Sathlokhar Synergys E&C Global IPO Subscription Status

Sathlokhar Synergys E&C Global IPO Subscription - Day-3 Subscription at 211.13 times

Sathlokhar Synergys E&C Global IPO closed on 1 Aug. Shares of Sathlokhar Synergys E&C Global are likely to be listed on 6 August on NSE SME platform. As of 1 Aug 2024, Sathlokhar Synergys E&C Global IPO received bids for 89,26,55,000 shares much more than the 42,28,000 shares available. It means Sathlokhar Synergys E&C Global IPO was oversubscribed 211.13 times by the end of day 3.

Here are the subscription details for Sathlokhar Synergys E&C Global IPO as of Day 3

Sathlokhar Synergys E&C Global IPO subscription was mainly driven by HNI / NII investors on day 3, followed by QIB investors, and then retail investors showed good interest on day 3. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Subscription Status of Sathlokhar Synergys E&C Global IPO for Days 1, 2, and 3

On day 1, Sathlokhar Synergys E&C Global IPO was subscribed 6.73 times. By day 2, the subscription status had risen to 23.45 times and on day 3, it reached 211.13 times.

Here are the subscription details for Sathlokhar Synergys E&C Global IPO by category as of Day 3:
 

For Sathlokhar Synergys E&C Global Anchor Investors and Market Makers, each subscribed 1 time. Qualified Institutional Buyers (QIBs) subscribed 171.55 times on day 3. HNIs / NIIs portion subscribed 382.11 times, while Retail Investors subscribed 160.47 times. Overall, Sathlokhar Synergys E&C Global IPO was subscribed 211.13 times on Day 3.
 

Sathlokhar Synergys E&C Global IPO Subscription - Day-2 Subscription at 23.20 time

Sathlokhar Synergys E&C Global IPO will close on 1 Aug. Shares of Sathlokhar Synergys E&C Global are likely to be listed on 6 August on NSE SME platform. On 31 July 2024, Sathlokhar Synergys E&C Global IPO received bids for 9,80,74,000 shares much more than the 42,28,000 shares available. It means Sathlokhar Synergys E&C Global IPO was oversubscribed 23.20 times by the end of day 2.

Here are the subscription details for Sathlokhar Synergys E&C Global IPO as of Day 2 as of 5.32 pm:

Sathlokhar Synergys E&C Global IPO subscription was mainly driven by retail investors on day 2, followed by HNI / NII investors, then Qualified Institutional Buyers (QIBs) showing less interest on day 2. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Sathlokhar Synergys E&C Global IPO by category as of Day 2:

Data Source: NSE

On day 1, Sathlokhar Synergys E&C Global IPO was subscribed 6.73 times. By day 2, the subscription status had risen to 23.20 times. Qualified Institutional Buyers (QIBs) subscribed 6.79 times on day 2. HNIs / NIIs portion subscribed 13.64 times, while Retail Investors subscribed 36.67 times. Overall, Sathlokhar Synergys E&C Global IPO was subscribed 23.20 times on Day 2.

Sathlokhar Synergys E&C Global IPO - Day-1 Subscription at 6.69 Times

Sathlokhar Synergys E&C Global IPO will close on 1 Aug. Shares of Sathlokhar Synergys E&C Global are likely to be listed on 6 August on the NSE SME platform.

On 30 July 2024, Sathlokhar Synergys E&C Global IPO received bids for 2,82,66,000 shares much more than the 42,28,000 shares available. This means that Sathlokhar Synergys E&C Global IPO was oversubscribed by 6.69 times by the end of day 1.

Here are the subscription details for Sathlokhar Synergys E&C Global IPO as of Day 1:

Sathlokhar Synergys E&C Global IPO subscription was mainly driven by retail investors on first day, followed by QIB investors), then Qualified Institutional Buyers (QIBs) showing less interest on day 1. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor portion or the market making segment of the IPO. 

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Sathlokhar Synergys E&C Global IPO by category as of Day 1:

Data Source: NSE

On day 1, Sathlokhar Synergys E&C Global IPO was subscribed 6.69 times. Qualified Institutional Buyers (QIBs) subscribed 6.64 times on day 1. HNIs / NIIs portion subscribed 3.58 times, while Retail Investors subscribed 8.04 times. Overall, Sathlokhar Synergys E&C Global IPO was subscribed 6.69 times.

About Sathlokhar Synergys E&C Global

Sathlokhar Synergys E&C Global Limited, founded in 2013 and previously known as Lohats Ventures Private Limited, provides engineering, procurement, and construction (EPC) services. They work on a range of projects including industrial buildings, warehouses, solar installations, commercial spaces, hotels, hospitals, resorts, and villas. They also handle mechanical, electrical and plumbing installations. The company bids for government EPC projects and is an authorized dealer for TATA Power Solar Systems Ltd., offering services for solar power installations, including sales, installation, and maintenance. 

Highlights of Sathlokhar Synergys E&C Global IPO

IPO Price Band: ₹133 to ₹140 per share

Minimum Application Lot Size: 1000 shares

Minimum Investment for Retail Investors: ₹140,000

Minimum Investment for High Net-worth Investors (HNI): 2 lots (2000 shares), ₹280,000

Registrar: Purva Sharegistry India Pvt Ltd

Sathlokhar Synergys E&C Global will utilize the net proceeds towards working capital and covering general corporate expenses.