August 26, 2022
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Syrma SGS Technology IPO Analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, We are the Only Investment Platform in India, which has successfully completed 22 Years
Syrma SGS Technology Actual Listing : The scrip on 26 August listed at Rs. 260 ( issue price Rs. 220), Showed intraday high of Rs. 294
Syrma SGS Technology IPO Listing Estimate : The scrip will get listed on 26 August 2022, when the market is expected to open on weak note. The IPO though very strong has received so-so response from NIIs & RIIs. Considering all the aspects, We expect the listing to be around Rs. 270+/- Rs. 5.However if you continue to hold the shares, strong returns are expected in next 6 to 9 months. Hold.
For Chanakya’s Guidance for Syrma SGS Technology IPO, Click
Syrma SGS Technology Grey Market News Today #
On 26 August 2022
Grey Market Premium Rs. 52 No Trades
Allotted Application small :Rs. 2800
Syrma SGS Technology Latest Subscription
On 18 August 2022 @ 5.00 pm
QIB : 8533,777 Sh. 87.56 T
NII : 4002,008 Sh : 19.01 T (More than Rs. 10 L)
NII : 2001,004 Sh : 14.47 T ( Less than Rs. 10 L)
RII : 14007027 Sh : 5.53 T
Tot : 28563816 Sh : 32.61 T
Syrma SGS Technology Company Details
Syrma SGS Technology is a technology-focussed 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. According to the F&S Report, among the large bouquet of EMS players in India, we are one of the fastest growing Indian-headquartered ESDM companies. The Company has a track record of technical innovation which involves working with the engineering teams of the marquee customers, and over the years, it has evolved to provide integrated services and solutions to OEMs, from the initial product concept stage to volume production through concept co-creation and product realization. Its manufacturing infrastructure enables it to undertake a high mix of products with flexible production volume requirements. It is leaders in high mix low volume product management and are present in most industrial verticals. Further, it is one of the leading PCBA manufacturers in India, supplying to various OEMs and assemblers in the market.
The Company is also amongst the top key global manufacturers of custom RFID tags .
Its current product portfolio may be categorised as follows:
– Printed circuit board assemblies (“PCBA”): Its PCBAs are used in products manufactured in the automotive, medical, industrial, IT and consumer products industries, and shall include box-build products;
– Radio frequency identification (“RFID”) products: Our RFID products are used in products manufactured in the shipping, healthcare, manufacturing, retail and fintech industries;
– Electromagnetic and electromechanical parts, which include magnetic products like chokes, inductors, magnetic filters, transformer as well as high volume manufacturing assemblies: Its electromagnetic and electromechanical parts are used in products manufactured in the automotive, industrial appliances, consumer appliances and healthcare industries, among others; and
– Other products, which include motherboards, DRAM modules, solid state drives, USB drives and other memory products. For more information, click www.syrmasgs.com
The Promoters of Syrma SGS Technology
Sandeep Tandon , Jasbir Singh Gujral , Veena Kumari Tandon & Tancom Electronics Pvt Ltd
Syrma SGS Technology IPO Main Objects
The Offer comprises the Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Company proposes to utilise the Net Proceeds of the Fresh Issue towards funding of the following objects:
1. Funding capital expenditure requirements for development of a R&D facility and expansion / setting up of manufacturing facilities
2. Funding our long term working capital requirements
Syrma SGS Technology IPO Details
IPO opens on 12 August , 2022
IPO closes on 18 August,2022
Issue Type: Book Built Issue IPO
Issue : up to 38187542 Shares /Rs 840.12 Crore
* Fresh Issue of 34818182 Sh/ Rs.766 Cr
* Offer for Sale Up to 3,369,360 Sh/ Rs 74.12 Cr
Face Value per share : Rs. 10
Syrma SGS Technology IPO Price Band Per Equity Share: Rs. 209-220
Syrma SGS Technology IPO Retail Lot Size 68 Shares
Syrma SGS Technology Listing will at BSE,NSE
Shares offered to
QIB (50 %) 19093771 Shares = Rs 420.06 Cr
NII (15 %) 5728131 Shares = Rs 126.02 Cr
RII (35%) 13365640 Shares = Rs 294.04 Cr
Emp (?%) Nil Shares = Rs NIL Cr
Lot size: 68 Shares = 196553 Forms
Min Retail Application : 68 Sh , Rs. 14960
Max Retail Application : 884 Sh, Rs 194480
Syrma SGS Technology IPO Tentative Time Table
Syrma SGS Technology IPO Allotment on 23 August 2022
Unblocking of ASBA 24 August 2022
Credit to Demat Accounts 25 August 2022
Listing on 26 August 2022
Syrma SGS Technology IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 6.42
Earnings per Share 2020-21,Rs 4,58
Earnings per Share 2021-22 Rs 5.25
Return on Net Worth: 19-20 22.14 %
Return on Net Worth: 20-21: 13.09 %
Return on Net Worth: 20-21 : 13.58 %
Equity Shares prior to the IPO : 137,617,853 Shares
Book Value of the Share as on 31.3.2022 Rs 42.36
NAV per Equity Share after the Offer Rs. 82.78
Ratio Analysis
Upper Price Band/last EPS : 44.27
Upper offer price/Book Value Ratio : 5.19
Upper offer price/BV after IPO Ratio : 2.66
Syrma SGS Technology IPO Peer Comparison:
Dixon [email protected] PE Multiple of 110.76
Amber [email protected] PE Multiple of 75.54
Syrma SGS Technology IPO Lead Managers
Dam Capital Advisors, ICICI Securities, IIFL Securities
Registrar to Syrma SGS Technology IPO
Linkintime India Pvt Ltd.
Registered Office of Syrma SGS Technology
Unit No. 601, 6th Floor, Floral Deck Plaza, MIDC, Andheri (East), Mumbai 400 093,
Company Secretary & Compliance Officer : Rahul N Sinnarkar
#This is only coverage of News related to Grey Market . We donot deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
DEAR ADMIN
YOUR SUGGESTION FOR LISTING ESTIMATE IS PENDING SO…..PLZ UPDATE US ABOUT YOUR LISTING ESTIMATE
Can it be next dixon, chip is in huge shortages in india , good potential to enter in chip business.
It’s like open around 300rs.very good company and long-term touch 500rs
I think it is attractive IPO. We can go for listing gain about 20% to 30% and also for long term.
Issue appears good. One can apply. Do not look at GMP, which obviously is low, due to current geopolitical issues.
High valuation, may be open with discounted price like glenmark life science
Overpriced. Will open in discount
Anchor investment portion will open on 11th August. More insight of listing gains will come from Anchors.
Adminji,
I think, this company and Dixon and Amber cannot be strictly compared. There must be some differance in the products they manufacture for other brands.Pl elaborate this aspect in your IPO Guidance
Sir, What will be holding of the promoters’ subsequent to IPO ? Is it okay?
PE ratio and IPO price to Book value after the IPO are at very impressive and attractive levels. Can be applied with confidence.
Wait for listing gains will be long due to holidays.Will apply in my all 10 accounts since bumper listing expected
MUST APPLY IPO. Bumper listing 100%
Year 21-22 performance is impressive. GMP will be strong by today evening
Bumper subscription is 100%.
The interest cost for the NII will shoot up now.also due to higher interest rates by the banks and NBFCs
Sir, Even today, you are the first to update about the price band, lot and other details. Congratulations.
The price is very attractive and I am sure, this IPO will received solid over subscription
Eagerly awaiting IPO guidance from PG sir once the price and timetable is declared.
Admin sir,
Happy that you are providing updates on timely basis. The readers must be appreciating your frequent updates.
Sir, Detailed in analysis in today’s Chanakya. Pl provide oversubscription analysis and listing estimate in the next issue of Chanakya
Large portion is retained for the retail applicants. That is good thing of this IPO
Look at the book value of Rs. 28.80. If the price comes at Rs. 250, the price to book value ratio will be very high. Yet even than , there is good scope for listing gains.
@ Irrelevant sir,
Good to see you back in Action.Pl provide your detailed calculations and estimate of oversubscription. Eagerly awaiting your comments every day.
GMP on 7th August 2022
Rs. 28
The premium is expected to move up once the price is band is announced on Monday . Strong fancy in the grey market is due for this IPO.
Admin,
I appreciate, that you have comment approval system. This keeps dirty comments at bay. and site more interesting.
Happy Days are here again. Good that this new IPO season starts with such good IPO. The company will receive bumper subscription, grey market players will have strong volumes and retail investors will make hand some profits.
The beauty of this site is they have genuine comments and not dummy comments/ comments under dummy names.
Offer to Retail 35 %.
So offer size is relatively small. Huge oversubscription expected. Just wait and watch.
Segment to which this company operates is interesting and both peer companies enjoy strong fancy among the investors. At Rs. 250, this IPO will sail through easily.
Even Gujarat Polysol IPO appears to be impressive.
The IPO details show earnings per share of Rs. 4.58 and if the price band at upper level comes to Rs. 250, then, the share is offered at just 54/55 pe multiple and I believe, there is wide room for the profit.
Must apply and genuine IPO after long time.
Price band final announcement expected on Monday eg 8th August and I believe from that day strong volumes will be seen in Grey market. Buy at the opening saudas and strong rally will be seen
Good omen … After long time, we have mainboard IPO and that too at very attractive valuation.
Must apply. huge oversubscription expected.
Strong fancy will be seen in the grey market.
Sir, If the price band comes at Rs. 250, then it will bring in huge profits to the retail investors.
The company has done some impressive pre IPO allotment as under:
1724137 shares to Malabar fund
344828 shares to Malabar midcap fund
1310345 shares to IIFL special opportunities fund
413793 IIFL special opportunities fund series 10
All these shares are allotted at Rs. 290.
So price band if comes at Rs. 220/250 will be well accepted .
ROC documents have been filed and now dates are final .
It is from 12th August to 17 & 18 August.
Price band Rs. 220 to 250 expected.
Tentative Timetable
Basic of Allotment : 23 August
Intiation of Refund : 24 August
Credit ofShares : 25 August 2022
IPO listing date : 26 August 2022