Syrma SGS Technology IPO (Initial Public Offering) is opening for subscription today and will be open for bidding till August 18, 2022. public issue price Target to raise 840 crores 766 crores from the fresh issue. The price band for the public issue has been fixed by: from 209 210 per equity share and shares of the Chennai-based engineering and design company are now available in the gray market as well. As per market observers, Sirma SGS Technology Ltd stock is trading at a premium to 20 per equity share.
Here we list the important Sirma SGS Technology IPO Details,
1]Sirma SGS Technology IPO GMP: As mentioned above, Sirma SGS Technology IPO Gray Market Premium (GMP) today is 20. Sirma SGS Technology IPO was GMP on Thursday evening 10, which means that the gray market premium of the upcoming stock has doubled in the last 24 hours.
2]Sirma SGS Technology IPO Price Band: The public issue is offered at the price band of from 209 220 per share level.
3]Sirma SGS Technology IPO Subscription: The public issue is opening today and will be open till 18 August 2022.
4]Sirma SGS Technology IPO Size: engineering company aims to raise 840 crores from its public offer.
5]Sirma SGS Technology IPO Lot Size: One bidder will be able to apply in one lot and one lot will consist of 68 shares of an engineering and design company.
6]Sirma SGS Technology IPO Financials: During FY20, FY21 and FY22, the company reported its revenue 2,804.3 million, 1,931.3 million and 2,521.2 million, of which 70.0 percent, 43.9 percent and 39.0 percent, respectively, were attributable to its core design manufacturing services. The company has an extensive product portfolio with applications in diverse end-use industries. Its products are primarily focused on ODMs and OEMs serving enduse industries including the automotive, healthcare, IT, industrial equipment, energy management, water purification, power supply and consumer products industries.
During FY20-22, the company recorded business growth from key consumer segments, excluding healthcare sector. Business from Industrial, Consumer and Automotive sectors grew at a CAGR of 15.8 per cent, 15.1 per cent and 37.4 per cent, while business from Healthcare declined at a CAGR of 11.5 per cent, leading to a CAGR of 21 per cent in cumulative proforma consolidated revenue. To 1,266.6 crore in FY22.
7]Sirma SGS Technology IPO Allotment Date: The allotment of shares of Sirma SGS Technology is expected on 23 August 2022.
8]Sirma SGS Technology IPO Listing Date: The public issue is proposed to be listed on both NSE and BSE and the tentative date for Sirma SGS Technology IPO listing is 26 August 2022.
9]Should you apply: “While Sirma SGS Technology has been profitable for the past three years, the debt level is low. However, the declining net profit margin has raised a question about the future profitability of the company. Given that the IPO is long after are back. Stents, if the company does well, can be expected to open more IPOs soon. Looking at the volatility of 2022, no matter how popular, or how strong the company is, the global The punch of the fall has all been cleared. In the meantime, will any new company survive – only time will tell,” said Vineet Khandare, CEO and Founder, MyFundBazaar.
Giving the tag ‘Buy with caution’, Choice Broking said, “The company reported positive cash flow from operations in FY20 and FY21. Negative operating cash flow in FY22 mainly due to higher operating assets”. However, the average operating cash flow during the period stood at Rs 60.1 crore. Financial liabilities grew at a CAGR of 34.7%, however, from 0.3x in FY20 due to higher equity base debt-to-equity ratio Improved by 0.2x in Year 22. The pre-issue average ROIC and RoE stood at 13.6% and 15% respectively.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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