Sathlokhar Synergys E&C Global Ltd IPO Timeline

Sathlokhar Synergys E&C Global Ltd IPO opens on 30-Jul-2024, and closes on 01-Aug-2024. The Sathlokhar Synergys E&C Global Ltd IPO bid date is from 30-Jul-2024 to 01-Aug-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Sathlokhar Synergys E&C Global Ltd IPO Opening Date 30-Jul-2024
Sathlokhar Synergys E&C Global Ltd IPO Closing Date 01-Aug-2024
Basis of Allotment 02-Aug-2024
Initiation of Refunds 02-Aug-2024
Credit of Shares to Demat 05-Aug-2024
Sathlokhar Synergys E&C Global Ltd IPO Listing Date 06-Aug-2024

Sathlokhar Synergys E&C Global Ltd IPO Lot Size

Sathlokhar Synergys E&C Global Ltd IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or 140000).

Application Lots Shares Amount
Minimum 1 1000 ₹140000
Maximum 1 1000 ₹140000

Sathlokhar Synergys E&C Global Ltd IPO Details

Sathlokhar Synergys E&C Global Ltd IPO Date 30-Jul-2024 to 01-Aug-2024
Sathlokhar Synergys E&C Global Ltd IPO Face Value Shares of ₹10 per share
Sathlokhar Synergys E&C Global Ltd IPO Price ₹133 to ₹140 per share
Sathlokhar Synergys E&C Global Ltd IPO Lot Size 1000
Issue Size Shares of ₹10 (aggregating up to ₹92.93 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹92.93 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters G Thiyagu, Sangeethaa Thiyagu.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Working Capital
  • 2 General Corporate Purposes

Company Financials

Sathlokhar Synergys E&C Global Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2024 104.83 247.32 26.21
03-2023 47.82 87.16 5.46
03-2022 46.28 58.52 0.88
Amount in ₹ Crore
  • Experienced Promoters having deep domain knowledge to scale up the business.
  • Diversified Clientele.
  • Management team having established track record.
  • Established track record of successfully completed projects.
  • In-house integrated model.
  • Strong order books.
  • The company's business is majorly concentrated in the state of Tamil Nadu and Karnataka and the company is exposed to risks emanating from economic, regulatory and other changes in the state of Tamil Nadu and Karnataka.
  • The company has certain contingent liabilities, which, if materialized, may affect its financial condition and results of operations.
  • Infrastructure projects are typically awarded to it on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. Its business and the company's financial condition may be adversely affected if new infrastructure projects are not awarded to it or if contracts awarded to the company is prematurely terminated.
  • There have been certain instances in the past regarding certain discrepancies in fillings made to ROC as per Companies Act, 1956/2013
  • Its business is working capital intensive involving relatively long implementation periods. The company requires substantial financing for its business operations. Its indebtedness and the conditions and restrictions imposed on by its financing arrangements could adversely affect the company's ability to conduct its business.
  • The Company, its Promoters, its Directors and its Joint Ventures are involved in litigation proceedings that may have a material adverse outcome.
  • The company own office equipment, plant and machinery, computer and accessories and vehicles, resulting in fixed costs to the Company. Moreover, the Company is subject to operational risks on account of obsolescence, destruction, breakdown of its equipment and vehicles or failures to repair or maintain such equipment and vehicles. Further, if the company does not continually enhance its business with the most recent equipment and technology, its ability to maintain and expand the company markets may be adversely affected.
  • The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect its cash flow requirements, which in turn may adversely affect its ability to operate the company's business and implement its growth plans, thereby affecting the company's financial condition.
  • None of the Directors of the Company have experience of being a director of a public listed company.
  • The company is required to furnish financial and performance bank guarantees and letter of credits as part of its business. The company's inability to arrange such guarantees and/or letters of credit may adversely affect its cash flows and financial condition.
  • Its insurance coverage may not be adequate to protect the company against certain losses and this may have a material adverse effect on its business.
  • Its may be unable to sufficiently obtain, maintain, protect, or enforce the company's intellectual property and other proprietary rights.
  • Its Order Book may not be representative of the company future results and its actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect its results of operations.
  • Its ability to pay dividends in the future will depends upon the company's future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
  • The company derives a significant portion of its revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on its business, financial condition, results of operations, and prospect.
  • The Company is dependent on few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.
  • Its projects are exposed to various implementation and other risks, including risks of time and cost overruns, and uncertainties, which may adversely affect its business, financial condition, results of operations, and prospects.
  • Its actual cost in executing a work order or in constructing a project may vary substantially from the assumptions underlying its bid. The company may be unable to recover all or some of the additional expenses, which may have a material adverse effect on its results of operations, cash flows and financial condition.
  • Any non-compliance or delays in GST Return Filings may expose it to penalties from the regulators.
  • Any non-compliance or delays in EPF Return Filings may expose the company to penalties from the regulators.
  • Its business is subject to seasonal and other fluctuations that may affect the company's cash flows and business operations.
  • The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
  • Increases in the prices of construction materials, fuel, labour and equipment could have an adverse effect on its business, results of operations and financial condition.
  • The company cannot assure that the construction of its projects will be free from any or all defects, which may adversely affect the company's business, financial condition, results of operations and prospects.
  • The company relies on effective and efficient project management. Any adverse change in its project management procedures could affect the company's ability to complete projects on timely basis or at all, which may cause it to incur damages for time overruns pursuant to its contracts.
  • The company is dependent upon the experience and skill of its management team and a number of KMPs and senior management personnel. If the company is unable to attract or retain such qualified personnel, this could adversely affect its business, results of operations and financial condition.
  • The company operates in an extremely competitive industry and failures to successfully compete could result in loss of one or more of its significant customers and may adversely affect the companay's business.
  • The average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.
  • Some of its agreements may have certain irregularities.
  • The company has substantial working capital requirements. Its inability to obtain and / or maintain sufficient cash flow, credit facilities and other sources of funding in a timely manner to meet its requirements of working capital or payment of the company's debts, could adversely affect its operations.
  • The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. The deployment of funds is entirely at the discretion of its management and as per the details mentioned in the section titled "Objects of the Issue". Any revision in the estimates may require it to reschedule its expenditure and may have a bearing on the company expected revenues and earnings.
  • Its Promoters, Directors, related entities and other ventures promoted by the company promoters are engaged in a similar line of business and the company does not have a non-compete agreement or contract with any of these entities, and hence a potential conflict of interest may arise.
  • The company has issued Equity Shares at a price below the proposed issue price during the past 1 years prior to the date of filing the Red Herring Prospectus and the average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.
  • The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.
  • Its agreements with banks and financial institutions for financial arrangements contain restrictive covenants for certain activities and if the company is unable to get their approval, it might restrict its scope of activities and impede the company growth plans.
  • Compliance with, and changes in, environmental, health and safety laws and regulations or stringent enforcement of existing environmental, health and safety laws and regulations may result in increased liabilities and increased capital expenditures may adversely affect its cash flows, business results of operations and financial condition.
  • Its may not be able to collect receivables due from the company clients, in a timely manner, or at all, which may adversely affect its business, financial condition, results of operations and cash flows.
  • Its in-house integrated model may fail which may affect the company's operations, reputation and profitability.
  • The company requires various statutory and regulatory permits and approvals in the ordinary course of its business, and the company's failures to obtain, renew or maintain them in a timely manner may adversely affect its operations the company requires various statutory and regulatory permits and approvals in the ordinary course of our business, and its failures to obtain, renew or maintain them in a timely manner may adversely affect its operations.
  • The company operations are subject to risks of mishaps or accidents that could cause damage or loss to life and property and could also result in loss or slowdown in its business.
  • The company its subject to risks arising from interest rate fluctuations, which could reduce the profitability of its projects and adversely affect its business, financial condition and results of operations.
  • Any failures to maintain quality control systems for its services could have a material adverse effect on the company's business, reputation, results of operations and financial condition.
  • The company does not own site office which are currently in use by the Company located at Mysuru, Karnataka and Varanasi, Uttar Pradesh.
  • Its operations are dependent on a significant number of contract labour and an inability to access adequate contract labour at reasonable costs at its project sites across India may adversely affect the company's business prospects and results of operations.
  • Geographical diversification.
  • Enhance attractiveness through quality execution, cost reduction and continuous training of manpower.
  • Design, Construct Warehouse & Industrial buildings as EPC contractors apart from Solar & MEP projects.
  • Further enhance its project execution capabilities.
  • Develop and maintain strong relationships with its clients.
  • Leverage core competencies with enhanced in-house integration.

Sathlokhar Synergys E&C Global Ltd IPO Promoter Holding

Pre Issue Share Holding 80.63%
Post Issue Share Holding 0%

Sathlokhar Synergys E&C Global Ltd IPO Subscription Status (Bidding Detail)

The Sathlokhar Synergys E&C Global Ltd IPO is subscribed 185 times on Aug 01, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 185

Sathlokhar Synergys E&C Global Ltd IPO Prospectus

Sathlokhar Synergys E&C Global Ltd IPO Listing Date

Listing Date 06 Aug 24
BSE Script 93133
NSE Symbol SSEGL
Listing In NSE - SME
ISIN INE0RFP01011
IPO Price ₹140
Face Value ₹10

Sathlokhar Synergys E&C Global Ltd IPO Registrar

Purva Sharegistry (I) Pvt Ltd

Phone: 022 4961 4132 / 3522 0056
Email: support@purvashare.com
Website: www.purvashare.com

Sathlokhar Synergys E&C Global Ltd IPO Lead Manager(s)

  1. GYR Capital Advisors Pvt Ltd

FAQs on Sathlokhar Synergys E&C Global Ltd IPO

Sathlokhar Synergys E&C Global Ltd IPO, which opens for subscription from 30-Jul-2024 to 01-Aug-2024 has an issue size of ₹92.93 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Sathlokhar Synergys E&C Global Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Sathlokhar Synergys E&C Global Ltd IPO Opens for subscription from 30-Jul-2024 to 01-Aug-2024.

The lot size of Sathlokhar Synergys E&C Global Ltd is 1000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹140000 and ₹140000 respectively.

Allotment date for Sathlokhar Synergys E&C Global Ltd is 02-Aug-2024 and refund of application amount (in case allotment is not received) will begin from 02-Aug-2024. If your allotment goes through, then shares will be credited in your Demat account by 05-Aug-2024.

The registrar for Sathlokhar Synergys E&C Global Ltd IPO is Purva Sharegistry (I) Pvt Ltd. You can check your IPO allotment status on the registrar's website.

The shares of Sathlokhar Synergys E&C Global Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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