Syrma SGS Technology Ltd. IPO

It is a technology-focused 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.

RHP
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DRHP
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Open Date

2022-08-12

Close Date

2022-08-18

IPO Details

Check out the issue details for Syrma SGS Technology Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 220

Price Band

₹ 209 - 220

Issue Size

840.13 Cr.

Issue Type

Book Built

Open

2022-08-12

Close

2022-08-18

Listingprice

₹ 260

ListingGain

18.18%

Listing Date

2022-08-26

CMP

₹ 510.3

Current Return

131.95%

Company Financials

You can get the following financial statements of Syrma SGS Technology Ltd. as of now.

Subscription Details

The details about the Syrma SGS Technology IPO are as:

  • The issue size of the IPO is 840.13 Cr.
  • The price band for Syrma SGS Technology IPO is Rs 209 to Rs 220.
  • The shares of Syrma SGS Technology IPO will list on 26th August 2022.
  • The latest tentative GMP of Syrma SGS Technology IPO is Rs 65.
  • The shares of the company are subscribed 32.61 times in total.

Syrma SGS Technology Ltd IPO Valuation

The approx valuation of Syrma SGS Technology IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 220
Existing Shares (Qty) 14.14 Cr
Fresh Issue (Amount) 766 Cr
Market Cap 3876.8 Cr
EPS (FY22) Rs 5.25
PE Ratio 41.90x
Industry PE 93.15x

 

Syrma SGS Technology Ltd IPO Issue Size

Syrma SGS Technology IPO issue size is 840.13 Cr.

Issue Amount
Fresh Issue 766 Cr
Offer For Sale 74.13 Cr

 

Syrma SGS Technology Ltd IPO Market Lot

An Individual can apply for a minimum 1 lot of 68 shares and a maximum of 13 lots of 221 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 68 Rs 14,960
 Maximum 13 221 Rs 1,94,480

 

Syrma SGS Technology Ltd IPO Offer

The shares of the company are subscribed 32.61 times in total. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 87.56 Times
Non-Institutional Minimum 15% 17.50 Times
Retail Individual Minimum 35% 5.53 Times
Total   32.61 Times

 

Syrma SGS Technology Ltd IPO Grey Market Premium

As on GMP (Tentative)
18 August 2022 Rs 35
19 August 2022 Rs 45
20 August 2022 Rs 55
21 August 2022 Rs 60
22 August 2022 Rs 65

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Syrma SGS Technology IPO:

Schedule Date
Basis of Allotment 23 August 2022
Refunds 24 August 2022
Credit to Demat Account 25 August 2022
IPO Listing Date 26 August 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 354 397.08 438.3 646.26 1135.59
Total Expenditure 312.04 327.73 390.07 588.38 1053.49
Operating Profit 41.96 69.35 48.24 57.88 82.1
Other Income 3.4 7.81 6.18 7.91 37.73
Interest 8.31 9.63 6 4.8 16.32
Depreciation 9.75 9.7 12.07 13.09 17.13
Exceptional Items 0 -5.6 0 0 0
Profit Before Tax 27.3 52.23 36.34 47.9 86.37
Provision for Tax 6.33 8.35 7.72 17.29 31.36
Net Profit 20.97 43.88 28.62 30.61 55.01
Adjusted EPS (Rs.) 0.3 0.62 0.38 0.22 0.31

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0.7 0.7 0.75 137.62 176.78
Total Reserves 56.49 101 237.42 406.27 1278.3
Borrowings 38.59 24.21 24.5 3.48 86.31
Other N/C liabilities 9.19 14.45 8.27 9.79 13.06
Current liabilities 181.44 230.85 189.07 395.58 657.9
Total Liabilities 286.42 371.22 460.01 952.73 2212.35
Assets
Net Block 85.54 86.48 81.37 114 248.17
Capital WIP 0.46 0.43 0 39.06 20.32
Intangible WIP 0 0 0 0.87 4.94
Investments 0 0 88.74 404.47 426.68
Loans & Advances 3.84 22.57 25.08 17.83 12.5
Other N/C Assets 0 0 0 0 736.82
Current Assets 196.59 261.74 264.82 376.5 762.93
Total Assets 286.42 371.22 460.01 952.73 2212.35
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 12.97 19.59 20.33 8.79 12.08
Profit Before Tax 20.8 43.44 15.52 5.53 0.77
Tax 5.15 18.31 5.51 -2.4 0.09
Profit After Tax 15.65 25.12 10.01 7.93 0.68
Adjusted EPS (Rs) 0.89 1.42 0.57 0.45 0.04

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 46.89 0
Sep 2023 47.21 0
Jun 2023 47.27 0
Mar 2023 47.27 0
Dec 2022 47.27 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 27.3 52.23 36.34 47.9 86.37
Adjustment 19.61 20.41 13.99 15.45 1.89
Changes in Assets & Liabilities -28.95 4.77 -16.44 -37.33 -129.35
Tax Paid -7.91 -6.58 -10.03 -12.7 -19.64
Operating Cash Flow 10.04 70.83 23.85 13.32 -60.72
Investing Cash Flow -21.6 -25.57 -94.67 -387.42 -889.07
Financing Cash Flow 13.34 -20.64 68.01 354.97 970.11
Net Cash Flow 1.78 24.62 -2.81 -19.13 20.32
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