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.
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 Date | July 30, 2024 to August 1, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,638,000 shares(aggregating up to ₹92.93 Cr) |
| Fresh Issue | 6,638,000 shares(aggregating up to ₹92.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,499,992 |
| Share holding post issue | 24,137,992 |
| Market Maker portion | 600,000 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 Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,810,000 (27.27%) |
| Market Maker Shares Offered | 600,000 (9.04%) |
| QIB Shares Offered | 1,208,000 (18.20%) |
| NII (HNI) Shares Offered | 906,000 (13.65%) |
| Retail Shares Offered | 2,114,000 (31.85%) |
| Total Shares Offered | 6,638,000 (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 Date | July 29, 2024 |
| Shares Offered | 1,810,000 |
| 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 Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 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.| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹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 Issue | 86.49% |
| 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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 10,482.58 | 4,782.28 | 4,627.77 |
| Revenue | 24,732.09 | 8,715.66 | 5,851.51 |
| Profit After Tax | 2,621.43 | 545.55 | 87.87 |
| Net Worth | 4,053.08 | 1,431.65 | 886.10 |
| Reserves and Surplus | 3,853.09 | 1,231.66 | 686.11 |
| Total Borrowing | 7.92 | 612.19 | 677.14 |
Key Performance Indicator
The market capitalization of Sathlokhar Synergys E&C Global IPO is Rs 337.93 Cr.KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROCE | 87.33% |
| RoNW | 64.68% |
| P/BV | 1.96 |
| PAT Margin (%) | 10.61 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 14.98 | 10.86 |
| P/E (x) | 9.35 | 12.89 |
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:
- Working Capital
- 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
Website: http://www.sathlokhar.com/
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