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Synergy Green Industries Ltd Rights Issue (Synergy Green Industries Rights Issue 2024) Detail

September 23, 2024 - October 4, 2024
Synergy Green Industries Ltd Logo

Synergy Green Industries Limited was established in 2011 and is engaged in the manufacture of large format critical castings for the wind turbine industry, wind gearboxes and general engineering applications such as mining, plastic injection moulding and pumps.

Synergy Green Industries is the only company in India to have installed a semi-automated mould preparation line and delivers excellent quality with highest productivity. The company manufactures ductile iron, grey iron and steel castings in a weight range of 3 MT to 30 MT single piece.

The company's customer list includes the world’s top 10 wind turbine OEMs such as Vestas, Siemens Gamesa, GE Renewable, Nordex and Senvion, as well as wind gearbox customers such as ZF and Flender.

Synergy Green Industries Rights Issue 2024 Detail

Issue Open September 23, 2024 - October 4, 2024
Security Name Synergy Green Industries Ltd
Issue Size (Shares) 1,413,000
Issue Size (Amount) ₹45.92 Crores
Issue Price ₹325 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

The entire amount of the Issue Price of Rs. 325 per Rights Equity Share shall be payable at the time of Application.

Entitlement 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

Synergy Green Industries Rights Issue 2024 Issue Timetable

Last Date to buy sharesSeptember 10, 2024
Record Date September 11, 2024
Credit of Rights Entitlements September 16, 2024
Bid/Offer Opens On September 23, 2024
Renunciation of Rights Entitlements September 30, 2024
Bid/Offer Closes On October 4, 2024
Deemed Date of Allotment October 11, 2024
Credit Date October 15, 2024
Listing Date October 21, 2024

Company Financials

Synergy Green Industries Ltd Financial Information (Restated)

Synergy Green Industries Ltd's revenue increased by 13% and profit after tax (PAT) rose by 1233% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets198181.77
Revenue328.13290.42
Profit After Tax11.560.87
Net Worth46.6935.11
Reserves and Surplus20.98
Total Borrowing69.2272.95
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the net proceeds from the issue towards funding the following objects:

  1. Capital expenditure for enhancement of present foundry capacity of 30,000 MT/Annum to enhance the foundry capacity up to 45,000 MT/Annum.
  2. Capital Expenditure for setting up New Fettling Shop (Foundry Expansion) 45,000 MT/Annum Capacity at Five Star MIDC, Kagal, Kolhapur-416216, Maharashtra.
  3. Capital Expenditure to build 10,000 MT/Annum of new machining capacity at Five Star MIDC, Kagal, Kolhapur-416216, Maharashtra.
  4. Installation of Solar plant for Captive consumption.
  5. To meet General corporate purposes.
  6. To meet the expenses of the Issue.

Synergy Green Industries Rights Issue 2024 Subscription Status

Synergy Green Industries Rights Issue 2024 is subscribed 5.39 times as on September 26, 2024 5:01:06 PM. The total bid quantity received by BSE, NSE is 7,618,974 shares.

Synergy Green Industries Rights Issue 2024 Documents

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Company Contact Information

Synergy Green Industries Ltd
392,
E Ward Shahupuri,
Kolhapur - 416001

Phone: 910231265837
Email: nmm@synergygreenind.com
Website: http://www.synergygreenind.com/

Synergy Green Industries Rights Issue 2024 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: synergygreen.rights@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Synergy Green Industries Rights Issue 2024 Lead Manager(s)

Synergy Green Industries Rights Issue 2024 FAQs

The Synergy Green Industries Rights Issue 2024 opens on September 23, 2024, and closes on October 4, 2024.

Synergy Green Industries Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsSeptember 16, 2024
Last Date for renunciation of Rights EntitlementsSeptember 30, 2024
Issue Opening DateSeptember 23, 2024
Issue Closing DateOctober 4, 2024
Date of Allotment (on or about)October 11, 2024
Date of Credit (on or about)October 15, 2024
Date of Listing (on or about)October 21, 2024

Synergy Green Industries Rights Issue 2024 price is set at ₹325 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date (September 11, 2024).

The record date for the Synergy Green Industries Rights Issue 2024 is September 11, 2024.

The issue size of Synergy Green Industries Rights Issue 2024 is of 1,413,000 equity shares at ₹325 per share aggregating upto ₹45.92 Crores.

The Letter of Offer for Synergy Green Industries Rights Issue 2024 can be download here.

You can apply for Synergy Green Industries Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Synergy Green Industries Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Synergy Green Industries Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Synergy Green Industries Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Synergy Green Industries Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Synergy Green Industries Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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