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Synergy Green Industries IPO is a fixed price issue of ₹26.46 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹26.46 crore.
Synergy Green Industries IPO bidding started from Sep 4, 2018 and ended on Sep 11, 2018. The shares got listed on BSE SME on Sep 21, 2018.
Synergy Green Industries IPO price is ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Swastika Investmart Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Synergy Green Industries IPO RHP for detailed Information.
| IPO Date | September 4, 2018 to September 11, 2018 |
| Listing Date | September 21, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,80,000 shares (aggregating up to ₹26.46 Cr) |
| Reserved for Market Maker | 1,92,000 shares (aggregating up to ₹1.34 Cr) |
| Net Offered to Public | 35,88,000 shares (aggregating up to ₹25.12 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,03,50,000 shares |
| Share Holding Post Issue | 1,41,30,000 shares |
Synergy Green IPO offers total 37,80,000 shares. Out of which 17,94,000 (47.46%) allocated to NII, 17,94,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.08%) |
| NII (HNI) Shares Offered | 17,94,000 (47.46%) |
| Retail Shares Offered | 17,94,000 (47.46%) |
| Total Shares Offered | 37,80,000 (100.00%) |
Synergy Green Industries IPO opens on September 4, 2018, and closes on September 11, 2018.
| IPO Open Date | Tue, Sep 4, 2018 |
| IPO Close Date | Tue, Sep 11, 2018 |
| Tentative Listing Date | Fri, Sep 21, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 11, 2018 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Incorporated in 2010, Kolhapur based Synergy Green Industries Limited (SGIL) is a company engaged in the business of foundry and manufactures castings, industrial castings, metal castings, turbine castings, steel castings and Windmill Parts.
The manufacturing Unit of the company is located in Kolhapur. It is ISO 9001:2015 certified for Manufacture of Graded Grey Iron, Spheroidal Graphite Iron and Steel Casting and Machined Components for Non-Automotive and Industrial Applications. The company is capable of handling castings ranging from 500 Kg to 17 MT single piece in ductile iron and grey iron.
Some of the major customers of the company are M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens.
Competitive Strengths
1. Client base includes leading names in industry M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens.
2. The strategic location of manufacturing unit brings significant cost advantage in raw material sourcing
The company has 133 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 10,726.23 | 9,178.72 | 8,253.32 | 6,885.80 | 6,514.79 | 5,959.28 |
| Total Revenue | 6,640.60 | 12,067.19 | 8,259.66 | 6,384.93 | 3,723.83 | 954.44 |
| Profit After Tax | 214.81 | 485.96 | 155.21 | (685.06) | (901.51) | (905.28) |
The objects of the issue are to:
1. Purchase of Plant and Machinery
2. Meet Working Capital Requirement
3. General Corporate Purpose
4. Meet the Issue Expenses
[Dilip Davda] <p>Although company’s working has turned positive since last three fiscals, it has yet carried forward losses in the balance sheet. Asking price is aggressive compared to its peers. Hence risk savvy cash surplus investors may consider it for long term.</p> Read detail review...
| Listing Date | September 21, 2018 |
| BSE Script Code | 541929 |
| NSE Symbol | SGIL |
| ISIN | INE00QT01015 |
| Final Issue Price | ₹70 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹76.00 |
| Low | ₹76.00 |
| High | ₹81.90 |
| Last Trade | ₹81.90 |
Synergy Green Industries Ltd.
392 E Ward
Shahupuri
Kolhapur - 416001
Kolhapur, Maharashtra
Phone: +91-0231-2658375
Email: info@synergygreenind.com
Website: http://www.synergygreenind.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: synergygreen.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Synergy Green Industries IPO is a SME IPO of 37,80,000 equity shares of the face value of ₹10 aggregating up to ₹26.46 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on September 4, 2018, and closes on September 11, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Synergy Green Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Synergy Green Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Synergy Green Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Synergy Green Industries IPO opens on September 4, 2018 and closes on September 11, 2018.
Synergy Green Industries IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Synergy Green Industries 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 Synergy Green Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Synergy Green Industries IPO allotment status.
The Synergy Green Industries IPO listing date is on Friday, September 21, 2018.
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