IPO -Syrma SGS Technology Limited

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Syrma SGS Technology Limited IPO Details

Business Overview:

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

  • Printed circuit board assemblies (PCBA)
  • Radio frequency identification (RFID) products
  • Electromagnetic and electromechanical parts
  • Motherboards
  • Memory products - DRAM modules, solid state, and USB drives.

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.

Company Financials

Summary of financial Information (Restated Consolidated)

Particulars

For the year/period ended (₹ in million)

 

30-Sept-20

31-Mar-20

31-Mar-19


Total Assets

286.42

346.7

460.01


Total Revenue

357.4

404.88

444.48


Profit After Tax

20.97

43.88

28.62


IPO Details

Issue Type

Book Built Issue IPO

Face Value

₹10 per equity share

IPO Price

₹209 to ₹220 per equity share

Market Lot

68 Shares

Min Order Quantity

68 Shares

Listing At

BSE, NSE

Issue Size

[.] Eq Shares of ₹10 (aggregating up to ₹840.00 Cr)

Fresh Issue

[.] Eq Shares of ₹10 (aggregating up to ₹766.00 Cr)



IPO Open Date

AUG 12, 2022

IPO Close Date

AUG 18, 2022

Basis of Allotment Date

AUG 23, 2022

Initiation of Refunds

AUG 24, 2022

Credit of Shares to Demat Account

AUG 25, 2022

IPO Listing Date

AUG 26, 2022

IPO Bid Details:

BID LOT

68

136

204

272

340

408

476

AMOUNT

14,960

29,920

44,880

59,840

74,800

89,760

104,720

BID LOT

544

612

680

748

816

884

AMOUNT

119,680

134,640

149,600

164,560

179,520

194,480