Sathlokhar Synergys IPO Subscription – Live Status

Last updated on August 1, 2024

Sathlokhar Synergys IPO subscription started on 30 July 2024 and will close on 1 August 2024. Sathlokhar Synergys plans to raise around INR 88.29 – 92.93 crores via the IPO. The price band is fixed at INR 133 – 140 per share. The Sathlokhar Synergys IPO market lot has 1,000 shares and the minimum application amount is INR 1,40,000. The retail quota is 35%, QIB is 50% and NII is 15%.

Check Sathlokhar Synergys IPO subscription status here. The subscription figures are taken from NSE EMERGE and are updated at regular intervals. The public issue has QIB, NII, and Retail categories for the subscription. Here you can find Sathlokhar Synergys IPO subscription status segregated by days and investor categories.

Sathlokhar Synergys IPO Subscription Status – Live Updates

The market maker reservation portion of 6,00,000 shares and anchor allocation of 18,10,000 shares is not included in the above calculations.

Founded in 2013, Sathlokhar Synergys specializes in engineering, procurement, and construction (EPC) services. The company provides a wide range of construction services, including industrial, commercial, institutional, and pharmaceutical projects, as well as solar installations, hotels, resorts, and villas. It also undertakes mechanical, electrical, and plumbing installations and has completed projects across Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal. Sathlokhar Synergys is an approved dealer for TATA Power Solar Systems Ltd., offering installation and maintenance services for solar power projects.

In recent financial years, Sathlokhar Synergys has shown significant growth. Between FY 2023 and FY 2024, the company’s revenue increased by approximately 183.77%, while profit after tax surged by 380.51%. As of 31 March 2024, the company reported revenues of INR 247.32 crore and a profit after tax of INR 26.21 crore.

Investor Categories in Sathlokhar Synergys IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Sathlokhar Synergys IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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