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Syrma SGS Technology Ltd

Syrma SGS Technology Ltd

    Registered Office : Unit No 601 6th Floor,Flora Deck Plaza Andheri(East),Mumbai Maharashtra 400093 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

Opens On

Closes On

12-Aug-2022

18-Aug-2022

Money Payable On

Application

Allotment

220.00

0.00

Minimum Application for shares in Nos : 68.0 Further Multiples of : 68.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

725.72

840.13

176.23

220.00

Dam Capital Advisors Ltd

ICICI Securities Ltd

IIFL Securities Ltd

Projects
  • 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
Promoted By
  • Sandeep Tandon
  • Jasbir Singh Gujral
  • Veena Kumari Tandon
Listing At
  • BSE
  • NSE
Registrar to the Issue
  • MUFG Intime India Pvt Ltd