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    Sathlokhar Synergys  IPO GMP

    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

    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
    Key Performance indicators

    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

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    IPO GMP today allotment, review?

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    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.

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