#IPO: Syrma SGS Technology Ltd.

Syrma SGS Technology Limited
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Leading EMS Company Syrma SGS Technology Limited has fixed the price band at Rs 209 to Rs 220 per Equity Share for its 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 equity shares are proposed to be listed on BSE and NSE. The Offer is being made through the Book Building Process.

Issue opens: August 12, 2022

Issue opens: August 18, 2022

Issue Size: Rs 840 crore

Price band: Rs 209 to Rs 220 per Equity Share

Minimum Bid: 68 Equity Shares and in multiples of 68 Equity Shares thereafter

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 the IT Industry; Set Top Box requirements; 4G and now 5G Modules; Hall Sensor PCBAs, Vehicle Tracking Systems, Toll Management Systems, Beacons, EV Battery Management Systems for the Automotive End Use Industry; Energy Efficient Electronic Inverters, Home Appliance Control PCBAs; Direct Digital Dental X-ray FGPA Controllers, PCBAs for X-Ray Machines, Smart Canes for Visually Challenged People, Augmented Reality Equipment addressing the requirements of the Healthcare Industry, the company caters to diverse industries and has come a long way since its incorporation in 2004.

It stands to be one of the leading Printed Circuit Board Assembly manufacturers in India and top global manufacturer of custom RFID tags. Its marquee customers include TVS Motor, A. O. Smith India Water Products, Robert Bosch Engineering, Eureka Forbes, and Total Power Europe B.V. It currently operates through eleven strategically located manufacturing facilities and three dedicated R&D facilities.

About the author: IE&M Team
IE&M Team
Indian Economy & Market is an Indian media and information platform producing data-backed news and analysis on all the vital elements at the intersection of the economy, stock markets, mutual fund, insurance, commodities, currency, technology, startups and business.

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