Syrma Sgs Technology Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Syrma SGS Tech.

CMP

465.80

-0.65 (-0.14%)

  • DRHP
₹220

Offer Price

₹ 840.13 Cr

Issue Size

₹ 14,960

Min Investment

15.59x

Times Subscribed

68

Lot size

Time Line

  • 12
    Aug 2022
    Open
  • 18
    Aug 2022
    Close
  • 23
    Aug 2022
    Finalisation of Basis of Allotment
  • 24
    Aug 2022
    Initiation of Refunds
  • 25
    Aug 2022
    Transfer of Shares to Demat Account
  • 26
    Aug 2022
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Solidify and strengthen its core competitiveness of technology innovation

  • Pursue inorganic growth through strategic acquisitions

  • Expand its customer base and geographic reach

  • Increase its wallet share from existing customers

  • Cater to more end-use industries

Products & Services

  • The Company is a technology-focussed engineering and design company engaged in turnkey electronics manufacturing services, specialising in precision manufacturing for diverse end-use industries.

Strengths

  • one of the leading design and electronic manufacturing services companies in terms of revenue in Fiscal 2021, driven by its focus on quality and customer relationships;

  • consistent track record of financial performance;

  • diversified and continuously evolving and expanding product portfolio and service offerings catering to customers across various industries, backed by strong R&D capabilities;

  • established relationships with marquee customers across various countries;

  • state-of-the-art manufacturing capabilities supported by a global supplier network, with a focus on vertical integration;

Company Promoters

Promoters Holding

Issue For IPO
57.12%
Pre Holding

57.12%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2022 Mar-2023 3-Yr trend
Revenue 2,048.39 (100.90%) 13.58 (-) 7.98 (-41.20%)
Gross Profit 2,048.39 (100.90%) 13.58 (-) 7.98 (-41.20%)
Net Income 2,048.39 (100.90%) 13.58 (-) 7.98 (-41.20%)
Assets 2,048.39 (100.90%) 13.58 (-) 7.98 (-41.20%)
Liabilities 2,048.39 (100.90%) 13.58 (-) 7.98 (-41.20%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Syrma SGS Technology Ltd 1,019.72 55.54 811.45 239.39 13.58 4.04 41.57 1.94 0.27
Dixon Technologies (India) Ltd 10,697.08 190.17 4,277.17 4,277.17 19.07 32.00 168.04 4.44 0.46
Amber Enterprises India Ltd 4,206.40 109.19 4,912.46 4,912.46 6.29 32.41 526.17 2.22 0.59

Book Running Managers

  • Dam Capital Advisors Ltd
  • ICICI Securities Ltd
  • IIFL Securities Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Unit No 601 6th Floor,
Flora Deck Plaza Andheri(East),
Mumbai - 400093
Phone : 91-22-40363000 Email : compliance@syrmasgs.com www.syrmasgs.com

Offer Related Information

Initial public offering of 38,187,541* equity shares of face value of Rs. 10 each ("Equity Shares") of the company ("The Company" or the "Issuer") for cash at a price of Rs. 220 per equity share (including a premium of Rs. 210 per equity share) ("Offer Price") aggregating to Rs. 840.13 crores*. The offer comprises of a fresh issue of 34,818,181* equity shares aggregating to Rs. 766.00 crores ("Fresh Issue") and an offer for sale of 3,369,360 equity shares by Veena Kumari Tandon (the "Selling... More

News

  • 19 Aug 2022, 17:42 PM

    Syrma SGS Tech IPO subscribed 32.61 times

  • 16 Aug 2022, 18:11 PM

    Syrma SGS Tech IPO subscribed 92%

  • 12 Aug 2022, 18:00 PM

    Syrma SGS Tech IPO subscribed 37%

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