Syrma SGS Technology IPO Details: Syrma SGS Technology IPO: Everything you need to know

The Rs 840 crore initial public offering (IPO) of Syrma SGS Technology, an engineering and design company, went to the primary market on Friday 12th August. Here are the top things you should know about the problem.

1. When will the Syrma SGS Technology IPO be open for subscription?
   The Syrma SGS Technology IPO will open for subscription on Friday, August 12th.
2. When will Syrma SGS Technology IPO end for subscription?
   Syrma SGS Technology’s IPO closes on Thursday, August 18th.
3. What is the price range for Syrma SGS technology?
   The Syrma SGS Technology IPO price range has been set at Rs 209-220 per share.
4. What is the issue volume of Syrma SGS Technology’s IPO?
   The offering consists of issuing new shares valued at Rs 766 crore while existing shareholders and promoters will issue 33,69,360 shares valued at Rs 74 crore. The output adds up to Rs 840 crore.
5. What is the lot size for Syrma SGS Technology IPO?
   Investors can subscribe to Syrma SGS Technology’s IPO by betting on a lot of 68 shares or multiples thereof. At the top end of the price range, one lot of the IPO is worth Rs 14,960. A single bidder can bid for a maximum of 13 lots.
6. What is Syrma SGS Technology’s business profile?
   Founded in 2004, Syrma SGS Technology is a Chennai-based engineering and design company engaged in Electronic Manufacturing Services (EMS).

   The company offers integrated services and solutions for original equipment manufacturers (OEMs) from the first phase of the product concept to series production through joint concept creation and product realization.

7. How big is the Syrma SGS Technology network?
   The Company operates 11 manufacturing facilities in North India including Himachal Pradesh, Haryana and Uttar Pradesh; and in southern India including Tamil Nadu and Karnataka.

   The production facilities in Tamil Nadu are located in a special economic zone. The Haryana manufacturing facility was established under the Electronic Hardware Technology Park program, which allows the company to take advantage of tax benefits.

   The company has three proprietary R&D facilities, two located in Chennai and Gurgaon and one in Stuttgart, Germany. EMS is a high-revenue, low-margin business.

8. What quota is reserved for private investors in the Syrma SGS Technology IPO?
   The quota for private investors Syrma SGS Technology IPO is fixed at 35 percent of the net offering. The QIB quota is fixed at 50 percent while the quota for NII is reserved at 15 percent.
9. When will the attribution basis for the Syrma SGS Technology IPO be finally determined?
   Completion of the allocation basis is expected by August 23 and the initiation of repayments is expected by August 24. Meanwhile, the shares are expected to be credited to the Demat account by August 25th.
10. When will Syrma SGS Technology IPO list?
    Syrma SGS Technology is expected to launch on August 26th (Friday).
11. How to Check Syrma SGS Technology IPO Allotment Status?
    Those wishing to bid for the offering can check subscription status on the online portal of Link Intime India India, the IPO registrar.
12. Who are the leading book managers on this topic?
    DAM Capital Advisors and are the book-running lead managers of the offering.
13. How has Syrma SGS Technology developed in the last year?
    The company reported a 43 per cent increase in revenue to Rs.1,267 billion in FY22 compared to the year ended March 2021. The company’s net profit rose 17 percent to Rs.76.46 billion in March 2022.