Syrma SGS IPO GMP, Price, Date, Allotment

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Syrma SGS IPO GMP

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 Dates12 – 18 August 2022
Price BandINR209 – 220 per share
Fresh issueINR766 crore
Offer For Sale3,369,360 shares (INR70.42 – 74.13 crore)
Total IPO sizeINR836.42 – 840.13 crore
Minimum bid (lot size)68 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

Syrma SGS Financial Performance

 FY2019FY2020FY2021FY2022
Revenue357.4404.9444.51,032.4
Expenses330.1347.1408.1951.5
Net income20.544.232.056.5
Margin (%)5.710.97.25.5
Figures in INR crore unless specified otherwise

Syrma SGS IPO News


Syrma SGS Valuations & Margins

FY2020FY2021FY2022
EPS6.42 4.585.17
PE ratio40.42 – 42.55
RONW (%)22.1413.0913.58
ROCE (%)27.918.419.1
EBITDA (%)16.813.211.3
Debt/Equity0.250.170.33
NAV42.36
As per Proforma Condensed Combined Financial Information

Syrma SGS IPO GMP Daily Trend

Date Syrma SGS IPO GMPKostakSubject to Sauda
18 Aug 2022354002,000
17 Aug 2022354502,000
16 Aug 2022354502,000
15 Aug 2022304001,800
13 Aug 2022304001,200
12 Aug 2022203001,000
10 Aug 202220300800
9 Aug 2022304001,000
8 Aug 202230400
6 Aug 202240450


Syrma SGS IPO Subscription – Live Updates

CategoryShares OfferedDay 1Day 2Day 3Day 4
QIB85,53,7770.000.000.7187.56
NII60,03,0120.130.743.5817.50
Retail1,40,07,0270.691.552.665.53
Total2,85,63,8160.370.922.2732.61
Subscription figures in number of times, at 5 PM

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: +91 22 4918 6200 
Email: [email protected]
Website: 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: +91 44 71728600
Email: [email protected]
Website: https://www.syrmasgs.com


Syrma SGS IPO Allotment Status

Syrma SGS IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status.


Syrma SGS IPO Timetable

IPO Opening Date12 August 2022
IPO Closing Date18 August 2022
Finalisation of Basis of Allotment23 August 2022
Initiation of refunds24 August 2022
Transfer of shares to demat accounts25 August 2022
Listing Date26 August 2022
Opening Price on NSE Coming soon
Closing Price on NSE Coming soon

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 INR35 per share.

What is Syrma SGS IPO kostak rate today?

Syrma SGS IPO kostak rate today is INR400 per application.

What is Syrma SGS Subject to Sauda rate today?

Syrma SGS Subject to Sauda rate today is INR2,000 per application.

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