Syrma SGS Technology IPO

Syrma SGS Technology Ltd.

₹14,212 /68 sharesMinimum Investment

Syrma SGS Technology IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹220.00₹260.00₹40.00 (18.18%)

Syrma SGS Technology IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
12 Aug ‘22 - 18 Aug ‘22₹14,21268₹209 - ₹220
Issue SizeIPO Doc
840.00Cr
RHP PDF

Subscription Status As on 18 Aug '22, 3:24 PM

  • Retail Individual Investor
    5.14x
  • Non-Institutional Investor
    16.51x
  • Qualified Institutional Buyers
    69.04x
  • Total
    26.66x

About Syrma SGS Technology

Parent Organisation
Syrma SGS Technology Ltd.
Founded
2004
Managing Director
Jasbir Singh Gujral

Strengths & Risks

  • Manufacturing facilities in Tamil Nadu are placed in SEZs.
  • All manufacturing facilities are certified, including ISO 14001 and ISO 9001.
  • Recognized as leader in people development as in the company is one of the great places to work.
  • First in India to manufacture RFID products in India.
  • Company has long standing relationships with customers.
  • In November 2020, Syrma acquired a 20% stake in SGS. Funds of Rs.92.04 crore from private equity funds and other shareholders have been infused in Syrma in FY21
  • Company has low-debt.
  • Global nature of operations exposes them to numerous risks.
  • Dependent on third parties for the supply of raw materials.
  • Research and development capabilities are critical to success.
  • Failure to keep technical knowledge confidential could erode competitive advantage.
  • Operating in a highly competitive industry.
  • Failure to identify and understand evolving industry trends and preferences and to develop new products to meet customers’ demand.

Financials

*All values are in Rs. Cr
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