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Synergy Green Industries Limited IPO (Synergy Green IPO) Detail

September 4, 2018 - September 11, 2018

Synergy Green IPO is a fixed price issue of Rs 26.46 crores.

Synergy Green IPO bidding started from September 4, 2018 and ended on September 11, 2018. The shares got listed on BSE SME on September 21, 2018.

Synergy Green IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000.

Swastika Investmart Ltd is the book running lead manager of the Synergy Green IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Synergy Green IPO RHP for detailed information.

Synergy Green IPO Details

IPO Date September 4, 2018 to September 11, 2018
Listing Date September 21, 2018
Face Value ₹10 per share
Price ₹70 per share
Lot Size 2000 Shares
Total Issue Size3,780,000 shares
(aggregating up to ₹26.46 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion192,000 shares

Synergy Green IPO Reservation

Synergy Green IPO offers 3,780,000 shares. 1,794,000 (47.46%) to NII, 1,794,000 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered192,000 (5.08%)
Other Shares Offered1,794,000 (47.46%)
Retail Shares Offered1,794,000 (47.46%)
Total Shares Offered3,780,000 (100%)

Synergy Green IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹140,000
Retail (Max) 1 2000 ₹140,000
Lot Size Calculator

About Synergy Green Industries Limited

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 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 (Synergy Green IPO Objectives)

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 Review (May apply)

[Dilip Davda]  

Although company’s working has turned positive since last three fiscals, it has yet carried forward losses in the balance sheet. Asking price is aggressive compared to its peers. Hence risk savvy cash surplus investors may consider it for long term.

Read detail review...

Synergy Green IPO Subscription Status (Bidding Detail)

The Synergy Green IPO is subscribed 1.13 times on September 11, 2018 6:30:02 PM. The public issue subscribed 0.36 times in the retail category, times in the QIB category, and 1.00 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Synergy Green IPO Prospectus

Synergy Green IPO Rating

Rating:Rated 3.0 stars
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Synergy Green IPO Listing Details

Listing Date September 21, 2018
BSE Script Code 541929
Final Issue Price ₹70 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Synergy Green Industries Limited Contact Details

Synergy Green Industries Limited
392 E Ward
Kolhapur - 416001
Phone: +91-0231-2658375

Synergy Green IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Synergy Green IPO - Buy or Not

Synergy Green IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Synergy Green IPO FAQs

Synergy Green IPO is a SME IPO of 3,780,000 equity shares of the face value of ₹10 aggregating up to ₹26.46 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000 Shares.

The IPO opens on September 4, 2018, and closes on September 11, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Synergy Green IPO opens on September 4, 2018 and closes on September 11, 2018.

Synergy Green IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.

You can apply in Synergy Green IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Synergy Green IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Synergy Green IPO allotment status.

The Synergy Green IPO listing date is on September 21, 2018.
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Synergy Green IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



14. Jai D. Patel |   Link |  Bookmark |September 21, 2018 10:09:41 AM
GAMBLE suceed... I think B&W hat and i only subscribed to this ipo from the forum member!!!!

sold @81.9 ... 17% up!!!!!
14.1. Jai D. Patel |   Link |  Bookmark |September 21, 2018 10:11:10 AM
14.2. black & white hat |   Link |  Bookmark |September 23, 2018 1:30:06 PM
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?
13. VIE |   Link |  Bookmark |September 21, 2018 9:28:47 AM (500+ Posts, 500+ Likes)
open at 78 big suprise
12. GrowYourMoney |   Link |  Bookmark |September 21, 2018 9:01:05 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Good Luck to allottees...
11. VIE |   Link |  Bookmark |September 21, 2018 9:00:15 AM (500+ Posts, 500+ Likes)
synergy is listed today let see how it will list.
10. Jai D. Patel |   Link |  Bookmark |September 14, 2018 11:18:53 AM
strange subscription figure for this IPO:
QIB....... 8x
HNI....... 1x
RII .....0.3x !!!

total ...1.07x
9. GrowYourMoney |   Link |  Bookmark |September 12, 2018 5:49:14 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Synergy with QIB can make it Greener
9.1. Jai D. Patel |   Link |  Bookmark |September 13, 2018 11:26:44 AM
What do you think about this ipo??? I have applied for one lot...just to play gamble...
8. Jai D. Patel |   Link |  Bookmark |September 11, 2018 1:55:49 PM
FII entered, 1400000 shares bid
QIB total 1600000
7. black & white hat |   Link |  Bookmark |September 11, 2018 1:54:19 PM
good company....

cash flow from operation is positive for last 4 year. which is good sign. other cash flow negative due to capital investment
6. GrowYourMoney |   Link |  Bookmark |September 9, 2018 5:56:18 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Costlier than top quality peers..
Can be missed....
5. Nitinoswal |   Link |  Bookmark |September 5, 2018 2:58:37 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
4. chirag Meisheri |   Link |  Bookmark |September 5, 2018 10:34:51 AM
Should apply or skip?
3. DownriteVJ |   Link |  Bookmark |September 4, 2018 12:50:59 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Skipping this
2. Jai D. Patel |   Link |  Bookmark |August 31, 2018 6:08:12 PM
hello ... Gurus, mentors, seniors ... es stock per apki kya rai hai??
1. Jagdish master |   Link |  Bookmark |August 30, 2018 5:30:58 PM
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.