Syrma SGS Technology Limited

About Syrma SGS IPO

In the recently held 5G auction, the Indian government managed to garner bids worth ₹1.5 lakh crore. After the bidding war, telecom players are now on the verge of rolling out 5G services. Identifying this trend, Syrma SGS has started manufacturing modules for 5G technology infrastructure.

Similarly, the company is also looking to make inroads into the rapidly growing electric vehicles (EV) space. In 2020, it commenced manufacturing of controllers for the EV battery management systems. 

This flexibility, as well as the ability to sniff out opportunities, seems to have helped the company to become one of the fastest growing Indian-headquartered electronic system design and manufacturing (ESDM) companies. 

Today, the turnkey (end-to-end services) electronic manufacturing services company specialises in precision manufacturing for diverse end-use industries. Its products are used in various sectors including industrial appliances, automotive, healthcare, consumer products and IT.  The company can boast of operating through eleven manufacturing facilities in the north (i.e. Himachal Pradesh, Haryana and Uttar Pradesh) and south India (i.e. Tamil Nadu and Karnataka). 

And now, it is all set to launch the Syrma SGS IPO. The Syrma SGS Pvt Ltd IPO will be a combination for an offer for sale and a fresh issue. The money raised through the fresh issue will be used for funding the development of a R&D facility and expansion of manufacturing facilities. The proceeds will also be used for long term working capital requirements.

Here are some key details about Syrma SGS IPO:

Financial snapshot

How to check the Syrma SGS IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. This is also true in the case of the Syrma SGS IPO. 

The Syrma SGS IPO’s closing date is 18 August 2022. The Syrma SGS IPO’s allotment date has been set five days later, on 23 August 2022.

Here’s a step-by-step guide on how to check the Syrma SGS IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications' 
7. In ‘My applications’, under the History section, your allotment status will be mentioned

Here's a quick look at Syrma SGS IPO’s strengths, risks and threats

Strengths  

1. Diversified and expanded its product portfolio
2. Catered to over 200 customers of which 16 customers have been associated with it for over 10 years
3. Its products are distributed in India and overseas (over 19 countries), including the USA, Germany, Austria, and the UK
4. Around 43% of the total revenue came from exports in FY22 
5. Has 849 permanent employees and 3,886 persons employed as contract labour/temporary and retainership employees
6. Has a marquee customer base including TVS Motor, Robert Bosch Engineering and Business Solution and Eureka Forbes
7. Backed by a robust supplier network. Purchased raw materials and components from 1,669 suppliers
8. One of the leading printed circuit board assemblies (PCBA) manufacturers in India. This is used in various industries including automotive, IT and medical
9. Among the top key global manufacturers of custom Radio frequency identification (RFID) tags which are used in shipping, healthcare, manufacturing, retail and fintech industries

Risks and threats

1. Its top five customers accounted for 30% of the total revenue in fiscal 2022
2. The profitability could suffer if its cost management strategies are unsuccessful or its competitors develop an advantageous cost structure
3. Operates in a highly competitive space. It faces competition from large domestic as well as global companies including Dixon Technologies,  Flex and Cyient DLM
4. Retains a large number of contract labour. The non-availability of contract labour may have a material adverse impact on its operations
5. Its customers do not make long-term commitments and may cancel or change their production requirements
6. If the end-user demand is low, it may witness significant changes in orders from customers and may experience greater pricing pressures

Syrma SGS IPO details

| Syrma SGS IPO date 

The offer document filed by the company with the SEBI mentions that the Syrma SGS IPO’s opening date – in other words, the Syrma SGS IPO launch date – will be on 12 August 2022. The Syrma SGS IPO closing date is 18 August 2022. After this, investors will be updated about the allotment status on 23 August 2022. 

Investors, who have been allotted shares, can expect them to be credited in their demat account on 25 August 2022. The Syrma SGS IPO listing date is 26 August 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.  

| Syrma SGS IPO Price Band

The entire IPO is a book-built issue. The Syrma SGS IPO price band has been set between ₹209 and ₹220 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Syrma SGS IPO listing price will be determined on 26 August 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges. 

| Syrma SGS IPO Lot size

The Syrma SGS IPO details have been declared. The Syrma SGS IPO lot size is set at 68 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (884 shares). Meanwhile, the Syrma SGS IPO issue size is ₹840 crore.

How to apply for the Syrma SGS IPO?

If you are interested in this investment opportunity but unsure how to apply for the Syrma SGS IPO, here we are listing out the steps for you. 

Here’s a step-by-step guide on how to apply for the Syrma SGS IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Syrma SGS IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

Open a demat account with Upstox to apply for the Syrma SGS IPO

To apply for the Syrma SGS IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right?

Upstox – trading app to apply for the Syrma SGS IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the Syrma SGS IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.