Sathlokhar Synergys E&C Global is scheduled to hit the market on July 30, 2024 and close on August 01, 2024. Sathlokhar Synergys E&C Global plans to raise around ₹92.93 Cr through an IPO with a sale of up to 6,638,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Founded in 2013, Sathlokhar Synergys E&C Global Limited, previously known as Lohats Ventures Private Limited, specializes in engineering, procurement, and construction (EPC) services for various types of buildings and infrastructure. The company caters to a diverse range of projects, including industrial, warehousing, commercial, institutional, pharmaceutical, solar projects, hospitals, hotels, resorts, and villas. In addition to construction services, Sathlokhar Synergys is also involved in the installation of mechanical, electrical, and plumbing networks within these projects.
Sathlokhar Synergys has successfully completed projects across four states in India: Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal. The company engages in competitive bidding processes to undertake EPC projects for government agencies. Furthermore, it is an authorized dealer of TATA Power Solar Systems Ltd., providing installation, sales, commissioning, and maintenance services for solar power products. The company employs a total of 118 people across various departments, including accounting and finance, human resources and administration, engineering and operations, procurement and material management, as well as safety and security.
Sathlokhar Synergys E&C Global IPO Details
Sathlokhar Synergys E&C Global IPO opens on July 30, 2024, and closes on August 01, 2024. The Listing date for Sathlokhar Synergys E&C Global IPO is on August 06, 2024. The price band for IPO is ₹133 to ₹140 per share and lot size of 1000 Shares.
| IPO Date | July 30, 2024 to August 01, 2024 |
| Listing Date | August 06, 2024 |
| Price | ₹133 to ₹140 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹92.93 Cr |
| Face Value | ₹10 per share |
Sathlokhar Synergys E&C Global IPO Tentative Timetable
Sathlokhar Synergys E&C Global opening date is July 30, 2024 and close date is August 01, 2024. The IPO allotment date is August 02, 2024. Therefund initiation of IPO is on August 05, 2024. The credit of shares in demat account is on August 05, 2024. The listing date is on August 06, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 30, 2024 |
| IPO Closing | August 01, 2024 |
| IPO Allotment Date | August 02, 2024 |
| Refund Initiation | August 05, 2024 |
| Shares Credit to Demat | August 05, 2024 |
| Lisiting Date | August 06, 2024 |
Sathlokhar Synergys E&C Global IPO Lot Size
Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹140,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹140,000 |
| Retail(Maximum) | 1 | 1000 | ₹140,000 |
| HNI (Minimum) | 2 | 2000 | ₹280,000 |
Sathlokhar Synergys E&C Global IPO Promoter Holding
| Pre Issue Share Holding | 86.49% |
| Post Issue Share Holding |
Sathlokhar Synergys E&C Global IPO Review
Sathlokhar Synergys E & C Global Ltd. (SSEGL) is an integrated engineering, procurement, and construction (EPC) company specializing in turnkey solutions for diverse infrastructure projects, including industrial, commercial, institutional, and pharmaceutical sectors. With significant operations in various Indian states, the company also handles government EPC projects and is a certified partner for TATA Power Solar Systems Ltd., offering solar project services. SSEGL's in-house capabilities span detailed designing, planning, procurement, engineering, project execution, and overall project management, emphasizing quality, environmental management, and occupational health and safety standards.
SSEGL has shown remarkable financial growth since shifting its focus to EPC contracts in FY23. For the last three fiscal years, the company reported significant increases in total income and net profit, with FY24 figures reaching ₹247.32 crore and ₹26.21 crore, respectively. This strategic focus resulted in improved profitability and substantial orders worth ₹450 crore currently on hand. The company's PAT and RoCE margins have shown significant improvement over the years, reflecting the positive impact of its strategic shift and robust order pipeline.
SSEGL's upcoming IPO aims to raise ₹92.93 crore, offering 6,638,000 equity shares priced between ₹133 and ₹140 each. The funds will primarily support working capital and general corporate purposes, enhancing the company's market capitalization to ₹337.93 crore post-IPO. Despite the issue being fully priced based on FY24 earnings, SSEGL's strong growth trajectory, substantial order backlog, and strategic expansion plans make it an attractive long-term investment. Investors may consider parking funds to capitalize on the company's continued growth and market positioning in the competitive EPC sector.
Sathlokhar Synergys E&C Global IPO Subscription Status (Bidding Details)
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Sathlokhar Synergys E&C Global IPO FAQs
What is Sathlokhar Synergys E&C Global IPO?
Sathlokhar Synergys E&C Global is issuing 6,638,000 equity shares with a face value of ₹10 each, totaling up to ₹92.93 Cr. The shares are being offered at a price of ₹133 to ₹140 each, with a minimum order quantity of 1000 shares.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Sathlokhar Synergys E&C Global IPO will open?
Sathlokhar Synergys E&C Global will open on July 30, 2024 for QIB, NII, and Retail Investors.
When Sathlokhar Synergys E&C Global IPO will end?
Sathlokhar Synergys E&C Global will end on August 01, 2024.
What is Sathlokhar Synergys E&C Global IPO Size?
Sathlokhar Synergys E&C Global IPO size is ₹92.93 Cr.
What is Sathlokhar Synergys E&C Global IPO Price Band?
Sathlokhar Synergys E&C Global price band is ₹133 to ₹140 per share.
What is the Sathlokhar Synergys E&C Global IPO Allotment Date?
Sathlokhar Synergys E&C Global allotment date is August 02, 2024.
What is the Sathlokhar Synergys E&C Global IPO Listing Date?
Sathlokhar Synergys E&C Global listing date is August 06, 2024. The IPO is to be listed on BSE and NSE.
How to Sathlokhar Synergys E&C Global IPO through Zerodha?
To apply for the IPO “Sathlokhar Synergys E&C Global” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Sathlokhar Synergys E&C Global IPO through Upstox?
To apply for the IPO “Sathlokhar Synergys E&C Global” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Sathlokhar Synergys E&C Global IPO Allotment Status?
For Sathlokhar Synergys E&C Global IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Sathlokhar Synergys E&C Global IPO GMP?
You can check out here: Sathlokhar Synergys E&C Global IPO GMP