Sathlokhar Synergys E&C Global Ltd. logo

Sathlokhar Synergys E&C Global was incorporated on September 13, 2013. It is an integrated engineering, procurement, and construction (design and build) & infra turnkey contracting company providing specialized services for the construction of buildings and infrastructure facilities for industrial, warehousing, commercial, institutional, pharmaceutical projects, solar projects, hospitals, hotels, resorts & villas, etc.

Bidding Dates
30 Jul 2024 - 01 Aug 2024
Subscription
185.02x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹133,0001110006.6 M₹133 - ₹14062.71 %₹882.9 M - ₹929.3 MRHP DOC

Sathlokhar Synergys IPO SUBSCRIPTION STATUS

01 Aug '24
Total185.02x
Retail Individual Investor200.75x
HNI (NII) Investors478.86x
Qualified Institutional Buyers85.85x

Sathlokhar Synergys IPO overall subscription rate was 185.02 times the total available shares

Sathlokhar Synergys IPO retail subscription rate was 200.75 times in the retail segment

Sathlokhar Synergys IPO non-institutional investor subscription rate was 478.86 times in the non-institutional investor category

Sathlokhar Synergys IPO Qualified Institutional Bidder subscription rate was 85.85 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
01 Aug 2024
(Day 3)
200.75x478.86x85.85x
31 Jul 2024
(Day 2)
45.46x17.84x3.4x
30 Jul 2024
(Day 1)
9.86x4.46x3.32x

Sathlokhar Synergys FINANCIALS

Period Net Profit (Rs in millions) Interest Income (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions) Margins
FY24 262.1 2,469.7 121.7 85.3 14.4%
FY23 54.6 871.1 30.0 26.2 9.6%
FY22 8.8 584.9 -12.1 -12.5 3.0%

Sathlokhar Synergys IPO SUBSCRIPTION STATUS DETAILS

Sathlokhar Synergys had 6.6 M shares on offer

Sathlokhar Synergys IPO offer price was in the range ₹133 - ₹140

Sathlokhar Synergys IPO minimum Investment was ₹133000

Sathlokhar Synergys IPO issue size was ₹ 882.9 M - ₹ 929.3 M

Sathlokhar Synergys had a minimum lot size of 1000 Shares per application

Sathlokhar Synergys NUMBER OF SHARES ON OFFER

Total6.6 M
Fresh Issue6.6 M
Offer for Sale0
Post Issue Promoter Holding %62.71 %

Sathlokhar Synergys IPO IMPORTANT DATES

Issue Open Date30 Jul 2024
Issue close Date01 Aug 2024
Allotment Date02 Aug 2024
Refund Date02 Aug 2024
Demat Account Credit Date05 Aug 2024
Listing Date06 Aug 2024
Listing on Exchange(s)NSE
Sathlokhar Synergys Allotment StatusExchange

Sathlokhar Synergys IPO subscription opened on 30 Jul 2024, and closed on 01 Aug 2024

IPO allotment for Sathlokhar Synergys was finalized on Friday, 02 Aug 2024

IPO listing for Sathlokhar Synergys was on NSE on Tuesday, 06 Aug 2024

Sathlokhar Synergys IPO LISTING GAINS

Issue Price (adjusted)140.0
Listing Open Price260.0
Listing Close Price247.0
Listing Gain%85.7%
Current Gain%162.4%

Sathlokhar Synergys Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Sathlokhar Synergys E&C Global Ltd.367.4886.811.60.1122.912.2823.610582.392.531.785.3
Larsen & Toubro Ltd.4143.858301732.63.61.914.73.629163512.21608471278.9
GMR Airports Ltd.99104533.9208.90.66.5-5.90.315200.840.3175.5144.70.5327.9
Rail Vikas Nigam Ltd.199.541587.845.3-2.428.9421187.41.3874.7-31.74.4-19.1
Cemindia Projects Ltd.1314.824247.938.812.324.98.410237.511.9597.760.333.940.2
Kalpataru Projects International Ltd.1349.523045.719.40.40.813.43.827247.921.8104077.669.444.4

Sathlokhar Synergys INFORMATION ON IPO ISSUE

About Sathlokhar Synergys

Sathlokhar Synergys E&C Global was incorporated on September 13, 2013. It is an integrated engineering, procurement, and construction (design and build) & infra turnkey contracting company providing specialized services for the construction of buildings and infrastructure facilities for industrial, warehousing, commercial, institutional, pharmaceutical projects, solar projects, hospitals, hotels, resorts & villas, etc.

Object of the Issue

  1. Working capital
  2. General corporate purposes

Sathlokhar Synergys - PROMOTERS

Name
Sangeethaa Thiyagu
G Thiyagu
Dinesh Sankaran

Sathlokhar Synergys Lead Manager of the Issue

GYR Capital Advisors Private Limited

info@gyrcapitaladvisors.com

Sathlokhar Synergys Registrar to the issue

Purva Share Registry India Private Limited

support@purvashare.com

Sathlokhar Synergys Strengths

Focused turnkey construction player

The company has over 11+ years of experience in executing EPC turnkey projects including the construction of civil buildings, PEB steel buildings, water treatment systems, piping and racking works, roads, solar projects, and interior works & finishes, among others

Strength

Strong order book

The company's order book comprises projects across the states of Tamil Nadu, Karnataka, and Uttar Pradesh, now in Jammu aggregating to Rs. 669.8 crore approx

Strength

In house integrated model

The company has developed competencies and resources in-house to deliver a project from conceptualization until completion. Its model includes design and engineering teams for civil, PEB, MEP works, interior works, and solar projects

Strength

Sathlokhar Synergys Risks

Geographically concentrated

The company is majorly concentrated in the states of Tamil Nadu and Karnataka and is exposed to risks emanating from economic, regulatory, and other changes in these states

Risk

Litigation proceedings

The company, its promoters, and its directors are involved in litigation proceedings that may have a material adverse outcome on the business

Risk

Negative cash flows

The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect the cash flow requirements, which in turn may adversely affect the ability to operate the business

Risk

IPO FAQs

  • The promoters of the company are Sangeethaa Thiyagu, G Thiyagu and Dinesh Sankaran.
  • The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
  • The price band of the IPO is Rs 133.0 - 140.0.
  • The IPO application opens on Jul 30, 2024 and closes on Aug 01, 2024.
  • The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
  • For all category investors, the minimum application amount for this IPO is Rs. 133,000.0, the maximum value for this IPO is Rs 140,000.0.
  • This IPO will be allotted on Aug 02, 2024.
  • The refund will be credited to your account on Aug 02, 2024.
  • The allotted shares will be credited to your demat on Aug 05, 2024.
  • Sathlokhar Synergys E&C Global Ltd.’s shares listed on the stock exchanges on Aug 06, 2024.