Syrma SGS Technology Ltd IPO – Update
Update
Syrma SGS Technology ‘LISTING’
Syrma SGS Technology Limited made a strong debut on the stock market today.
The stock was listed at INR 260 on the National Stock Exchange (NSE) against the issue price of INR 220, while the opening on the BSE was at INR 262; almost 19% listing gains for the IPO holders.
The IPO was open for subscription between 12 to 18 August 2022 and got a good response from investors across categories, but the major support came from qualified institutional buyers (QIBs) who purchased their quota 87.56 times, while the retail quota was subscribed 5.53 times.
At the end of the market, the stock of Syrma SGS Technology closed at INR 312 (almost 42% higher from its IPO price) with a volume of 5,99,61,608 shares on the NSE.
>> Finblab had SUBSCRIBE ratings on the IPO, click here to check details.
23 August 2022
Update
Syrma SGS Technology Ltd, whose IPO was open for subscription till 18 August 2022, is expected to list on the bourses latest by 26 August 2022.
The Company is likely to announce the ‘share allotment status’ by the end of 23 August 2022, that is today.
It is likely that allotted shares will be credited to the demat a/c by 25 August 2022 otherwise refunds will be credited to the investors account by 24 August 2022.
One can check allotment status on the website of IPO registrar.
9 August 2022
Syrma SGS Technology Ltd – a company engaged in turnkey electronics manufacturing services is planning to raise INR 840 Cr via IPO [766 Cr Fresh Issue + 74 Cr OFS]
syrma sgs technologies share price fixed at INR 209 to INR 220
Syrma SGS Technology: Company Details
- Incorporated in the year 2004, Syrma SGS Technology is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS).
- The Company is specialising in precision manufacturing for various end-use industries, including automotive, healthcare, industrial appliances, consumer products, and IT industries.
- Syrma SGS Technologies are leaders in high-mix low volume product management and are present in most industrial verticals.
- Further, the company is one of the leading PCBA manufacturers in India, supplying various OEMs and assemblers in the market.
- The Company is among the key global manufacturers of custom RFID tags worldwide.
- According to the F&S Report, among the large bouquet of EMS players in India, Surma SGS Technology is one of the fastest-growing Indian-headquartered ESDM companies.
Syrma SGS Technologies: Product Portfolio
- PCBA (Printed Circuit Board Assemblies): The PCBAs of the company are used in products manufactured in the automotive, medical, industrial, IT and consumer products industries, and shall include box-build products;
- RFID (Radio Frequency Identification): RFID products are used in products manufactured in the shipping, healthcare, manufacturing, retail, and fintech industries;
- Electromagnetic and Electromechanical Parts: It includes magnetic products like chokes, inductors, magnetic filters, transformers as well as high-volume manufacturing assemblies. They are used in products manufactured in the automotive, consumer appliances, industrial appliances, and healthcare industries.
- Other products: It includes motherboards, DRAM modules, solid state drives, USB drives, and other memory products.
Read more about syrma sgs technologies products mix.
Manufacturing Facilities
The company operates through 11 manufacturing facilities; in North India (Uttar Pradesh, Himachal Pradesh, and Haryana) whereas in South India (Karnataka and Tamil Nadu)
R&D Facilities
The company has 3 dedicated Research & Development facilities, 2 of which are located in Chennai and Gurgaon and 1 in Stuttgart (Germany).
Promoters
Sandeep Tandon,
Jasbir Singh Gujral,
Veena Kumari Tandon and,
Tancom Electronics Private Limited
IPO Dates
IPO Details – Price, Minimum Bid and Other
Financials
CONCLUSION
Considering the company’s valuation and financial parameters, FinBlab recommends SUBSCRIBE ratings on Syrma SGS Technology Limited IPO
Must Read: Nifty prediction for August 2022
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