Syrma SGS Technology Ltd
Mainboard₹14,960 / 68 Shares
Syrma SGS Technology Ltd IPO Details
The Syrma SGS Technology Ltd IPO price band is set between ₹209-220 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 12 Aug, 2022 and closes on 18 Aug, 2022. Investors can check the allotment status on 23 Aug, 2022, while the listing date is tentatively scheduled for 26 Aug, 2022.
The total issue size is Approx 840 Crores : Fresh Issue ₹760 Cr + Offer for Sale: 3,369,360 shares of ₹10 , aggregating up to ₹[.] Cr. Stay tuned for the latest Syrma SGS Technology Ltd IPO review and GMP updates.
Syrma SGS Technology Ltd IPO Review, Rating & Analysis
Syrma SGS Technology Ltd IPO Review
NO REVIEWSyrma SGS Technology Ltd IPO Rating
Syrma SGS Technology Ltd IPO Highlights
IPO Date
Aug 12, 2022 - Aug 18, 2022
Listing Date
26 Aug, 2022
Face Value
₹10 Per Equity Share
Price Band
₹209-220 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Syrma SGS Technology Ltd IPO Lot Size
The minimum market lot for Syrma SGS Technology Ltd IPO is 68 shares with an application amount of ₹14,960. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 68 | ₹14,960 |
| Retail (Max) | 13 | 884 | ₹1,94,480 |
| S-HNI (Min) | 14 | 952 | ₹2,09,440 |
| S-HNI (Max) | 66 | 4488 | ₹9,87,360 |
| B-HNI (Min) | 67 | 4556 | ₹10,02,320 |
Syrma SGS Technology Ltd IPO Timeline
Issue Price
₹209-220 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd),ICICI Securities Limited,IIFL Securities LtdIssue Size
Approx 840 Crores : Fresh Issue ₹760 Cr + Offer for Sale: 3,369,360 shares of ₹10 (aggregating up to ₹[.] Cr)Syrma SGS Technology Ltd IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 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 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Sandeep Tandon
- Jasbir Singh Gujral
- Veena Kumari Tandon
- Tancom Electronics Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 58.78% | N/A% |
About Company
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.
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.
Syrma SGS Technology Ltd IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 8,553,777 | 6,003,012 | 14,007,027 | 28,563,816 |
Day 1 -12-08-22 05:00 PM | 0.00 x | 0.13 | 0.69 x | 0.37 x |
Day 2 -16-08-22 05:00 PM | 0.00 x | 0.71 | 1.51 x | 0.89 x |
Day 3 -17-08-22 05:00 PM | 0.71 x | 3.58 | 2.66 x | 2.27 x |
Day 4 -18-08-22 05:00 PM | 87.56 x | 17.50 | 5.53 x | 32.61 x |
Frequently Asked Questions about Syrma SGS Technology Ltd IPO
When will Syrma SGS Technology Ltd IPO open for subscription?
The Syrma SGS Technology Ltd IPO opens on 12 Aug, 2022 and closes on 18 Aug, 2022.
What is the investors portion for Syrma SGS Technology Ltd IPO?
The investors' portion for QIB is 87.56 x, NII is 17.50, and Retail is 5.53 x.
How to apply for Syrma SGS Technology Ltd IPO?
You can apply for Syrma SGS Technology Ltd IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Syrma SGS Technology Ltd IPO?
The issue size of Syrma SGS Technology Ltd IPO is approx ₹Approx 840 Crores : Fresh Issue ₹760 Cr + Offer for Sale: 3,369,360 shares of ₹10 (aggregating up to ₹[.] Cr) crores.
What is the price band of Syrma SGS Technology Ltd IPO?
The price band for Syrma SGS Technology Ltd IPO is ₹209 to ₹220 per equity share.
What is the lot size of Syrma SGS Technology Ltd IPO?
The minimum bid (lot size) for Syrma SGS Technology Ltd IPO is N/A shares with an investment of approx ₹14,960 .
What is the allotment date of Syrma SGS Technology Ltd IPO?
The allotment date for Syrma SGS Technology Ltd IPO is 23 Aug, 2022.
What is the listing date of Syrma SGS Technology Ltd IPO?
The listing date for Syrma SGS Technology Ltd IPO is expected to be 26 Aug, 2022.
What is the GMP of Syrma SGS Technology Ltd IPO?
The latest Grey Market Premium (GMP) for Syrma SGS Technology Ltd IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.