Business Standard

Syrma SGS Technology Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

840.13 cr

Price Range (₹)

220

Lot Size

68

Min Investment (₹)

14,960.00

Listing Exchange

MumbaiNSE

Open Date

12-Aug-2022

Close Date

18-Aug-2022

Listing Date

26-Aug-2022

Syrma SGS Technology Ltd News

    The Shares of Syrma SGS Technology Ltd have now been listed.

    Syrma SGS Technology Ltd IPO Details

    Initial public offering of 38,187,541* equity shares of face value of Rs. 10 each (Equity Shares) of the company (The Company or the Issuer) for cash at a price of Rs. 220 per equity share (including a premium of Rs. 210 per equity share) (Offer Price) aggregating to Rs. 840.13 crores*. The offer comprises of a fresh issue of 34,818,181* equity shares aggregating to Rs. 766.00 crores (Fresh Issue) and an offer for sale of 3,369,360 equity shares by Veena Kumari Tandon (the Selling Shareholder, and such equity shares, Offered Shares) aggregating to Rs. 74.13 crores* (Offer for Sale, and together with the fresh issue, Offer). The offer will constitute 21.67% of the post-offer paid-up equity share capital. The company has, in consultation with the brlms, undertaken the pre-ipo placement of 3,793,103 equity shares at a price of Rs. 290.00 per equity share (including a premium of Rs. 280.00 per equity share) aggregating to Rs. 110.00 crores.Offer Price Rs. 220 per share of face value of Rs. 10 each. The offer price is 22 times of face value.* Subject to finalisation of the basis of allotment.

    Objective of issue

    Funding Capital Expenditure Requirements for Development of a R&D Facility and Expansion setting up of Manufacturing Facilities. Funding the long Term Working Capital Requirements. General Cororate Purposes.

    Syrma SGS Technology Ltd Contact Details

    Syrma SGS Technology Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - compliance@syrmasgs.com

    Website - www.syrmasgs.com