Sathlokhar Synergys E&C Global Limited Limited is launching an IPO with a fresh issue of 66,38,000 shares worth INR 92.93 crores. The company aims to meet working capital and general corporate purposes.
Sathlokhar Synergys E&C Global IPO – Important Dates
| Sathlokhar Synergys E&C Global Limited IPO Date | July 30, 2024 to August 1, 2024 |
| Sathlokhar Synergys E&C Global Limited IPO Listing Date | August 6, 2024 |
| Sathlokhar Synergys E&C Global Limited IPO Price | INR 133-140 per share |
| Sathlokhar Synergys E&C Global Limited IPO Lot Size | 1000 shares |
| Sathlokhar Synergys E&C Global Limited IPO Total Issue Size | INR 92.93 crores |
| Sathlokhar Synergys E&C Global Limited IPO Basis of Allotment | August 2, 2024 |
| Sathlokhar Synergys E&C Global Limited IPO Initiation of Refunds | August 5, 2024 |
| Sathlokhar Synergys E&C Global Limited IPO Credit of Shares to Demat | August 5, 2024 |
| Sathlokhar Synergys E&C Global Limited IPO Issue Type | Book Built Issue IPO |
| Sathlokhar Synergys E&C Global Limited IPO Listing At | NSE SME |
Sathlokhar Synergys E&C Global Limited IPO – Company Profile
Sathlokhar Synergys E&C Global Limited is an integrated EPC and infra-turnkey contracting company that provides specialized services for diverse construction projects, MEP installations, and solar power projects. It operates across multiple states in India.
They are ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified and bid independently on projects tendered by government departments and entities funded by the Government of India.
With integrated in-house capabilities, they deliver projects from conceptualization to completion swiftly, focusing on risk mitigation and professionally managing the value chain to attract and retain talent for maximum value creation.
Sathlokhar Synergys E&C Global Ltd IPO Fundamental Analysis
Sathlokhar Synergys E&C Global Limited Technologies’ financial analysis reveals a mixed performance. Revenue has shown substantial growth, equity has consistently increased, profitability and EPS have significantly improved, RoNW has risen, and total assets suggest potential business growth.
1. Revenue Trend: The revenue increased from ₹5,848.68 lakhs in March 2022 to ₹8,710.91 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 24,697.37 lakhs.
2. Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
3. Profitability: The profit after tax (PAT) has significantly increased from ₹87.87 lakhs in March 2022 to ₹2,621.43 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
4. Earnings per Share (EPS): The diluted EPS has risen from ₹0.50 in March 2022 to ₹14.98 by March 2024, reflecting higher earnings per share for investors.
5. Return on Net Worth (RoNW): The RoNW has risen from 9.92% to 64.68%, indicating an increase in the company’s ability to generate returns on shareholder equity.
6. Financial Position: Total assets have increased, suggesting potential business growth.
Sathlokhar Synergys E&C Global IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 5,848.68 | 8,710.91 | 24,697.37 |
| Equity (₹ in lakhs) | 886.10 | 1,431.65 | 4,053.08 |
| Expenses (₹ in lakhs) | 5,733.83 | 7,984.09 | 21,231.82 |
| Profit and Loss After Tax (₹ in lakhs) | 87.87 | 545.55 | 2,621.43 |
| Diluted EPS only (₹) | 0.50 | 3.12 | 14.98 |
| Return on Net Worth (%) | 9.92 | 38.11 | 64.68 |
| NAV per Equity Share (₹) | 5.06 | 8.18 | 23.16 |
| Total Assets (in lakhs) | 4,627.77 | 4,728.28 | 10,482.58 |
| Total Liabilities (in lakhs) | 3,741.67 | 3,350.63 | 6,429.5 |
| Debt Equity Ratio | 0.76 | 0.43 | 0.00 |
Sathlokhar Synergys E&C Global Limited IPO Peer Comparison
Sathlokhar Synergys E&C Global Limited shows moderate revenue and valuation with strong profitability ratios. K2 Infragen Limited exhibits high revenue with competitive profitability. Suraj Estate Developers Limited and SRM Contractors Limited have substantial revenues with varying profitability and valuations.
| Company | Current Market Price (₹) | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Sathlokhar Synergys E&C Global Limited | – | 8,715.66 | 10 | – | 3.12 | 3.12 | 38 | 71.58 |
| K2 Infragen Limited | 145.95 | 7,490.08 | 10 | 9.49 | 18.02 | 15.38 | 81 | 62.04 |
| Suraj Estate Developers Limited | 392.65 | 30,789.00 | 5 | 38.88 | 10.1 | 10.1 | 45 | 225.24 |
| SRM Contractors Limited | 200.1 | 30,065.09 | 10 | 2.20 | 90.82 | 90.82 | 30 | 37.72 |
Sathlokhar Synergys E&C Global Ltd IPO Objective
The main objective of Sathlokhar Synergys E&C Global Limited is to meet working capital.
- Funding the working capital requirements of the company: The company intends to utilize INR 73 crores from the Net Proceeds of the Issue for working capital needs, primarily funded through internal accruals, net worth, and financing from banks and financial institutions.
- General corporate purposes: The company will deploy the balance of funds towards general corporate purposes, including strategic initiatives, partnerships, brand building, marketing, operating expenses, debt repayment, working capital, and strengthening business development and marketing capabilities.
Sathlokhar Synergys E&C Global IPO Risks And Challenges
Sathlokhar Synergys E&C Global Limited’s risk includes exposure to regional instability, competitive bidding challenges, non-reimbursable bid costs, partner issues, and the need for substantial working capital. Additional debt or equity could affect costs, investor interest, and financial stability.
● Due to their focus on Tamil Nadu and Karnataka, they face risks, including regional civil unrest, political instability, and regulation changes. If adverse developments occur, this concentration may impact their financial performance.
● Their ability to secure infrastructure projects depends on meeting technical and financial criteria, competitive bidding, and forming joint ventures. Risks include non-reimbursable bid costs, partner performance issues, contract terminations, and potential legal disputes.
● Infrastructure projects require substantial working capital for guarantees and deposits. Although they manage funding through internal accruals and loans, additional debt or equity could increase costs, affect investor interest, and impact financial stability.
Sathlokhar Synergys E&C Global Ltd IPO – Industry & Market Potential
India’s infrastructure development, driven by initiatives like Gati Shakti and the National Infrastructure Pipeline, is crucial for achieving a US$26 trillion economy and supports economic growth, quality of life, and sectoral competitiveness.
In Budget 2023-24, India’s infrastructure investment increased by 33% to ₹10 lakh crore. The National Infrastructure Pipeline includes 9,142 projects focusing on transportation and logistics, aiming to boost economic growth and efficiency significantly.
The Indian government envisions a $750 billion investment in railways and port infrastructure, supported by global partnerships. With urban infrastructure investments of $840 billion needed over 15 years, the sector is set to grow to $294.12 billion by 2028.
Sathlokhar Synergys E&C Global Limited IPO – Type of Offer
Sathlokhar Synergys E&C Global Limited Limited is launching an IPO with a fresh issue of 66,38,000 shares worth INR 92.93 crores. The company aims to meet working capital and general corporate purposes.
Sathlokhar Synergys E&C Global IPO Offer Size
The offer size of Sathlokhar Synergys E&C Global Limited is INR 92.93 crores, consisting of a fresh issue of 66,38,000 shares. The company seeks funds to meet working capital and general corporate purposes.
Sathlokhar Synergys E&C Global Limited IPO Allotment Structure
Sathlokhar Synergys E&C Global Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 600,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 600,000 shares, are reserved for marker makers.
How to apply for a Sathlokhar Synergys E&C Global Limited IPO?
To apply for the Sathlokhar Synergys E&C Global Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Sathlokhar Synergys E&C Global Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Sathlokhar Synergys E&C Global Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Sathlokhar Synergys E&C Global Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Sathlokhar Synergys E&C Global Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Sathlokhar Synergys E&C Global Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Sathlokhar Synergys E&C Global Limited IPO:
● Registrar’s Website: Visit the website of Purva Sharegistry (India) Private Limited, the registrar of the Sathlokhar Synergys E&C Global Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Sathlokhar Synergys E&C Global Limited Ltd IPO Offer Registrar
The registrar for the Sathlokhar Synergys E&C Global Limited IPO is Purva Sharegistry (India) Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Purva Sharegistry (India) Private Limited
9 Shiv Shakti Industrial Estate,
J.R. Boricha Marg, Near Lodha
Excelus, Lower Parel East,
Mumbai – 400 011,
Maharashtra, India
Tel: 022 4961 4132 / 3522 0056
Email: [email protected]
Website: www.purvashare.com
Sathlokhar Synergys E&C Global Limited Limited IPO – FAQs
1. What is Sathlokhar Synergys E&C Global Limited’s allotment date?
The allotment date of the Sathlokhar Synergys E&C Global Limited IPO is August 2, 2024.
2. What is the price band of the Sathlokhar Synergys E&C Global Limited IPO?
The price band of the issue is INR 133-140 per share.
3. What is the size of the Sathlokhar Synergys E&C Global Limited IPO?
The offer size of Sathlokhar Synergys E&C Global Limited is INR 92.93 crores, consisting of a fresh issue of 66,38,000 shares. The company seeks funds to meet working capital and general corporate purposes.
4. What is the listing date of the Sathlokhar Synergys E&C Global Limited IPO?
The listing date of Sathlokhar Synergys E&C Global Limited’s IPO is August 6, 2024.
