The Offer is being made through the Book Building Process, wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders.

The IPO consists of a fresh issue of equity shares aggregating to Rs. 766 crore and an offer for sale (OFS) of up to 3,369,360 equity shares.

Leading EMS Company Syrma SGS Technology Limited has fixed the price band at Rs.209 to Rs.220 per Equity Share for its maiden public offer. 

The initial public offering  will open on Friday August 12, 2022, for subscription and close on Thursday, August 18, 2022. Investors can bid for a minimum of 68 Equity Shares and in multiples of 68 Equity Shares thereafter.

The IPO consists of a fresh issue of equity shares aggregating to Rs. 766 crore and an offer for sale (OFS) of up to 3,369,360 equity shares.

The Offer is being made through the Book Building Process, wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders.

Promoted and led by Sandeep Tandon and Jasbir Singh Gujral, Syrma SGS, is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services (“EMS”) specializes in precision manufacturing.

Syrma’s Proforma EBIDTA, considering SGS Tekniks and Perfect ID revenues from operations attributable to the industrial appliances industry, consumer products industry, automotive industry, IT industry and other industries grew at a CAGR of 15.83%, 15.11%, 37.40, 821.03% and 426.59%, respectively from Fiscal 2020 to Fiscal 2022.  

Dam Capital Advisors Limited, ICICI Securities Limited, and IIFL Securities Limited are the book running lead manager to the issue and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.