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Syrma SGS Technology IPO Opens Today: GMP, More Details. Should I Apply?

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Sirma SGS Technology’s IPO (Initial Public Offering) opens today and is open for bidding until August 18, 2022. ¥Aims to raise $840 million in funding ¥766 kroner through the new issue.Fixed the price range of the public offering number ¥209~ ¥With 210 shares per share, the Chennai-based engineering and design company’s shares are now also available on the gray market. According to market observers, shares of Syrma SGS Technology Ltd. ¥20 shares per share.

Here we list the important Syrma SGS Technology IPO details.

1]Syrma SGS Technology IPO GMP: As mentioned earlier, today’s Silma SGS Technology IPO Gray Market Premium (GMP) is ¥20. Thursday night, Sirma SGS Technology IPO GMP ¥A 10 means that the gray market premium for upcoming stocks has doubled in the last 24 hours.

2]Syrma SGS technology IPO price range: Public issues are available in the price range of ¥209~ ¥220 level per share.

3]Syrma SGS Technology IPO Application: The public issue is published today and will remain open until August 18, 2022.

4]IPO Size of Syrma SGS Technology: Engineering companies aim to ¥840 million from public offering.

5]Syrma SGS Technology IPO Lot Size: Bidders may submit multiple tenders, each lot consisting of 68 shares of the engineering and design firm.

6]Syrma SGS Technology IPO Finance: In fiscal years 2020, 21 and 2022, the company reported earnings as follows: ¥2,804.3 Mn, ¥1,931.3Mn and ¥Of the 2,521.2 Mn, 70.0%, 43.9%, and 39.0%, respectively, were attributed to original design manufacturing services. The company has a comprehensive product portfolio with applications across diverse end-use industries. Its products are primarily focused on ODMs and OEMs serving end-use industries such as automotive, healthcare, IT, industrial appliances, energy management, water purification, power, and consumer product industries.

For FY2020-22, the company reported business growth from major consumption sectors, excluding the healthcare sector. Businesses in the industrial, consumer and automotive sectors grew at CAGRs of 15.8%, 15.1% and 37.4%, while businesses in healthcare declined at a CAGR of 11.5%, with cumulative pro forma consolidated revenues growing at a CAGR of 21. % increased.To ¥126.66 billion in FY22.

7]IPO Allocation Date of Syrma SGS Technology: Syrma SGS Technology’s share allotment is scheduled for August 23, 2022.

8]Syrma SGS Technology IPO Listing Date: The public offering has been proposed to be listed on both the NSE and BSE, with a tentative date of 26 August 2022 for the IPO listing of Silma SGS Technology.

9]You must apply: “Syrma SGS Technology has been profitable for the past three years, but its debt levels remain low. However, declining net profit margins cast doubt on the company’s future profitability. Given that it’s back after a stint, if the company does well, we might expect to see a number of IPOs open soon. Time will tell if new companies survive in this,” said MyFundBazaar CEO and Founder Vinit Khandare said:

Choice Broking tagged it “buy with caution” and said: Rs. 60.1cr. Financial liabilities increased at 34.7% CAGR, while higher capital adequacy ratio improved from 0.3x in FY2020 to 0.2x in FY22. Average pre-issuance RoIC and RoE stood at 13.6% respectively. 15%. “

Disclaimer: The views and recommendations above are those of the individual analyst or brokerage firm and not those of Mint.

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