Synergy Green Industries SME IPO Details

Synergy Green Industries SME IPO Details

About Company

Synergy Green Industries is engaged in the business of foundry i.e. manufacturing of castings, industrial castings, turbine castings, metal castings, steel castings and Windmill Parts. The company 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. It is capable of handling the castings ranging from 500 Kg to 17 MT single piece in ductile iron and grey iron.

Its plant – located in Kolhapur – is equipped with MAGMA simulation software, Furan no bake moulding plant, Induction melting furnace and entire range of testing equipment’s to meet stringent quality specifications. The company organizes its business in three segments – Wind Turbine, Wind Gear Box and General Engineering (Non-Wind Segment) like Mining equipment, Pump and Valve Industry Plastic Injection machines, traction motors and small casting.

Promoters of Synergy Green Industries – Mr Sachin Rajendra Shirgaokar, Mr Sohan Sanjeev Shirgaokar, Mr Vendavagali Srinivasa Reddy and S B Reshellers Private Limited.

Synergy Green Industries IPO details

Subscription Dates

4 - 7 September 2018

IPO Price band

INR70 per share

Fresh issue

3,780,000 shares (INR26.46 crore)

Offer for sale

Nil

Total IPO size

3,780,000 shares (INR26.46 crore)

Minimum bid (lot size)

2,000 shares

Price Band

Rs. 70 per equity share (Lot amt- Rs.1,40,000)

Face Value 

INR10 per share

Retail Allocation

50%

Listing On

BSE SME platform

Use of funds

* Purchase of Plant and Machinery - INR12.05 crore

*  Working Capital Requirement - INR12 crore

*  General Corporate Purpose - INR0.61 crore

*  Issue Expenses - INR1.80 crore

Synergy Green's financial performance (in INR crore)

FY2014

FY2015

FY2016

FY2017

FY2018

Total revenue

37.2

63.8

82.6

120.7

103.1

Total expenses

46.5

71.5

81.5

116.6

100.2

Profit after tax

-9.0

-6.9

1.6

4.9

4.7

Synergy Green Valuation (For latest FY)

Earnings Per Share (EPS): INR6.96

Price/Earnings (P/E) ratio: 10.06

Return on Net Worth (RONW): 52.01%

Net Asset Value (NAV): INR13.37 per share

Listing performance of Synergy Green Industries

IPO Opening Date: 4 September 2018

IPO Closing Date: 7 September 2018
Basis of Allotment: 14-September-2018
Refunds: 17-September-2018
Credit to demat accounts: 18-September-2018

Listing Date: 19 September 2018

Synergy Green IPO Allotment Status

Synergy Green IPO allotment status will be available on Link Intime's website. Click on this link to get allotment status.

Synergy Green Industries' Contact Details

Synergy Green Industries Limited

392 E Ward,

Shahupuri,

Kolhapur - 416001 

Phone: +91 0231 2658375

Email: info@synergygreenind.com

Website: www.synergygreenind.com

Registrar of Synergy Green IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: synergygreen.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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