Sathlokhar Synergys E&C Global Limited IPO Detail
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.
Company Promoters
Mr. G Thiyagu, Ms. Sangeethaa Thiyagu, and Mr. Dinesh Sankaran are the promoters of the company.IPO Details
| IPO Opening Date | Jul 30, 2024 |
| IPO Closing Date | Aug 01, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹133 - 140 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹92.93 Cr |
| Fresh Issue | 6,638,000 shares (aggregating up to ₹92.93 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 6.64x | 0.00x | 0.00x | 3.60x | 8.12x | 6.73x |
| Day 2 | 6.79x | 0.00x | 0.00x | 13.72x | 37.14x | 23.45x |
| Day 3 | 171.55x | 0.00x | 0.00x | 382.11x | 160.47x | 211.13x |
IPO Tentative Timetable
The Sathlokhar Synergys E&C Global Limited IPO open date is Jul 30, 2024, and the close date is Aug 01, 2024. The issue may list on Aug 06, 2024.
| IPO Open Date | Jul 30, 2024 |
| IPO Close Date | Aug 01, 2024 |
| Basis of Allotment Date | Aug 02, 2024 |
| Initiation of Refunds | Aug 05, 2024 |
| Credit of Shares to Demat Account | Aug 05, 2024 |
| IPO Listing Date | Aug 06, 2024 |
IPO Lot Size
The Sathlokhar Synergys E&C Global Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹140000 |
| Maximum | 1 | 1000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 86.49% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 10482.58 | 24732.09 | 2621.43 |
| 31-Mar-23 | 4782.28 | 8715.66 | 545.55 |
| 31-Mar-22 | 4627.77 | 5851.51 | 87.87 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objects:
- Working Capital
- General Corporate Purposes
Sathlokhar Synergys E&C Global Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
Sathlokhar Synergys E&C Global Limited IPO Lead Manager(s):
GYR Capital Advisors Private Limited
Company Contact Information:
Sathlokhar Synergys E&C Global Limited
Plot No. 5171, 9th Street, Ram Nagar North Extension, Madipakkam
Kanchipuram
Saidapet
