IPO Details
Issue Date
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Investment/lot
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Price Range
209 - 220
Lot Size
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IPO Size
₹ 840 cr
IPO Listing Details
Listing On
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Issue Price
220
Listed Price
₹ 209
Retail Gain/Listing Gain
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Company Background
Syrma SGS Technology Limited is a technology-focussed engineering and design company engaged in turnkey electronics manufacturing services (EMS), specialising in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.
Having a track record of technical innovation which involves working with the engineering teams of marquee customers such as TVS Motor Company Limited, Robert Bosch Engineering, and more, Syrma SGS Technology Limited has evolved to provide integrated services and solutions to OEMs, from the initial product concept stage to volume production through concept co-creation and product realisation.
Along with being one of the leading PCBA manufacturers in India, supplying to various OEMs and assemblers in the market, Syrma is also amongst the top key global manufacturers of custom RFID tags. (Source: F&S Report)
The company has a wide product portfolio with applications across diverse end-use industries, primarily focussed toward ODMs and OEMs serving end-use industries including the automotive, healthcare, IT, industrial appliances, energy management, water purification, power supply and consumer products industries.
As part of Syrma’s business strategy to expand its market share in the EMS sector and to widen the geographical footprint in the national market, the company acquired SGS Tekniks in September 2021 and Perfect ID in October 2021. The acquisition of SGS Tekniks provided ample headroom for growth as there was almost no overlap of customers and the geographies being serviced by Syrma and SGS Tekniks.
Syrma’s marquee customers include TVS Motor Company Limited, A. O. Smith India Water Products Pvt. Ltd., Robert Bosch Engineering and Business Solution Pvt Ltd, Eureka Forbes Ltd Limited, CyanConnode Limited, Atomberg Technologies Private Limited and Total Power Europe B.V. Products are sold in over 21 countries (apart from India), including the USA, Germany, Austria, and UK.
Competitive Strengths
One of the leading design and electronic manufacturing services companies
Read MoreConsistent track record of financial performance
Read MoreDiversified, evolving and expanding product portfolio backed by strong R&D capabilities
Read MoreState-of-the-art manufacturing capabilities supported by a global supplier network, with a focus on vertical integration
Read MoreExperienced promoters supported with senior management team with proven track record of performance
Read MoreKey Strategies
Here are a few strategies Syrma SGS Technology Limited has for its business:
- Solidify and strengthen core competitiveness of technology innovation
- Pursue inorganic growth through strategic acquisitions
- Expand customer base and geographic reach
- Increase wallet share from existing customers
- Cater to more end-use industries
Key Financials
And finally here’s a look at key financials of Syrma SGS Technology Limited
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
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How to apply for an IPO using UPI
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Syrma SGS Technology Limited IPO FAQs
What is the price band of the Syrma SGS Technology Limited IPO?
The price band of Syrma SGS Technology Limited IPO is ₹209 to ₹220.
What is Syrma SGS Technology Limited IPO?
The Syrma SGS Technology IPO has an issue size of around Rs 840 crore. The IPO opens for subscription on 12th August and ends on 18th August, 2022.
What are the allotment dates for Syrma SGS Technology Limited IPO?
The allotment dates are yet to be announced.
Who is the Registrar of Syrma SGS Technology Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
When will Syrma SGS Technology Limited IPO get listed on BSE and NSE?
The dates are yet to be decided.
Where can I read more about Syrma SGS Technology Limited business?
You can read more about Syrma SGS Technology Limited and its IPO from the company’s red herring prospectus (RHP) here.
