Bookbuilding IPO | ₹840 Cr | Listed at BSE, NSE | Fri, Aug 12, 2022 - Thu, Aug 18, 2022
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 per share. The lot size for an application is 68. The minimum amount of investment required by an retail is ₹14,960 (68 shares) (based on upper price). 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 Open
Fri, Aug 12, 2022
IPO Close
Thu, Aug 18, 2022
Issue Price
₹220 per share
Market Cap (Pre-IPO)
₹3,877.04 Cr
| IPO Date | 12 to 18 Aug, 2022 |
| Listed on | Fri, Aug 26, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹209 to ₹220 |
| Issue Price | ₹220 per share |
| Lot Size | 68 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,81,87,541 shares (agg. up to ₹840 Cr) |
| Fresh Issue | 3,48,18,181 shares (agg. up to ₹766 Cr) |
| Offer for Sale | 33,69,360 shares of ₹10 (agg. up to ₹74 Cr) |
| Share Holding Pre Issue | 14,14,10,956 shares |
| Share Holding Post Issue | 17,62,29,137 shares |
| BSE Script Code / NSE Symbol | 543573 / SYRMA |
| ISIN | INE0DYJ01015 |
Syrma SGS Technology 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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 68 shares and in multiples thereof.
| 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 |
Syrma SGS Technology IPO raises ₹252.04 crore from anchor investors. Syrma SGS Technology IPO Anchor bid date is August 11, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Aug 11, 2022 |
| Shares Offered | 1,14,56,261 |
| Anchor Portion (₹ Cr.) | 252.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Sep 22, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Nov 21, 2022 |
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 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 460.01 | 346.70 | 286.42 |
| Total Income | 444.48 | 404.88 | 357.40 |
| Profit After Tax | 28.62 | 43.88 | 20.97 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements for development of a R&D facility and expansion / setting up of manufacturing facilities | 571.22 |
| 2 | Funding the working capital requirements | 131.58 |
| 3 | General corporate purposes |
| KPI | |
|---|---|
| ROE | 7.83 |
| ROCE | 18.39 |
| Debt/Equity | 0.24 |
| RoNW | 7.83 |
| PAT Margin | 6.00% |
| EBITDA Margin | 10.02% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.69 | |
| P/E (x) | 50.69 | |
| Market Cap | ₹3,877.04 Cr. |
The Syrma IPO is subscribed 32.61 times on August 18, 2022 5:00:00 PM (Day 4). The public issue subscribed 5.53 times in the retail category, 87.56 times in the QIB category, and 17.5 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 87.56 | 85,53,777 | 74,89,86,612 |
| NII | 17.5 | 60,03,012 | 10,50,52,996 |
| bNII (bids above ₹10L) | 19.01 | 40,02,008 | 7,60,93,972 |
| sNII (bids below ₹10L) | 14.47 | 20,01,004 | 2,89,59,024 |
| Retail | 5.53 | 1,40,07,027 | 7,74,44,928 |
| Total | 32.61 | 2,85,63,816 | 93,14,84,536 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 18.63 |
| 2 | Selling commission payable to SCSBs for Bids directly procured by them and processing fees payable to SCSBs for Bids (other than Bids submitted by UPI Bidders using the UPI Mechanism) procured by the Members of the Syndicate, the Registered Brokers, CRTAs or CDPs and submitted to SCSBs for blocking, Bankers to the Offer, fees payable to the Sponsor Bank for Bids made by UPI Bidders | |
| 3 | Selling commission and uploading charges payable to Members of the Syndicate (including their Sub-Syndicate Members), RTAs, CDPs and Registered Brokers | 3.65 |
| 4 | Fees payable to Registrar to the Offer | 0.17 |
| 5 | Advertising and marketing expense | 5.65 |
| 6 | Printing & Stationery expenses | 1.53 |
| 7 | Listing fees, SEBI fees, BSE and NSE processing fees, book-building software fees, and other regulatory expenses | 3.52 |
| 8 | Fees payable to legal counsels | 2.83 |
| 9 | Fees payable to auditors, chartered accountants and company secretaries | 6.29 |
| 10 | Fees payable to industry expert | 0.25 |
| 11 | Fees payable for Project Reports | 0.05 |
| 12 | Miscellaneous | 1.14 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹220.00 | ₹220.00 |
| Open | ₹262.00 | ₹260.00 |
| Low | ₹257.00 | ₹256.40 |
| High | ₹314.40 | ₹312.00 |
| Last Trade | ₹313.05 | ₹310.50 |
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 Crores. The issue is priced at ₹220 per share. The minimum order quantity is 68.
The IPO opens on Fri, Aug 12, 2022, and closes on Thu, Aug 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 Fri, Aug 12, 2022 and closes on Thu, Aug 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 Thu, Aug 25, 2022. Check the Syrma SGS Technology IPO allotment status.
The Syrma SGS Technology IPO listing date is on Fri, Aug 26, 2022.
