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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.
Refer to Sathlokhar Synergys E&C Global IPO DRHP for detailed information.
| 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 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
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 |
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 |
| Lot Size Calculator | |||
Mr. G Thiyagu and Ms. Sangeethaa Thiyagu are the promoters of the company.
| Share Holding Pre Issue | 86.49% |
| Share Holding Post Issue |
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 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 |
| Amount in ₹ Lakhs | |||
The market capitalization of Sathlokhar Synergys E&C Global IPO is Rs 337.93 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 14.98 | 10.86 |
| P/E (x) | 9.35 | 12.89 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
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/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Sathlokhar Synergys E&C Global IPO is a SME IPO of 6,638,000 equity shares of the face value of ₹10 aggregating up to ₹92.93 Crores. The issue is priced at ₹133 to ₹140 per share. The minimum order quantity is 1000 Shares.
The IPO opens on July 30, 2024, and closes on August 1, 2024.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sathlokhar Synergys E&C Global IPO using UPI as a payment gateway. Zerodha customers can apply in Sathlokhar Synergys E&C Global IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sathlokhar Synergys E&C Global IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sathlokhar Synergys E&C Global IPO opens on July 30, 2024 and closes on August 1, 2024.
Sathlokhar Synergys E&C Global IPO lot size is 1000 Shares, and the minimum amount required is ₹140,000.
You can apply in Sathlokhar Synergys E&C Global IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sathlokhar Synergys E&C Global IPO will be done on Friday, August 2, 2024, and the allotted shares will be credited to your demat account by Monday, August 5, 2024. Check the Sathlokhar Synergys E&C Global IPO allotment status.
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