Sathlokhar Synergys E&C Global IPO will open for subscription from 30 July 2024. The company aims for an issue size of ₹92.93 Cr through this IPO.
Company Overview
| Full name | Sathlokhar Synergys E&C Global Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://www.sathlokhar.com/ |
About Company
Sathlokhar Synergys E&C Global is an EPC (Engineering, Procurement, and Construction) and turnkey contracting powerhouse. They specialize in crafting solutions for a diverse array of projects ranging from industrial structures to warehousing hubs, commercial edifices, institutional complexes, and pharmaceutical facilities. Their expertise also spans solar initiatives, hospitals, luxurious hotels, serene resorts, and elegant villas.
The company handles EPC projects for government entities through tender offerings and excels in installing Mechanical, Electrical, and Plumbing (MEP) networks. As an authorized channel partner for TATA Power Solar Systems, Sathlokhar provides installation, sales, commissioning, and maintenance services for TATA’s solar products under mutually agreed terms.
Sathlokhar Synergys currently operates across Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, West Bengal, Gujarat, and Uttar Pradesh, with plans for further expansion. As of May 2024, Sathlokhar Synergys E&C Global has 14 ongoing projects totaling INR 452 crore across three states. The company has successfully executed 63 projects.
The Objectives of the Issue
- Working Capital
- General Corporate Purposes
Sathlokhar Synergys E&C Global IPO Timetable
| IPO Opening date | 30 July 2024 |
| IPO Closing | 01 August 2024 |
| Basis of Allotment | 02 August 2024 |
| Initiation Refund | 05 August 2024 |
| Credit to Demat Account | 05 August 2024 |
| Listing Date | 06 August 2024 |
Sathlokhar Synergys E&C Global IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹92.93 Cr – 6,638,000 shares |
| Fresh Issue | ₹92.93 Cr – 6,638,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 600,000 shares |
| Shareholding pre-issue | 17,499,992 |
| Shareholding post-issue | 24,137,992 |
| Listing Exchange | NSE SME |
Sathlokhar Synergys E&C Global Offer Lot Size
| 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 Offer Documents
Sathlokhar Synergys E&C Global IPO Reservation Details
| 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 Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 58.49 | 87.11 | 246.97 |
| Expenses | 57.34 | 79.84 | 212.32 |
| Net income | 0.88 | 5.46 | 26.21 |
Sathlokhar Synergys E&C Global Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.50 | 3.12 | 14.98 |
| PE ratio | – | – | 8.88 – 9.35 |
| RONW (%) | 9.92 | 38.11 | 64.68 |
| NAV | 5.06 | 8.18 | 23.16 |
| ROCE (%) | 10.87 | 40.56 | 87.33 |
| EBITDA (%) | 3.02 | 9.61 | 14.44 |
| Debt/Equity | 0.76 | 0.43 | 0.00 |
Company Promoters
- Mr. G Thiyagu
- Ms. Sangeethaa Thiyagu
- Mr. Dinesh Sankaran
Promoter Holding
| Pre Issue Share Holding | 86.49% |
| Post Issue Share Holding |
Sathlokhar Synergys E&C Global Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 5 August 2024 | 120 | – | 90,000 |
| 3 August 2024 | 155 | – | 1,24,000 |
| 2 August 2024 | 155 | – | 1,24,000 |
| 1 August 2024 | 150 | – | 1,20,000 |
| 31 July 2024 | 135 | – | 1,08,000 |
| 30 July 2024 | 120 | – | 90,000 |
| 29 July 2024 | 85 | – | 46,500 |
| 27 July 2024 | 85 | – | 46,500 |
| 26 July 2024 | 75 | – | 40,000 |
| 25 July 2024 | 20 | – | 15,000 |
Sathlokhar Synergys E&C Global IPO Subscription Update
| Category | Subscription (times) |
|---|---|
| QIB | 171.55 |
| NII | 382.11 |
| Retail | 160.47 |
| Total | 211.13 |
Sathlokhar Synergys E&C Global IPO Allotment Status
Sathlokhar Synergys IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
Sathlokhar Synergys E&C Global IPO Listing Details
| Listing Date | 06 August 2024 |
| BSE Scrip Code | |
| NSE Symbol | SSEGL |
| ISIN | INE0RFP01011 |
| Final Issue Price | ₹140 per share |
Sathlokhar Synergys E&C Global IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹140.00 |
| Open | ₹260.00 |
| Low | ₹247.00 |
| High | ₹260.00 |
| Last Trade | ₹247.00 |
Sathlokhar Synergys E&C Global IPO Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej, Ahmedabad-380 054
Phone:+91 8777564648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Sathlokhar Synergys E&C Global Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: + 91- 022-4961 4132
Email: support@purvashare.com
Website: www.purvashare.com
Sathlokhar Synergys E&C Global Contact Details
SATHLOKHAR SYNERGYS E&C GLOBAL LIMITED
Plot No. 5171, 9th Street, Ram Nagar
North Extension, Madipakkam, Kanchipuram,
Saidapet, Tamil Nadu, India- 600091
Phone: +91 7299541122
E-mail: cs@sathlokhar.com
Website: www.sathlokhar.com
Sathlokhar Synergys E&C Global IPO FAQs
What is the Sathlokhar Synergys offer size?
Sathlokhar Synergys offer size is ₹ 88.29 – 92.93 crores.
What is the Sathlokhar Synergys offer price band?
Sathlokhar Synergys public offer price is ₹ 133 – 140 per share.
What is the lot size of the Sathlokhar Synergys IPO?
Sathlokhar Synergys offer a lot size is 1,000 shares.
What is Sathlokhar Synergys IPO GMP today?
Sathlokhar Synergys IPO GMP today is ₹ 120 per share.
What is the Sathlokhar Synergys kostak rate today?
Sathlokhar Synergys kostak rate today is ₹ NA per application.
What is Sathlokhar Synergys Subject to the Sauda rate today?
Sathlokhar Synergys is Subject to the Sauda rate today is ₹ 90,000 per application.
Final thoughts
Sathlokhar Synergys E&C Global IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
