Last updated on November 23, 2023
Syrma SGS IPO description – The company is engaged in turnkey electronics manufacturing services (EMS), specialising in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.
Syrma SGS is a technology-focussed engineering and design player and is one of the fastest growing Indian-headquartered ESDM companies. The company works closely with the engineering teams of marquee customers, and over the years, it has evolved to provide integrated services and solutions to OEMs, from the initial product concept stage to volume production through concept co-creation and product realization. The company is a leader in high mix low volume product management and is present in most industrial verticals.
It is one of the leading PCBA manufacturers in India, supplying to various OEMs and assemblers in the market. The company is also amongst the top key global manufacturers of custom RFID tags
Syrma’s current product portfolio may be categorised as follows:
- Printed circuit board assemblies (PCBA): PCBAs are used in products manufactured in the automotive, medical, industrial, IT and consumer products industries
- Radio frequency identification (RFID): RFID products are used in products manufactured in the shipping, healthcare, manufacturing, retail and fintech industries
- Electromagnetic and electromechanical parts: These include magnetic products like chokes, inductors, magnetic filters, transformer as well as high volume manufacturing assemblies
- Other products: These include motherboards, DRAM modules, solid state drives, USB drives and other memory products
Promoters of Syrma SGS – Sandeep Tandon, Jasbir Singh Gujral, Veena Kumari Tandon and Tancom Electronics Private Limited
Syrma SGS IPO Details
| Subscription Dates | 12 – 18 August 2022 |
| Price Band | INR209 – 220 per share |
| Fresh issue | INR766 crore |
| Offer For Sale | 3,369,360 shares (INR70.42 – 74.13 crore) |
| Total IPO size | INR836.42 – 840.13 crore |
| Minimum bid (lot size) | 68 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Syrma SGS Financial Performance
| Â | FY2019 | FY2020 | FY2021 | FY2022 |
| Revenue | 357.4 | 404.9 | 444.5 | 1,032.4 |
| Expenses | 330.1 | 347.1 | 408.1 | 951.5 |
| Net income | 20.5 | 44.2 | 32.0 | 56.5 |
| Margin (%) | 5.7 | 10.9 | 7.2 | 5.5 |
Syrma SGS IPO News
Syrma SGS Valuations & Margins
| FY2020 | FY2021 | FY2022 | |
| EPS | 6.42 | 4.58 | 5.17 |
| PE ratio | – | – | 40.42 – 42.55 |
| RONW (%) | 22.14 | 13.09 | 13.58 |
| ROCE (%) | 27.9 | 18.4 | 19.1 |
| EBITDA (%) | 16.8 | 13.2 | 11.3 |
| Debt/Equity | 0.25 | 0.17 | 0.33 |
| NAV | – | – | 42.36 |
Syrma SGS IPO GMP Daily Trend
| Date | Syrma SGS IPO GMP | Kostak | Subject to Sauda |
| 25 Aug 2022 | 50 | 600 | 2,000 |
| 24 Aug 2022 | 50 | 600 | 2,000 |
| 23 Aug 2022 | 50 | 600 | 2,500 |
| 22 Aug 2022 | 50 | 600 | 2,800 |
| 20 Aug 2022 | 40 | 500 | 2,200 |
| 19 Aug 2022 | 30 | 400 | 2,000 |
| 18 Aug 2022 | 35 | 400 | 2,000 |
| 17 Aug 2022 | 35 | 450 | 2,000 |
| 16 Aug 2022 | 35 | 450 | 2,000 |
| 15 Aug 2022 | 30 | 400 | 1,800 |
| 13 Aug 2022 | 30 | 400 | 1,200 |
| 12 Aug 2022 | 20 | 300 | 1,000 |
| 10 Aug 2022 | 20 | 300 | 800 |
| 9 Aug 2022 | 30 | 400 | 1,000 |
| 8 Aug 2022 | 30 | 400 | – |
| 6 Aug 2022 | 40 | 450 | – |
Syrma SGS IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 | Day 4 |
| QIB | 85,53,777 | 0.00 | 0.00 | 0.71 | 87.56 |
| NII | 60,03,012 | 0.13 | 0.74 | 3.58 | 17.50 |
| Retail | 1,40,07,027 | 0.69 | 1.55 | 2.66 | 5.53 |
| Total | 2,85,63,816 | 0.37 | 0.92 | 2.27 | 32.61 |
Syrma SGS IPO Reviews – Subscribe or Avoid?
Angel One – Neutral
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta – Subscribe for listing gains
BP Wealth –
Canara Bank Securities – Subscribe
Choice Broking – Subscribe with caution
Elite Wealth –
Geojit – Subscribe
GEPL Capital –
Hem Securities – Subscribe
ICICIdirect –
KR Choksey – Subscribe
Marwadi Financial Services –
Motilal Oswal –
Nirmal Bang –
Religare Broking –
Samco Securities – Subscribe with caution
SMC Global – 2/5
Ventura Securities – Subscribe
Syrma SGS Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +91 22 4918 6200Â
Email:Â [email protected]
Website:Â www.linkintime.co.in
Syrma SGS Contact Details
Syrma SGS Technology Limited
Plot B27, Phase II,
Zone B, MEPZ-SEZ,
Sanatorium, Tambaram,
Chennai, Tamil Nadu 600 045
Phone:Â +91 44 71728600
Email:Â [email protected]
Website: https://www.syrmasgs.com
Syrma SGS IPO Allotment Status
Syrma SGS IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Meanwhile, bank debits have started. Please check your bank account to know allotment status.
Syrma SGS IPO Timetable
| IPO Opening Date | 12 August 2022 |
| IPO Closing Date | 18 August 2022 |
| Finalisation of Basis of Allotment | 23 August 2022 |
| Initiation of refunds | 24 August 2022 |
| Transfer of shares to demat accounts | 25 August 2022 |
| Listing Date | 26 August 2022 |
| Opening Price on NSE | INR260 per share (up 18.18% from IPO price) |
| Closing Price on NSE | INR312 per share (up 41.82% from IPO price) |
Syrma SGS IPO FAQs
How many shares in Syrma SGS IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Syrma SGS Public Offer?
The best way to apply in Syrma SGS IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Syrma SGS IPO GMP today?
Syrma SGS IPO GMP today is INR50 per share.
What is Syrma SGS IPO kostak rate today?
Syrma SGS IPO kostak rate today is INR600 per application.
What is Syrma SGS Subject to Sauda rate today?
Syrma SGS Subject to Sauda rate today is INR2,000 per application.
What is the last date to buy this IPO?