Syrma SGS Technology Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 19,093,769 (50%) | — | ₹42,006 Cr |
| NII (HNI) | — | 5,728,132 (15%) | — | ₹12,602 Cr |
| Retail | — | 13,365,640 (35%) | — | ₹29,404 Cr |
| Σ Total | — | 38,187,541 (100%) | — | ₹840,126 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 68 | ₹14,960 |
| Retail (Max) | 13 | 884 | ₹194,480 |
| S-HNI (Min) | 14 | 952 | ₹209,440 |
| B-HNI (Min) | 67 | 4,556 | ₹1,002,320 |
Financial Statements Amount in Crore
| Metric | 31-Mar-19 | 31-Mar-20 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 357 | 405 | 444 |
| Profit After Tax | 21 | 44 | 29 |
| Total Assets | 286 | 347 | 460 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding capital expenditure requirements for the development of an R&D facility and expansion / setting up of manufacturing facilities. –
- Funding long-term working capital requirements. –
- General corporate purposes. –
Company 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.