Sathlokhar Synergys E&C Global Limited
Bookbuilding IPO · NSE
- Price band
- ₹133 - ₹140
- Lot size
- 1,000 shares
- Issue amount
- ₹92.93 cr
- Total subscription
- 211.27×
- Opens
- 30 Jul 2024
- Closes
- 1 Aug 2024
- Allotment
- 2 Aug 2024
- Listing
- 6 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 66,38,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,33,000
- Fresh issue
- ₹92.93 cr
- Offer for sale
- ₹0 cr
- Registrar
- Purva Sharegistry India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,40,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,74,99,992
- Shares after issue
- 2,41,37,992
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,40,000 |
| HNI | 2 | 2,000 | ₹2,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 16.91 | 2,901.33 |
| RETAIL | 29.6 | 4,749.19 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 14.98 | 3.12 | 0.5 |
| ROE | 0 | 0 | 0 |
| ROCE | 95.59 | 47.08 | 10.28 |
| RONW | 64.68 | 38.11 | 9.92 |
| PRE IPO(PE) | 9.35 | 0 | 0 |
| POST IPO(PE) | 12.89 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2013, Sathlokhar Synergys E&C Global Limited—formerly Lohats Ventures Private Limited—is an EPC service provider specializing in the construction of buildings and infrastructure facilities. The company delivers end-to-end solutions across industrial, warehousing, commercial, institutional, and pharmaceutical projects, as well as solar plants, hospitals, hotels, resorts, and villas. It also undertakes mechanical, electrical, and plumbing installations for diverse construction needs. With completed projects in Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal, the company actively participates in government EPC tenders through competitive bidding. As an authorized dealer of TATA Power Solar Systems Ltd., Sathlokhar Synergys offers installation, sales, commissioning, and maintenance of solar power products. Supported by a team of 118 professionals across finance, HR, engineering, operations, procurement, materials management, and safety, the company continues to strengthen its presence in India’s construction and solar infrastructure sector.
Strengths
- Experienced Promoters: The promoters have in-depth industry knowledge and a successful track record of growing businesses.
- Diversified Clientele: The company serves a wide range of customers, reducing reliance on any single client and making the business more stable.
- Strong Management Team: The management team has a history of delivering results, providing solid leadership and clear strategic direction.
Risk factors
- Geographic Concentration: The company mainly operates in Tamil Nadu and Karnataka, making its business sensitive to changes in the local economy and government rules.
- Contingent Liabilities: There are possible future financial obligations that, if they arise, could hurt the company's financial position and overall performance.
- Competitive Bidding and Contract Risks: The company relies on winning new infrastructure projects through bidding, and losing bids or early contract cancellations could impact its business and earnings.
Promoters
Mr. G Thiyagu
Ms. Sangeethaa Thiyagu
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Purva Sharegistry India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 5171, 9th Street, Ram Nagar North Extension, Madipakkam, Kanchipuram, Saidapet - 600091
+91 7299541122
[email protected]Company website ↗Understanding SSEGL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.