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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.
| 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) |
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 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 Size | 3,780,000 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. 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. |
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 |
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...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)
| Category | Subscription (times) |
|---|---|
| NII | 1.00 |
| Retail | 0.36 |
| Total | 1.13 |
| Listing Date | Friday, September 21, 2018 |
| BSE Script Code | 541929 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE00QT01015 |
| IPO Price | ₹70 per share |
| Face Value | ₹10 per share |
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Synergy Green Industries Limited
392 E Ward
Shahupuri
Kolhapur - 416001
Phone: +91-0231-2658375
Email: info@synergygreenind.com
Website: http://www.synergygreenind.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: synergygreen.ipo@linkintime.co.in
Website: https://linkintime.co.in/
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.
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sold @81.9 ... 17% up!!!!!