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Open
4 Sep 2018
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Close
11 Sep 2018
3
Allotment
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Listing
Fri, Sep 21, 2018
Price Band
₹70 per share
Issue Size
37,80,000 shares (agg. up to ₹26 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Sep 21, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.00x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 108.36 | 91.79 | 82.53 |
| Total Income | 103.13 | 120.67 | 82.60 |
| Profit After Tax | 4.66 | 4.86 | 1.55 |
| NET Worth | 8.97 | -0.70 | -5.56 |
| Reserves and Surplus | -12.09 | -18.51 | -23.37 |
| Total Borrowing | 36.31 | 42.50 | 45.68 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ganga Forging Ltd. | SME | ₹5.00 Cr | ₹21 | null | ₹21.20 | +0.95% | ₹1.99 (+1.53%) |
| Tirupati Forge Ltd. | SME | ₹5.22 Cr | ₹29 | null | ₹34.10 | +17.59% | (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Plant and Machinery | 12.05 |
| 2 | To Meet Working Capital Requirement | 12.00 |
| 3 | General Corporate Purpose | 0.61 |
About Synergy Green Industries IPO
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 sourcingThe company has 133 employees on its payroll.+ Read More
Contact Details
Synergy Green Industries Ltd. Address392 E WardShahupuriKolhapur, Maharashtra, 416001+91-0231-2658375info@synergygreenind.comVisit Website