Syrma SGS Technology Ltd
- IPO Date12 Aug, 2022 to 18 Aug, 2022
- Listing Date26 Aug, 2022
- Face Value₹10 per share
- Issue Price₹209 to ₹220 per share
- Lot Size68 Shares
- Minimum Investment₹14,960
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale33,69,360 Shares
(aggregating up to ₹74.13 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
18 Aug, 2022
Initiation of Refunds
25 Aug, 2022
Listing Date
26 Aug, 2022
12 Aug, 2022
Opening Date
23 Aug, 2022
Basis of Allotment
25 Aug, 2022
Credit of Shares
Syrma SGS Technology Ltd Lot Size
Investors can bid for a minimum of 68 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 68 | ₹14,960 |
| Retail (Max) | 13 | 884 | ₹1,94,480 |
| S-HNI (Min) | 14 | 952 | ₹2,09,440 |
| S-HNI (Max) | 66 | 4488 | ₹9,87,360 |
| B-HNI (Min) | 67 | 4556 | ₹10,02,320 |
Syrma SGS Technology Ltd COMPANY INFORMATION
Syrma IPO is a book built issue of Rs 840.00 crores. The issue comprises of fresh issue of Rs 766.00 crore and offer for sale of 0.34 crore shares. Syrma IPO bidding started from August 12, 2022 and ended on August 18, 2022. The allotment for Syrma IPO was finalized on Tuesday, August 23, 2022. The shares got listed on BSE, NSE on August 26, 2022. Syrma IPO price band is set at ₹209 to ₹220 per share. The minimum lot size for an application is 68 Shares. The minimum amount of investment required by retail investors is ₹14,960. The minimum lot size investment for sNII is 14 lots (952 shares), amounting to ₹209,440, and for bNII, it is 67 lots (4,556 shares), amounting to ₹1,002,320. Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), ICICI Securities Limited and Iifl Securities Ltd are the book running lead managers of the Syrma IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Syrma IPO RHP for detailed information.
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.
FAQs About Syrma Sgs Technology Ltd
Syrma SGS Technology Ltd will open on 12 Aug, 2022 and close on 18 Aug, 2022. Investors must apply within this period to participate.
The Syrma SGS Technology Ltd price band is set between ₹209.00 and ₹220.00 per share. The minimum lot size is 68, requiring an investment of at least ₹14960.00.
The Syrma SGS Technology Ltd shares are expected to be listed on 26 Aug, 2022, subject to regulatory approvals and final allotment.
You can track your Syrma SGS Technology Ltd application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Syrma SGS Technology Ltd will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.