Syrma SGS Technology Ltd has come up with an initial public offer (IPO). It will open on August 12-18, 2022 at Rs.209-220 a share. The IPO issue size is around Rs.840 crore. The minimum bid will be for 68 shares and in its multiples thereafter.
Syrma SGS Ltd was founded in 1978 by industry pioneers (Tandon family), and is located in San Jose (California), and Chennai (India), developing quality technology products. It is one of India’s leading exporters of electronics, providing a high-value integrated design and production solution for internationally recognized OEMs. Also, the company is one of the leading ESDM company with a focus on technology-based solutions and ODM business. Unlike the traditional OEM or ODM business model, which only focuses on certain stages of the production process, the company’s business model starts from product concept design and focuses on every segment of the overall industry value chain. Syrma’s business approach leads to continuous advancements in product technology, structure, and functional design to meet customer requirements and lead the industry in development.
The company is recognized as a leader in people development as the company is one of the great places to work. Also, it has a key focus on women empowerment, where more than 80% of the employee base is women workforce. Importantly, the company was the first in India to manufacture RFID products in India and continues to lead the industry. Also, the company is recognized as a leader in memory modules with deep expertise. The company has a long-standing relationship with customers, an opportunity for increased wallet share, and not a single customer more than 5 %.
1) PCBA (Printed Circuit Board Assembly)
2) RFID (Radio-Frequency Identification) Tags
3) ZAC (Zone of Autonomous Creation)
4) Magnetics (Mechanical Parts)
5) Others: Motherboards, Dynamic Random Access Memory (DRAM), Solid State Drives (SSDs), USB flash drives, Copper Wiring Coiling, Induction Devices, Chokes, Transformers.