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Synergy Green Industries Limited IPO (Synergy Green IPO) Detail

Sep 4, 2018 - Sep 11, 2018

Incorporated in 2010, Kolhapur based Synergy Green Industries Limited (SGIL) is a company engaged in the business of foundry and manufactures castings, industrial castings, metal castings, turbine castings, steel castings and Windmill Parts.

The manufacturing Unit of the company is located in Kolhapur. It is ISO 9001:2015 certified for Manufacture of Graded Grey Iron, Spheroidal Graphite Iron and Steel Casting and Machined Components for Non-Automotive and Industrial Applications. The company is capable of handling castings ranging from 500 Kg to 17 MT single piece in ductile iron and grey iron.

Some of the major customers of the company are M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens.

Competitive Strengths

1. Client base includes leading names in industry M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens.
2. The strategic location of manufacturing unit brings significant cost advantage in raw material sourcing

The company has 133 employees on its payroll.

Company Promoters:

The Promoters of our Company are Mr. Sachin Rajendra Shirgaokar Mr. Sohan Sanjeev Shirgaokar, Mr. Vendavagali Srinivasa Reddy and S. B. Reshellers Private Limited.
They are holding 76,16,196 Equity Shares constituting 73.59% of the issued and paid-up Equity Share capital of the Company. The Promoter and Promoter Group will continue to hold the majority of the post Issue paid-up equity share capital of the Company.

S. B. Reshellers Private Limited was incorporated in 1949 and is engaged in the business of Reshelling of sugar mill rollers, machine shop, steel fabrication, designing, manufacturing, developing, improving, hiring, repairing, buying, selling and dealing in forging and casting of ferrous and non-ferrous material.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 10,726.23 9,178.72 8,253.32 6,885.80 6,514.79 5,959.28
Total Revenue 6,640.60 12,067.19 8,259.66 6,384.93 3,723.83 954.44
Profit After Tax 214.81 485.96 155.21 (685.06) (901.51) (905.28)

Objects of the Issue:

The objects of the issue are to:

1. Purchase of Plant and Machinery
2. Meet Working Capital Requirement
3. General Corporate Purpose
4. Meet the Issue Expenses

Synergy Green IPO Details

Issue OpenSep 4, 2018 - Sep 11, 2018
Issue TypeFixed Price Issue IPO
Issue Size3,780,000 Eq Shares of Rs 10
(aggregating up to Rs 26.46 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 70 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME

Synergy Green IPO Subscription Status (Bidding Detail)

Synergy Green IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,794,000

1,794,000

3,588,000

Sep 11, 2018 18:30

1.00x

0.36x

1.13x

Synergy Green IPO Prospectus

Synergy Green IPO Rating

36
3.0
Rating:Rated 3.0 stars

Vote Here ...

Synergy Green IPO Listing Date

  •   ›  Listing Date: Friday, September 21, 2018
  •   ›  BSE Script Code: 541929
  •   ›  NSE Symbol:
  •   ›  Listing In: MT
  •   ›  ISIN: INE00QT01015
  •   ›  Issue Price: Rs 70 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
Rs 70.00
Rs 76.00
Rs 76.00
Rs 81.90
Rs 81.90
184,000

Synergy Green IPO Reviews / Ratings

Company Contact Information

Synergy Green Industries Limited
392 E Ward
Shahupuri
Kolhapur - 416001

Phone: +91-0231-2658375
Email: info@synergygreenind.com
Website: http://www.synergygreenind.com/

Synergy Green IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: synergygreen.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Synergy Green IPO Review / Comments

avatar
14. Jai D. Patel  Sep 21, 2018 10:09 I Like It. 2 | Report Abuse
GAMBLE suceed... I think B&W hat and i only subscribed to this ipo from the forum member!!!!

sold @81.9 ... 17% up!!!!!
avatar
14.1. Jai D. Patel  Sep 21, 2018 10:11 I Like It. | Report Abuse
#succeed
avatar
14.2. black & white hat  Sep 23, 2018 13:30 I Like It. 1 | Report Abuse
i don't think so some other silent forum member also have applied. and for me it was not gamble as i stated earlier co. is doing well.(pls check comment no. 7 in this ipo page).

@other forum member, let us know who others have applied in this ipo?
avatar
13. VIE  Sep 21, 2018 09:28 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
open at 78 big suprise
avatar
12. GrowYourMoney  Sep 21, 2018 09:01 I Like It. | Report Abuse
Good Luck to allottees...
avatar
11. VIE  Sep 21, 2018 09:00 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
synergy is listed today let see how it will list.
avatar
10. Jai D. Patel  Sep 14, 2018 11:18 I Like It. | Report Abuse
strange subscription figure for this IPO:
QIB....... 8x
HNI....... 1x
RII .....0.3x !!!

total ...1.07x
avatar
9. GrowYourMoney  Sep 12, 2018 17:49 I Like It. 1 | Report Abuse
Synergy with QIB can make it Greener
avatar
9.1. Jai D. Patel  Sep 13, 2018 11:26 I Like It. | Report Abuse
What do you think about this ipo??? I have applied for one lot...just to play gamble...
avatar
8. Jai D. Patel  Sep 11, 2018 13:55 I Like It. 1 | Report Abuse
FII entered, 1400000 shares bid
QIB total 1600000
avatar
7. black & white hat  Sep 11, 2018 13:54 I Like It. 1 | Report Abuse
good company....

cash flow from operation is positive for last 4 year. which is good sign. other cash flow negative due to capital investment
avatar
6. GrowYourMoney  Sep 9, 2018 17:56 I Like It. | Report Abuse
Costlier than top quality peers..
Can be missed....
avatar
5. Nitinoswal  Sep 5, 2018 14:58 I Like It. | Report Abuse
Skip
avatar
4. chirag Meisheri  Sep 5, 2018 10:34 I Like It. | Report Abuse
Should apply or skip?
avatar
3. DownriteVJ  Sep 4, 2018 12:50 I Like It. 5 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 800+ Likes)
Skipping this
avatar
2. Jai D. Patel  Aug 31, 2018 18:08 I Like It. | Report Abuse
hello ... Gurus, mentors, seniors ... es stock per apki kya rai hai??
avatar
1. Jagdish master  Aug 30, 2018 17:30 I Like It. 1 | Report Abuse
Post ipo Equity 14.30 cr and 2017-18 PAT 4.66 cr so EPS Post dillution is 3.25 Rs and IPO Prize of 70 Rs it's 21.50 PE.



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