Sathlokhar Synergys E&C IPO vs Trom Industries IPO

Comparison between Sathlokhar Synergys E&C IPO and Trom Industries IPO.

IPO Details

Sathlokhar Synergys E&C IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Trom Industries IPO is a SME Bookbuilding proposed to list at NSE SME.

	Sathlokhar Synergys E&C IPO	Trom Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Pvt.Ltd.	Expert Global Consultants Pvt.Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sathlokhar Synergys E&C IPO is up to ₹84.53 Cr whereas the issue size of the Trom Industries IPO is up to ₹29.79 Cr. The final issue price of Sathlokhar Synergys E&C IPO is ₹140.00 per share and of Trom Industries IPO is ₹115.00 per share.

	Sathlokhar Synergys E&C IPO	Trom Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹133.00 per share	₹100.00 per share
Issue Price (Upper)	₹140.00 per share	₹115.00 per share
Issue Price (Final)	₹140.00 per share	₹115.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	60,38,000 shares	25,90,800 shares
Fresh Issue Size (Amount)	up to ₹84.53 Cr	up to ₹29.79 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	60,38,000 shares	25,90,800 shares
Issue Size Total (Amount)	up to ₹84.53 Cr	up to ₹29.79 Cr

IPO Timetable

Sathlokhar Synergys E&C IPO opens on Jul 30, 2024, while Trom Industries IPO opens on Jul 25, 2024. The closing date of Sathlokhar Synergys E&C IPO and Trom Industries IPO is Aug 01, 2024, and Jul 29, 2024, respectively.

	Sathlokhar Synergys E&C IPO	Trom Industries IPO
Anchor Bid Date	Jul 29, 2024	Jul 24, 2024
Issue Open	Jul 30, 2024	Jul 25, 2024
Issue Close	Aug 01, 2024	Jul 29, 2024
Basis Of Allotment (Tentative)	Aug 02, 2024	Jul 30, 2024
Initiation of Refunds (Tentative)	Aug 05, 2024	Jul 31, 2024
Credit of Share (Tentative)	Aug 05, 2024	Jul 31, 2024
Listing date (Tentative)	Aug 06, 2024	Aug 01, 2024
Anchor Lockin End date 1	Sep 01, 2024	Aug 29, 2024
Anchor Lockin End date 2	Oct 31, 2024	Oct 28, 2024

Financials & KPIs

Sathlokhar Synergys E&C IPO P/E ratio is 9.35, as compared to Trom Industries IPO P/E ratio of 12.98.

Sathlokhar Synergys E&C IPO

Trom Industries IPO

Financials

Sathlokhar Synergys E&C Global Limited Financial Information (Restated)

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
Total Income	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

Trom Industries Limited Financial Information (Restated)

Trom Industries Limited's revenue increased by 125.98% and profit after tax (PAT) rose by 1885.2% 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	2,919.93	2,155.35	1,854.32
Total Income	5,454.68	2,413.80	3,056.55
Profit After Tax	572.93	28.86	35.98
Net Worth	1,222.57	249.92	221.12
Reserves and Surplus	575.84	248.92	220.12
Total Borrowing	573.71	492.82	85.66
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.49

98.84

Promoter Shareholding (Post-Issue)

69.52

P/E Ratio

9.35

12.98

Market Cap

₹337.93 Cr.

₹105.74 Cr.

ROE

77.82%

ROCE

87.33%

47.11%

Debt/Equity

0.47

EPS

₹14.98

₹8.86

RoNW

64.68%

77.82%

Shares Offered

In the Sathlokhar Synergys E&C IPO Retail Individual Investors (RII) are offered 21,14,000 shares while in Trom Industries IPO retail investors are offered 21,14,000 shares. Qualified Institutional Buyers (QIB) are offered 12,08,000 shares in Sathlokhar Synergys E&C IPO and 5,18,400 shares in Trom Industries IPO.

	Sathlokhar Synergys E&C IPO	Trom Industries IPO
Anchor Investor Reserveration	18,10,000 shares	7,76,400 shares
Market Maker Reserveration	6,00,000 shares	1,36,800 shares
QIB	12,08,000 shares	5,18,400 shares
NII	9,06,000 shares	3,88,800 shares
RII	21,14,000 shares	9,07,200 shares
Employee
Others
Total	60,38,000 shares	25,90,800 shares

Bids Received (Subscription)

Sathlokhar Synergys E&C IPO subscribed 211.13x in total, whereas Trom Industries IPO subscribed 459.00x.

	Sathlokhar Synergys E&C IPO	Trom Industries IPO
QIB (times)	171.55x	197.07x
NII (times)	382.11x	751.90x
Big NII (times)
Small NII (times)
RII (times)	160.47x	483.14x
Employee (times)
Other (times)
Total (times)	211.13x	459.00x

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