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Sathlokhar Synergys E&C Global Limited IPO

Sathlokhar Synergys E&C Global Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
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Listed Price: ₹ 260.00 (+85.71%)

Sathlokhar Synergys E&C Global Limited's completed its IPO journey with a successful listing on NSE on 06-08-2024. The public offering mobilized 66,38,000 Shares in total capital, comprising 66,38,000 Shares in fresh equity.

The offering was conducted within the price band of ₹133 to ₹140, with minimum application lots of 1000 shares. Investor participation during the 30-07-2024 to 01-08-2024 subscription window determined the final allocation pattern.

The basis of allotment was announced on 02-08-2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.

Sathlokhar Synergys IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Sathlokhar Synergys IPO Key Performance Indicator
Company Financials ( In Lakhs )

Sathlokhar Synergys IPO About Company

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.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Sathlokhar Synergys IPO Strength Factors

  1. Experienced Promoters: The promoters have in-depth industry knowledge and a successful track record of growing businesses.
  2. Diversified Clientele: The company serves a wide range of customers, reducing reliance on any single client and making the business more stable.
  3. Strong Management Team: The management team has a history of delivering results, providing solid leadership and clear strategic direction.

Sathlokhar Synergys IPO Risk Factors

  1. Geographic Concentration: The company mainly operates in Tamil Nadu and Karnataka, making its business sensitive to changes in the local economy and government rules.
  2. Contingent Liabilities: There are possible future financial obligations that, if they arise, could hurt the company's financial position and overall performance.
  3. 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.

Sathlokhar Synergys IPO Lead Manager(s)

  • GYR Capital Advisors Private Limited

Sathlokhar Synergys IPO Promoter(s)

  1. Mr. G Thiyagu
  2. Ms. Sangeethaa Thiyagu

Sathlokhar Synergys IPO Company Details

Sathlokhar Synergys E&C Global Limited
Phone:
address:

Sathlokhar Synergys IPO Registrar

Purva Sharegistry India Private Limited
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Phone:

Sathlokhar Synergys IPO FAQs