Syrma SGS Technology Ltd IPO Message Board (Page 43)

Syrma SGS Technology IPO – Issue Information *(Final)*

Issue Opens on: 12 August 2022
Issue Closes on: 18 August 2022
Issue Type: Book Built Issue IPO
Issue Size: 3,81,87,541 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.209 – Rs.220 Share
Discount: NIL
Market Lot: 68 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 14,14,10,956 Shares
Fresh Issue of 3,48,18,181 Shares @220/- = Rs.766Crs
Offer for Sale of 33,69,360 Shares @220/- = Rs.74.13Crs
Equity Shares outstanding after the Issue = 17,62,29,137 Shares

Category-wise Break up:
Anchor – 1,14,56,261 Shares = 252.04Crs
QIB – 76,37,508 Shares = 168.03Crs
NII – 57,28,132 Shares = 126.02Crs
RII – 1,33,65,640 Shares = 294.04Crs (Lot size: 68 = 1,96,554 Forms)
Total Issue – 3,81,87,541 Shares = 840.13Crs.

Subscription required for 1X
RII = 1,96,554 Forms
NII = 126.02 Crs

Syrma SGS Technology IPO – Schedule *(Final – Pg #662 of RHP)*

08th Aug – Announcement of Price Band
11th Aug – Anchor Investors Allotment
12st Aug – Offer Opens
18th Aug – Offer Closes
23rd Aug – Finalisation of Basis of Allotment
24th Aug – Unblocking of ASBA Accounts
25th Aug – Credit of Equity Shares to Depository Accounts
26th Aug – Commencement of Trading


Syrma SGS Technology IPO – Issue Information *(Final)*

Issue Opens on: 12 August 2022
Issue Closes on: 18 August 2022
Issue Type: Book Built Issue IPO
Issue Size: 3,81,87,541 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.209 – Rs.220 Share
Discount: NIL
Market Lot: 68 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 14,14,10,956 Shares
Fresh Issue of 3,48,18,181 Shares @220/- = Rs.766Crs
Offer for Sale of 33,69,360 Shares @220/- = Rs.74.13Crs
Equity Shares outstanding after the Issue = 17,62,29,137 Shares

Category-wise Break up:
Anchor – 1,14,56,261 Shares = 252.04Crs
QIB – 76,37,508 Shares = 168.03Crs
NII – 57,28,132 Shares = 126.02Crs
RII – 1,33,65,640 Shares = 294.04Crs (Lot size: 68 = 1,96,554 Forms)
Total Issue – 3,81,87,541 Shares = 840.13Crs.

Subscription required for 1X
RII = 1,96,554 Forms
NII = 126.02 Crs


Syrma SGS Technology IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated August 04, 2022 (779 pages)

EPS for FY19-20 >>> Rs.6.42 (Page #138 of RHP)
EPS for FY20-21 >>> Rs.4.58 (Page #138 of RHP)
EPS for FY21-22 >>> Rs.5.17 (Page #138 of RHP)

RoNW for FY19-20 >>> 22.14% (Page #140 of RHP)
RoNW for FY20-21 >>> 13.09% (Page #140 of RHP)
RoNW for FY21-22 >>> 13.58% (Page #140 of RHP)

NAV as on March 31, 2022 was Rs.42.36 (Page #141 of RHP)

Listed Industry Peer Group (Page #141 of RHP): Dixon Technologies, Amber Enterprises India



Syrma SGS Technology IPO – *Market’s Current Estimates of oversubscription*:

NII = 8KCrs. = ~63.48X
RII = 10L Forms = 5.09X Applic. wise (Avg allotment of ~13.37 shares per lot)

Interest cost *@7.00%p.a.* for 7days = *29.53paise for 1X*

Thus, for NII the costing = 63.48 X 29.53 paise = Rs.18.75 per share (= GMP)

And, for RII the costing = 18.75 X 13.37 = Rs.251/- (= Kostak)


Syrma SGS Technology IPO – *GMP Estimated*

GMP 20 +/- 2
Kostak 250 +/- 10
Subject 2 @1,150/-

Syrma SGS Technology IPO – Schedule *(Final – Pg #662 of RHP)*

08th Aug – Announcement of Price Band
11th Aug – Anchor Investors Allotment
12st Aug – Offer Opens
18th Aug – Offer Closes
23rd Aug – Finalisation of Basis of Allotment
24th Aug – Unblocking of ASBA Accounts
25th Aug – Credit of Equity Shares to Depository Accounts
26th Aug – Commencement of Trading


Syrma SGS Technology IPO – Issue Information *(Final)*

Issue Opens on: 12 August 2022
Issue Closes on: 18 August 2022
Issue Type: Book Built Issue IPO
Issue Size: 3,81,87,541 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.209 – Rs.220 Share
Discount: NIL
Market Lot: 68 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 14,14,10,956 Shares
Fresh Issue of 3,48,18,181 Shares @220/- = Rs.766Crs
Offer for Sale of 33,69,360 Shares @220/- = Rs.74.13Crs
Equity Shares outstanding after the Issue = 17,62,29,137 Shares

Category-wise Break up:
Anchor – 1,14,56,261 Shares = 252.04Crs
QIB – 76,37,508 Shares = 168.03Crs
NII – 57,28,132 Shares = 126.02Crs
RII – 1,33,65,640 Shares = 294.04Crs (Lot size: 68 = 1,96,554 Forms)
Total Issue – 3,81,87,541 Shares = 840.13Crs.

Subscription required for 1X
RII = 1,96,554 Forms
NII = 126.02 Crs


Syrma SGS Technology IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated August 04, 2022 (779 pages)

EPS for FY19-20 >>> Rs.6.42 (Page #138 of RHP)
EPS for FY20-21 >>> Rs.4.58 (Page #138 of RHP)
EPS for FY21-22 >>> Rs.5.17 (Page #138 of RHP)

RoNW for FY19-20 >>> 22.14% (Page #140 of RHP)
RoNW for FY20-21 >>> 13.09% (Page #140 of RHP)
RoNW for FY21-22 >>> 13.58% (Page #140 of RHP)

NAV as on March 31, 2022 was Rs.42.36 (Page #141 of RHP)

Listed Industry Peer Group (Page #141 of RHP): Dixon Technologies, Amber Enterprises India



Syrma SGS Technology IPO – *Market’s Current Estimates of oversubscription*:

NII = 8KCrs. = ~63.48X
RII = 10L Forms = 5.09X Applic. wise (Avg allotment of ~13.37 shares per lot)

Interest cost *@7.00%p.a.* for 7days = *29.53paise for 1X*

Thus, for NII the costing = 63.48 X 29.53 paise = Rs.18.75 per share (= GMP)

And, for RII the costing = 18.75 X 13.37 = Rs.251/- (= Kostak)


Syrma SGS Technology IPO – *GMP Estimated*

GMP 20 +/- 2
Kostak 250 +/- 10
Subject 2 @1,150/-

I think 15 retail not possible

Inconsistencies noticed in Syrma RHP:

1) The Revenue for FY22 given on page 78 and page 141 doesn’t match

2) The NAV for FY22 given on page 146 and page 141 doesn’t match

esi koi website jaha small hni & big hni me application wise kitna allotment hoga wo live dikhaye !!

Dear Sir, We will be sharing this information from 16th.

GMP 15

Jetha Lal ji . where u r ? your expert comment needed

SYRMA - 2 LACK ABOVE INTEREST RATE - 2650/-

@ Nimit Shah
SBI YONO Lite still allows third party application in addition to PNB.

Today no bidding right?

Bank holiday 2nd saturdat

Syrma GMP. 31--33

One out of four will get allotment of 2 lacs in syrma in big Hni category(above 10 lacs)

Hi
What are the basis of your calculation?

in SHNI?

@ Lokes Checking the BOA of CAMPUS, it appears that if you apply for much more than Rs 1000000 ,the allotment ratio gets improved . Waiting for your expert comment

Campus Allotment:
BHNI: 36% Approx
SHNI: 8% Approx
Lot of retail has shifted to SHNI
My personal experience in Campus:
BHNI 2/4
SHNI 0/4

28/30

Hni application soch samaj ke kerni padegi

@ shahukarji sahi hai wesa hi kuch lag raha

Sebi killed gmp by Hni lottery system.

Dosto GMP ke peeche mat bhaago, fundamentals ke peeche bhaago, listing gains jhak maar kar milenge.
Fundamentals are good - I’ll Apply FF

Gmp 28/30

The only guy i trust 👍 thank you.

GOOD ONE
NICE PERSON

@lokes @noorul @monsterzero and other Respected members, what should be my allocation if you may consider :
3 small HNI or 1 Big HNI

Thanks in Advance

Wait till last day...bhni is mostly individuals only...No fire power like before. The underwhelming GMP may restrict subscription from bhni

Applied 10 Retail and 1 shni of 16 lots....
Tension free.

Dear monster zero,
Please🙏 advice on Heranba, loss results declared, if any suggestions please advice, sale on Tuesday buy at 597/-
Thanks

Heranba industries,
Revenue is up for yoy , the input cost has affected the PAT and eps. Should recalibrate your investment...
Next quarter should show gains, if you don't need money asap , hold it. Otherwise sell and walk away until next quarter. I have 185 qty @565..will hold it for 1 year . Company is good but the rupee fall will reflect profit in next qtr. Heranba is an exporter.