Object reference not set to an instance of an object. Syrma SGS Technology Ltd IPO - Syrma SGS Technology Ltd IPO Price, Issue Date & Details | Geojit

IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Syrma SGS Technology Ltd
Registered Office: Unit No 601 6th Floor,Flora Deck Plaza Andheri(East) , Mumbai - 400093 , Maharashtra , India.
Phone : 91-22-40363000   Fax:
Email :  compliance@syrmasgs@com  
Website :  www.syrmasgs.com
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.

Issue Money Payable On
Opens On Closes On Application Allotment
12-Aug-22 18-Aug-22 (Rs)220.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :68  Further Multiples of :68

  (Rs Cr) Lead Managers to the Issue
Project Cost 725.72
Dam Capital Advisors Ltd
Project Financed through Current Offer 840.13  
Post Issue Equity Share Capital 176.23  
Issue Price (Rs)220.00  
Funding Capital Expenditure Requirements for Development of a R&D Facility and Expansion setting up of Manufacturing FacilitiesGeneral Cororate Purposes
Funding the long Term Working Capital Requirements
Promoted By
Sandeep Tandon  
Jasbir Singh Gujral  
Veena Kumari Tandon  
Listing At
Registrar to the Issue
Link Intime India Pvt Ltd