All that you should know about the Company before applying for the IPO.
The public issue of equity shares of SYRMA SGS TECHNOLOGY LIMITED will open for subscription on August 12, 2022 and closes on August 18, 2022. It is expected to list on the stock exchanges on August 26, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 2004, it is a technology-focused engineering and design company engaged in turnkey Electronics Manufacturing Services, specializing in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries. The company provides integrated services and solutions to OEMs (Original Equipment Manufacturers), from the initial product concept stage to volume production through concept co-creation and product realization.
It is one of the leading PCBA (Printed Circuit Board Assembly) manufacturers in India, supplying to various OEMs and assemblers in the market, and is also amongst the top key global manufacturers of custom RFID (Radio Frequency Identification) tags. Its PCBAs are used in products manufactured in the automotive, medical, industrial, IT and consumer products industries. Whereas its RFID products are used in products manufactured in the shipping, healthcare, manufacturing, retail and fintech industries. The company also manufacturers Electromagnetic and Electromechanical parts, Motherboards, DRAM Modules, Solid State Drives, USB Drives, other Memory products, Set-top Boxes, 4G and LTE antennae, controllers of the EV Battery Management Systems, among others. The company is currently undertaking manufacture of modules for 5G technology infrastructure.
The company has 3 dedicated R&D facilities which are equipped with state-of-the-art research and development infrastructure – 2 of which are in India (Chennai and Gurgaon), and one is located in Stuttgart, Germany. The company currently operates through 11 strategically located manufacturing facilities across various states in India – Himachal Pradesh, Haryana, Uttar Pradesh, Tamil Nadu and Karnataka.
Its products are also sold overseas in over 24 countries, including the USA, Germany, Austria, and UK. Its marquee customers include TVS Motor, A.O. Smith India, Robert Bosch Engineering, Eureka Forbes, CyanConnode, Atomberg Technologies, Hindustan Unilever, and Total Power Europe B.V.
Sandeep Tandon, Jasbir Singh Gujral, Veena Kumari Tandon and Tancom Electronics Private Limited
Given below are the objectives of the Company –
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
|IPO Size||₹ 840.13 Crore *|
|Offer Mix||Fresh issue ₹ 766 Crore + Offer For Sale ₹ 74.13 Crore*|
|Price Band||₹ 209 - ₹ 220|
|Lot Size||68 Shares (& in multiples thereof)|
|Face Value||₹ 10|
|Application Amount||Min. ₹ 14,960 (1 lot) | Max. ₹ 1,94,480 (13 lots) [at upper price band]|
|Listing on||NSE & BSE|
|Registrar||Link Intime India Private Limited|
|Cut-off time for UPI Mandate Confirmation||19-August-2022 (up to 12:00 PM)|
₹ 420.06 Crore
(50% of The Issue Size)
₹ 126.02 Crore
(15% of The Issue Size)
₹ 294.05 Crore
(35% of The Issue Size)
|IPO Opens||August 12, 2022|
|IPO Closes||August 18, 2022|
|Finalization of the basis of allotment||August 23, 2022|
|Unblocking of funds / Initiation of refunds||August 24, 2022|
|Credit of equity shares to Demat accounts||August 25, 2022|
|Listing of equity shares||August 26, 2022|
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