Syrma SGS Technology share ends over 19% higher post strong debut, up 42% on issue price; what should investors do?

Syrma SGS Technology stock ends with 19% gain on debut 

Shares of Syrma SGS Technology ended with over 42% gain on the issue price and 19% from the listing price to Rs 313.05 per share on the BSE on debut day. The IPO was priced at Rs 220 at the upper price band  

Syrma SGS Technology hits 20% upper circuit 

Syrma SGS Technology shares hit 20% upper circuit after making strong listing on the bourses on Friday. Shares rose 20% on the listing price to trade 20% higher at Rs 314.40 per share on the BSE. Overall share gained almost 45% on its issue price.  

Syrma SGS Technology share price jumps 40% 

Syrma SGS Technology stock surged 40% on debut to Rs 309.80 per share In Friday's intrady trade on the BSE. The IPO was priced in the range of Rs 209-220 per share  

What should investors do? Anil Singhvi recommends this  

Saying that the stock would be listed in the range of Rs 240-260, Zee Business Managing Editor Anil Singhvi suggested that high-risk taking investors should stay put in the counter with long-term objective. He said everything is good about the company, just the IPO pricing has been on a little higher side. 

Watch Full Report below 

 

#IPOListing

आज Syrma SGS टेक्नोलॉजी की लिस्टिंग, इश्यू प्राइस ₹220/शेयर

कैसी होगी लिस्टिंग-डिस्काउंट या प्रीमियम पर?

#Listing के बाद लॉन्ग टर्म इन्वेस्टर्स क्या करें?

जानिए #SyrmaSGSTechnology की लिस्टिंग पर @AnilSinghvi_ की राय

LIVEhttps://t.co/0WjVWq2ZwA pic.twitter.com/SwUCa8rM7l

— Zee Business (@ZeeBusiness) August 26, 2022

Syrma SGS Technology share movement 

Against issue price, at the upper price band of Rs 220, the counter opened at Rs 262 per share on the BSE, a premium of 19%. Soon, the stock surged 34% to trade at Rs 295, it's day's high so far. It's day's low was Rs 257 on the BSE 

Syrma SGS IPO post listing strategy

Syrma SGS Technology Ltd has debuted at Rs. 260 i.e. 18% on NSE above its issue price. The company’s good listing can be attributed to positive market sentiments, outstanding prospects, and a good response from the investors.  With a huge focus on R&D-based innovation and an experienced management team, the company has managed to enter into various growing segments like PCBA, Radio Frequency Identification (RFID), Electromagnetic and electromechanical parts, and other information technology-related products. The company’s geographically diversified manufacturing locations and the business model which starts from product concept design & focuses on every segment of the overall industry value chain give them a competitive advantage over other players.  The issue was priced at a P/E of ~65X (Based on the Restated Consolidated Financial Information, RHP).  However, we believe that the company deserves this premium multiple due to its phenomenal growth prospects. Those who applied for listing gains can maintain a stop loss of Rs. 225. New investors can buy for the long term and existing investors are recommended to stay invested in the company.- Santosh Meena, Head of Research, Swastika Investmart Ltd

Syrma SGS Technology business

Syrma SGS Technology Ltd (SSTL), incorporated in 2004, is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization. 

Syrma SGS Technology share price 

Shares of Syrma SGS Technology continued to rise after listing at 19% premium. The counter surged nearly 34% on the issue price to Rs 294 per share, while they traded higher by 12.37% on listing price 

Syrma SGS Technology share price jumps 10% after strong debut 

After opening at 19% premium, shares of Syrma SGS Technology jumped 10% further on the listing price to trade at Rs 285 per share. At the issue price of Rs 220, the stock surged by Rs 65 or 29.55% 

Syrma SGS Technology share price 

Shares of Syrma SGS Technology jumped over 19% to Rs 262 per share on the BSE ahead of listing on the exchanges

Syrma SGS Technology share price 

Shares of Syrma SGS Technology jumped nearly 18% to Rs 259.10  per share on the BSE ahead of opening  

Syrma SGS Technology IPO pre-open price

Syrma SGS Technology Listing Preview: 

As per Zee Business Managing Editor Anil Singhvi, shares of Syrma SGS Technology is expected to list in the 240-260 range. He suggested to keep strict stoploss of issue price of Rs 220.  What other experts and analysts said- FUll Report

Anout Syrma SGS Tech 

Syrma SGS Tech is one of India's leading and fastest-growing Electronics system design and manufacturing (ESDM) companies. With a huge focus on R&D-based innovation and an experienced management team, the company has managed to enter into various growing segments like PCBA, Radio Frequency Identification (RFID), Electromagnetic and electromechanical parts, and other information technology-related products, including motherboards, DRAM modules, SSD and USB drives," Punit Patni, Equity Research Analyst, Swastika Investmart Ltd.

The company has priced the IPO in the range of Rs 209-220 per share. the initial public offering comprised fresh issue of equity shares aggregating to Rs 766 crore and an offer for sale of up to 33,69,360 equity shares