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IPO Details

Issue Date




Price Range

209 - 220

Lot Size


IPO Size

₹ 840 cr

IPO Listing Details

Listing On


Issue Price


Listed Price

₹ 209

Retail Gain/Listing Gain


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.

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One of the leading design and electronic manufacturing services companies
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Consistent track record of financial performance
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Diversified, evolving and expanding product portfolio backed by strong R&D capabilities
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State-of-the-art manufacturing capabilities supported by a global supplier network, with a focus on vertical integration
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Experienced promoters supported with senior management team with proven track record of performance
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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

And finally here’s a look at key financials of Syrma SGS Technology Limited

Particulars (in Rs. million)

Particulars (in Rs. million)

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Top Syrma SGS Technology Limited IPO FAQs

The price band of Syrma SGS Technology Limited IPO is ₹209 to ₹220.

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.

The allotment dates are yet to be announced.

Link Intime India Private Limited is the registrar for this IPO.

The dates are yet to be decided.

You can read more about Syrma SGS Technology Limited and its IPO from the company’s red herring prospectus (RHP) here.

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