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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.
| IPO Date | August 12, 2022 to August 18, 2022 |
| Listing Date | August 26, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹209 to ₹220 per share |
| Lot Size | 68 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹840.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹766.00 Cr) |
| Offer for Sale | 3,369,360 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 141,410,956 |
| Share holding post issue | 176,229,137 |
Syrma IPO offers 28,563,816 shares. 8,553,777 (29.95%) to QIB, 6,003,012 (21.02%) to NII, 14,007,027 (49.04%) to RII. 205,985 RIIs will receive minimum 68 shares and 2,101 (sNII) and 4,203 (bNII) will receive minimum 952 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 8,553,777 (29.95%) | NA |
| NII (HNI) Shares Offered | 6,003,012 (21.02%) | |
| bNII > ₹10L | 4,002,008 (14.01%) | 4,203 |
| sNII < ₹10L | 2,001,004 (7.01%) | 2,101 |
| Retail Shares Offered | 14,007,027 (49.04%) | 205,985 |
| Total Shares Offered | 28,563,816 (100%) |
Syrma IPO opens on August 12, 2022, and closes on August 18, 2022.
| IPO Open Date | Friday, August 12, 2022 |
| IPO Close Date | Thursday, August 18, 2022 |
| Basis of Allotment | Tuesday, August 23, 2022 |
| Initiation of Refunds | Wednesday, August 24, 2022 |
| Credit of Shares to Demat | Thursday, August 25, 2022 |
| Listing Date | Friday, August 26, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 18, 2022 |
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 | ₹194,480 |
| S-HNI (Min) | 14 | 952 | ₹209,440 |
| S-HNI (Max) | 66 | 4,488 | ₹987,360 |
| B-HNI (Min) | 67 | 4,556 | ₹1,002,320 |
| Lot Size Calculator | |||
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
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 286.42 | 357.4 | 20.97 |
| 31-Mar-20 | 346.7 | 404.88 | 43.88 |
| 31-Mar-21 | 460.01 | 444.48 | 28.62 |
| Amount in ₹ Crore | |||
The market capitalization of Syrma IPO is Rs 3877.04 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 50.69 |
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company did a pre-IPO placement at Rs. 290 a few months back and now it is coming with IPO at Rs. 220 (at the upper cap). This really augurs well for this IPO, but based on its financial data and earnings, the issue is priced at a P/E of 50+ even at lower IPO pricing. The company is focusing on a high-margin product portfolio. The segment in which SSTL is operating is also poised for bright prospects ahead. Hence investors may consider an investment with medium to long-term perspectives. Read detail review...
The Syrma IPO is subscribed 32.61 times on August 18, 2022 5:00:00 PM. The public issue subscribed 5.53 times in the retail category, 87.56 times in the QIB category, and 17.50 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 87.56 |
| NII | 17.50 |
| bNII (bids above ₹10L) | 19.01 |
| sNII (bids below ₹10L) | 14.47 |
| Retail | 5.53 |
| Total | 32.61 |
| Listing Date | August 26, 2022 |
| BSE Script Code | 543573 |
| NSE Symbol | SYRMA |
| ISIN | INE0DYJ01015 |
| Final Issue Price | ₹220 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹220.00 |
| ₹262.00 |
| ₹257.00 |
| ₹314.40 |
| ₹313.05 |
| NSE |
|---|
| ₹220.00 |
| ₹260.00 |
| ₹256.40 |
| ₹312.00 |
| ₹310.50 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: syrma.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Syrma IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹840.00 Crores. The issue is priced at ₹209 to ₹220 per share. The minimum order quantity is 68 Shares.
The IPO opens on August 12, 2022, and closes on August 18, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Syrma IPO using UPI as a payment gateway. Zerodha customers can apply in Syrma IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Syrma IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Syrma IPO opens on August 12, 2022 and closes on August 18, 2022.
Syrma IPO lot size is 68 Shares, and the minimum amount required is ₹14,960.
You can apply in Syrma IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Syrma IPO will be done on Tuesday, August 23, 2022, and the allotted shares will be credited to your demat account by Thursday, August 25, 2022. Check the Syrma IPO allotment status.
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