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sathlokhar-synergys-ec-global-ltd-ipo

Sathlokhar Synergys E&C Global Ltd IPO

  • Status: Closed
  • ₹ 4,000 / 2,000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    06 Aug 2024

  • Listing Price

    ₹ 260.00

  • Listing Change

    -87.00%

  • Last Traded Price

    ₹ 599.85

IPO Details

  • Open Date

    30 Jul 2024

  • Close Date

    01 Aug 2024

  • IPO Price Range

    ₹ 2000

  • IPO Size

    ₹ 88.29 - 92.93 Cr

  • Listing Exchange

    TBA

  • Listing Date

    06 Aug 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Sathlokhar Synergys E&C Global Ltd IPO Subscription Status

•    The subscription period for Sathlokhar Synergys E&C Global's issue opens on 30 July 2024 and closes on 1 August 2024.

•     Sathlokhar Synergys E&C Global is offering ₹10 face value shares. The price for these shares will be between ₹133 - ₹140.

•    Sathlokhar Synergys E&C Global IPO includes a fresh issue of 66.38 lakh new shares at ₹140 per share, raising ₹92.93 crores, with no Offer for Sale.

•     The company has been promoted by Ms. Sangeethaa Thiyagu, Mr. G Thiyagu and Mr. Dinesh Sankaran Currently Sathlokhar Synergys E&C Global promoters hold 86.49% of the company's shares. After issuing new shares, their ownership percentage (%) will drop.

•    The company will use fresh issue funds for general corporate needs and working capital requirements.

•     GYR Capital Advisors is the lead manager for Sathlokhar Synergys E&C Global IPO. Purva Sharegistry India is the registrar and Giriraj Stock Broking is the market maker.

•    Working Capital

•    General Corporate Purposes

Sathlokhar Synergys E&C Global Limited, established in 2013 and formerly known as Lohats Ventures Private Limited, specializes in engineering, procurement and construction (EPC) services. They work on building and infrastructure projects,  warehousing, including industrial, solar projects, commercial, institutional, hotels, pharmaceutical, hospitals, resorts and villas. They also handle mechanical, electrical and plumbing installations.  They also bid for government EPC projects and are authorized dealers of TATA Power Solar Systems Ltd., offering installation, sales, commissioning, and maintenance services for solar power projects

Strengths

•    Experienced Leadership: The company's promoters have over 20 years of infrastructure experience, supported by a strong management team of qualified professionals.

•    EPC Turnkey Projects: With over 11 years in EPC turnkey projects, the company has successfully completed projects in construction, solar, and MEP works.

•    Strong Order Book: As of April 2024, the company’s order book is valued at ₹669.78 crores, reflecting its ability to secure projects and future revenue potential.

•    Timely Execution: The company has a solid track record of completing projects on or ahead of schedule, due to skilled manpower, efficient equipment and an integrated in house approach.

Risks

•    Regional Concentration: The company relies heavily on Tamil Nadu and Karnataka for revenue, which exposes it to regional economic and regulatory risks.

•    Working Capital Intensity: The company needs substantial funding for its long working capital cycle due to lengthy project implementation and large margin requirements.

•    Litigation Involvement: Ongoing legal issues involving the company and its key personnel could drain resources and impact operations.

•    Client Concentration: Revenue is dependent on a few major clients losing any could harm financial performance.

•    Supplier Dependency: Heavy reliance on a few suppliers means losing one could disrupt operations and affect profitability.

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FAQs

The Sathlokhar Synergys E&C Global IPO opens on July 30, 2024 and closes on August 1, 2024.

Sathlokhar Synergys E&C Global IPO lot size is 1000 Shares, and the minimum amount required is ₹140,000.

You can apply in Sathlokhar Synergys E&C Global IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. 

The finalization of Basis of Allotment for Sathlokhar Synergys E&C Global IPO will be done on Friday, August 2, 2024, and the allotted shares will be credited to your demat account by Monday, August 5, 2024.

The Sathlokhar Synergys E&C Global IPO listing date is on August 6, 2024.