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Syrma SGS Technology Ltd IPO

Price Range (₹)

Rs. 209 - 220 per share

Issue Size (₹ in Cr.)

Up to 840.1 Crores

Minimum Quantity

68 Shares

Bidding Period

Aug 12th-18th, 2022

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About the Company

- The company is a technology-focussed engineering and design company engaged in turnkey electronics manufacturing services, specialising in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.
- Has a track record of technical innovation. One of the leading PCBA manufactures in India. Also, amongst the top key global manufacturers of custom RFID tags. (Source: F&S Report and Company DRHP)

Strengths

One of the leading design and electronic manufacturing services companies in terms of revenue in fiscal 2021, driven by focus on quality and customer relationships
The company is among the large boquet of EMS players in India, is one of the fastest growing Indian-headquartered ESDM companies. Syrma SGS is one of the leading PCBA manufactures in India, supplying to various OEMs and assemblers in the market. (Source: F&S Report, Company DRHP)

Consistent track record of financial performance
The company demonstrated consistent growth in terms of revenue and profitability. Been able to increase total revenue from operations and profit after tax from fiscal 2019 to fiscal 2021 at a CAGR of 5.90%, 5.67% and 11.33% respectively.(Source: Company DRHP)

Established relationships with marquee customers across various countries.
The company has a history of strong customer retention. The products are distributed in India and overseas,in over 19 countries, including the USA, Germany, Austria, and UK. (Source: Company DRHP)

Risks

The strict quality requirements required to be compiled with by the company result in incurring significant expenses to maintain product quality.Any failure may adversely affect reputation, financial conditions, cash flows and results of operations.
Given the nature of products, customers have high and exacting standards for product quality as well as delivery schedules. Adherence to quality standard is a critical factor in manufacturing process as any defects or failure to comply with technical specifications may lead to cancellation of orders placed.(Source: Company DRHP)

Customers do not make long-term commitments and may cancel or change their production requirements. Such cancellations or changes may adversely affect financial condition, cash flows and result of operations.
The company generally do not obtain firm, long-term purchase commitments from its customers, and frequently do not have visibility as to their future demand for services.(Source: Company DRHP)

30 second IPO overview

Financials

Industry Trends

Subscription Status

Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
Overall

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    Fill in the required details

    Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

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    Confirm your request

    Click on proceed to confirm the order. You can view the placed order under “order book”.

  • lock-in of 3 years

    Select IPO

    Choose the IPO you want to apply from the list. Click on Apply.

  • lock-in of 3 years

    Fill in the required details

    Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years

    Confirm your request

    Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

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FAQs

An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.

A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).

Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.

If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.

Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.

When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.

An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.

ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.

In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.

Application under this facility can be placed only for Book Built Public Issues.

An investor can place maximum of 3 bids in an issue.

The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:

Login to ICICIdirect account >> IPO >> Name of IPO

Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.

Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.

However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment

No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.

If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.

In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.

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