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Syrma SGS Technology IPO Details: Syrma SGS Technology IPO: What You Need to Know

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Engineering and design firm Syrma SGS Technology’s Rs 840 crore initial public offering (IPO) went on the public market on Friday 12th August. Here are some important things to know about this issue:

  1. When will the IPO of Syrma SGS Technology be available for application?
    Syrma SGS Technology’s IPO opens on Friday, August 12th.
  2. When will the IPO of Syrma SGS Technology close?
    Syrma SGS Technology’s IPO closes on Thursday, August 18th.
  3. What is the price range of Syrma SGS Technology?
    The price range of Syrma SGS Technology IPO is pegged at Rs 209-220 per share.
  4. What is the issue size of Syrma SGS Technology’s IPO?
    The issue consists of the issuance of new shares worth Rs 766 crore while existing shareholders and promoters will sell 33,69,360 shares worth Rs 7.4 crore. This issue totals Rs 8.4 crore.
  5. What is the lot size of Syrma SGS Technology’s IPO?
    Investors can bet on 68 shares or multiples thereof to participate in the IPO of Syrma SGS Technology. At the high end of the price range, 1 lot of the IPO is worth Rs 14,960. Retail bidders can bid on up to 13 lots.
  6. What is the business profile of Syrma SGS Technology?
    Established in 2004, Syrma SGS Technology is a Chennai based engineering and design company engaged in Electronics Manufacturing Services (EMS).

    The company provides original equipment manufacturers (OEMs) with integrated services and solutions from the early stages of product concept, through concept co-creation and product realization, through to volume production.

  7. How big is Syrma SGS Technology’s network?
    The company operates 11 manufacturing facilities in Northern India, including Himachal Pradesh, Haryana and Uttar Pradesh. South India, including Tamil Nadu and Karnataka.

    Our manufacturing facilities in Tamil Nadu are located in special economic zones. The manufacturing facility in Haryana has been established under the Electronic Hardware Technology Park scheme. This allows the company to receive preferential tax treatment.

    The company has three dedicated R&D facilities, two in Chennai and Gurgaon and one in Stuttgart, Germany. EMS is a high profit, low margin business.

  8. What is the quota reserved for retail investors in the IPO of Silma SGS Technology?
    The quota for the Syrma SGS Technology IPO for retail investors is fixed at 35% of the net offer. QIB has a fixed quota of 50%, while NII has a reserved quota of 15%.
  9. When will the IPO allocation criteria for Syrma SGS Technology be finalized?
    A final decision on the basis of the allocation will likely be made by August 23rd, with reimbursement beginning by August 24th. On the other hand, the stock credit to the demat account could be done by August 25th.
  10. When will the Silma SGS Technology IPO go public?
    Syrma SGS Technology is scheduled to make its market debut on Friday, August 26th.
  11. How to check the IPO allocation status of Sirma SGS Technology?
    Bidders on the issue can check their subscription status on the online portal of Link Intime India India, the registrar of the IPO.
  12. Who are the main bookkeepers on this issue?
    DAM Capital Advisors and lead manager on this matter.
  13. What was Syrma SGS Technology’s performance last year?
    The company posted revenue growth of 43% at Rs 1,267 crore in its fiscal year 22 compared to the year ending March 2021. The company’s net profit increased by 17% to He Rs 7.646 billion in March 2022.