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Introduction to Sathlokar IPO
The Sathlokhar Synergys E&C Global IPO is a book-building issue offering worth Rs 92.93 crores. It consists entirely of a fresh issue of 66.38 lakh shares.
The IPO subscription will start on July 30, 2024, and end on August 1, 2024. The IPO allotment is expected to be finalised on Friday, August 2, 2024, and it is anticipated to be listed on NSE SME on Tuesday, August 6, 2024.
The price range for the Sathlokhar Synergys E&C Global IPO is Rs 133 to Rs 140 per share, and the smallest lot size for an application is 1000 shares. Retail investors need to invest a minimum of Rs 140,000. For HNIs, the minimum investment is 2 lots (2,000 shares), totaling Rs 280,000.
GYR Capital Advisors Private Limited is the company managing the IPO, and Purva Sharegistry India Pvt Ltd is the registrar for the issue. Giriraj Stock Broking has been designated as the market maker for the IPO.
For detailed information, refer to the Sathlokhar Synergys E&C Global IPO Red herring prospectus (RHP).
About Sathlokar Synergys Pvt Ltd
Sathlokar Synergys is a company established in 2013 in Chennai. It specialises in building construction, infrastructure projects, and solar projects.
They are also known for offering project management consultancy services. The company is authorised as an “A Grade” (EA 3018) Electrical (HT<) Engineer & MEP Turnkey Contractor, and they are committed to providing top-quality infrastructure and project management services.
Sathlokar aims to use the latest global trends in its work to meet the needs of its clients. It is dedicated to each project and strives to deliver the best service to its clients.
Additionally, the company is involved in community development and operates in multiple states, with plans for further expansion.
Sathlokar Synergys IPO Details
| IPO Date | July 30, 2024 to August 1, 2024 |
| Face Value | Rs 10 per share |
| Price Band | Rs 133 to Rs 140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,638,000 shares (aggregating up to Rs 92.93 Cr) |
| Fresh Issue | 6,638,000 shares (aggregating up to Rs 92.93 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 1,74,99,992 |
| Shareholding post issue | 2,41,37,992 |
| Market Maker portion | 600,000 shares (Giriraj Stock Broking) |
Tentative schedule for the Sathlokar Synergys Pvt Ltd IPO dates
| IPO Open Date | Tuesday, July 30, 2024 |
| IPO Close Date | Thursday, August 1, 2024 |
| Basis of Allotment | Friday, August 2, 2024 |
| Initiation of Refunds | Monday, August 5, 2024 |
| The Credit of Shares to Demat | Monday, August 5, 2024 |
| Listing Date | Tuesday, August 6, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 1, 2024 |
Shares Offered to Investors
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Sathlokar Synergys IPO Lot size, shares and amount for different investor categories
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | Rs 140000 |
| Retail (Max) | 1 | 1000 | Rs 140000 |
| HNI (Min) | 2 | 2,000 | Rs 280000 |
Anchor details
| Bid Date | July 29, 2024 |
| Shares Offered | 18,10,000 |
| Anchor Portion Size (In Cr.) | 25.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 31, 2024 |
Sathlokar IPO Promoters
The company’s promoters are Mr. Dinesh Sankaran, Mr. G Thiyagu, and Ms. Sangeeta Thiyagu.
Sathlokhar Synergys IPO GMP Details
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
| 25-07-2024 | 140 | Rs 90 | 68400 | Rs 230 (64.29%) | 25-07-2024, at 11:28:00 am |
Sathlokhar Synergys E&C Global SME IPO Grey Market Premium (GMP) at 11:28 am, on July 25th, 2024 was Rs 90. The IPO Price Band is Rs 140. The estimated listing price is Rs 230 (cap price + today’s GMP). The Sub2Sauda Rate is Rs 68,400.
Financials of Sathlokhar Synergys Private Limited
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 10,482.58 | 4,782.28 | 4,627.77 |
| Revenue | 24,732.09 | 8,715.66 | 5,851.51 |
| Profit After Tax | 2,621.43 | 545.55 | 87.87 |
| Net Worth | 4,053.08 | 1,431.65 | 886.1 |
| Reserves and Surplus | 3,853.09 | 1,231.66 | 686.11 |
| Total Borrowing | 7.92 | 612.19 | 677.14 |
Key Performance Indicators (KPI) of Sathlokhar Synergys Private Limited and their values
| KPI | Values |
| Return on capital employed (ROCE) | 87.33% |
| Return on net worth (RoNW) | 64.68% |
| Price/Book value (P/BV) | 1.96 |
| Profit after tax (PAT) Margin (%) | 10.61 |
Frequently Asked Questions (FAQs)
What is the IPO size of the company Sathlokar Synergy?
Sathlokar Synergy has an IPO size of Rs 92.23 crores.
In which sector does the company Sathlokar Synergy deal?
The company deals in Civil construction.
What are the objectives behind Sathlokhar Synergys E&C Global SME IPO?
Sathlokhar Synergys E&C Global SME intends to use the IPO proceeds for working capital and general corporate purposes.
List some peers or competitors of Sathlokhar Synergys E&C Global SME IPO.
K2 Infragen Limited, Suraj Estate Developers Limited, Srm Contractors Limited, etc.
Is the offline Application for the IPO available for Sathlokhar Synergys?
Yes, physical forms are available for offline applications and must be filled out using the UPI mode of payment.
How can you complete the Sathlokhar Synergys E&C Global SME IPO online Application?
You can do it via your trading or demat account. Secondly, the IPO can also be applied via Application Supported by Blocked Amount (ASBA).
What is ASBA?
When applying for follow-on public offerings (FPOs) or initial public offerings (IPOs), a process called Application Supported by Blocked Amount (ASBA) is used. It is an application to block or reserve the IPO or FPO application money in your bank account.
