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Syrma SGS Technology IPO: Attractive business at an undemanding valuation 

Syrma is one of the leading players in the EMS space, with a good product mix, catering to high-growth, higher-margin industries, including automotive, industrial, consumer and IT segments

August 12, 2022 / 11:49 AM IST
Syrma SGS Technology IPO: Attractive business at an undemanding valuation 

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The initial public offer (IPO) of Syrma SGS Technology, an EMS (Electronic manufacturing services) business player, is opening on Friday (August 12). Syrma intends to raise Rs 840 crore through a primary issue of Rs 766 crore and an offer for sale (OFS) of 3.37 million shares. The company has already raised Rs 110 crore through pre-IPO placements at Rs 290 per share. (image) (image) Industry (image) (image) (image) (image) Key Positives  Syrma is one the leading players in the...

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