Syrma SGS Technology IPO – Incorporated in 2004, Syrma SGS technology Ltd is a technology-focused engineering and design company engaged in electronic manufacturing.
List of Topic Covered
Key Features of Syrma SGS IPO
- Syrma SGS IPO will open on August 12, 2022
- You can apply in this IPO from August 12, 2022 to August 18, 2022.
- Issue Price band of the company is ₹209 to ₹220 per equity share.
- Syrma SGS IPO comprises fresh issue of equity shares worth approx ₹ 766 Crores and an offer for sale (OFS) of approx 3,369,360 equity shares.
- It has a minimum 68 shares in one lot and you have to spend a minimum of ₹14,960 for 1 lot.
- Syrma SGS Technology is looking to raise ₹840 Crores through this IPO.
What is Syrma SGS Technology Ltd ?
- Syrma SGS Technology is an engineering and design company engaged in turnkey electronic manufacturing services (EMS).
- They provide services like product design, quick prototyping, PCB assembly, box build, tester development, repair and rework etc.
- They have products like printed circuit board assemblies (PCBA), radio frequency identification (RFID) products, electromagnetic and electromechanical parts, motherboards, DRAM modules, solid state drives, USB drives etc.
- The company has 11 manufacturing facilities across India which includes Himachal Pradesh, Haryana, Uttar Pradesh, Tamil Nadu and Karnataka. It also has dedicated research & development facilities in India & in Germany.
- Syrma SGS is part of the Make in India initiative of the government of India.
- Mr. Sreeram Srinivasan is the CEO of Syrma SGS Technology Ltd.
- On the revenue front, company has been in profits for the last 4 consecutive years. Positive sign for investors.
GMP of Syrma SGS IPO
- Grey market is an unregulated market to trade IPO shares before listing.
- Syrma SGS IPO price band is placed at ₹ 209 to ₹ 220
- But the grey market premium of this share is currently 25.00% i.e. at ₹55.
- So the share price of Syrma SGS IPO in the grey market is ₹ 275 (₹220 + ₹55)
Click here to Get Details IPO Grey Market Premium (GMP) Live
Syrma SGS IPO Live Subscription Status
Syrma SGS IPO subscribed 32.61 times on it’s final day i.e. till August 18, 2022.
Click here to Get Details IPO Subscription Status Live
Syrma SGS IPO Date, Lot Size, Allotment
Syrma SGS IPO Details
| IPO Start Date | August 12, 2022 |
| IPO Close Date | August 18, 2022 |
| Fresh Equity Share Issue | Approx. ₹766 Crores worth of equity shares |
| Offer for Sale | Approx. 3,369,360 Equity Shares |
| Face Value | ₹ 10 Per Equity Share |
| Price Band | ₹209 – ₹220 Per Equity Share |
| Retail Quota Share | 35% |
| QIB Quota | 50% |
| NII (HNI) Quota | 15% |
| Listing on | NSE & BSE |
| Employee Discount | – |
| DRHP | View |
Syrma SGS IPO Timetable
| IPO Start Date | August 12, 2022 |
| IPO Close Date | August 18, 2022 |
| Basis of Share Allotment Date | August 23, 2022 |
| Refunds Date | August 24, 2022 |
| Credit of shares to Demat Account Date | August 25, 2022 |
| Syrma SGS IPO Listing Date | August 26, 2022 |
Syrma SGS IPO Lot Size
| Minimum Lot Size | 68 shares for 1 lot |
| Minimum Amount | ₹ 14,960 for 1 lot |
| Maximum Lot Size | 884 Shares (13 lot) |
| Maximum Amount | ₹194,480 (for 13 Lot) |
Syrma SGS Ltd Financial Report (2019-2022)
Company is in profits from last 3 years. Positive sign for investors.
| Year | Revenue | Expense | PAT (Profit / Loss After Tax) |
| 2022 | ₹655 | ₹607 | ₹30.69 |
| 2021 | ₹444 | ₹408 | ₹28.60 |
| 2020 | ₹405 | ₹347 | ₹43.88 |
| 2019 | ₹357 | ₹330 | ₹20.97 |
Syrma SGS IPO – Basis of Allotment
- Syrma SGS IPO’s 50% quota is reserved for the QIB category.
- 15% quota is reserved for NII Category and
- 35% quota is reserved for retail investors.
How to Apply in Syrma SGS IPO ?
- You can apply for the Syrma SGS IPO through the ASBA facility available in your bank account.
- Just login to your online banking. Go to the IPO section and apply for Syrma SGS IPO.
- Also you can apply this IPO through your trading account.
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Syrma SGS IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Syrma SGS IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Syrma SGS IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Syrma SGS IPO
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Syrma SGS IPO Allotment Status
You can check Syrma SGS IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Other Information in Syrma SGS IPO
Syrma SGS IPO Promoters
- Sandeep Tandon
- Jasbir Singh Gujral
- Veena Kumari Tandon
- Tancom Electronics Private Limited
Syrma SGS IPO Lead Managers
- DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
- ICICI Securities Limited
- IIFL Securities Ltd
Syrma SGS Technology Contact Information
Syrma SGS Technology Ltd
Plot B27, Phase II, Zone B,
MEPZ-SEZ, Sanatorium, Tambaram,
Chennai 600 045
- Phone: 022 40363000
- Email: compliance@syrmasgs.com
- Website: https://syrmasgs.com/
Syrma SGS IPO Registrar Contact Information
Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: syrma.ipo@linkintime.co.in
- Website: https://linkintime.co.in/
Paisa kaudi recommendation on Syrma SGS IPO
Syrma SGS Technology is the leading engineering and design company in India. Price band is reasonable. Can be considered for long term gain. You can also invest in this IPO for 10% to 15% of a listing gain.
Keep checking the GMP for more clear picture. Stay alert as markets are volatile now a days.
Syrma SGS IPO FAQs
Syrma SGS IPO is the main-board IPO which will be listed on NSE & BSE. They are going to raise Approx ₹840 crores through this IPO. One lot has minimum 68 shares and you have to spend a minimum ₹14,960 for 1 lot.
Aether IPO price band is ₹209 to ₹220.
One lot has minimum 68 shares and you have to spend a minimum ₹14,960 for 1 lot. Maximum lot is 13 and you have to spent ₹194,480 for 13 lots.
Syrma SGS IPO’s 35% quota is reserved for retail investors. 15% quota is reserved for NII Category and 50% quota is reserved for the QIB category.
Syrma SGS IPO will open on August 12, 2022.
Basis of Allotment for Syrma SGS IPO will happen on August 23, 2022 and allotted shares will be deposited in your demat account on August 25, 2022.
Shares of Syrma SGS IPO will list in the market on August 26, 2022.
This covers all the points on Syrma SGS IPO. Please write in the comment box if you need any further information on this.