114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5174.44 Crs.  Total funds raised in 2,025.00

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

Syrma SGS Technology Ltd IPO Analysis

Syrma SGS Technology Ltd IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 840.00 Cr. The company is based in Chennai and caters to Electric Equipments sector. Dam Capital Advisors (Formerly Idfc Securities ) , ICICI Securities , IIFL Securities are the merchant bankers of Syrma SGS Technology Ltd IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 13th December 2021.

Syrma SGS Technology Ltd IPO posted revenues of ₹ 646.26 Cr. and PAT of ₹ 43.88 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 646.26 Cr.
            EBITDA: ₹ 69.90 Cr.
            PAT: ₹ 43.88 Cr.
  • EBITDA Margin: 10.82 %
            Pat Margin: 6.79 %
  • Net Worth: ₹ 543.89 Cr.
  • Market Capitalisation: ₹ 3877.04 Cr.
  • P/E: 50.69 times
  • P/BV: 2.80 times
  • EV/EBITDA: 57.24 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Syrma SGS IPO Financial Performance (Restated)

Financial results of Syrma SGS Technology Ltd IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY22 FY21 FY20
Balance Sheet
Assets 914.73 460.00 346.69
Net Worth 543.89 238.17 101.71
Total Debt 132.58 56.11 83.80
Profit & Loss
Revenue
Revenue on annualised basis
646.26 438.30 397.07
EBITDA
EBITDA on annualised basis
69.90 52.93 64.76
PAT
PAT on annualised basis
43.88 28.61 30.61
Financials
FY22
FY21
FY20
Balance Sheet
Assets
914.73
460.00
346.69

Net Worth
543.89
238.17
101.71

Total Debt
132.58
56.11
83.80

Profit & Loss
Revenue
Revenue on annualised basis
646.26
646.26
438.30
397.07

EBITDA
EBITDA on annualised basis
69.90
69.90
52.93
64.76

PAT
PAT on annualised basis
43.88
43.88
28.61
30.61

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Syrma SGS IPO Key performance Indicators (KPI)

Syrma SGS Technology Ltd IPO PAT Margin is 6.79 % , ROCE (Return on Capital Employed) is 31.80 % as per latest financial. The below table shows Syrma SGS Technology Ltd IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY22 FY21 FY20
EBITDA Margin (%) 10.82 12.08 16.31
PAT Margin (%) 6.79 6.53 7.71
EPS (₹) 2.69 3.32 6.19
ROE (%) 8.07 12.01 30.10
ROCE (%) 31.80 19.48 18.39
ROA (%) 4.80 6.22 8.83
Debt to Equity 0.24 0.24 0.82
Particulars
FY22
FY21
FY20

EBITDA Margin (%)
10.82
12.08
16.31

PAT Margin (%)
6.79
6.53
7.71

EPS (₹)
2.69
3.32
6.19

ROE (%)
8.07
12.01
30.10

ROCE (%)
31.80
19.48
18.39

ROA (%)
4.80
6.22
8.83

Debt to Equity (x)  
0.24
0.24
0.82

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Syrma SGS Technology Ltd IPO Valuation Metrics

The market Capitalisation of Syrma SGS Technology Ltd IPO is ₹ 3877.04 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
3,877.04

Enterprise Value (EV) (₹ Cr.):
4,000.79

EV/EBITDA (times) :
57.24

PE Multiple (times) :
50.69

P/B (times) :
2.80

NAV (₹) :
39.52

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Syrma SGS prospectus?

The Syrma SGS Technology Ltd IPO prospectus highlights an Return on Equity (ROE) of 8.07 % , Return on Assets (ROA) of 4.80 %, and an EBITDA Margin of 10.82 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Syrma SGS IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Syrma SGS Technology Ltd IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Syrma SGS IPO ?

The post-IPO market capitalisation of Syrma SGS Technology Ltd IPO is ₹ 3877.04 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Syrma SGS IPO?

The Syrma SGS Technology LtdIPO has a Price-to-Earnings (PE) ratio of 50.69 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Syrma SGS Technology Ltd IPO?

Syrma SGS Technology Ltd IPO reported revenue of ₹ 1284.37 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Syrma SGS Technology Ltd IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Syrma SGS Technology Ltd IPO?

Syrma SGS Technology Ltd recorded an EBITDA of ₹ 69.90 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Syrma SGS Technology Ltd IPO?

Syrma SGS Technology Ltd Profit After Tax (PAT) is ₹ 43.88 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 646.26 Cr.
            EBITDA: ₹ 69.90 Cr.
            PAT: ₹ 43.88 Cr.
  • EBITDA Margin: 10.82 %
            Pat Margin: 6.79 %
  • Net Worth: ₹ 543.89 Cr.
  • Market Capitalisation: 3,877.04
  • P/E: 50.69 times
  • P/BV: 2.80 times
  • EV/EBITDA: 57.24

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Syrma SGS Technology Ltd operates in Electric Equipments and Electronics Manufacturing. The Issue is listed on BSE,NSE in Aug, 2022. Syrma SGS Technology Ltd IPO size was 840.00 with Issue price of 220.00 .

Merchant Banker(s) of Syrma SGS Technology Ltd IPO: Dam Capital Advisors Limited (Formerly Idfc Securities Limited) , ICICI Securities Limited , IIFL Securities Limited

Syrma SGS Technology Ltd IPO subscription was 32.61 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Syrma SGS Technology Ltd IPO listed at a listing price of 313.05 against the offer price of 220.00.

The current market price of Syrma SGS Technology Ltd is 705.15.

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