India\u2019s total electronics market was valued at \u20b96.7 trillion in fiscal 2021 and is expected to grow at a compound annual rate of 25.5% and reach \u20b920.8 trillion by fiscal 2026.<\/p>\n\n\n\n
The country\u2019s electronics manufacturing sector was estimated at \u20b94.9 trillion at the end of fiscal 2021. It is expected to grow at an annual rate of 32.3% to reach \u20b920.1 trillion in the next five years.<\/p>\n\n\n\n
Syrma SGS Technology has recently filed draft papers with the capital markets regulator for an initial public offering. The offer comprises the issuance of shares worth \u20b9926 crores and an offer for sale of up to 33,69,360 shares by the promoter.<\/p>\n\n\n\n
Syrma Tech may also consider a pre-IPO placement of shares worth \u20b9180 crores through a rights issue, private placement, preferential offer or any other method. If the pre-IPO placement is successful, the company may reduce the size of the main offering.<\/p>\n\n\n\n
Syrma Tech would use the net proceeds from the offering mainly for funding the construction of an R&D facility and the development\/expansion of manufacturing and other facilities in Chennai. The proceeds will also be used for general corporate purposes.<\/p>\n\n\n\n
Syrma SGS Technology is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services, specializing in precision manufacturing for diverse end-use sectors, including the industrial appliances, automotive, healthcare, consumer products and IT industries.<\/p>\n\n\n\n
The Chennai-based company has 11 manufacturing facilities across North India and South India. It is also engaged in technological innovation and operates three dedicated facilities in Tamil Nadu and Gurgaon.<\/p>\n\n\n\n
Syrma Tech has a broad product portfolio that serves multiple industries, with a primary focus on ODMs and OEMs for sectors like industrial appliances, energy management, water purification and power supply industries.<\/p>\n\n\n\n
Syrma Tech reported net revenue of \u20b9444.49 crores and a net profit of \u20b928.61 crores for fiscal 2020-21. In fiscal 2019-20, the company had generated net revenue of \u20b9404.88 crores and a net profit of \u20b943.88 crores.<\/p>\n\n\n\n
Since Syrma Tech\u2019s products are sold in over 20 countries, exports account for about70% of its revenue. So, the company may face risks from economic uncertainties in the geographical areas where it operates.<\/p>\n\n\n\n
The challenges facing the company currently include pandemic-induced trade restrictions and unfavourable fluctuations in foreign exchange rates.<\/p>\n","protected":false},"excerpt":{"rendered":"
India\u2019s total electronics market was valued at \u20b96.7 trillion in fiscal 2021 and is expected to grow at a compound annual rate of 25.5% and reach \u20b920.8 trillion by fiscal 2026. The country\u2019s electronics manufacturing sector was estimated at \u20b94.9 trillion at the end of fiscal 2021. It is expected to grow at an annual […]<\/p>\n","protected":false},"author":1738,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5753,5748,10444,8],"tags":[8248,2132,35,8532],"class_list":["post-126192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrials","category-ipo","category-others","category-technology-stocks","tag-ipo","tag-manufacturing","tag-tech-stocks","tag-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":167967,"url":"https:\/\/alphastreet.com\/india\/syrma-sgs-technology-ltd-q3fy25-165-rise-in-profits\/","url_meta":{"origin":126192,"position":0},"title":"Syrma SGS Technology Ltd Q3FY25; 165% rise in Profits","author":"Chirag Gupta","date":"April 16, 2025","format":false,"excerpt":"Incorporated in 2004, Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). 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