SYRMA · price
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Syrma SGS Technology submitted its Q4 FY26 monitoring agency report for the Rs 8,401.26 million IPO (August 2022). Out of net proceeds of Rs 7,257.22 million, Rs 6,813.50 million (94%) has been utilized as of March 31, 2026, leaving Rs 443.72 million unutilized. Capital expenditure for R&D and manufacturing facilities has deployed Rs 3,598.37 million of the Rs 4,030.00 million allocated, with Rs 431.63 million still pending. The company has delayed implementation from the original FY24 target to FY27, citing global memory chip and semiconductor shortages, and certain orders being put on hold. Unutilized proceeds of Rs 832.28 million are deployed in fixed deposits earning 7.80% ROI. No material deviations from the offer document were observed.
The IPO proceeds are being utilized largely as planned with no major deviations, though the capex deployment has been delayed by global semiconductor shortages. Shareholders should note that Rs 443.72 million remains unutilized and is expected to be deployed in FY27 as order pipeline improves.