Syrma SGS Technology Limited , a leading electronics manufacturing services (EMS) company, has reported significant progress in utilizing its Initial Public Offering (IPO) proceeds. According to the company's monitoring agency report for the quarter ended June 30, 2025, Syrma SGS has utilized 88% of the net proceeds raised from its August 2022 IPO.

IPO Proceeds Utilization

The company raised Rs 7,257.22 million in net proceeds from its IPO in August 2022. As of June 30, 2025, Syrma SGS has utilized Rs 6,387.25 million, leaving Rs 869.97 million unutilized. The funds were allocated across three main objectives:

Recent Utilization

During the quarter ended June 30, 2025, the company spent Rs 134.62 million on capital expenditure projects. This demonstrates Syrma SGS's continued commitment to expanding its manufacturing capabilities and research and development facilities.

Monitoring Agency Report

CRISIL Ratings Limited, the appointed monitoring agency, has reported no deviations from the stated objectives. The agency confirmed that all utilization was in line with the disclosures made in the offer document.

Unutilized Funds

The remaining unutilized amount of Rs 869.97 million has been deployed in fixed deposits and monitoring agency accounts. This prudent approach ensures that the funds are safely invested while awaiting deployment for their intended purposes.

Conclusion

Syrma SGS Technology's efficient utilization of IPO proceeds demonstrates the company's commitment to its growth strategy and transparency with investors. As the company continues to deploy the remaining funds, stakeholders will be keen to observe the impact on Syrma SGS's operational capabilities and financial performance in the coming quarters.

Syrma SGS Technology Limited , a leading electronic manufacturing services (EMS) company, has announced its participation in upcoming non-deal roadshows organized by DAM Capital, Kotak Securities, and JM Financial. The company's management is set to engage with investors in one-on-one meetings across two key financial hubs.

Singapore Meetings

The company's representatives will conduct investor meetings in Singapore from July 28-29, 2025. The sessions are scheduled to run from 9:00 am to 6:00 pm SGT on both days.

Mumbai Meetings

Following the Singapore roadshow, the management will host similar one-on-one investor meetings in Mumbai from July 30 to August 1, 2025. These meetings are also slated for 9:00 am to 6:00 pm IST each day.

Focus on Public Information

Syrma SGS Technology has emphasized that during these meetings, no unpublished price-sensitive information will be disclosed. Discussions will center around the company's general business outlook and information that is already available in the public domain.

Flexibility in Schedule

The company has noted that the meeting dates may be subject to change due to exigencies on the part of investors or the company itself, allowing for flexibility in the roadshow schedule.

Regulatory Compliance

In compliance with regulatory requirements, Syrma SGS Technology has filed this information with the stock exchanges under Regulation 30 of the SEBI Listing Regulations. The company has also stated that the details of these investor meetings will be hosted on its official website.

Recent Financial Performance

Coinciding with this announcement, Syrma SGS Technology has released its unaudited financial results for the quarter ended June 30, 2025. The company reported a consolidated total income from operations of ₹9,439.80 crore for the quarter, with a net profit after tax of ₹499.20 crore.

These non-deal roadshows come at a time when the company has shown strong financial performance, potentially aiming to strengthen investor relations and showcase its business prospects to a wider institutional investor base.

Investors and stakeholders interested in more details about the roadshows or the company's recent financial performance can refer to the official disclosures on the company's website or the stock exchange filings.