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 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

Synergy Green IPO Date Sep 4, 2018 to Sep 11, 2018
Synergy Green IPO Face Value ₹10 per share
Synergy Green IPO Price ₹70 per share
Synergy Green IPO Lot Size 2000 Shares
Issue Size3,780,000 shares of ₹10
(aggregating up to ₹26.46 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
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.

Synergy Green IPO Lot Size

The Synergy Green IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).

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

Synergy Green IPO Review

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 Sep 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 Date

Listing Date Friday, September 21, 2018
BSE Script Code 541929
NSE Symbol
Listing In MT Group of Securities
IPO Price ₹70 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

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 Review

Synergy Green IPO Recommendation Summary

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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 Sep 4, 2018, and closes on Sep 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 Sep 4, 2018 and closes on Sep 11, 2018.

Synergy Green IPO lot size is 2000 Shares and the minimum order quantity is .

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, Edelweiss, 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 Friday, September 21, 2018.
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Synergy Green IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



14. Jai D. Patel |   Link |Sep 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 |Sep 21, 2018 10:11:10 AM
14.2. black & white hat |   Link |Sep 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 |Sep 21, 2018 9:28:47 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
open at 78 big suprise
12. GrowYourMoney |   Link |Sep 21, 2018 9:01:05 AM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Good Luck to allottees...
11. VIE |   Link |Sep 21, 2018 9:00:15 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
synergy is listed today let see how it will list.
10. Jai D. Patel |   Link |Sep 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 |Sep 12, 2018 5:49:14 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Synergy with QIB can make it Greener
9.1. Jai D. Patel |   Link |Sep 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 |Sep 11, 2018 1:55:49 PM
FII entered, 1400000 shares bid
QIB total 1600000
7. black & white hat |   Link |Sep 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 |Sep 9, 2018 5:56:18 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Costlier than top quality peers..
Can be missed....
5. Nitinoswal |   Link |Sep 5, 2018 2:58:37 PM
4. chirag Meisheri |   Link |Sep 5, 2018 10:34:51 AM
Should apply or skip?
3. DownriteVJ |   Link |Sep 4, 2018 12:50:59 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Skipping this
2. Jai D. Patel |   Link |Aug 31, 2018 6:08:12 PM
hello ... Gurus, mentors, seniors ... es stock per apki kya rai hai??
1. Jagdish master |   Link |Aug 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.