- POSITIVE
Annual Revenue Sathlokhar Synergys Mar-2026 Annual Revenue is Rs 824 Cr which is growth of 105.0% YoY.
- POSITIVE
Annual Net Profit Sathlokhar Synergys Mar-2026 Annual Net Profit is Rs 82 Cr which is growth of 92.5% YoY.

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 Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹133,000 | 1 | 1 | 1000 | 6.6 M | ₹133 - ₹140 | 62.71 % | ₹882.9 M - ₹929.3 M | RHP DOC |
Sathlokhar Synergys IPO SUBSCRIPTION STATUS
01 Aug '24Sathlokhar 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
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
01 Aug 2024 (Day 3) | 200.75x | 478.86x | 85.85x |
31 Jul 2024 (Day 2) | 45.46x | 17.84x | 3.4x |
30 Jul 2024 (Day 1) | 9.86x | 4.46x | 3.32x |
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
Sathlokhar Synergys IPO IMPORTANT DATES
| Issue Open Date | 30 Jul 2024 |
| Issue close Date | 01 Aug 2024 |
| Allotment Date | 02 Aug 2024 |
| Refund Date | 02 Aug 2024 |
| Demat Account Credit Date | 05 Aug 2024 |
| Listing Date | 06 Aug 2024 |
| Listing on Exchange(s) | NSE |
| Sathlokhar Synergys Allotment Status | Exchange |
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 Price | 260.0 |
| Listing Close Price | 247.0 |
| Listing Gain% | 85.7% |
| Current Gain% | 162.4% |
Sathlokhar Synergys Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sathlokhar Synergys E&C Global Ltd. | 367.4 | 886.8 | 11.6 | 0.1 | 1 | 22.9 | 12.2 | 823.6 | 105 | 82.3 | 92.5 | 31.7 | 85.3 |
| Larsen & Toubro Ltd. | 4143.8 | 583017 | 32.6 | 3.6 | 1.9 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 127 | 8.9 |
| GMR Airports Ltd. | 99 | 104533.9 | 208.9 | 0.6 | 6.5 | -5.9 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.5 | 327.9 |
| Rail Vikas Nigam Ltd. | 199.5 | 41587.8 | 45.3 | -2.4 | 2 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.4 | -19.1 |
| Cemindia Projects Ltd. | 1314.8 | 24247.9 | 38.8 | 1 | 2.3 | 24.9 | 8.4 | 10237.5 | 11.9 | 597.7 | 60.3 | 33.9 | 40.2 |
| Kalpataru Projects International Ltd. | 1349.5 | 23045.7 | 19.4 | 0.4 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 69.4 | 44.4 |
Sathlokhar Synergys annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | TTM | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|
111.4% | 90.9% | 972.7 | 823.6 | 401.8 | 247.3 | 87.2 | 58.5 | 32.5 | 65.1 | ||
Operating Exp. Ann. | 107.7% | 86.5% | 823.8 | 705.7 | 341.9 | 211.4 | 78.8 | 56.7 | 31.3 | 61.5 | |
Operating Profit Ann. | 139.9% | 148.9% | 144.4 | 114.6 | 57.5 | 35.6 | 8.3 | 1.8 | 1.2 | 3.6 | |
OPM Ann. % | 13.5% | 30.7% | 13.92% | 14.30% | 14.39% | 9.53% | 3.04% | 3.65% | 5.46% | ||
107.4% | 86.4% | 712.9 | 344.5 | 212.3 | 79.9 | 57.2 | 31.7 | 61.9 | |||
EBITDA Ann. | 141.2% | 150.3% | 117.9 | 59.9 | 35.9 | 8.4 | 1.8 | 1.2 | 3.6 | ||
EBITDA Ann. margin % | 14.3% | 30.7% | 14.31% | 14.92% | 14.53% | 9.59% | 3.09% | 3.75% | 5.53% | ||
Interest Ann. | 84.7% | 73.6% | 13 | 6.3 | 2 | 0.7 | 1 | 0.5 | 0.4 | 0.3 | |
Depr. | 115.4% | 58.5% | 1.4 | 1 | 0.6 | 0.3 | 0.1 | 0.1 | 0.1 | 0 | |
PBT Ann. | 147.3% | 167.9% | 134.4 | 110.4 | 57.3 | 35 | 7.3 | 1.3 | 0.8 | 3.2 | |
Tax Ann. | 145.5% | 168.9% | 33.8 | 28.1 | 14.6 | 8.8 | 1.9 | 0.3 | 0.2 | 1 | |
147.9% | 167.6% | 82.3 | 42.8 | 26.2 | 5.4 | 1 | 0.6 | 2.3 | |||
Net Profit Ann. | 147.9% | 167.6% | 100.6 | 82.3 | 42.8 | 26.2 | 5.4 | 1 | 0.6 | 2.3 | |
NPM Ann. % | 17.5% | 42.1% | 10.03% | 10.70% | 10.61% | 6.19% | 1.70% | 1.73% | 3.52% | ||
EPS Adj. latest Ann. | 147.1% | 175.4% | 31.7 | 16.5 | 10.1 | 2.1 | 0.4 | 0.2 | 0.9 |
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
- Working capital
- 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
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
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
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
Litigation proceedings
The company, its promoters, and its directors are involved in litigation proceedings that may have a material adverse outcome on the business
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
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.
