Synergy Green IPO

Synergy Green IPOBusiness description - 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 - 11 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
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 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

Synergy Green IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.06
Day 2 0.14
Day 3 0.21
Day 4 0.43
Day 5 0.46
Day 6 1.06
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

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

Synergy Green IPO Allotment Status

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

Listing performance of Synergy Green Industries

IPO Opening Date: 4 September 2018

IPO Closing Date: 11 September 2018

Listing Date: 21 September 2018

Listing Price on BSE SME: INR78 per share (up 11.43% from IPO price)

Closing Price on BSE SME: INR81.85 per share (up 16.93% from IPO price)

Synergy Green IPO
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