IPO ranges between Rs. 209 – Rs. 220. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Syrma SGS Technology IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 12, 2022, while the closing date is set at Aug 18, 2022.
What is the Syrma Technology IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on Aug 24, 2022, refund initiation is on Aug 24, 2022, credit of shares is on Aug 25, 2022, and share listing date is on Aug 26, 2022.
What is the Syrma SGS Technology IPO Listing Date?
Shares of this company shall be listed in the exchanges Aug 26, 2022. The date, when the listing would be done, is stagnant on Aug 26, 2022.
Who is the Registrar of Syrma Technology IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Syrma SGS Technology IPO?
Here are the promoters of this IPO – SANDEEP TANDON, JASBIR SINGH GUJRAL, VEENA KUMARI TANDON AND TANCOM ELECTRONICS PRIVATE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Syrma Technology IPO?
They have obtained the GMP of this IPO and it is Rs.55. Further insights of Kostak rate Rs.600 and subject to sauda Rs.3000 or SS are as well included in this report.
Is Syrma Technology IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Syrma SGS Technology Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 286.15, 2020 is 438.80, 2019 is 209.67. PAT from June 2021 is 55.57.
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