Syrma SGS Technology IPO
Finally,
the dull period in the primary market is coming to an end with Syrma SGS
Technology IPO. The electronic manufacturing services firm Syrma SGS Technology
IPO is coming out with the IPO starting on 12th August. This IPO
will mark the end of dull period of two and half months of gap since the last
IPO.
Syrma SGS Technology IPO Details
Syrma
SGS Technology IPO size is Rs. 840 crores. You may apply for the IPO from 12th
August till 18th August. The price band per equity share has been
fixed at Rs. 209 – Rs. 220. The allotment will be finalised by 23rd
August and unsuccessful investors will receive the refunds by 24th
August. The equity shares will be credited in the demat account of eligible
shareholders by 25th August. The issue will comprise of fresh issue
of shares worth Rs. 776 crores and an offer for sale (OFS) of 33.69 lakh equity
shares held by Veena Kumari Tandon.
Objective of IPO
The
money received from the IPO will be utilised by the company for funding its
capital expenditure requirements including expansion, long term working capital
requirements, R&D facilities and meeting other regular corporate expenses.
About Company
Syrma
SGS Technology Limited is a Chennai based company. It was incorporated in 2004
and it is engaged in electronics manufacturing services. The company offers a
wide range of services and solutions to OEMs. The product portfolio of this
engineering and design company in electronic manufacturing services comprises
of the following;
· Motherboards
· Radio frequency identification (RFID) products
· Memory products, USB drives, etc.
· Printed circuit board assemblies (PCBA)
· Electromagnetic and electromechanical parts
57.2%
of the shareholding is held by promoters Veena Kumari Tandon, Jasbir Singh
Gujral, Sandeep Tandon and Tancom Electronics. Other investors holding approximately
9% in the company include Holdings LLC, South Asia Growth Fund II, and Malabar
Select Fund.
Financials
|
Period Ended
|
Total Assets (in crs)
|
Total Revenue (in crs)
|
Profit After Tax (in crs)
|
|
31-Mar-19
|
286.42
|
357.4
|
20.97
|
|
31-Mar-20
|
346.7
|
404.88
|
43.88
|
|
31-Mar-21
|
460.01
|
444.48
|
28.62
|
If you
are new to the stock market and want to apply for Syrma SGS Technology IPO you
may consider opening a demat account with Indira Securities.