Sathlokhar Synergys E&C Global Limited IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 30 Jul 24 – 1 Aug 24 | ₹1,33,000 | 1,000 | ₹133 – ₹140 |
Issue Size | IPO Doc |
|---|---|
| 92.93Cr | RHP PDF |
About Sathlokhar Synergys E&C Global Limited
| Founded in | 2013 |
| Managing director | Mr. G Thiyagu |
| Parent organisation | Sathlokhar Synergys E&C Global Ltd |
Sathlokhar Synergys E&C Global Limited, previously known as Lohats Ventures Private Limited.
Sathlokhar Synergys E&C Global Limited is a company that handles engineering, procurement, and construction (EPC) projects. They work on a variety of projects including industrial buildings, warehouses, commercial spaces, hospitals, hotels, and solar energy facilities. They have worked in Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal.
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The company is involved in EPC projects for government agencies and handles everything from design to project management, including mechanical, electrical, and plumbing installations.
Also Read: 10 Smart Financial Tips to Increase Your Savings
Now, they’re offering shares to the public through an Initial Public Offering (IPO)! Here’s what you need to know:
- How Much to Raise: They aim to raise ₹92.93 crores with 66.38 lakh new shares.
- When It’s Happening: You can buy shares from July 30 to August 1, 2024. The shares will be listed on August 6, 2024.
- Share Price: Each share will cost between ₹133 and ₹140.
- Investment Details:
- For regular investors: Minimum investment is ₹140,000 for 1,000 shares.
- For high-net-worth investors: Minimum investment is ₹280,000 for 2,000 shares.
Who’s Handling It:
- Lead Manager: GYR Capital Advisors Private Limited
- Registrar: Purva Sharegistry India Pvt Ltd
- Market Maker: Giriraj Stock Broking
For more details, check out the IPO’s Red Herring Prospectus (RHP).
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Financial Information
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 March 31, 2023, and March 31, 2024.
| 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 |
| Amount in ₹ Lakhs | |||
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IPO Timeline
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 |
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IPO FAQs
Sathlokhar Synergys, founded in 2013, is a company specializing in engineering, procurement, and construction (EPC) services for various projects, including industrial, commercial, and solar power installations.
The company works on a wide range of projects, including industrial buildings, warehouses, commercial spaces, hospitals, hotels, resorts, villas, and solar power facilities. They also handle mechanical, electrical, and plumbing installations.
They have completed projects in Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal.
Sathlokhar Synergys is an authorized dealer for TATA Power Solar Systems Ltd., providing installation, sales, commissioning, and maintenance services for solar power projects.
The IPO aims to raise ₹92.93 crores through a fresh issue of 66.38 lakh shares.
The IPO opens for subscription on July 30, 2024, and closes on August 1, 2024. The allotment is expected to be finalized on August 2, 2024, with the shares listed on the NSE SME on August 6, 2024.
The price band is set between ₹133 and ₹140 per share.
Retail investors: minimum of ₹140,000 for 1,000 shares.
High Net-Worth Individuals (HNI): minimum of ₹280,000 for 2,000 shares.
Lead Manager: GYR Capital Advisors Private Limited
Registrar: Purva Sharegistry India Pvt Ltd
Market Maker: Giriraj Stock Broking
The company undertakes EPC projects for government agencies by participating in competitive bidding processes.
