Sathlokhar Synergys IPO subscription starts on Tuesday, July 30 and ends on Thursday, August 1, 2024. Anchor Investor bid will be held on Monday, July 29. The IPO is a book built issue of Rs. 92.93 Crores. The issue is entirely fresh issue of 66.38 lakh equity shares.
Sathlokhar Synergys IPO price band set to Rs. 133 to Rs. 140 per equity shares. The equity shares have a face value of Rs.10 each. The minimum order quantity of the issue is 1,000 equity shares. The minimum amount of investment required for Retail is ₹1,40,000. The minimum bid size for sHNI is 2 lots aggregating to ₹2,80,000.
The allotment for the Sathlokhar Synergys IPO is expected to be finalized on Friday, August 02, 2024. Sathlokhar Synergys IPO will list on NSE SME (small and medium enterprises) as SSEGL* (Symbol) with tempting listing date fixed as Tuesday, August 06, 2024.
The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.
GYR Capital Advisors Private Limited is book running lead manager. HDFC Bank Limited is sponsor bank to the IPO. Purva Share Registry India Private Limited is registrar to the issue.
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Sathlokhar Synergys E&C Global Limited Financial Information –
Sathlokhar Synergys‘s revenue has increased by 183.76% and profit after tax (PAT) rose up by staggering 380.51% in Financial Year 2024, as compared to FY2023.
| Particulars | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Net Worth | 40.53 | 14.31 | 8.86 |
| Revenue | 247.32 | 87.16 | 58.52 |
| Net Profit | 26.21 | 5.45 | 0.87 |
| EBITDA Margin | 14.44% | 9.61% | 3.02% |
| Total Borrowings | 0.07 | 6.12 | 6.77 |
Risk Factors –
- The Company has experienced negative cash flows in the past few years.
- The Company, its Promoters and its Directors are involved in litigation proceedings that may have a material adverse outcome.
Objects of the issue –
The Company proposes to utilize the Net Proceeds of the issue to meet the following objects:-
- Funding the working capital of the company – Upto 73 Crores (estimated)
- General Corporate Purposes
About Sathlokhar Synergys E&C Global Limited – (https://www.sathlokhar.com/)
Established in September 2013, Sathlokhar Synergys is and Engineering, Procurement and Construction EPC (Design and Build) & Infra turnkey contractors in Chennai (India). The Company design and works on Industrial, Warehouse, Commercial, Institutional, Hotels, Pharma Projects, Hospital, Marriage halls, Resorts and Solar Projects.
Sathlokhar stands at the leading company in this industry, using modern-day technology to deliver your architectural visions. Our dedication to excellence is unwavering as we deliver you revolutionary designs and affordable building solutions customized to your wants and requirements.
