Synergy Green IPO is all set to make its debut on 11th Sept 18 with 35.52 Cr is a company engaged in the business of plastic packing products.
Synergy Green IPO – overview
| IPO Dates | 10-12 sept 18 |
| IPO Price | INR 121 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,960,000 shares (INR 35.52 crore) |
| Minimum bid (lot size) | 1000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Synergy Green IPO – Tentative Dates
| IPO Offer Opening Date | 10 Sept 2018 |
| IPO Closing Date | 12 Sept 2018 |
| Finalization of Basis of Allotment | 18 Oct 2018 |
| Initiation of refunds | 19 Oct 2018 |
| Transfer of shares to demat accounts | 19 Oct 2018 |
| IPO Listing Date | 24 Oct 2018 |
Industry overview
Power is one of the most critical components of infrastructure, crucial for the economic growth and welfare of nations. The existence and development of adequate infrastructure is essential for sustained growth of the Indian economy.
India’s power sector is one of the most diversified in the world. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, and agricultural and domestic waste. Electricity demand in the country has increased rapidly and is expected to rise further in the years to come.
In order to meet the increasing demand for electricity in the country, massive addition to the installed generating capacity is required. India ranks third among 40 countries in EY’s Renewable Energy Country Attractiveness Index, on back of strong focus by the government on promoting renewable energy and implementation of projects in a time bound manner.
India has moved up 73 spots to rank 26th in the World Bank’s list of electricity accessibility in 2017, according to Mr Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, Renewable Energy and Mines, Government of India. In September 2017, the Government of India launched the Saubhagya scheme to provide electricity connections to over 40 million families in rural and urban areas by December 2018 at a cost of US$ 2.5 billion.
Company Overview
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
Objects of the Issue
- Purchase of Plant and Machinery.
- Meet Working Capital Requirement.
- General Corporate Purpose.
- Meet the Issue Expenses.
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 10,726.23 | 9,178.72 | 8,253.32 |
| Total Revenue | 6,640.60 | 12,067.19 | 8,259.66 |
| Profit After Tax | 214.81 | 485.96 | 155.21 |
Company Contact Information
Synergy Green Industries Limited
392 E Ward
Shahupuri
Kolhapur – 416001
Phone: +91-0231-2658375
Email: info@synergygreenind.com
Website: http://www.synergygreenind.com/
Synergy Green IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: synergygreen.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Synergy Green IPO Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
