Sathlokhar Synergys E&C Global Limited (NSE SME)
Jul 30, 2024 - Aug 1, 2024
| Price | ₹133 - ₹140 |
| Premium | ₹95 |
|---|---|
| Lot size | 1000 |
| Allotment | Aug 2, 2024 |
| Listing | Aug 6, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 140000 | 2114 |
| HNI | 2 | 2000 | 280000 | 906 |
Last updated on 01-Aug-2024 17:01:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1208000 | 207238000 | 171.55 |
| NIB | 906000 | 346789000 | 382.77 |
| RETAIL | 2114000 | 339228000 | 160.47 |
| Total | 4228000 | 893255000 | 211.27 |
| Retail Apps | 339228 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹71.94 | @8% ₹82.22 | @9% ₹92.49 | @10% ₹102.77 | @11% ₹113.05 | @12% ₹123.33 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 31.85% | 2114000 |
| NII (HNI) | 13.65% | 906000 |
| Anchor | 27.27% | 1810000 |
| QIB | 18.20% | 1208000 |
| Market Maker | 9.04% | 600000 |
| Total | 100.00% | 6638000 |
| Issue Size | 6,638,000 shares (aggregating up to ₹92.93 Cr) |
| Fresh Issue | 6,638,000 shares (aggregating up to ₹92.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,499,992 |
| Share holding post issue | 24,137,992 |
| Market Maker portion | 600,000 shares |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROCE | 95.59% | 47.08% | 10.28% |
| RONW | 64.68% | 38.11% | 9.92% |
| D/E | - | 0.43 | 0.76 |
| EPS (basic) | 14.98 | 3.12 | 0.5 |
| P/E Pre IPO | 9.35 | ||
| P/E Post IPO | 12.89 |
Company Financials
Sathlokhar Synergys E&C Global Limited Financial Information (Restated)
Sathlokhar Synergys E&C Global Limited's revenue increased by 183.77% and profit after tax (PAT) rose by 380.51% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| Assets | 10,482.58 | 4,782.28 | 4,627.77 |
| Revenue | 24,732.09 | 8,715.66 | 5,851.51 |
| Profit | 2,621.43 | 545.55 | 87.87 |
| Net Worth | 4,053.08 | 1,431.65 | 886.10 |
| Reserves | 3,853.09 | 1,231.66 | 686.11 |
| Borrowing | 7.92 | 612.19 | 677.14 |
| Amount in ₹ Lakhs | |||
About Company
Founded in 2013, Sathlokhar Synergys E&C Global Limited, formerly known as Lohats Ventures Private Limited, is a specialized engineering, procurement, and construction (EPC) service provider for buildings and infrastructure facilities. The company offers comprehensive construction services across industrial, warehousing, commercial, institutional, and pharmaceutical sectors, as well as solar projects, hospitals, hotels, resorts, and villas. Additionally, Sathlokhar Synergys installs mechanical, electrical, and plumbing networks in various construction projects. With completed projects in Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal, the company also competes for EPC projects for government agencies through competitive bidding. As an authorized dealer of TATA Power Solar Systems Ltd., Sathlokhar Synergys provides installation, sales, commissioning, and maintenance services for solar power products. The company employs 118 professionals across departments such as accounting and finance, human resources and administration, engineering and operations, procurement and material management, and safety and security.
GYR Capital Advisors Private Limited
Experienced Promoters: The promoters possess deep domain knowledge and a proven ability to scale up the business.
Diversified Clientele: A broad and varied customer base reduces dependency on any single client, enhancing stability.
Established Management Team: The management team has a strong, proven track record, ensuring effective leadership and strategic direction.
Geographic Concentration: Heavy reliance on Tamil Nadu and Karnataka exposes the company to regional economic and regulatory changes that could impact business stability.
Contingent Liabilities: Potential financial obligations, if realized, may negatively affect the company's financial health and operational results.
Competitive Bidding and Contract Risks: Dependence on winning new infrastructure projects through competitive bidding and the risk of premature contract terminations could adversely affect business and financial performance.
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query