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Let’s have a detailed review of the company and analytics of the Syrma SGS Technology IPO release date, IPO offer price, subscription, Syrma SGS IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs 9260 Million
IPO SizeRs Million
Tick Size1

Syrma SGS Technology IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Syrma SGS Technology IPO – Summary

Syrma SGS Technology IPOThey are a technology-focused engineering and design company engaged in turnkey electronics manufacturing services (“EMS”), specializing in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products, and IT industries. According to the F&S Report, among the large bouquet of EMS players in India, they are one of the fastest-growing Indian-headquartered ESDM companies.

Their Company has a track record of technical innovation which involves working with the engineering teams of their marquee customers, and over the years, they have evolved to provide integrated services and solutions to OEMs, from the initial product concept stage to volume production through concept co-creation and product realization.

The Promoter of this company is SANDEEP TANDON, JASBIR SINGH GUJRAL, VEENA KUMARI TANDON, AND TANCOM ELECTRONICS PRIVATE LIMITED. The lead manager to the issue is DAM Capital Advisors Limited, ICICI Securities Limited, and IIFL Securities Limited, and the Registrar to this issue is Link Intime India Private Limited.


Syrma SGS Technology IPO Date

The opening and the closing date of Syrma SGS Technology IPO are not available yet.

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Syrma SGS Technology IPO GMP
Allotment – Syrma SGS Technology IPO

Syrma SGS Technology IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

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  • Syrma SGS Technology IPO LIVE Bid details on BSE
  • Syrma SGS Technology IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Syrma SGS Technology IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Syrma SGS Technology Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Syrma SGS Technology IPO Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


Syrma SGS Technology IPO Size

This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Syrma SGS Technology IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million


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    Syrma SGS Technology IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Syrma SGS Technology Share Price

    Syrma SGS Technology IPO Grey Market Premium

    The Syrma SGS Technology Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Syrma SGS Technology IPO – Company Overview

    Their manufacturing infrastructure enables them to undertake a high mix of products with flexible production volume requirements. They are leaders in high-mix low volume product management and are present in most industrial verticals.

    Further, they are one of the leading PCBA manufacturers in India, supplying to various OEMs and assemblers in the market. Their Company is also amongst the top key global manufacturers of custom RFID tags.

    They leverage their various strengths such as global sourcing capabilities and long-standing relationships with their vendors to consolidate and bring down the cost of raw materials and components and explore alternative components, vendors, materials, and processes to reduce product cost and bring products faster to market.

    Their concept co-creation initiative enables them to design products for their customers from the ideation/concept phase that they initiate and give them the preliminary prototypes for their testing and trials.


    Syrma SGS Technology IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-Jun-2131-Mar-21Mar-2031-Mar-19
    Total Assets4,945.314,600.083,466.952,864.16
    *Total Revenue1,352.724,444.804,048.823,573.95
    Total Expense1,266.584,081.443,470.523,300.98
    Profit After Tax55.57286.15438.80209.67

    Earnings per Equity Share (in Million)

    30-Jun-2131-Mar-21Mar-2031-Mar-19
    Basic & Diluted0.643.326.192.96

     

    Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 286.15 Million, Rs. 438.80 Million, and Rs. 209.67 Million respectively.


    Syrma SGS Technology IPO – Promoters

    The Promoter of this company is:

    1. SANDEEP TANDON,
    2. JASBIR SINGH GUJRAL,
    3. VEENA KUMARI TANDON
    4. TANCOM ELECTRONICS PRIVATE LIMITED

    List of Related Parties (Key Managerial Personnel)

    • Sandeep Tandon, Executive Chairman
    • Jasbir Singh Gujral, Managing Director
    • Jaideep Tandon, Non-Executive Director
    • Jayesh Doshi, Non-Executive Director
    • Sridhar Narayan, Non-Executive Director
    • Kunal Shah, Independent Director

    Syrma Technology IPO – Promoters Holding

    • Pre Issue Share Holding – %
    • Pos Issue Share Holding – %

    Syrma SGS Technology IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to X Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue137,617,853 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Syrma SGS Technology IPO Issue Object

    Their Company proposes to utilize the Net Proceeds 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 their long term working capital requirements
    3. General corporate purposes.

    Syrma Technology IPO – Business Strategy

    • Solidify and strengthen their core competencies of technology innovation
    • Pursue inorganic growth through strategic acquisitions
    • Expand their customer base and geographic reach
    • Increase their wallet share from existing customers
    • Cater to more end-use industries

    Syrma 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 their 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 a senior management team with a proven track record of performance

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-213.3216.9227.61
    31-Mar-206.1955.81
    Mar-192.9645.45

    Syrma SGS IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Syrma SGS Technology Limited10[●]3.7218.744,444.80
    Listed Peers
    Dixon Technologies Limited 2201.9627.4924.9964,497.48
    Amber Enterprises India Limited10131.0224.965.9430,636.20

    Syrma IPO Lead Managers

    Lead Managers

    DAM Capital Advisors Limited

    ICICI Securities Limited

    IIFL Securities Limited

    Syrma IPO Registrar to offer

    Registrar to the Offer
    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 IPO – Other Details

    • Statutory Auditor – Deloitte Haskins & Sells LLP, Chartered Accountants
    • Legal Counsel to the Company – Khaitan & Co
    • Bankers to the Company –  Citibank NA, DBS Bank India Limited, HDFC Bank Limited, and The Hongkong and Shanghai Banking Corporation Limited 


    Syrma SGS IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Syrma SGS Technology Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Syrma SGS Technology IPO Review FAQs

      What is the Issue Size of Syrma IPO?

      The Company is making an initial public offer of NA 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 NA. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Syrma SGS IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

      What is the Syrma SGS IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      What is the Syrma SGS Technology IPO Listing Date?

      Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Who is the Registrar of Syrma SGS 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 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 SGS IPO?

      They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Syrma SGS Tech 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?

      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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