The Synergy Green IPO date has been confirmed from September 4, 2018 and ended on September 7, 2018.
Synergy Green IPO starts from September 4 and ends on September 7. The price band is around Rs.70 with 2000 market lot. The IPO size is around 26.46 crore rupees.
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Bidding Dates
September 4-7
Price Range
₹70 per share
Face Value
₹10 per share
GMP
NA
Synergy Green IPO GMP
The Lagnam Spintex IPO GMP is ₹NA.
IPO Overview
Synergy Green IPO is a fixed price issue of Rs 26.46 crores. Synergy Green IPO bidding started from September 4, 2018 and finished on September 7, 2018. The shares were listed on BSE SME on September 21, 2018.
Synergy Green IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
Synergy Green IPO Details
| IPO Date | September 4, 2018 to September 11, 2018 |
| Listing Date | September 21, 2018 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,780,000 shares (aggregating up to ₹26.46 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 192,000 shares |
Synergy Green Company Financials
| 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) |
Synergy Green IPO Listing Details
| Listing Date | September 21, 2018 |
| BSE Script Code | 541929 |
| NSE Symbol | SGIL |
| ISIN | INE00QT01015 |
| Final Issue Price | ₹70 per share |
Company Profile
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 the 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 pieces 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.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | synergygreen.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Synergy Green Industries Limited |
| Phone number | +91-0231-2658375 |
| Email ID | info@synergygreenind.com |
| Website | synergygreenind.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
