Sathlokhar Synergys E&C Global Limited IPO
- IPO Date30 Jul, 2024 to 01 Aug, 2024
- Listing Date06 Aug, 2024
- Face Value₹10 per share
- Issue Price₹133 to ₹140 per share
- Lot Size1000 Shares
- Minimum Investment₹1,40,000
- Listing AtNSE SME
- Total Issue Size66,38,000 Shares
(aggregating up to ₹92.93 Cr) - Fresh Issue66,38,000 Shares
(aggregating up to ₹92.93 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,74,99,992
- Shareholding post issue2,41,37,992
IPO Dates
Closing Date
01 Aug, 2024
Initiation of Refunds
05 Aug, 2024
Listing Date
06 Aug, 2024
30 Jul, 2024
Opening Date
02 Aug, 2024
Basis of Allotment
05 Aug, 2024
Credit of Shares
Sathlokhar Synergys E&C Global Limited 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 |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 1000 | ₹1,40,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1000 | ₹1,40,000 |
| S-HNI (Min) | 2 | 2000 | ₹2,80,000 |
Sathlokhar Synergys E&C Global Limited Promoter Holding
Mr. G Thiyagu, Ms. Sangeethaa Thiyagu, and Mr. Dinesh Sankaran are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 86.49% | - |
Sathlokhar Synergys E&C Global Limited COMPANY INFORMATION
Sathlokhar Synergys E&C Global IPO is a book built issue of Rs 92.93 crores. The issue is entirely a fresh issue of 66.38 lakh shares. 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. Refer to Sathlokhar Synergys E&C Global IPO RHP for detailed information.
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.
Sathlokhar Synergys Limited IPO
Company Overview
Sathlokhar Synergys Limited is a prominent player in the construction industry, focusing on EPC (Engineering, Procurement, and Construction) projects. The company has seen significant growth in its revenue due to successful project completions and strategic expansions.
Financial Performance
Revenue Growth
- FY 2021-22: Revenue increased from ?3244.29 Lakhs to ?5848.68 Lakhs, marking an 80.28% growth.
- FY 2022-23: Revenue further increased to ?8710.91 Lakhs, reflecting a 48.94% growth.
- FY 2023-24: Revenue reached ?24697.37 Lakhs, showing an impressive 183.50% growth.
Key Financial Metrics
- EBITDA: Grew from ?837.32 Lakhs in FY 2022-23 to ?3572.45 Lakhs in FY 2023-24.
- EBITDA Margin: Improved from 9.61% to 14.44%.
- Restated Profit: Increased from ?545.55 Lakhs to ?2621.43 Lakhs.
- Profit Margin: Enhanced from 6.26% to 10.61%.
Objectives of the Issue
The primary objectives of the IPO include funding ongoing projects, expanding operations, and enhancing financial stability by reducing debt.
Risks and Concerns
Market Dependency
- Dependence on the construction market and private contracts can be risky due to economic fluctuations.
Competition
- The industry is highly competitive with several established players.
Pros and Cons
Pros
- Strong Revenue Growth: Consistent increase in revenue over the past three fiscal years.
- Strategic Expansions: Successful entry into new markets and states, enhancing market presence.
- Enhanced EBITDA Margins: Reflecting efficient cost management and profitability.
- Positive Client Relationships: Strong testimonials and timely project completions building market trust.
Cons
- High Dependency on Contracts: Over-reliance on acquiring new contracts for revenue growth.
- Market Volatility: Vulnerability to economic downturns affecting the construction sector.
- Operational Risks: Potential risks in project execution and delivery timelines.
Future Outlook
The company plans to leverage its core competencies and expand its project portfolio further. There is a strong emphasis on maintaining client relationships and enhancing project execution capabilities to sustain growth.
FAQs About Sathlokhar Synergys Ec Global Limited Ipo
Sathlokhar Synergys E&C Global Limited IPO will open on 30 Jul, 2024 and close on 01 Aug, 2024. Investors must apply within this period to participate.
The Sathlokhar Synergys E&C Global Limited IPO price band is set between ₹133.00 and ₹140.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹140000.00.
The Sathlokhar Synergys E&C Global Limited IPO shares are expected to be listed on 06 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Sathlokhar Synergys E&C Global Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Sathlokhar Synergys E&C Global Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.