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Syrma SGS Technology IPO is a book build issue of ₹840.13 crores. The issue is a combination of fresh issue of 3.48 crore shares aggregating to ₹766.00 crores and offer for sale of 0.34 crore shares aggregating to ₹74.13 crores.
Syrma SGS Technology IPO bidding started from Aug 12, 2022 and ended on Aug 18, 2022. The allotment for Syrma SGS Technology IPO was finalized on Aug 23, 2022. The shares got listed on BSE, NSE on Aug 26, 2022.
Syrma SGS Technology IPO price band is set at ₹220.00 per share . The lot size for an application is 68. The minimum amount of investment required by an retail is ₹14,212 (68 shares). The lot size investment for sNII is 14 lots (952 shares), amounting to ₹2,09,440, and for bNII, it is 67 lots (4,556 shares), amounting to ₹10,02,320.
Dam Capital Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Syrma SGS Technology IPO RHP for detailed Information.
| IPO Date | August 12, 2022 to August 18, 2022 |
| Listing Date | August 26, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹209 to ₹220 per share |
| Issue Price Final | ₹220 per share |
| Lot Size | 68 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,81,87,541 shares (aggregating up to ₹840.13 Cr) |
| Fresh Issue | 3,48,18,181 shares (aggregating up to ₹766.00 Cr) |
| Offer for Sale | 33,69,360 shares of ₹10 (aggregating up to ₹74.13 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 14,14,10,956 shares |
| Share Holding Post Issue | 17,62,29,137 shares |
Syrma IPO offers total 3,81,87,541 shares. Out of which 1,90,93,769 (50.00%) allocated to QIB, 76,37,508 (20.00%) allocated to QIB, 57,28,132 (15.00%) allocated to NII, 1,33,65,640 (35.00%) allocated to RII and 1,14,56,261 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,90,93,769 (50.00%) | NA |
| − Anchor Investor Shares Offered | 1,14,56,261 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 76,37,508 (20.00%) | NA |
| NII (HNI) Shares Offered | 57,28,132 (15.00%) | NA |
| − bNII > ₹10L | 38,18,755 (10.00%) | 4,011 |
| − sNII < ₹10L | 19,09,377 (5.00%) | 2,005 |
| Retail Shares Offered | 1,33,65,640 (35.00%) | 1,96,553 |
| Total Shares Offered | 3,81,87,541 (100.00%) |
Syrma SGS Technology IPO raises ₹252.04 crore from anchor investors. Syrma SGS Technology IPO Anchor bid date is August 11, 2022. Syrma SGS Technology IPO Anchor Investors list
| Bid Date | August 11, 2022 |
| Shares Offered | 1,14,56,261 |
| Anchor Portion Size (In Cr.) | 252.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 22, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 21, 2022 |
Syrma SGS Technology IPO opens on August 12, 2022, and closes on August 18, 2022.
| IPO Open Date | Fri, Aug 12, 2022 |
| IPO Close Date | Thu, Aug 18, 2022 |
| Tentative Allotment | Tue, Aug 23, 2022 |
| Initiation of Refunds | Wed, Aug 24, 2022 |
| Credit of Shares to Demat | Thu, Aug 25, 2022 |
| Tentative Listing Date | Fri, Aug 26, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 18, 2022 |
Investors can bid for a minimum of 68 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 | 4,488 | ₹9,87,360 |
| B-HNI (Min) | 67 | 4,556 | ₹10,02,320 |
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
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.
| Period Ended | 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 |
| Amount in ₹ Crore | |||
The market capitalization of Syrma SGS Technology IPO is ₹3877.04 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 50.69 |
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company did a pre-IPO placement at Rs. 290 a few months back and now it is coming with IPO at Rs. 220 (at the upper cap). This really augurs well for this IPO, but based on its financial data and earnings, the issue is priced at a P/E of 50+ even at lower IPO pricing. The company is focusing on a high-margin product portfolio. The segment in which SSTL is operating is also poised for bright prospects ahead. Hence investors may consider an investment with medium to long-term perspectives. Read detail review...
| Listing Date | August 26, 2022 |
| BSE Script Code | 543573 |
| NSE Symbol | SYRMA |
| ISIN | INE0DYJ01015 |
| Final Issue Price | ₹220 per share |
| BSE Listing Group | B |
Syrma SGS Technology Ltd.
Plot B27, Phase II, Zone B,
MEPZ-SEZ, Sanatorium, Tambaram,
Chennai 600 045
Chennai, Tamil Nadu
Phone: 022 40363000
Email: compliance@syrmasgs.com
Website: https://syrmasgs.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: syrma.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Syrma SGS Technology IPO is a main-board IPO of 3,81,87,541 equity shares of the face value of ₹10 aggregating up to ₹840.13 Crores. The issue is priced at ₹220 per share. The minimum order quantity is 68.
The IPO opens on August 12, 2022, and closes on August 18, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Syrma SGS Technology IPO using UPI as a payment gateway. Zerodha customers can apply in Syrma SGS Technology IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Syrma SGS Technology IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Syrma SGS Technology IPO opens on August 12, 2022 and closes on August 18, 2022.
Syrma SGS Technology IPO lot size is 68, and the minimum amount required for application is ₹14,960.
You can apply in Syrma SGS Technology IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Syrma SGS Technology IPO will be done on Tuesday, August 23, 2022, and the allotted shares will be credited to your demat account by Thursday, August 25, 2022. Check the Syrma SGS Technology IPO allotment status.
The Syrma SGS Technology IPO listing date is on Friday, August 26, 2022.
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