August 6, 2024
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Sathlokhar Synergys IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Sathlokhar Synergys IPO listing Review
The scrip is listed at Rs. 260, 85.71% premium over the issue price. The listing has been marginally above the expectations of the grey market.
Sathlokhar Synergys IPO allotment Link
What is the latest grey market premium of Sathlokhar Synergy IPO?
GMP Rs.100
Subscription status of Sathlokhar Synergys IPO
Sathlokhar Synergys IPO (Closed)Price Rs. 140 Lot 1000 shares, Rs. 59.19 Crore |
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| QIB | NII X | RII X | Total X | Applications |
| 171.55 | 382.11 | 160.47 | 211.13 | 3,39,228 (160.47x) |
| Amount wise bids recd. Rs.12496.78 Crore | ||||
| Note: Impressive trend | ||||
What is the business of Sathlokhar Synergys?
Sathlokhar Synergys E&C Global is a comprehensive engineering, procurement, and construction (EPC) firm specializing in turnkey infrastructure contracting. Its expertise spans diverse sectors including industrial, warehousing, commercial, institutional, pharmaceutical, solar, healthcare, hospitality, and residential projects. With a robust portfolio covering Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal, it brings extensive experience in designing and constructing a wide array of projects.
Its capabilities extend to managing EPC projects for government bodies through competitive tender processes. It offers end-to-end solutions encompassing detailed design, procurement (excluding specialized materials), engineering, project execution, and comprehensive project management. From initial planning to final commissioning, it ensures every aspect of the project meets exacting standards.
In addition to core construction services, it excels in installing Mechanical, Electrical, and Plumbing (MEP) networks, supported by its dedicated team of MEP designers and engineers. As an authorized channel partner for TATA Power Solar Systems Ltd, it delivers seamless installation, sales, commissioning, and maintenance services tailored to solar power projects.
Get more information about the company @ http://www.sathlokhar.com
Sathlokhar Synergys IPO Details |
|
| IPO opens on | 30 July 2024 |
| IPO closes on | 01 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6638000 Shares / Rs 92.93 Crore |
| * Fresh Issue | 6638000 Shares / Rs 92.93 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 600000 Shares |
| Net offer to Public | 6038000 Shares/ Rs.84.53 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.133-140 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 3019000 | 42.27 |
| NII (15%) | 905700 | 12.68 |
| RII (35%) | 2113300 | 29.58 |
| Total Shares | 6038000 | 84.53 |
| Retail portion will be oversubscribed by | 2113 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.140000 |
| Min HNI Application | 2000 Shares | Rs.280000 |
Who are the Promoters of Sathlokhar Synergys IPO?
THE PROMOTERS OF THE COMPANY ARE MR. G THIYAGU AND MS. SANGEETHAA THIYAGU
What are the Objects of Sathlokhar Synergys IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
1. Working Capital
2. General Corporate Purposes
Tentative timetable |
|
| IPO opens on | 30 July 2024 |
| IPO Closes on | 01 August 2024 |
| IPO Allotment on | 02 Auguat 2024 |
| Refund Initiation | 05 August 2024 |
| Credit of Shares | 05 Augut 2024 |
| Listing on | 06 August 2024 |
| Registered Office of the Company Plot No. 5171, 9th Street, Ram Nagar North Extension, Madipakkam, Kanchipuram, Saidapet, Tamil Nadu, India- 600091 |
| Who is the Lead Manager of this IPO? GYR Capital Advisors Private Limited |
| Who is the Registrar to IPO? Purva Sharegistry (India) Private Limited |
Sathlokhar Synergys IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 58.52 | 0.88 | 0.50 | 9.12 |
| 2022-23 | 87.16 | 5.45 | 3.12 | 38.11 |
| 2023-24 | 247.32 | 26.21 | 14.98 | 64.68 |
| Book Value of the Share on 31.03.2024 |
Rs 23.16 | |||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 140 | |||
IPO
|
|
| Price/last EPS of 23-24 | 9.34 |
| Price/BV Ratio | 1.96 |
| Upper price/BV after IPO | – |
How Sathlokhar Synergys IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Sathlokhar Synergys | 10 | 87.16 | 9.34 |
| K2 Infragen | 10 | 74.90 | 9.49 |
| Suraj EState | 5 | 307.89 | 38.88 |
| SRM Contractors | 10 | 300.65 | 2.20 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Sathlokhar Synergys IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Sathlokhar Synergys IPO Review
Sathlokhar Synergys E&C Global is a comprehensive engineering, procurement, and construction (EPC) firm specializing in turnkey infrastructure contracting. Its expertise spans diverse sectors including industrial, warehousing, commercial, institutional, pharmaceutical, solar, healthcare, hospitality, and residential projects. With a robust portfolio covering Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal, it brings extensive experience in designing and constructing a wide array of projects.
Size: The IPO is valued at Rs. 84.53 crore, consisting of 6,038,000 shares. The HNI portion amounts to Rs. 12.68 crore, with the retail portion totaling Rs. 29.58 crore. Given the enthusiastic investor interest and comparing it to other IPO sizes, this IPO is relatively substantial. The retail portion is expected to be fully subscribed with just 2113 applications.
Financial Review: The total income and net profit for the fiscal year 2023-24, immediately preceding the IPO, have seen a significant increase compared to previous years. This notable surge has prompted concerns about whether such high levels of top-line and bottom-line performance can be sustained in the future.
+ from fundamental angle: Not so attractive
+ from grey market angle: May Apply
Quicklinks
Sathlokhar Synergys IPO GMP today allotment, review?
Sathlokhar Synergys IPO GMP grey market premium
Sathlokhar Synergys IPO FAQs
What is Sathlokhar Synergys IPO?
This is a SME IPO of 5795200 equity shares of the face value of Rs. 10 aggregating up to Rs.50.42 Crores. The issue is priced at Rs.82-87 per share. The minimum order quantity is 1600 Shares.
When will Sathlokhar Synergys IPO subscription open?
Sathlokhar Synergys IPO opens on July 26, 2024, and closes on July 30, 2024.
What is the lot size of Sathlokhar Synergys IPO?
Sathlokhar Synergys IPO lot size is 1600 Shares, and the minimum amount required is Rs.139200
How to apply for Sathlokhar Synergys IPO?
You can apply in this 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Sathlokhar Synergys IPO allotment?
The finalization of Basis of Allotment for Sathlokhar Synergys IPO will be done on 31 July, 2024, and the allotted shares will be credited to your demat account by August 01, 2024.
When is Sathlokhar Synergys IPO listing date?
Sathlokhar Synergys IPO listing date is August 02, 2024.
