Syrma SGS Technology Ltd IPO
- The company is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services, specializing in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.
- Has a track record of technical innovation. One of the leading PCBA manufactures in India. Also, amongst the top key global manufacturers of custom RFID tags.
The company demonstrated consistent growth in terms of revenue and profitability. Been able to increase total revenue from operations and profit after tax from fiscal 2019 to fiscal 2021 at a CAGR of 5.90%, 5.67% and 11.33% respectively.
The company has a history of strong customer retention. The products are distributed in India and overseas,in over 19 countries, including the USA, Germany, Austria, and UK.
An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.
(Source: F&S Report and Company DRHP)
