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.
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.
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.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||214.81||485.96||155.21||(685.06)||(901.51)||(905.28)|
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
|Issue Open||Sep 4, 2018 - Sep 11, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||3,780,000 Eq Shares of Rs 10 |
(aggregating up to Rs 26.46 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 70 Per Equity Share|
|Market Lot||2000 Shares|
|Min Order Quantity||2000 Shares|
|Listing At||BSE SME|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Sep 11, 2018 18:30
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