Sathlokhar Synergys E&C Global Limited IPO Details
| Detail | Description |
|---|---|
| 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 | 1,000 Shares |
| Total Issue Size | 66,38,000 shares (aggregating up to ₹ 92.93 Cr) |
| Fresh Issue | 66,38,000 shares (aggregating up to ₹ 92.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,74,99,992 |
| Shareholding post issue | 2,41,37,992 |
| Market Maker portion | 6,00,000 shares Giriraj Stock Broking |
About Sathlokhar Synergys E&C Global Limited IPO
Sathlokhar Synergys E&C Global Limited is an integrated engineering, procurement and construction & infra turnkey contracting company providing specialized services for the construction of buildings and infrastructure facilities for industrial, warehousing, commercial, institutional, pharmaceutical projects, solar projects, hospitals, hotels, resorts & villas, etc. The company has in-house professionals; MEP Designers and Engineers who meticulously build and execute the MEP Projects. They also provide the installation of Mechanical, Electrical and Plumbing Networks in construction projects.
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. 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. 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.
Sathlokhar Synergys E&C Global IPO Reservation
| 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 Anchor Investors Details
| Bid Date | July 29, 2024 |
| Shares Offered | 1,810,000 |
| Anchor Portion Size (In Cr.) | 25.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 31, 2024 |
Company & Financials
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, 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 Synergy 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.
Objectives of Sathlokhar Synergys E&C Global IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- 1. Working Capital
- 2. General Corporate Purposes
Sathlokhar Synergys E&C Global IPO Review
The company is operating in a highly competitive and fragmented segment. However, it has created a niche place and currently has orders worth Rs. 450 cr. on hand. Based on FY24 super earnings, the issue appears fully priced. Investors may park funds for the long term.
Sathlokhar Synergys E&C Global Limited IPO Financial Information
Latest Revenue
24,732.09
₹ Crore
Profit After Tax
2,621.43
₹ Crore
Net Worth
4,053.08
₹ Crore
Total Borrowing
7.92
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 10,482.58 | 24,732.09 | 2,621.43 | 4,053.08 | 7.92 | ||||
| 31 Mar 2023 | 4,782.28 | 8,715.66 | 545.55 | 1,431.65 | 612.19 | ||||
| 31 Mar 2022 | 4,627.77 | 5,851.51 | 87.87 | 886.10 | 677.14 | ||||
| Amount in ₹ Crore | |||||||||
Sathlokhar Synergys E&C Global Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 87.33% |
| RoNW | 64.68% |
| P/BV | 1.96 |
| PAT Margin (%) | 10.61 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 14.98 | 10.86 |
| P/E (x) | 9.35 | 12.89 |
Frequently Asked Questions
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Competitive Strengths
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Sathlokhar Synergys E&C Global Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | 140000 |
| Retail (Max) | 1 | 1000 | 140000 |
| HNI (Min) | 2 | 2000 | 280000 |