IPO Details
Bidding Dates
30 Jul '24 - 01 Aug '24
Minimum Investment
₹140,000 / 1 Lot (1,000 Shares )
Price Range
₹133 - ₹140
Maximum Investment
₹140,000 / 1 Lot (1,000 Shares )
Retail Discount
To be announced
Issue Size
₹92.93 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Jul 30, 2024
IPO Close Date
Aug 1, 2024
Basis of Allotment
Aug 2, 2024
Initiation of Refunds
Aug 5, 2024
Credit of Shares to Demat
Aug 5, 2024
Listing Date
Aug 6, 2024
Cut-off time for UPI mandate confirmation
Aug 1, 2024
About Sathlokhar Synergys E&C Global Limited
Founded in 2013, Sathlokhar Synergys E&C Global Limited, previously known as Lohats Ventures Private Limited, specialises in engineering, procurement, and construction (EPC) services for buildings and infrastructure projects. The company offers comprehensive construction services across various sectors, including industrial, warehousing, commercial, institutional, and pharmaceutical projects.
Additionally, they cater to solar projects, hospitals, hotels, resorts, and villas. Their expertise extends to the installation of mechanical, electrical, and plumbing (MEP) networks in construction projects.
Sathlokhar Synergys has successfully completed projects in four Indian states: Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal. They actively participate in competitive bidding processes to secure EPC projects for government agencies. As an authorised dealer of TATA Power Solar Systems Ltd., the company provides installation, sales, commissioning, and maintenance services for solar power products.
The company employs 118 professionals across various departments, including accounting and finance, human resources and administration, engineering and operations, procurement and material management, and safety and security. With a strong commitment to quality and efficiency, Sathlokhar Synergys E&C Global Limited continues to deliver exceptional construction solutions, contributing significantly to infrastructure development in India.
Industry Outlook:
- Budget 2023-24 boosts infrastructure with a 33% increase, allocating ₹10 lakh crore (US$ 122 billion), 3.3% of GDP, emphasising railways and transportation.
- India's logistics market is projected to grow at a CAGR of 8.36%, reaching US$ 50.52 billion by 2028, aiming to lower logistics costs to 8% of GDP.
Sathlokhar Synergys E&C Global IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- For working capital requirements.
- For general corporate purposes.
Peer Details
The companies considered by Sathlokhar Synergys E&C Global as its peers include:
- K2 Infragen Limited
- Suraj Estate Developers Limited
- SRM Contractors Limited
How to Check the Allotment Status of the Sathlokhar Synergys E&C Global IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of Sathlokhar Synergys E&C Global
- Registered office: Plot No. 5171, 9th Street, Ram Nagar North Extension, Madipakkam, Kanchipuram, Saidapet, Tamil Nadu, India- 600091
- Phone: +91 7299541122
- E-mail: investors@sathlokhar.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue From Operations (in ₹ lakh) | 24,697.37 | 8,710.91 | 5,848.68 |
| Profit After Tax (PAT) (in ₹ lakh) | 2,621.43 | 545.55 | 87.87 |
| Cash & Cash Equivalents (in ₹ lakh) | 113.03 | 256.76 | 896.81 |
| Net Worth (in ₹ lakh) | 4,053.08 | 1,431.65 | 886.10 |
| Debt to Equity Ratio(x) | 0.00 | 0.43 | 0.76 |
| Return on Equity (%) | 95.59% | 47.08% | 10.28% |
| Return on Capital Employed (RoCE) (%) | 87.33% | 40.56% | 10.87% |
| Earning Per Share (EPS)-in absolute ₹ | 14.98 | 3.12 | 0.50 |
Know before investing
Strengths
6-
Experienced promoters with 20+ years in the infrastructure industry.
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Proven track record with 64 successful projects since 2013.
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Strong order book worth ₹66,978.53 Lakhs in 2024.
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Over 11 years of fast track EPC turnkey experience.
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Established reputation for timely project execution since 2013.
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In-house integrated model with design and engineering teams.
Risks
6-
High revenue concentration in Tamil Nadu and Karnataka (87% combined).
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Contingent liabilities of ₹2.93 lakhs may impact financial condition.
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Competitive bidding limits assurance of future project awards.
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Historical discrepancies in filings with ROC affect financial transparency.
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Working capital intensive projects require significant financing arrangements.
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Directors lack experience managing public listed company compliance.
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Sathlokhar Synergys IPO FAQs
Sathlokhar Synergys E&C Global Limited IPO is a book built IPO. The IPO will be open from July 30, 2024, to August 1, 2024.
The Basis of Allotment will happen on Friday, August 2, 2024.
The IPO subscription window will open on July 30, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,000 shares.
The listing date for Sathlokhar Synergys E&C Global is Tuesday, August 6, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
