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Synergy Green IPO is a fixed price issue of Rs 26.46 crores.
Synergy Green IPO bidding started from September 4, 2018 and ended on September 11, 2018. The shares got listed on BSE SME on September 21, 2018.
Synergy Green IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
Swastika Investmart Ltd is the book running lead manager of the Synergy Green IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Synergy Green IPO RHP for detailed information.
| IPO Date | September 4, 2018 to September 11, 2018 |
| Listing Date | September 21, 2018 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,780,000 shares (aggregating up to ₹26.46 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10,350,000 |
| Share holding post issue | 14,130,000 |
| Market Maker portion | 192,000 shares |
Synergy Green IPO offers 3,780,000 shares. 1,794,000 (47.46%) to NII, 1,794,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 192,000 (5.08%) |
| Other Shares Offered | 1,794,000 (47.46%) |
| Retail Shares Offered | 1,794,000 (47.46%) |
| Total Shares Offered | 3,780,000 (100%) |
Investors can bid for a minimum of 2000 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 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| Lot Size Calculator | |||
Incorporated in 2010, Kolhapur based Synergy Green Industries Limited (SGIL) is a company engaged in the business of foundry and manufactures castings, industrial castings, metal castings, turbine castings, steel castings and Windmill Parts.
The manufacturing Unit of the company is located in Kolhapur. It is ISO 9001:2015 certified for Manufacture of Graded Grey Iron, Spheroidal Graphite Iron and Steel Casting and Machined Components for Non-Automotive and Industrial Applications. The company is capable of handling castings ranging from 500 Kg to 17 MT single piece in ductile iron and grey iron.
Some of the major customers of the company are M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens.
Competitive Strengths
1. Client base includes leading names in industry M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens.
2. The strategic location of manufacturing unit brings significant cost advantage in raw material sourcing
The company has 133 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 10,726.23 | 9,178.72 | 8,253.32 | 6,885.80 | 6,514.79 | 5,959.28 |
| Total Revenue | 6,640.60 | 12,067.19 | 8,259.66 | 6,384.93 | 3,723.83 | 954.44 |
| Profit After Tax | 214.81 | 485.96 | 155.21 | (685.06) | (901.51) | (905.28) |
The objects of the issue are to:
1. Purchase of Plant and Machinery
2. Meet Working Capital Requirement
3. General Corporate Purpose
4. Meet the Issue Expenses
[Dilip Davda]
Although company’s working has turned positive since last three fiscals, it has yet carried forward losses in the balance sheet. Asking price is aggressive compared to its peers. Hence risk savvy cash surplus investors may consider it for long term.
Read detail review...The Synergy Green IPO is subscribed 1.13 times on September 11, 2018 6:30:02 PM. The public issue subscribed 0.36 times in the retail category, times in the QIB category, and 1.00 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.00 |
| Retail | 0.36 |
| Total | 1.13 |
| Listing Date | September 21, 2018 |
| BSE Script Code | 541929 |
| NSE Symbol | SGIL |
| ISIN | INE00QT01015 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹70.00 |
| ₹76.00 |
| ₹76.00 |
| ₹81.90 |
| ₹81.90 |
Synergy Green Industries Limited
392 E Ward
Shahupuri
Kolhapur - 416001
Phone: +91-0231-2658375
Email: info@synergygreenind.com
Website: http://www.synergygreenind.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: synergygreen.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Synergy Green IPO is a SME IPO of 3,780,000 equity shares of the face value of ₹10 aggregating up to ₹26.46 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 4, 2018, and closes on September 11, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Synergy Green IPO opens on September 4, 2018 and closes on September 11, 2018.
Synergy Green IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
You can apply in Synergy Green 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 Synergy Green IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Synergy Green IPO allotment status.
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sold @81.9 ... 17% up!!!!!