Business 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: [email protected]
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: [email protected]
Website:Â 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)
