The preliminary public providing of Chennai-primarily based totally technology-centered engineering and layout company, Syrma SGS Technology, turned into subscribed 2.27 instances Wednesday. 
Syrma`s public provide acquired bids for 6.forty eight crore fairness stocks towards the IPO length of 2.eighty five crore stocks, as in step with the statistics to be had on exchanges. The company`s IPO consists of Rs 766 crore in sparkling stocks and Rs seventy four crore really well worth of secondary percentage sale – this is stocks as a way to be offloaded through promoters at some stage in the IPO. 
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Subscription to Syrma`s IPO turned into normally led through non-institutional buyers who installed bids 3.fifty eight instances their reserved portion. Retail buyers offered stocks 2.sixty six instances the allocated quota and the part of the provide set apart for certified institutional buyers (QIBs) turned into subscribed 71%. The company`s IPO will near on Thursday, August 18.What do Syrma`s monetary numbers appearance like?
The business enterprise published sales boom of 43% to Rs 1,267 crore in FY22 as compared to the yr ended March 2021. The business enterprise`s internet income grew with the aid of using 17% to Rs 76.forty six crore in March 2022. 
What does Syrma manufacture?
According to the business enterprise`s submitting with the Securities and Exchange Board of India (SEBI), Syrma is presently mission manufacture of modules for 5G era infrastructure. The business enterprise entered the automobile end-use enterprise in 2007 and seeing that then has synthetic car monitoring structures and toll control structures in 2009, and beacons for motors in 2012. “Considering the development of electrical motors, we've got additionally started production of controllers of the EV battery control structures in 2020,” Syrma stated in its submitting. 
The business enterprise presently has a complete of eleven production centers in states like Himachal Pradesh, Haryana, Uttar Pradesh, Tamil Nadu and Karnataka. It additionally has 3 committed R&D centers,  of which can be positioned in Chennai and Gurgaon and one in Stuttgart, Germany. It counts companies like TVS Motor Company, Robert Bosch Engineering and Business Solution, Eureka Forbes and Hindustan Unilever amongst its clients.

IPO, Syrma SGS Technologies IPO: What are the ability dangers in its commercial enterprise?
In its pink herring prospectus (RHP), Syrma stated that one of the key demanding situations to its commercial enterprise is that its customers “do now no longer make long-time period commitments” to the corporation and will cancel or extrade their manufacturing necessities. “Such cancellations or modifications might also additionally adversely have an effect on our monetary condition, coins flows and consequences of operations,” Syrma stated. 
Another chance is the corporation incurring excessive fees even as production and adhering to first-class standards. 
“The strict first-class necessities required to be complied with via way of means of us bring about us incurring enormous fees to preserve our product first-class. Any failure might also additionally adversely have an effect on our reputation, monetary conditions, coins flows and consequences of operations,” Syrma stated in its RHP.