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

Syrma SGS Technology Ltd. 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

₹ 595

Current Return

170.45%

Syrma SGS Technology Ltd. News

Syrma SGS Technology informs about scheme of arrangement20 Dec, 5:09PM Syrma SGS Technology informs about credit rating 27 Nov, 12:47PM Syrma SGS Technology - Quaterly Results25 Oct, 5:30PM Syrma SGS Technology - Quaterly Results25 Oct, 5:30PM Syrma SGS Technology opens electronics manufacturing facility in Pune24 Oct, 9:24AM Syrma SGS Technology informs about disclosure 17 Oct, 5:27PM Syrma SGS Technology - Quaterly Results5 Aug, 5:15PM Syrma SGS Technology - Quaterly Results5 Aug, 5:15PM Syrma SGS Technology - Quaterly Results5 Aug, 5:15PM Syrma SGS Technology - Quaterly Results10 May, 6:56PM Syrma SGS Technology - Quaterly Results10 May, 6:56PM Syrma SGS Technology - Quaterly Results6 Feb, 5:22PM Syrma SGS Technology - Quaterly Results6 Feb, 5:22PM Syrma SGS Technology - Quaterly Results6 Feb, 5:22PM Syrma SGS Technology incorporates Wholly Owned Subsidiary4 Jan, 4:58PM Syrma SGS Technology informs about disclosures23 Dec, 3:33PM Syrma SGS Technology informs about disclosures23 Dec, 11:48AM Syrma SGS Technology incorporates wholly owned subsidiary company14 Dec, 4:46PM Syrma SGS Technology informs about incorporation of WOS25 Nov, 11:54AM Syrma SGS Technology incorporates Wholly Owned Subsidiary 25 Nov, 10:33AM

Company Financials

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

Exchange

NSE: SYRMA BSE: 543573

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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.

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 397.08 438.3 646.26 1135.59 1833.3
Total Expenditure 327.73 390.07 588.38 1053.49 1798.87
Operating Profit 69.35 48.24 57.88 82.1 34.43
Other Income 7.81 6.18 7.91 37.73 52.79
Interest 9.63 6 4.8 16.32 29.93
Depreciation 9.7 12.07 13.09 17.13 32.04
Exceptional Items -5.6 0 0 0 -1.35
Profit Before Tax 52.23 36.34 47.9 86.37 23.89
Provision for Tax 8.35 7.72 17.29 31.36 3.87
Net Profit 43.88 28.62 30.61 55.01 20.03
Adjusted EPS (Rs.) 0.62 0.38 0.22 0.31 0.11

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 0.7 0.75 137.62 176.78 177.43
Total Reserves 101 237.42 406.27 1278.3 1264.18
Borrowings 24.21 24.5 3.48 86.31 64.27
Other N/C liabilities 14.45 8.27 9.79 13.06 37.92
Current liabilities 230.85 189.07 395.58 659.3 1557.42
Total Liabilities 371.22 460.01 952.73 2213.75 3101.22
Assets
Net Block 86.48 81.37 114 248.17 473.88
Capital WIP 0.43 0 39.06 20.32 3.97
Intangible WIP 0 0 0.87 4.94 6.17
Investments 0 88.74 404.47 426.68 677.91
Loans & Advances 22.57 25.08 17.83 12.5 54.68
Other N/C Assets 0 0 0 736.82 279.28
Current Assets 261.74 264.82 376.5 764.33 1605.33
Total Assets 371.22 460.01 952.73 2213.75 3101.22
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 8.79 12.08 13.09 11.95 10.52
Profit Before Tax 5.53 0.77 2.07 3.85 18.45
Tax -2.4 0.09 0.67 1.13 2.28
Profit After Tax 7.93 0.68 1.4 2.73 16.17
Adjusted EPS (Rs) 0.45 0.04 0.08 0.15 0.91

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 46.89 0
Jun 2024 46.89 0
Mar 2024 46.89 0
Dec 2023 46.89 0
Sep 2023 47.21 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 52.23 36.34 47.9 86.37 23.89
Adjustment 20.41 13.99 15.45 1.89 25.16
Changes in Assets & Liabilities 4.77 -16.44 -37.33 -129.34 -218.36
Tax Paid -6.58 -10.03 -12.7 -19.64 -16.77
Operating Cash Flow 70.83 23.85 13.32 -60.72 -186.08
Investing Cash Flow -25.57 -94.67 -387.42 -860.82 13.85
Financing Cash Flow -20.64 68.01 354.97 941.85 182.35
Net Cash Flow 24.62 -2.81 -19.13 20.32 10.13
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