Sgs ipo gmp today

Syrma SGS Syrma SGS is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services (EMS) that specialises in precision manufacturing. Its customers include TVS Motor Company, AO Smith The book-running lead managers for the issue are DAM Capital, ICICI Securities, and IIFL Securities. The equity shares are likely to be listed on both BSE and NSE. Syrma SGS A day before the subscription for Syrma SGS Technology IPO opens, in the grey market, shares were seen trading at 7 per cent or Rs 15 premium at Rs 235, against the IPO price at the upper band. However, stock market analysts warned IPO investors to make an investment decision only on the basis of GMP. They said that GMP is unofficial and non-regulated data. It has nothing to do with the company’s financials. They advised investors to look at the concrete fundamentals available on the balance sheet of the company. Syrma SGS Technology IPO: Financials Syrma reported a 16.6 percent on-year growth in proforma profit (which assumes the acquisition of SGS Tekniks and Perfect ID in April 2019) at Rs 76.46 crore for the year ended March 2022 on the strong top line and operating performance. Proforma revenue from operations grew by 43 percent to Rs 1,266.6 crore and EBITDA increased by 23 percent to Rs 143.70 crore compared to the year ending March 2021. EBITDA is earnings before interest, tax, depreciation, and amortisation. Syrma SGS Technology IPO: Objective Syrma will utilise its f...

Syrma SGS Technologies IPO: Subscription Status According to stock market data, the issue received bids for 64.8 million shares against the 28.6 million shares on offer. The portion reserved for high net worth individuals was subscribed 3.58 times while the retail investors’ portion received bids for 2.66 times the shares set aside for them. The qualified institutional buyers’ portion was undersubscribed at 0.71 times. Syrma SGS Technology IPO: Issue Size, Price Band The electronics system design and manufacturing company, Syrma SGS Technology, aims to raise Rs 766 crore through the issue and Rs 74.12 crore via offer for sale at the upper price band. The price band for the offer has been fixed at Rs 209-220 a share. Syrma SGS Technologies IPO: Financials During FY20, FY21, and FY22, the company reported its revenues at Rs 2,804.3 Mn, Rs 1,931.3 Mn and Rs 2,521.2 Mn, out of which 70.0 per cent, 43.9 per cent and 39.0 per cent, respectively were attributable to its original design manufacturing services. The company has a comprehensive product portfolio with applications across diverse end-use industries. Its products primarily focus on ODMs and OEMs serving enduse industries, including the automotive, healthcare, IT, industrial appliances, energy management, water purification, power supply and consumer products industries. The net proceeds from the fresh share issue will be utilised for funding capital expenditure requirements to expand manufacturing and R&D facilities and...

Premium Syrma SGS Technologies IPO: Why has the public offer got a good response? Syrma SGS Technologies IPO, GMP Today: The IPO was subscribed 2.27 times Wednesday. Its public offer received bids for 6.48 crore equity shares against the IPO size of 2.85 crore shares, as per the data available on exchanges. The initial public offering of Chennai-based technology-focused engineering and design company, Syrma SGS Technology, was subscribed 2.27 times Wednesday. Syrma’s public offer received bids for 6.48 crore equity shares against the IPO size of 2.85 crore shares, as per the data available on exchanges. The company’s IPO includes Rs 766 crore in fresh shares and Rs 74 crore worth of secondary share sale – that is shares that will be offloaded by promoters during the IPO. Also Explained | Subscription to Syrma’s IPO was primarily led by non-institutional investors who put in bids 3.58 times their reserved portion. Retail investors bought shares 2.66 times the allotted quota and the portion of the offer set aside for qualified institutional buyers (QIBs) was subscribed 71%. The company’s IPO will close on Thursday, August 18. How is the company’s financial health and what are the risks in its business? What do Syrma’s financial numbers look like? The company posted revenue growth of 43% to Rs 1,267 crore in FY22 compared to the year ended March 2021. The company’s net profit grew by 17% to Rs 76.46 crore in March 2022. What does Syrma manufacture? According to the company’s ...

Syrma SGS Technology latest IPO GMP Today is ₹48(+/-2), last updated on Aug 26th 2022 10:20 AM. Given at the price band of 220, the estimated listing price for the Syrma SGS Technology IPO is ₹268 (cap price + today's GMP). The expected gain/loss per share in terms of percentage is 21.82%.• Syrma SGS Technology IPO Retail Subject to Sauda: ₹2600 • Syrma SGS Technology IPO Small HNI Subject to Sauda: ₹38000 • Syrma SGS Technology IPO Big HNI Subject to Sauda: ₹38000 We update GMP on daily basis and based on the last 18 sessions grey market activities, Today's IPO GMP trend indicates Upside and expects a strong listing. With this, retail investors should apply in this IPO with full force. The lowest GMP is recorded at ₹15 while the highest GMP is ₹58. Stay tuned with us to know the day-by-day Syrma SGS Technology IPO GMP Performance along with its expected listing price. Syrma SGS Technology Day-wise IPO GMP Trend GMP Date GMP S2S Estimated Listing Price Last Updated Time 26-08-2022 ₹48 2600 ₹268 (21.82%) 26-Aug-2022 09:20:17 AM 25-08-2022 ₹55 3000 ₹275 (25.00%) 25-Aug-2022 03:31:35 PM 24-08-2022 ₹48 3200 ₹268 (21.82%) 24-Aug-2022 10:11:06 AM 23-08-2022 ₹50 2700 ₹270 (22.73%) 23-Aug-2022 09:25:15 AM 22-08-2022 ₹54 3700 ₹274 (24.55%) 22-Aug-2022 04:36:23 PM 20-08-2022 ₹58 3333 ₹278 (26.36%) 20-Aug-2022 10:14:40 AM 19-08-2022 ₹55 3300 ₹275 (25.00%) 19-Aug-2022 09:26:34 AM 18-08-2022 ₹44 2300 ₹264 (20.00%) 18-Aug-2022 01:22:57 PM 17-08-2022 ₹35 1100 ₹255 (15.91%) 17-Aug-2022 04...

Syrma SGS Technologies IPO: After closure of the initial public offering (IPO), all eyes are now focused on the announcement of share allotment, which is most likely today. Meanwhile, after opening of the public offer on 12th August 2022, grey market premium (GMP) of the public issue has gone up from ₹20 to ₹55 per equity share in grey market. According to the market observers, after closure of the public issue, Syrma SGS Technologies IPO GMP has remained steady around ₹55 despite two days sell-off in the market. However, the market mood had changed on Tuesday evening that got reflected in grey market mood towards the public issue when it surged from its yesterday's low of ₹50 GMP to ₹55 at the end of Tuesday session. As per the market observers, ₹55, which is ₹5 higher from its Tuesday low of ₹50 per equity share. Market observers said that after two days of sell-off, Tuesday session was highly volatile on Dalal Street that pulled down Syrma SGS Technologies IPO GMP towards ₹50, which is lowest since closure of the public issue. However, the GMP recovered with recovery in the stock market ahead of closure. market observers expected further upside in the GMP if the market mood remains bullish on next three sessions. What this GMP means? According to market observers, Syrma SGS Technologies IPO GMP today is ₹55, which means grey market is expecting that the public issue may list around ₹275 ( ₹220 + ₹55), which is near 25 per cent higher from its price band of ₹209 to ₹220 ...

Syrma SGS Technology IPO entered the final day of bidding today after having already been oversubscribed by investors. The Rs 840 crore public issue opened for subscription last week after having garnered decent interest from anchor investors. Syrma SGS public issue has seen all investor categories oversubscribe their portions except Qualified Institutional Buyers (QIB). In the unlisted space, the premium for Syrma SGS Technology shares has fallen to Rs 30-35 per share. The grey market premium at the start of the week stood at just Rs 15 per share but was at The overall subscription of Syrma SGS Technology IPO has reached 2.27 times with bids coming in for 6,48,39,020 equity shares against the 2,85,63,816 equity shares on offer. Retail investors were the first to fully subscribe their portion. Ahead of the final day of bidding, the retail portion of the IPO has been subscribed 2.66 times. Bids in the retail category have come for 3,72,90,384 equity shares against the 1,40,07,027 shares on offer. Non-Institutional Investors (NII) have also oversubscribed their portion of EbixCash IPO revival: Rs 6000-crore public issue gets SEBI nod; all fresh issue of shares Grey market premium of The Syrma SGS IPO remains open for subscription today. Investors can bid for the issue in the fixed price band of Rs 209-220 per share, in a bid lot of 68 shares. The public issue is largely a fresh issue of equity shares accompanied by an Offer for Sale (OFS). The engineering and design company’...

Syrma SGS Technology —a Chennai-based engineering and designing company that provides solutions to original equipment manufacturers — is all set to give Dalal Street its first listing in nearly three months. Market participants are hopeful of a decent secondary market debut for Syrma, reflected in the trend in grey market — an unofficial market for unlisted securities.

Incorporated in 2004, Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization. Product Portfolio • Printed circuit board assemblies (PCBA) • Radio frequency identification (RFID) products • Electromagnetic and electromechanical parts • Motherboards • Memory products - DRAM modules, solid state, and USB drives. Manufacturing The company operates through eleven manufacturing facilities in north India (i.e. Himachal Pradesh, Haryana, and Uttar Pradesh) and south India (i.e. Tamil Nadu and Karnataka). The manufacturing facilities in Tamil Nadu are located in a special economic zone. The manufacturing facility in Haryana has been set up under the Electronic Hardware Technology Park scheme, which allow the company to avail tax and other benefits. R&D Capabilities The company has three dedicated R&D facilities, two of which are located at Chennai and Gurgaon and one in Stuttgart, Germany. Syrma IPO Details IPO Date Aug 12, 2022 to Aug 18, 2022 Listing Date Aug 26, 2022 Face Value ₹10 per share Price ₹209 to ₹220 per share Lot Size 68 Shares Total Issue Size [.] shares (aggregating up to ₹840.00 Cr) Fresh Issue [.] shares (aggregating up to ₹766.00 Cr) Offer for Sale 3,369,360 shares of ₹10 (aggregat...

As per market observers, Syrma SGS Technology shares are available at a premium (GMP) of ₹30 in the grey market today. The company's shares are expected to list on stock exchanges BSE and NSE on Friday, August 26, 2022. "Considering its good peer financial performance, strong focus on R&D, capacity expansion plans, positive industry outlook with government support through PLI schemes and China plus one strategy of multinational companies, we assign a “Subscribe" rating for the issue on a medium to long term basis," said brokerage Geojit Financial. The company aims to use the net proceeds from the fresh share issue for funding capital expenditure requirements to expand manufacturing and R&D facilities and to fund long-term working capital requirements. "At higher price band, the IPO is valued at 24.1% discount to the pre-IPO placement price, which may be considered favorable by the retail investors. But the company has demanded an EV/Sales multiple of 2.5x (to its FY22 proforma consolidated sales), which is at premium to the peer average. Thus, the issue seems to be fully priced. Considering the high growth potential in the electronic manufacturing sector, we are recommending a “Subscribe with Caution" rating for the issue," said Choice Broking. The electronic manufacturing services firm Syrma SGS Technology on Thursday said it has raised ₹252 crore from anchor investors ahead of its initial share-sale. Syrma SGS is a technology-focused engineering and design company engage...