Bookbuilding IPO | ₹93 Cr | Listed at NSE SME | Tue, Jul 30, 2024 - Thu, Aug 1, 2024
Sathlokhar Synergys E&C IPO is a book build issue of ₹92.93 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹92.93 crore.
Sathlokhar Synergys E&C IPO bidding started from Jul 30, 2024 and ended on Aug 1, 2024. The allotment for Sathlokhar Synergys E&C IPO was finalized on Aug 2, 2024. The shares got listed on NSE SME on Aug 6, 2024.
Sathlokhar Synergys E&C IPO price band is set at ₹140 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,40,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Sathlokhar Synergys E&C IPO RHP for detailed Information.
IPO Open
Tue, Jul 30, 2024
IPO Close
Thu, Aug 1, 2024
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹337.93 Cr
| IPO Date | 30 Jul to 1 Aug, 2024 |
| Listed on | Tue, Aug 6, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 66,38,000 shares (agg. up to ₹93 Cr) |
| Reserved for Market Maker | 6,00,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹8 Cr) |
| Fresh Issue (Ex Market Maker) | 60,38,000 shares (agg. up to ₹85 Cr) |
| Net Offered to Public | 60,38,000 shares (agg. up to ₹85 Cr) |
| Share Holding Pre Issue | 1,74,99,992 shares |
| Share Holding Post Issue | 2,41,37,992 shares |
| NSE Symbol | SSEGL |
| ISIN | INE0RFP01011 |
Sathlokhar Synergys E&C IPO comprises a total issue size of 66,38,000 shares. The net offer to the public is 60,38,000 shares, after excluding 6,00,000 shares allotted on a firm basis. Of the Net offer 30,18,000 (49.98%) are allocated to QIB, 9,06,000 (15.00%) allocated to NII 21,14,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,18,000 | 49.98% | 45.47% |
| − Anchor Investor Shares Offered | 18,10,000 | 27.27% | |
| − QIB (Ex. Anchor) Shares Offered | 12,08,000 | 18.20% | |
| NII (HNI) Shares Offered | 9,06,000 | 15.00% | 13.65% |
| Retail Shares Offered | 21,14,000 | 35.01% | 31.85% |
| Firm Reservations | |||
| Market Maker Shares Offered | 6,00,000 | 9.04% | |
| Total Shares Offered | 66,38,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Sathlokhar Synergys E&C IPO raises ₹25.34 crore from anchor investors. Sathlokhar Synergys E&C IPO Anchor bid date is July 29, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jul 29, 2024 |
| Shares Offered | 18,10,000 |
| Anchor Portion (₹ Cr.) | 25.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Oct 31, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 104.83 | 47.82 | 46.28 |
| Total Income | 247.32 | 87.16 | 58.52 |
| Profit After Tax | 26.21 | 5.46 | 0.88 |
| NET Worth | 40.53 | 14.32 | 8.86 |
| Reserves and Surplus | 38.53 | 12.32 | 6.86 |
| Total Borrowing | 0.08 | 6.12 | 6.77 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital | 73.00 |
| 2 | General Corporate Purposes | 15.43 |
| KPI | Mar 31, 2024 |
|---|---|
| ROCE | 87.33% |
| RoNW | 64.68% |
| PAT Margin | 10.61% |
| Price to Book Value | 1.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 14.98 | 10.86 |
| P/E (x) | 9.35 | 12.89 |
| Promoter Holding | 86.5% | 62.71% |
| Market Cap | ₹337.93 Cr. |
The Sathlokhar Synergys E&C Global IPO is subscribed 211.13 times on August 1, 2024 6:20:00 PM (Day 3). The public issue subscribed 160.47 times in the retail category, 171.55 times in the QIB category, and 382.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 171.55 | 12,08,000 | 20,72,38,000 |
| NII* | 382.11 | 9,06,000 | 34,61,89,000 |
| Retail | 160.47 | 21,14,000 | 33,92,28,000 |
| Total | 211.13 | 42,28,000 | 89,26,55,000 |
Total Application : 3,39,228
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Counsel, Registrars and other out of pocket expenses | 0.50 |
| 2 | Advertising and Marketing Expenses | 2.85 |
| 3 | Fees payable to the stock exchange(s) | 0.15 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.03 |
| 5 | Brokerage and Selling Commission | 0.10 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s Fees etc.) | 0.87 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹260.00 |
| Low | ₹247.00 |
| High | ₹260.00 |
| Last Trade | ₹247.00 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Sathlokhar Synergys E&C IPO is a SME IPO of 66,38,000 equity shares of the face value of ₹10 aggregating up to ₹93 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Jul 30, 2024, and closes on Thu, Aug 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 IPO using UPI as a payment gateway. Zerodha customers can apply in Sathlokhar Synergys E&C IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sathlokhar Synergys E&C IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sathlokhar Synergys E&C IPO opens on Tue, Jul 30, 2024 and closes on Thu, Aug 1, 2024.
Sathlokhar Synergys E&C IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Sathlokhar Synergys E&C IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sathlokhar Synergys E&C IPO will be done on Friday, August 2, 2024, and the allotted shares will be credited to your demat account by Mon, Aug 5, 2024. Check the Sathlokhar Synergys E&C IPO allotment status.
The Sathlokhar Synergys E&C IPO listing date is on Tue, Aug 6, 2024.
