Sathlokhar Synergys E&C Global Limited IPO of Rs 92.93 crores (Sathlokhar Synergys E&C Global IPO) Detail

The issue is entirely a fresh issue of 66.38 lakh shares. Sathlokhar Synergys E&C Global IPO is a book built issue of Rs 92.93 crores.

Sathlokhar Synergys E&C Global IPO opens for subscription on July 30, 2024 and closes on August 1, 2024. The allotment for the Sathlokhar Synergys E&C Global IPO is expected to be finalized on Friday, August 2, 2024. Sathlokhar Synergys E&C Global IPO will list on NSE SME with tentative listing date fixed as Tuesday, August 6, 2024.

Sathlokhar Synergys E&C Global IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹280,000.

GYR Capital Advisors Private Limited is the book running lead manager of the Sathlokhar Synergys E&C Global IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Sathlokhar Synergys E&C Global IPO is Giriraj Stock Broking.

Sathlokhar Synergys E&C Global Limited IPO : Key Details & Insights

About Sathlokhar Synergys E&C Global Limited

Founded in 2013, Sathlokhar Synergys E&C Global Limited, previously known as Lohats Ventures Private Limited, provides specialized engineering, procurement and construction (EPC) services for the construction of buildings and infrastructure facilities.

Sathlokhar Synergys provides construction services for industrial, warehousing, commercial, institutional and pharmaceutical projects, solar projects, hospitals, hotels, resorts and villas etc. The company also provides installation of mechanical, electrical and plumbing networks in construction projects.

The company has completed projects in 4 states of India, namely Tamil Nadu, Karnataka, Uttar Pradesh and West Bengal. The company also undertakes EPC projects for government agencies through competitive bidding processes. Sathlokhar Synergys is also an authorized dealer of TATA Power Solar Systems Ltd. for providing installation, sales, commissioning and maintenance services for its products as per mutually agreed terms and conditions in connection with its solar power projects.

The company employs a total of 118 people in the departments of accounting and finance, human resources and administration, engineering and operations, procurement and material management and safety and security.

Refer to Sathlokhar Synergys E&C Global IPO RHP for detailed information.

Sathlokhar Synergys E&C Global IPO Details

IPO DateJuly 30, 2024 to August 1, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹133 to ₹140 per share
Lot Size1000 Shares
Total Issue Size6,638,000 shares(aggregating up to ₹92.93 Cr)
Fresh Issue6,638,000 shares(aggregating up to ₹92.93 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue17,499,992
Share holding post issue24,137,992
Market Maker portion600,000 shares

Sathlokhar Synergys E&C Global IPO Reservation

Sathlokhar Synergys E&C Global IPO offers 6,638,000 shares. 1,208,000 (18.20%) to QIB, 906,000 (13.65%) to NII, 2,114,000 (31.85%) to RII and 1,810,000 (27.27%) to Anchor investors.

Investor CategoryShares Offered
Anchor Investor Shares Offered1,810,000 (27.27%)
Market Maker Shares Offered600,000 (9.04%)
QIB Shares Offered1,208,000 (18.20%)
NII (HNI) Shares Offered906,000 (13.65%)
Retail Shares Offered2,114,000 (31.85%)
Total Shares Offered6,638,000 (100%)

Sathlokhar Synergys E&C Global IPO Anchor Investors Details

Sathlokhar Synergys E&C Global IPO raises Rs 25.34 crore from anchor investors. Sathlokhar Synergys E&C Global IPO Anchor bid date is July 29, 2024. Sathlokhar Synergys E&C Global IPO Anchor Investors list

Bid DateJuly 29, 2024
Shares Offered1,810,000
Anchor Portion Size (In Cr.)25.34
Anchor lock-in period end date for 50% shares (30 Days)September 1, 2024
Anchor lock-in period end date for remaining shares (90 Days)October 31, 2024

Sathlokhar Synergys E&C Global IPO Timeline (Tentative Schedule)

Sathlokhar Synergys E&C Global IPO opens on July 30, 2024, and closes on August 1, 2024.

IPO Open DateTuesday, July 30, 2024
IPO Close DateThursday, August 1, 2024
Basis of AllotmentFriday, August 2, 2024
Initiation of RefundsMonday, August 5, 2024
Credit of Shares to DematMonday, August 5, 2024
Listing DateTuesday, August 6, 2024
Cut-off time for UPI mandate confirmation5 PM on August 1, 2024

Sathlokhar Synergys E&C Global IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)11000₹140,000
Retail (Max)11000₹140,000
HNI (Min)22,000₹280,000

Sathlokhar Synergys E&C Global IPO Promoter Holding

Mr. G Thiyagu, Ms. Sangeethaa Thiyagu, and Mr. Dinesh Sankaran are the promoters of the company.

Share Holding Pre Issue86.49%
Share Holding Post Issue

Sathlokhar Synergys E&C Global Limited Financial Information (Restated)

Sathlokhar Synergys E&C Global Limited's revenue increased by 183.77% and profit after tax (PAT) rose by 380.51% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets10,482.584,782.284,627.77
Revenue24,732.098,715.665,851.51
Profit After Tax2,621.43545.5587.87
Net Worth4,053.081,431.65886.10
Reserves and Surplus3,853.091,231.66686.11
Total Borrowing7.92612.19677.14

Key Performance Indicator

The market capitalization of Sathlokhar Synergys E&C Global IPO is Rs 337.93 Cr.

KPI as of March 31, 2024.

KPIValues
ROCE87.33%
RoNW64.68%
P/BV1.96
PAT Margin (%)10.61
Pre IPOPost IPO
EPS (Rs)14.9810.86
P/E (x)9.3512.89

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Sathlokhar Synergys E&C Global IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objects:

  1. Working Capital
  2. General Corporate Purposes

    Sathlokhar Synergys E&C Global Limited Contact Details

    Sathlokhar Synergys E&C Global Limited
    Plot No. 5171, 9th Street,
    Ram Nagar North Extension, Madipakkam,
    Kanchipuram, Saidapet – 600091
    Phone: +91 7299541122
    Email: cs@sathlokhar.com
    Websitehttp://www.sathlokhar.com/

     

Read More-Bulkcorp International Limited IPO of Rs 20.78 crores (Bulkcorp IPO) Detail

Leave a Reply

Your email address will not be published. Required fields are marked *

5 Good Stocks to invest in 2024 5 tips and tricks to fix the most annoying things about your wireless earbuds Bharat Bandh Bharat Serums Advent Gear up BLACKPINK’s Jisoo-upcoming drama Monthly Boyfriend BTS Energy prices require to remain stable and predictable: Oil Minister Puri LIC amends norms for inclusion of shareholders’ directors on its board , The government raised Rs 20,557 crore Music benefits New iPhones usually come with upgraded processors.