The Syrma SGS date has been confirmed from August 12 and ended on August 18
Check out the current rate for Syrma SGS IPO GMP aka IPO Grey Market Premium, Kostak rates, and Subject to Sauda rates. The Syrma SGS Technology IPO GMP has begun, but we must wait for it to settle. Stay tuned for the most recent Syrma SGS IPO GMP figures.
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Bidding Dates
August 12 – 18
Price Range
₹209 to ₹220 per share
Face Value
₹10 per share
GMP
₹48
Syrma SGS GMP
The Syrma SGS IPO GMP is ₹[48].
IPO Overview
Syrma IPO is a book built issue of Rs 840.00 crores. The issue comprises of fresh issue of Rs 766.00 crore and offer for sale of 0.34 crore shares.
Syrma IPO is a book built issue of Rs 840.00 crores. The issue comprises of fresh issue of Rs 766.00 crore and offer for sale of 0.34 crore shares.
Syrma IPO bidding started from August 12, 2022 and ended on August 18, 2022. The allotment for Syrma IPO was finalized on Tuesday, August 23, 2022. The shares got listed on BSE, NSE on August 26, 2022.
Syrma IPO price band is set at ₹209 to ₹220 per share. The minimum lot size for an application is 68 Shares. The minimum amount of investment required by retail investors is ₹14,960. The minimum lot size investment for sNII is 14 lots (952 shares), amounting to ₹209,440, and for bNII, it is 67 lots (4,556 shares), amounting to ₹1,002,320.
Syrma Sgs IPO GMP Live Rates Day By Day With Kotak Rates
| Date | GMP | Kostak | Subject to |
| 26 August | ₹55 | ₹600 | ₹3000 |
| 25 August | ₹55 | ₹600 | ₹3000 |
| 24 August | ₹55 | ₹600 | ₹3000 |
| 23 August | ₹55 | ₹600 | ₹3000 |
| 22 August | ₹65 | ₹700 | ₹3500 |
| 20 August | ₹60 | ₹600 | ₹3000 |
| 19 August | ₹45 | ₹400 | ₹2500 |
| 18 August | ₹35 | ₹400 | ₹2500 |
| 17 August | ₹25 | ₹400 | ₹2500 |
| 16 August | ₹25 | ₹400 | ₹2500 |
Syrma SGS IPO Date & Price Band Details
| IPO Date | August 12, 2022 to August 18, 2022 |
| Listing Date | August 26, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹209 to ₹220 per share |
| Lot Size | 68 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹840.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹766.00 Cr) |
| Offer for Sale | 3,369,360 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Syrma SGS IPO Market Lot Sizes
Investors can bid for a minimum of 68 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Share | Amount |
| Retail (Min) | 1 | 68 | ₹14,960 |
| Retail (Max) | 13 | 884 | ₹194,480 |
| S-HNI (Min) | 14 | 952 | ₹209,440 |
| S-HNI (Max) | 66 | 4,488 | ₹987,360 |
| B-HNI (Min) | 67 | 4,556 | ₹1,002,320 |
Syrma SGS IPO Allotment & Listing Dates
Syrma IPO opens on August 12, 2022, and closes on August 18, 2022.
| IPO Open Date | Friday, August 12, 2022 |
| IPO Close Date | Thursday, August 18, 2022 |
| Basis of Allotment | Tuesday, August 23, 2022 |
| Initiation of Refunds | Wednesday, August 24, 2022 |
| Credit of Shares to Demat | Thursday, August 25, 2022 |
| Listing Date | Friday, August 26, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 18, 2022 |
Syrma SGS Company Financial
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
| 31-Mar-19 | 286.42 | 357.4 | 20.97 |
| 31-Mar-20 | 346.7 | 404.88 | 43.88 |
| 31-Mar-21 | 460.01 | 444.48 | 28.62 |
Syrma Sgs IPO Reservation
Syrma IPO offers 28,563,816 shares. 8,553,777 (29.95%) to QIB, 6,003,012 (21.02%) to NII, 14,007,027 (49.04%) to RII. 205,985 RIIs will receive minimum 68 shares and 2,101 (sNII) and 4,203 (bNII) will receive minimum 952 shares. (in case of oversubscription)
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 8,553,777 (29.95%) | NA |
| NII (HNI) Shares Offered | 6,003,012 (21.02%) | |
| bNII > ₹10L | 4,002,008 (14.01%) | 4,203 |
| sNII < ₹10L | 2,001,004 (7.01%) | 2,101 |
| Retail Shares Offered | 14,007,027 (49.04%) | 205,985 |
| Total Shares Offered | 28,563,816 (100%) |
Company Profile
Syrma SGS has been the preferred value creator for its customers over the last 40 years through innovative and efficient Electronic System Design and Manufacturing. We provide high-mix, flexible volume, precision OEM manufacturing. Our one-stop-solution electronics manufacturing services (EMS) include product design, quick prototyping, PCB assembly, Box build, repair & rework and automatic tester development services. Syrma SGS also offers OEM solutions for RFID tags & inlays and high-frequency magnetic components. We serve global OEMs in 20+ countries and have supplied several hundreds of million units.
We’ve met global OEM standards for numerous products, including disk drives, memory modules, power supplies, etc. Within the last decade, we’ve provided design, manufacture, and shipping to a market of over 200 million product units worldwide. We sustain long-term global partnerships to fit our clients’ unique needs, including inventory management and rubbing, fully coordinating factory-to-market logistics.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | syrma.ipo@linkintime.co.in |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Contact Details
| Name | Syrma SGS Technology Ltd |
| Phone number | 022 40363000 |
| Email ID | compliance@syrmasgs.com |
| Website | https://syrmasgs.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
