Sathlokhar Synergys E&C Global Limited provides specialized engineering, procurement and construction (EPC) services for the construction of buildings and infrastructure facilities. Sathlokhar Synergys E&C Global IPO isset to raise Rs 92.93 crores. The issue is entirely a fresh issue of 66.38 lakh shares.
IPO opens
July 30 2024
IPO Closes
Aug 1, 2024
IPO Size (Rs.)
₹92.93 Cr
Breakup
Fresh issue only
Face Value:
₹ 10
IPO Price in Rs :
₹133 to ₹140 per share
Minimum Lot
1000 Shares
Listing At
NSE SME
QIB
~50 %
NII Quota
~15%
Retail Quota
~35%
Lead Manager
GYR Capital Advisors Private Limited
Registrar
Purva Sharegistry
Market maker
Giriraj Stock Broking.
They are an integrated engineering, procurement and construction (“EPC”) (design and build) & infra turnkey contracting company providing specialized services for construction of buildings and infrastructure facilities for industrial, warehousing, commercial, institutional, pharmaceutical projects, solar projects, hospitals, hotels, resorts & villas etc. We are having experience in design and construction of various projects across states in India
They have presence in. Tamil Nadu, Karnataka, Uttar Pradesh, West Bengal and Pondicherry.
They also undertake EPC projects for government entities through tender offering process.
Financials: Sathlokhar Synergys E&C Global
Particulars / Rs. Lacs
2024(12)
2023(12)
2022(12)
Total Income
24732
87.16
58.52
Net Profit/Loss
2621
546
88
Post issue Share Capital
2414
FV
10.0
IPO price
135.0
EPS Fy23
2.3
PE Fy23
59.7
EPS Fy24
10.9
PE Fy24
12.4
Market cap inLacs
32,589
Market cap / Sales
1.32
Anchors: Sathlokhar Synergys E&C Global IPO
Chetana Education IPO: Salient Points
Sathlokhar Synergys E&C Global Limited provides specialized engineering, procurement and construction (EPC) services for the construction of buildings and infrastructure facilities.
The company also provides the installation of Mechanical, Electrical and Plumbing Networks in construction projects.
They serve to reputed clients.
IPO is priced reasonably wrt. peers in the infra space
They are authorised channel partner for TATA Power Solar Systems Ltd, for providing installation, sales, commissioning and maintenance services of its products as per mutually agreed terms in relation with its Solar Power Projects.
Sathlokhar Synergys E&C Global IPO is coming at a PE ratio of 12.4x (FY24 Earnings).
I intend to apply in Sathlokhar Synergys E&C GlobalIPO subject to availability of funds. Company has some promise though it is placed at par with larger peers. Given the nature of business listing gains may not be very high.
GMP as reported on social media has been Rs. 180 (128%)
The lead manager has a good track record.
SME IPOs are quite volatile and new retail investors need to exercise considerable caution in my view.
This post is exploratory and educational purposes only. Please do your own diligence before investing in SME IPOs like this.
Standard disclaimer: I am not a SEBI registered analyst and above analysis is for educational purpose only. Iam a postgraduate in engineering & Management . I have in the past cleared some exams like NISM-Series-V-A: Mutual Fund Distributors Certification, NISM-Series-X-A: Investment Adviser (Level 1) Certification and NISM-Series-X-B: Investment Adviser (Level 2) Examination. This post is my view on the subject matter and is only academic and exploratory in nature. It is not meant to influence investment decisions of investors. I may have bias/vested interest in covered Stock/Mutual Funds/NCD etc. due to my own investment or leaning. Further my understanding of the areas on which I write may be imperfect or incomplete and data could be wrong due to limited time and resources at my disposal. Do check the data from company’s RHP and exchanges before making any decision. Please do your own due diligence as stock market/MF investments have high degree of inherent risk.
