25-Jul-2024
2 mins read
- Sathlokhar Synergys E&C Global IPO is a book-built issue of Rs 92.93 crores.
- This upcoming IPO bidding opens on July 30 and closes on August 1, 2024.
- Sathlokhar Synergys E&C Global SME IPO price is set at Rs 133 - Rs 140 per share.
- The minimum investment required Rs 1,40,000.
Sathlokhar Synergys E&C Global IPO: Synopsis
Sathlokhar Synergys E&C Global IPO is open for subscription starting Tuesday, July 30, 2024, and closing on Thursday, August 1, 2024. The price band of this upcoming IPO is set at Rs 133 to Rs 140 per share.
The minimum lot size set for the retail category is 1000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2000 shares. The minimum investment required for retail category investors is Rs 1,40,000 (140 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,80,000 (140 x 2000 shares).
Sathlokhar Synergys E&C Global IPO is a book-built issue of Rs 92.93 crores. This upcoming IPO is an entirely fresh issue of 66.38 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, August 2, 2024.
Sathlokhar Synergys E&C Global IPO will be listed on NSE SME on Tuesday, August 6, 2024. GYR Capital Advisors Private Limited is the book-running lead manager, Purva sharegistry India Private Limited is the registrar, and Giriraj Stock Broking is the market maker for this IPO.
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Sathlokhar Synergys E&C Global IPO: About the Company
Sathlokhar Synergys E&C Global Limited was founded in 2013 and provides engineering, procurement, and construction services for the construction of buildings and infrastructure facilities.
The company 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.
Sathlokhar Synergys has completed projects in four Indian states: 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 authorised dealer of TATA Power Solar Systems Limited 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.
Sathlokhar Synergys E&C Global IPO: Objectives
The funds received from this initial public offer will be used to meet the company's day-to-day capital requirements. Other than this, the money will be used for general corporate purposes.
Sathlokhar Synergys E&C Global IPO: Other Important Details
Time-Table of Sathlokhar Synergys E&C Global IPO
Sathlokhar Synergys E&C Global IPO: Financial Metrics (Amt in Rs Lakhs)
Sathlokhar Synergys E&C Global posted revenue of Rs 24,732.09 lakhs and net profit of Rs 2,621.43 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 183.77% but net profit increased by 380.51% between the FY ending on 31 March 2024 and 31 Mar 2023.
Minimum Investment: Lot Size Details
Promoters of Sathlokhar Synergys E&C Global Limited and Their Holdings
The promoters of Sathlokhar Synergys E&C Global company are Mr. G Thiyagu, Ms. Sangeethaa Thiyagu, and Mr. Dinesh Sankaran. The promoters shareholdings before IPO is 86.49% but after the IPO the shareholdings details are not available.
Sathlokhar Synergys E&C Global: Strength of Company
1. Sathlokhar Synergys E&C Global specialises in specialised EPC services for the construction of buildings and infrastructure facilities.
2. The company provides construction services for industrial, warehousing, commercial, institutional and pharmaceutical projects, solar projects, hospitals, hotels, resorts and villas etc.
3. Sathlokhar Synergys E&C Global fundamentals look strong. The net profit showed a sharp growth of 380.51% in the period ending on FY24.
FAQs
1. What are the details of the Sathlokhar Synergys E&C Global IPO?
Sathlokhar Synergys E&C Global IPO is a book-built issue of Rs 92.93 crores. This upcoming IPO is an entirely fresh issue of 66.38 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, August 2, 2024.
2. Who are the lead managers for the Sathlokhar Synergys E&C Global IPO?
GYR Capital Advisors Private Limited is appointed as the book-running lead manager for the IPO.
3. What is the role of Purva sharegistry in this IPO?
Purva sharegistry India Private Limited is the registrar for Sathlokhar Synergys E&C Global Limited, handling the IPO's administrative aspects.
4. How can I apply for the Sathlokhar Synergys E&C Global IPO?
The public subscription of this new IPO will open on July 30, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The funds received from this initial public offer will be used to meet the company's day-to-day capital requirements. Other than this, the money will be used for general corporate purposes.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Sathlokhar Synergys E&C Global Limited IPO by visiting here. For further updates follow Bigul.
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