Syrma SGS Technology
Mainboard₹840 Cr issue
+19.09%
Listing gain over issue price
Issue size
₹840 Cr
1 lot at cut-off
₹14,960
Lot size
68shares
Open
12 Aug 2022
Close
18 Aug 2022
Allotment
23 Aug 2022
Listing
26 Aug 2022
Listing performance
Issue price
₹220
Listed at
₹262
Listing-day close
₹313.05
Latest price
₹1,433.10
Close on 23 Oct 2026
Listing gain
+19.09%
Return since issue
+551.41%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 12 Aug 2022 – 18 Aug 2022
- Listing date
- 26 Aug 2022
- Face value
- ₹10 per share
- Issue price
- ₹220 per share
- Lot size
- 68 shares
- Total issue size
- ₹840 Cr
- Market cap at offer price
- ₹3,877 Cr
- Promoter holding
- 61.47% → 50.19% pre-issue → post-issue
- ISIN
- INE0DYJ01015
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Dam Capital Advisors Ltd.
- Registered office
- Plot B27, Phase II, Zone B, MEPZ-SEZ, Sanatorium, Tambaram, Tamil Nadu
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 1,14,56,261 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 68 shares per lot, in multiples, at ₹220
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 68 | ₹14,960 |
| Retail (max) | 13 | 884 | ₹1,94,480 |
| S-HNI (min) | 14 | 952 | ₹2,09,440 |
| S-HNI (max) | 66 | 4,488 | ₹9,87,360 |
| B-HNI (min) | 67 | 4,556 | ₹10,02,320 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
1,14,56,261
Anchor portion
₹252 Cr
at ₹220 per share
Valuation and performance
Valuation at offer price
₹220 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 2.69 | — |
| P/E (×) | 81.78 | — |
| Market cap | — | ₹3,877 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 7.83%
- ROCE
- 18.39%
- Debt / equity
- 0.24
- PAT margin
- 6.00%
- EBITDA margin
- 10.02%
- NAV per share
- ₹39.52
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Syrma SGS Technology
Syrma SGS Technology Limited, incorporated in August 2004 and converted to public company status in October 2021, is a turnkey electronics manufacturing services (EMS) provider. The company operates through 11 manufacturing facilities across India and serves over 200 customers globally across 24+ countries. According to the F&S Report, it is one of the fastest-growing Indian-headquartered ESDM companies. The company has evolved to provide integrated services from initial product concept stage to volume production through concept co-creation and product realization, working closely with OEM and ODM customer engineering teams. Revenue for FY2022 (consolidated) was ₹10,324.08 million with profit after tax of ₹566.74 million.
Company Analysis
from RHPSyrma SGS Technology Limited is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services (EMS) specializing in precision manufacturing for diverse end-use industries.
Syrma SGS Technology Limited, incorporated in August 2004 and converted to public company status in October 2021, is a turnkey electronics manufacturing services (EMS) provider. The company operates through 11 manufacturing facilities across India and serves over 200 customers globally across 24+ countries. According to the F&S Report, it is one of the fastest-growing Indian-headquartered ESDM companies. The company has evolved to provide integrated services from initial product concept stage to volume production through concept co-creation and product realization, working closely with OEM and ODM customer engineering teams. Revenue for FY2022 (consolidated) was ₹10,324.08 million with profit after tax of ₹566.74 million.
Electronics Manufacturing Services (EMS)Electronics System Design and Manufacturing (ESDM)Healthcare devicesIndustrial appliancesConsumer electronics
Objects of the Issue
- Funding capital expenditure requirements for development of a R&D facility and expansion / setting up of manufacturing facilities ₹4,030.00 million p.22
- Funding working capital requirements ₹1,315.80 million p.22
- General corporate purposes p.23
- Not stated in this section of the document
- Funding capital expenditure requirements for development of a R&D facility and expansion / setting up of manufacturing facilities ₹ 4,030.00 million p.109
- Funding our working capital requirements ₹ 538.43 million (Fiscal 2023) + ₹ 777.37 million (Fiscal 2024) = ₹ 1,315.80 million total p.129
- General corporate purposes [●] p.132
- Setting up manufacturing facilities p.233
- Fresh Issue of equity shares by the Company ₹7,660.00 million p.660
Issue Structure
- Total Issue
- Up to [●] Equity Shares aggregating up to ₹ [●] million
- Fresh Issue
- Up to [●] Equity Shares aggregating up to ₹7,660.00 million
- Offer for Sale
- Up to 3,369,360 Equity Shares aggregating up to ₹ [●] million by Veena Kumari Tandon
- Price Band
- [●] per Equity Share (Floor Price) to [●] per Equity Share (Cap Price)
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares
- Face Value
- ₹10 each
Business Model
The company earns revenue through turnkey electronics manufacturing services, providing precision manufacturing for diverse end-use industries including healthcare, industrial appliances, and consumer electronics. It offers integrated services from product concept to volume production and generates accounts receivable through manufacturing services provision to OEM and ODM customers globally.
Business Segments
Turnkey electronics manufacturing services, specializing in precision manufacturing including PCBA, assembly, and related services for OEMs and ODMs
Manufacturing and assembly of electronic components and PCBA for automotive industry customers
Manufacturing and assembly of electronic components and PCBA for consumer electronics industry customers
Manufacturing and assembly of electronic components and PCBA for healthcare industry customers
Manufacturing and assembly of electronic components and PCBA for industrial applications customers
Manufacturing and assembly of electronic components and PCBA for information technology industry customers
Manufacturing and assembly of electronic components and PCBA for railways and other industry customers
Electronics manufacturing services for automotive industry
Electronics manufacturing services for consumer products industry
Electronics manufacturing services for healthcare industry
Electronics manufacturing services for industrial appliances and industrial applications
Electronics manufacturing services for IT industry
Electronics manufacturing services for railways and other industries
Manufacturing of components including hall sensor PCBAs, vehicle tracking systems, toll management systems, lighting system boards, and EV battery management system controllers
Manufacturing of automatic dimmers, induction cooktop components, boiler management PCBA units, energy-efficient inverters, and air conditioner control PCBAs
Manufacturing of dental X-ray FPGA controllers, X-ray machine PCBAs, PCBAs for smart canes for visually challenged people, augmented reality equipment for ophthalmology, and baby care CPAP ventilators
Manufacturing of industrial PCBAs, components, and assemblies serving industrial appliances and manufacturing sectors
Manufacturing of high precision coils for hard disk drives, USB drives, motherboards, DRAM modules, and solid state drives
Manufacturing and assembly of PCBAs used in automotive, medical, industrial, IT and consumer products industries including box-build products
Manufacturing of custom RFID tags and passive inlay tags used in shipping, healthcare, manufacturing, retail and fintech industries
Printed Circuit Board Assembly - manufacturing various types of PCBs ranging from flexible PCBs to 28-layer PCBs, used in automotive, medical, industrial, IT and consumer products industries including head & tail lamps, fuel dispensing controllers, EV-BCU, ECU, BMS, CPU boards, electronic interlocking systems, LED display modules, processor modules, radar target trackers, and other applications
Radio Frequency Identification products - manufacturing RFID tags for asset tracking and authentication, with applications in shipping, healthcare, manufacturing, retail and fintech industries including pet and livestock tracking, inventory management, asset tracking, vehicle tracking, and access control
Manufacturing standard electromagnetic components like chokes, inductors, magnetic filters, transformers as well as high volume manufacturing assemblies used in automotive, industrial appliances, consumer appliances and healthcare industries, used in power supply products, DC converters, and chargers
Manufacturing information technology related products including motherboards, DRAM modules, SSD and USB drives used in manufacture of computers, laptops, video games and data storage devices
Provides quick prototyping services, design services, quick prototype services and infrastructure for developing enclosures and other mechanical elements to provide end to end design services solution
Manufacturing of electronic sub-assemblies, assemblies, box builds, disk drives, memory modules, power supplies, fiber optic assemblies, magnetic induction coils, and RFID products
Other operating activities including miscellaneous revenue streams
Manufacturing and supply of electronic sub-assemblies, assemblies, box builds, disk drives, memory modules, power supplies/adapters, fiber optic assemblies, magnetic induction coils and RFID products and other electronic products
Other ancillary services and operations
Provides electronic manufacturing services including manufacture and sale of electronic goods and related services
Other operating revenues and services
Manufactures electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies/adapters, fiber optic assemblies, magnetic induction coils and RFID products
Provider of electronic manufacturing goods and related services with four manufacturing locations in India (Gurgaon, Manesar, Baddi, Bangalore) and design and development centers at Stuttgart, Germany and Gurgaon, India
India's first fully automated RFID tag manufacturing company and leading developer and manufacturer of high quality and smart UHF RAIN RFID inlays and tags
SWOT Analysis
Strengths
- • Significant export revenue generation(p.46)
- • Multiple quality certifications and accreditations(p.53)
- • Diversified customer base across multiple end-use industries(p.49)
- • Revenue and profitability growth trajectory(p.54)
- • Leading position in high-mix low-volume PCBA and EMS manufacturing(p.142)
- • Diversified customer base across multiple industries(p.137)
- • Strong R&D capabilities with dedicated facilities(p.142)
- • Strategically located manufacturing network across India(p.142)
- • Established relationships with marquee customers(p.137)
- • One of the fastest growing Indian-headquartered ESDM companies with leading market position(p.218)
- • Leaders in high-mix low-volume product management across industrial verticals(p.218)
- • One of the leading PCBA manufacturers in India(p.218)
- • Top global manufacturer of custom RFID tags(p.218)
- • Manufacturing facilities in SEZs with tax and other incentive benefits(p.193)
- • All manufacturing facilities hold international quality and environmental certifications(p.220)
- • Strong customer retention with 16 customers associated for over 10 years(p.220)
- • Diversified product portfolio across multiple end-use industries reducing dependence on any single sector(p.224)
- • Strong export presence and foreign exchange hedge(p.225)
- • Customer-centric approach with rapid turnaround time(p.225)
- • State-of-the-art manufacturing with geographic and production flexibility(p.225)
- • Advanced PCBA manufacturing capabilities with low defect rates(p.225)
- • Vertical integration in electromagnetic components reduces procurement lead time(p.226)
- • Diverse global supplier network provides supply chain resilience(p.226)
- • Experienced management team with 30+ years EMS sector expertise(p.226)
- • Advanced R&D capabilities across multiple locations(p.237)
- • State-of-the-art manufacturing facilities with key industry accreditations(p.298)
- • Diversified product portfolio across electronic sub-assemblies and specialized components(p.298)
- • Strong revenue growth trajectory(p.333)
- • Growing profitability with improving profit margins(p.291)
- • Diversified revenue base across geographies(p.347)
- • Strong revenue growth trajectory(p.385)
- • Significant expansion through acquisitions(p.373)
- • Multiple manufacturing facilities with key accreditations(p.390)
- • Strong capital position post-expansion(p.383)
- • Recent strategic acquisitions expanding manufacturing footprint and service portfolio(p.494)
- • Established multi-location manufacturing with state-of-the-art facilities and key accreditations(p.494)
- • Revenue scale and growth trajectory across combined entity(p.476)
Weaknesses
- • No long-term customer commitments; customers can cancel or change orders without notice(p.34)
- • High concentration of revenue in four manufacturing facilities (over 75%)(p.43)
- • Top five customers represent significant portion of revenue (29-41% across years)(p.37)
- • Promoters have provided personal guarantees for company borrowings(p.38)
- • Heavy dependence on imports for raw materials (74.18% in FY2022)(p.42)
- • Only 71.16% of total assets are insured as of March 31, 2022(p.39)
- • High inventory levels and working capital requirements(p.47)
- • Dependence on contract labour(p.56)
- • Geographic concentration of manufacturing facilities(p.53)
- • Reliance on leased manufacturing facilities(p.58)
- • Dependence on key personnel(p.58)
- • Declining debt service coverage ratio(p.55)
- • Heavy concentration among top customers(p.137)
- • Inadequate insurance coverage relative to asset base(p.137)
- • High dependence on imported raw materials(p.137)
- • Cost overruns and delays in capex projects(p.35)
- • Declining EBITDA margin from 16.78% in FY2020 to 11.34% in FY2022 on proforma basis(p.222)
- • Declining PAT margin from 10.57% in FY2020 to 6.04% in FY2022 on proforma basis(p.222)
- • Declining ROE from 22.14% in FY2020 to 13.58% in FY2022 on proforma basis(p.222)
- • Negative operating cash flow to EBITDA ratio of -7.72% in FY2022 on proforma basis indicating working capital challenges(p.222)
- • Increased net debt from ₹46.20 million in FY2020 to ₹1,191.98 million in FY2022 on proforma basis(p.222)
- • Significant dependence on few major customers(p.228)
- • Concentration of revenue in few manufacturing facilities(p.234)
- • High proportion of imported raw materials creates cost volatility(p.239)
- • Concentration of trade receivables among few customers(p.319)
- • Significant increase in current borrowings(p.330)
- • High inventory levels relative to operations(p.319)
- • Contingent litigation with erstwhile customer(p.339)
- • Concentration among few major customers(p.347)
- • Margin pressure from input costs(p.367)
- • Elevated debt levels from bridge financing(p.364)
- • Negative working capital position(p.367)
- • Profit margin decline(p.367)
- • Significant goodwill arising from acquisitions requiring monitoring for impairment(p.501)
- • High leverage with substantial current and long-term borrowings(p.468)
- • Variance between quarterly returns filed with banks and books of accounts indicating potential control issues(p.461)
- • Historical disputes relating to income tax assessments across multiple years(p.461)
- • Concentration in cost of materials and impact on profitability margins(p.616)
- • Significant dependence on working capital facilities and short-term borrowings(p.623)
- • Declining operating margins despite revenue growth(p.617)
- • Litigation exposure related to customer disputes(p.637)
- • Complex multi-party governance structure with multiple veto holders limiting operational flexibility(p.729)
- • Extended lock-in period for SGS Shareholders restricting exit flexibility for 90 months(p.737)
- • Investor lock-in of 72 months for transfers to competitors limiting investor exit options(p.740)
Opportunities
- • Expansion of manufacturing capacity and geographic reach(p.54)
- • Growth in electronics manufacturing services sector(p.48)
- • Eligibility for production-linked incentive schemes(p.62)
- • Expansion into new manufacturing locations(p.108)
- • Increasing demand across industrial verticals(p.142)
- • Growth in India's EMS manufacturing sector(p.142)
- • Working capital funding to support growth(p.129)
- • Strategic acquisitions and integration capability(p.95)
- • Indian EMS market expected to grow at 30.3% CAGR from FY21 to FY26(p.186)
- • Indian electronics market growing at 25.5% CAGR to reach ₹20,873 billion by FY26(p.221)
- • Domestic production expected to increase from 74% to 96% of total electronics market by FY26(p.221)
- • China+1 strategy creating opportunities as 20-30% of industrial firms expected to leave China(p.183)
- • Government PLI scheme providing 3-6% incentives on incremental sales for mobile phones and electronics components(p.183)
- • Electric mobility market in EMS expected to grow at 42.8% CAGR from FY21 to FY26(p.209)
- • Automotive electronics market growing at 20.6% CAGR to reach ₹58 billion by FY26(p.210)
- • Telecom market growing at 20.8% CAGR to reach ₹82 billion by FY26(p.211)
- • Massive growth potential in LED lighting EMS market(p.229)
- • Strong growth in medical devices EMS market(p.229)
- • Aerospace and defence sector expansion in India(p.229)
- • Wallet share expansion opportunity with existing multinational customers(p.228)
- • Strategic acquisitions to expand product portfolio and geography(p.227)
- • Growing customer base through diversification and new offerings(p.228)
- • Expansion of manufacturing capacity through capital investments(p.339)
- • Geographic expansion through strategic acquisitions(p.293)
- • Revenue diversification through international markets(p.333)
- • Growth in Electronic Manufacturing Services segment(p.333)
- • Expansion into new market segments(p.366)
- • Improved working capital management(p.366)
- • Organic growth potential from increased sales(p.367)
- • Integration of Perfect ID's RFID technology capabilities with existing manufacturing portfolio(p.494)
- • Geographic expansion through international operations and subsidiaries(p.494)
- • Leveraging Pre-IPO capital infusion for organic and inorganic growth(p.461)
- • Planned expansion into new manufacturing facilities(p.624)
- • Entry into new end-use industries and market segments(p.618)
- • Investment in associate companies and strategic partnerships(p.624)
- • Export growth and market expansion opportunities(p.624)
- • Pre-emptive and right of first refusal mechanisms enable minority shareholders to maintain stake and participate in future fundraising(p.732)
- • Preference share structure with liquidity preference provides downside protection and preferential exit economics(p.746)
- • Anti-dilution rights ensure investor protection in pricing of future equity issuances(p.733)
- • Board representation and observer rights provide governance visibility and influence over strategic decisions(p.724)
- • Reserved matters veto rights over material corporate actions protect shareholder interests(p.749)
Threats
- • Global semiconductor shortage impacts raw material costs and supply(p.42)
- • Ongoing COVID-19 pandemic uncertainty affecting global operations and demand(p.40)
- • Exposure to foreign exchange volatility with 54.77% of FY2022 revenue from exports(p.41)
- • Dependence on third-party suppliers; risk of supply chain disruptions(p.41)
- • Regulatory restrictions on imports could limit raw material availability(p.42)
- • Global economic uncertainty and geopolitical risks affecting customer demand(p.38)
- • Foreign exchange rate fluctuations impact on export revenues(p.46)
- • Unplanned manufacturing shutdowns and operational disruptions(p.46)
- • Changes in safety, health, environmental and labour regulations(p.46)
- • Demand forecasting errors and inventory management risks(p.47)
- • Evolving technology and rapid product obsolescence(p.48)
- • Intense competition in electronics manufacturing services(p.51)
- • Economic slowdown and macroeconomic volatility(p.64)
- • Regulatory and policy changes affecting business operations(p.65)
- • Dependence on end-use industry demand(p.50)
- • Regulatory and statutory compliance requirements(p.129)
- • Currency and commodity price volatility(p.115)
- • Global competition and market cyclicality(p.115)
- • Supply chain disruptions and vendor concentration(p.129)
- • High competition with 30+ organized EMS players in India, with top 3 players controlling 28.5% market share(p.191)
- • Global EMS players like Flex, Sanmina, Jabil, Foxconn present in India with established operations(p.191)
- • Rising labor costs in India with workforce age bracket implications(p.183)
- • Import substitution expected to reduce from 21% to 12.6% of total market by FY25, reducing market growth drivers(p.183)
- • Global economic growth moderating from 5.6% in 2021 to 3.3% by 2025(p.167)
- • India's real GDP growth expected to moderate from 8.3% in 2021 to 6.6% by 2025(p.167)
- • Dependence on imported raw materials and components for 61.42% of cost in FY2022(p.220)
- • Intense competition from large global EMS players and Chinese manufacturers(p.241)
- • Dependence on Chinese manufacturing as cost alternative creates geopolitical risk(p.228)
- • Risk of tariff fluctuations and regulatory changes in key markets(p.244)
- • Foreign exchange volatility risk on imported components(p.239)
- • Supply chain disruptions from single points of failure despite diversification(p.226)
- • Foreign exchange exposure and volatility(p.334)
- • Reliance on working capital facilities from banks(p.330)
- • External Commercial Borrowing exposure to foreign interest rates(p.326)
- • Outstanding export obligations under EPCG scheme(p.339)
- • Dependence on commodity and input price volatility(p.363)
- • Loss of SEZ tax benefits(p.367)
- • Foreign exchange risk exposure(p.360)
- • COVID-19 pandemic impact(p.377)
- • Exposure to foreign exchange volatility through international operations and receivables(p.485)
- • Pandemic-related uncertainties affecting operations and financial position(p.461)
- • Dependence on external funding and working capital financing from banks(p.461)
- • Compliance challenges with Foreign Exchange Management Act requirements(p.461)
- • Exposure to foreign exchange volatility in operations(p.624)
- • Interest rate risk from floating rate debt obligations(p.625)
- • Credit risk from customers and financial counterparties(p.625)
- • Liquidity risk from refinancing and debt obligations(p.625)
- • Regulatory and compliance risks related to manufacturing permits and approvals(p.640)
- • Complex multi-party shareholders' agreement structure creates potential for governance deadlocks and operational delays(p.728)
- • Entrenched articles requiring unanimous shareholder consent for any amendments limit future governance flexibility(p.725)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Sandeep Tandon | Promoter | Nil | — |
| Jasbir Singh Gujral | Promoter | 8.89% | — |
| Veena Kumari Tandon | Promoter/Promoter Selling Shareholder | 3.45% | — |
| Tancom Electronics Private Limited | Promoter | 44.78% | — |
| Sandeep Tandon | Promoter | — | — |
| Veena Kumari Tandon | Promoter / Selling Shareholder | — | — |
| Tancom Electronics Private Limited | Promoter | 44.78% | [●] |
| Jasbir Singh Gujral | Promoter | 8.89% | [●] |
| Veena Kumari Tandon | Promoter and Selling Shareholder | 3.45% | [●] |
| Sandeep Tandon | Promoter/Executive Chairman | — | — |
| Jasbir Singh Gujral | Promoter/Managing Director | — | — |
| Sandeep Tandon | Promoter | — | — |
| Jasbir Singh Gujral | Promoter | 8.89% | — |
| Veena Kumari Tandon | Promoter | 3.45% | — |
| Tancom Electronics Private Limited | Promoter Group | 44.78% | — |
| Tancom Electronics Private Limited | Promoter | 93.30% | 46.01% |
| Mr Jasbir Singh Gujral | Promoter | — | 9.13% |
| Mr Sanjiv Narayan | Promoter | — | 9.13% |
| Mr Ranjeet Singh Lonial | Promoter | — | 9.13% |
| Mr Krishna Kumar Pant | Promoter | — | 9.13% |
| Tancom Electronics Private Limited | Entity with significant influence over Company (w.e.f 22 October, 2021) | — | — |
| Sandeep Tandon | Promoter/Executive Chairman | — | — |
| Tancom Electronics Private Limited | Promoter | 93.30% | 46.01% |
| Jasbir Singh Gujral | Promoter | — | 9.13% |
| Sanjiv Narayan | Promoter | — | 9.13% |
| Ranjeet Singh Lonial | Promoter | — | 9.13% |
| Krishna Kumar Pant | Promoter | — | 9.13% |
| South Asia Growth Fund II Holdings, LLC | Promoter | — | 7.74% |
| Veena Kumari Tandon | Promoter | 4.46% | 3.55% |
| Veena Kumari Tandon | Selling Shareholder | — | — |
| Sandeep Tandon | Primary Promoter / First Promoter | — | — |
| Tancom Electronics Private Limited | Primary Promoter / Second Promoter | — | — |
| Veena Kumari Tandon | Third Promoter | — | — |
| South Asia Growth Fund II Holdings LLC | Investor Fund | — | — |
| South Asia EBT Trust | Co-investor | — | — |
| SGS Shareholders | SGS Shareholders / Promoter Group | — | — |
Leadership
Sandeep Tandon · Executive Chairman
Bijay Kumar Agrawal · CFO
Rahul N Sinnarkar · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Syrma SGS Technology IPO FAQs
What is the lot size of Syrma SGS Technology IPO?
The minimum lot size of Syrma SGS Technology IPO is 68 shares. One lot costs ₹14,960 at the cut-off price.
When does Syrma SGS Technology IPO open and close?
Syrma SGS Technology IPO opened for subscription on 12 Aug 2022 and closed on 18 Aug 2022.
What is the listing date of Syrma SGS Technology IPO?
Syrma SGS Technology IPO listed on 26 Aug 2022.