IPO Details
Bidding Dates
30 Jul 24 - 01 Aug 24
Price Range ₹
133 - 140
Total Equity
₹ 92.93Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
30 Jul 2024
Offer end
01 Aug 2024
Allotment
02 Aug 2024
Refund initiation
05 Aug 2024
Demat transfer
05 Aug 2024
Listing
06 Aug 2024
Offer start
30 Jul 2024
Offer end
01 Aug 2024
Allotment
02 Aug 2024
Refund initiation
05 Aug 2024
Demat transfer
05 Aug 2024
Listing
06 Aug 2024
About Company
Founded in 2013, Sathlokhar Synergys E&C Global Limited, formerly known as Lohats Ventures Private Limited, specializes in providing engineering, procurement, and construction (EPC) services for building and infrastructure projects. Sathlokhar Synergys offers construction services for a wide range of projects, including industrial, warehousing, commercial, institutional, pharmaceutical, solar, hospitals, hotels, resorts, and villas. The company also handles the installation of mechanical, electrical, and plumbing systems in construction projects. The company has completed projects in four Indian states: Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal. Additionally, it undertakes EPC projects for government agencies through competitive bidding processes. Sathlokhar Synergys is an authorized dealer of TATA Power Solar Systems Ltd., providing installation, sales, commissioning, and maintenance services for its solar power products under mutually agreed terms and conditions. The company employs a total of 118 people across various departments, including accounting and finance, human resources and administration, engineering and operations, procurement and material management, and safety and security.
Year Founded
13-09-2013
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 86.5 | 62.71 |
| Share Capital | 15137404 | 15137404 |
Offer to Public
66,38,000.00 Cr
Project Details
- Working Capital - 730cr
Objectives
- Working CapitalGeneral Corporate Purposes
Highlights
- The promoters possess deep domain knowledge, providing the expertise needed to scale up the business effectively.
- A varied client base ensures stability and reduces dependency on any single market segment.
- The management team has a solid history of successfully completed projects, showcasing their reliability and capability.
- An integrated operational model allows for seamless project execution and greater control over quality and costs.
- Projects completed across multiple states demonstrate the company’s ability to operate and succeed in diverse locations.
Challenges
- The company's business is heavily concentrated in Tamil Nadu and Karnataka, exposing it to risks from economic, regulatory, and other changes in these states.
- Certain contingent liabilities could materialize and adversely affect the company's financial condition and operational results.
- The company's financial condition could be negatively impacted if new infrastructure projects are not awarded or if existing contracts are prematurely terminated.
- Ongoing litigation involving the company, its promoters, directors, and joint ventures could result in adverse outcomes, impacting the company's operations and financial health.
- The business is working capital intensive, requiring substantial financing. Historical negative cash flows and high indebtedness may affect the company's ability to operate and grow, while restrictive financing conditions could further hinder business activities.
