Public Problems Companies Design and Manufacturing Syrma SGS Technology Electronic Systems continue to receive strong responses from all types of investors on August 18, the last day of the offer.

This offer has subscribed to 32.61 times, accepting an offer for 93.14 crore equity shares compared to 2.85 crore shares on the offer, according to data available on the exchange. It should be noted that the size of the offer has been reduced to 2.85 crore from around 3.81 crore shares after the company peeling funds worth RS 252 Crore through the Anchor Book on August 11, the day before the opening edition.

The section provided for institutional investors who meet the subscription requirements is 87.56 times, while the quota set aside for non-institutional investors subscribed to 17.50 times.

Retail investors enter the offer of 5.53 times the portion they reserve.

Syrma SGS technology aims to collect a little more than RS 840 Crore through public problems, which was opened to subscribe on August 12.

The price of the price for the offer, which was closed today, was determined in RS 209-220 per share, which received a discount for the price of pre-IPO placement of RS 290 per share in May 2022.

“In FY22 Financials, IPO worth 43x EV/EBITDA, 4X EV/Sales, and 68X PE, compared to Industrial Leaders, Dixon at CMP Trades in 59x EV/EBITDA, 2.1X EV/Sales and 117X PE. Domain manufacturing based on Superior Technology -Based , a mixture of healthy products, diverse product portfolios, strong R&D capabilities, and additional capacity, we recommend subscribing to this problem, “Reliance Securities said in a note.

Syrma is one of the Indian electronic system design and manufacturing companies with the fastest growth with a track record of technical innovations and tent customers. This provides integrated services and solutions for original equipment manufacturers (OEM), from the initial product concept stage to volume production through co-creation concepts and product realization.

The EMS market that India can addressed is likely to record 30 percent of the CAGR for FY21-FY26 to reach $ 135 billion by FY26.

The market develops behind China+1 strategy, import substitution, making Indian and government incentives, namely incentive related to production (PLI).

Syrma is one of the leading designs and EMS companies in India that are likely to benefit in the coming years. We believe that Syrma is well placed to take advantage of domestic and global opportunities, “Reliance Securities.

Syrma will use new problems for R&D facilities and expanding manufacturing facilities, and working capital requirements.