SYRMA SGS IPO latest DETAIL & ANALYSIS

                                                                               Syrma IPO

What syrma sgs manufactures ?

Ans- syrma sgs is an electronic product manufacturing company which produce following equipment and devices-

1. PCBA (printed circuit board assemblies)

Used in-

Automative , IT industry, medical ,consumer product

• RFID (radio frequency identification)

  Chip or antenna used for wireless identification

• Electromagnetic and electrochemical parts

Chokes, inductor, filters, transformers

• Usb devices, solid statedrive and memory products

Promoters – sandeep singh, jasbir singh Gujral, veena kumari tandon, tancom private limited

EXPERT VIEW :

• company is playing a key role in manufacture of wide variety of electronic equipment essential for daily operations and exporting it make this company safer as they don’t rely only on one product for their profit
• different manufacturing facility with research and development location will help them operate even if one of the facility becomes nonfunctioning due to any reason
• electronic manufacturing in country is backed by country while the company is doing business in the sector for 18 years

Why syrma SGS going for ipo?

1. Setting and expansion of manufacturing facility at Chennai, Hyderabad, Mysore and Tamil Nadu. And developing of research and development facility at Chennai and Hyderabad

  (571 crore)

• longterm working capital requirement
  (131 crore)

conclusion: as company is demanding the capital for research & development and manufacturing this is good sign that they want to grow their business in coming days

what are the Finance of the company ?

Year	March 2020	March 2021	March 2022
Sales	397	438	1020
Profit   after tax	52	36	81
Net profit	44	32	56
ROCE	27.9	18.4	19.1

  Grey market premium details

EXPERT VIEW : all the key financial features  of the company are good it shows the positive growth in current and upcoming years

DATE	GMP
23 AUGUST	50
22 AUGUST	50
20 AUGUST	40
19 AUGUST	30
18 AUGUST	35
17 AUGUST	35
16 AUGUST	35
15 AUGUST	30
13 AUGUST	30
12 AUGUST	20
10 AUGUST	20
9 AUGUST	30
8 AUGUST	30
6 AUGUST	40

EXPERT VIEW: we can see that grey market premium has been constantly increasing thus it tells that IPO listing will bring some good news to there investors

 Subscription analysis up till now

Category	Subscription DAY 1	Subscription DAY 2	Subscription DAY 3	Subscription DAY 4
QIB	0.00	0.00	0.71	87.56
NII	0.13	0.74	3.58	17.50
Retail	0.69	1.55	2.56	5.53
TOTAL	0.39	0.92	2.27	32.61

Expert view : after slow start QIB and NII came with full force in last day with GMP 35 shows full possibility of listing gain ,keeping GMP in mind experts says that about 15 percent gain is possible on listing day

Sgs ipo detail:

Syrma ipo date	August 12 to august 18
Face value	10
Ipo price	209 -220
Lot size(minimum)	68(14960)
Maximum lot that can be applied by single Demat account	13 (64480)
Issue size	840 crores
Fresh issue	766 crores
Offer for sale	74 crores
Listing	NSE, BSE

 Important dates:

IPO opening date	August 12
IPO closing date	August 18
Allotment date	August 23
Initiation of refund	August 24
Credit of shares in  Demat account	August 25
IPO listing date	August 26

Reviews by Brokers–

Axis Capital – Not Rated

Canara Bank – Apply

Capital Market – May apply

Choice Equity Broking Pvt Ltd – May apply

Dilip Davda – Apply

Hem Securities – Apply

Investmentz Ltd – Apply

JM Financial Institutional Securities – Not Rated

KR Choksey Securities Ltd – Apply

Reliance Securities – Apply

Sushil Finance Ltd – Apply

Angel One – Neutral

Asit C Mehta – Subscribe for listing gains

Canara Bank Securities – Subscribe

Choice Broking – Subscribe with caution

Geojit – Subscribe

Hem Securities – Subscribe

KR Choksey – Subscribe

Samco Securities – Subscribe with caution

Ventura Securities – Subscribe