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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 ₹140.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,33,000 (1000 shares). The minimum lot size investment for 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 Date | July 30, 2024 to August 1, 2024 |
| Listing Date | August 6, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹133 to ₹140 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 66,38,000 shares (aggregating up to ₹92.93 Cr) |
| Reserved for Market Maker | 6,00,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹8.40 Cr) |
| Net Offered to Public | 60,38,000 shares (aggregating up to ₹84.53 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,74,99,992 shares |
| Share Holding Post Issue | 2,41,37,992 shares |
Sathlokhar Synergys E&C Global IPO offers total 66,38,000 shares. Out of which 30,18,000 (45.47%) allocated to QIB, 12,08,000 (18.20%) allocated to QIB, 9,06,000 (13.65%) allocated to NII, 21,14,000 (31.85%) allocated to RII and 18,10,000 (27.27%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 6,00,000 (9.04%) |
| QIB Shares Offered | 30,18,000 (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 (13.65%) |
| Retail Shares Offered | 21,14,000 (31.85%) |
| Total Shares Offered | 66,38,000 (100.00%) |
Sathlokhar Synergys E&C IPO raises ₹25.34 crore from anchor investors. Sathlokhar Synergys E&C IPO Anchor bid date is July 29, 2024. Sathlokhar Synergys E&C IPO Anchor Investors list
| Bid Date | July 29, 2024 |
| Shares Offered | 18,10,000 |
| 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 |
Sathlokhar Synergys E&C IPO opens on July 30, 2024, and closes on August 1, 2024.
| IPO Open Date | Tue, Jul 30, 2024 |
| IPO Close Date | Thu, Aug 1, 2024 |
| Tentative Allotment | Fri, Aug 2, 2024 |
| Initiation of Refunds | Mon, Aug 5, 2024 |
| Credit of Shares to Demat | Mon, Aug 5, 2024 |
| Tentative Listing Date | Tue, Aug 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 1, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 | |||
The market capitalization of Sathlokhar Synergys E&C IPO is ₹337.93 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROCE | 87.33% |
| RoNW | 64.68% |
| PAT Margin | 10.61% |
| Price to Book Value | 1.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 14.98 | 10.86 |
| P/E (x) | 9.35 | 12.89 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] 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 long term. Read detail review...
| Listing Date | August 6, 2024 |
| BSE Script Code | |
| NSE Symbol | SSEGL |
| ISIN | INE0RFP01011 |
| Final Issue Price | ₹140 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹260.00 |
| Low | ₹247.00 |
| High | ₹260.00 |
| Last Trade | ₹247.00 |
Sathlokhar Synergys E&C Global Ltd.
Plot No. 5171, 9th Street,
Ram Nagar North Extension, Madipakkam,
Saidapet
Kanchipuram, Tamil Nadu, 600091
Phone: +91 7299541122
Email: cs@sathlokhar.com
Website: http://www.sathlokhar.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Sathlokhar Synergys E&C IPO is a SME IPO of 66,38,000 equity shares of the face value of ₹10 aggregating up to ₹92.93 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on July 30, 2024, and closes on August 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 July 30, 2024 and closes on August 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 Monday, August 5, 2024. Check the Sathlokhar Synergys E&C IPO allotment status.
The Sathlokhar Synergys E&C IPO listing date is on Tuesday, August 6, 2024.
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