Sathlokhar Synergys E&C Global Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹140
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,40,000
Issue Size
₹92.93 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Sathlokhar Synergys E&C Global Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
81%
Issue Type
Book Building - SME
ISIN
INE0RFP01011
About the Company
Sathlokhar Synergys E&C Global Limited is an integrated engineering, procurement and construction ("EPC") (design and build) & infra turnkey contracting company providing specialized services for construction of buildings and infrastructure facilities for industrial, warehousing, commercial, institutional, pharmaceutical projects, solar projects, hospitals, hotels, resorts & villas etc. The Company is having experience in design and construction of various projects across 4 states in India i.e. Tamil Nadu, Karnataka, Uttar Pradesh and West Bengal. The Company also undertakes EPC projects for government entities through tender offering process. The Company provides its services across the value chain ranging from detailed designing, planning, procurement of all the materials except specialized work material, engineering of the project and project execution the site work with overall project management and completion of all works upto commissioning and delivering or taking over for their intended purpose. It also provides the installation of Mechanical, Electrical and Plumbing Networks in construction projects. The Company has its in-house professionals; MEP Designers and Engineers who meticulously build and execute the MEP Projects. It is also an authorised channel partner for TATA Power Solar Systems Ltd, for providing installation, sales, commissioning and maintenance services of its products as per mutually agreed terms in relation with its Solar Power Projects.
Industry Overview
Amidst an uncertain and challenging global macroeconomic environment, the Indian economy presents a picture of confidence, positivity and optimism. Recent growth outturns have surprised most forecasts on the upside. After clocking real gross domestic product (GDP) growth of 7.2 per cent in 2022-23, real GDP is expected to grow by 7.3 per cent during 2023-24 according to the latest release by the National Statistical Office (NSO). With strong domestic demand conditions, India remains the fastest growing major economy and is now the fifth largest economy in the world. In fact, in purchasing power parity (PPP) terms, India is already the third largest economy. The International Monetary Fund (IMF) has projected that India's contribution to world growth will rise from the current 16 per cent to 18 per cent by 2028. Strong domestic demand remains the main driver of growth, although there has been a significant increase in Indian economy's global integration through trade and financial channels. Higher reliance on domestic demand cushioned India from multiple external headwinds. The construction Industry in India is expected to reach $1.4 Tn by 2025. The construction industry market in India works across 250 sub-sectors with linkages across sectors. Under NIP, India has an investment budget of $1.4 Tn on infrastructure - 24% on renewable energy, 18% on roads & highways, 17% on urban infrastructure, and 12% on railways. 54 global innovative construction technologies identified under a Technology Sub-Mission of PMAY-U to start a new era in Indian construction technology sector.
Company History
Sathlokhar Synergys E&C Global Limited was originally incorporated as `Lohats Ventures Private Limited' a private limited company under the Companies Act, 1956 at Chennai, Tamil Nadu, pursuant to a certificate of incorporation dated September, 13, 2013, issued by the Registrar of Companies, Tamil Nadu, Chennai, Andaman and Nicobar Islands ("RoC"). Thereafter, name of the Company was changed from `Lohats Ventures Private Limited' to `Sathlokhar Synergys Private Limited', consequent to name change, pursuant to a special resolution passed by the shareholders of the Company on July 10, 2014, and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Chennai on August 06, 2014. Thereafter, name of the Company was changed from `Sathlokhar Synergys Private Limited' to `Sathlokhar Synergys E&C Global Private Limited', consequent to name change, pursuant to a special resolution passed by the shareholders of the Company on December 23, 2023, and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Chennai on January 09, 2024. Thereafter, name of the Company was changed from `Sathlokhar Synergys E&C Global Private Limited' to `Sathlokhar Synergys E&C Global Limited', consequent to conversion of the Company from private to public company, pursuant to a special resolution passed by the shareholders of the Company on January 22, 2024 and a fresh certificate of incorporation consequent to change of name was issued by the Registrar of Companies, Chennai on February 15, 2024. The Company's Corporate Identity Number is U45400TN2013PLC092969.
Products & Services
- Sathlokhar Synergys E&C Global Limited is an integrated engineering, procurement and construction ("EPC") (design and build) & infra turnkey contracting company.
Growth Strategy
- Geographical diversification.
- Enhance attractiveness through quality execution, cost reduction and continuous training of manpower.
- Design, Construct Warehouse & Industrial buildings as EPC contractors apart from Solar & MEP projects.
- Further enhance its project execution capabilities.
- Develop and maintain strong relationships with its clients.
- Leverage core competencies with enhanced in-house integration.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 66,38,000 equity shares of face value Rs. 10 each (the "Equity Shares") of Sathlokhar Synergys E&C Global Limited ("The Company" or the "Issuer") for cash at an issue price of Rs. 140 per equity share (including a securities premium of Rs. 130 per equity share) ("Issue Price"), aggregating up to Rs. 92.93 crores (the "Issue") of which 6,00,000 equity shares aggregating to Rs. 8.40 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 60,38,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 140 per equity share aggregating upto Rs. 84.53 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.50% and 25.01% respectively of the post-issue paid-up equity share capital of the company. The issue price is 14 times of the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoters having deep domain knowledge to scale up the business.
- Diversified Clientele.
- Management team having established track record.
- Established track record of successfully completed projects.
- In-house integrated model.
- The company's business is majorly concentrated in the state of Tamil Nadu and Karnataka and the company is exposed to risks emanating from economic, regulatory and other changes in the state of Tamil Nadu and Karnataka.
- The company has certain contingent liabilities, which, if materialized, may affect its financial condition and results of operations.
- Infrastructure projects are typically awarded to it on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. Its business and the company's financial condition may be adversely affected if new infrastructure projects are not awarded to it or if contracts awarded to the company is prematurely terminated.
- There have been certain instances in the past regarding certain discrepancies in fillings made to ROC as per Companies Act, 1956/2013
- Its business is working capital intensive involving relatively long implementation periods. The company requires substantial financing for its business operations. Its indebtedness and the conditions and restrictions imposed on by its financing arrangements could adversely affect the company's ability to conduct its business.