Synergy Green Industries Rights Issue is scheduled on 23 Sep – 4 Oct 2024
Synergy Green Industries (SGIL) is a leading foundry based in Kolhapur, India, specializing in the production of SG Iron, Grey Iron, and Steel castings. Founded in 2010, the company has grown to employ between 201 and 500 people in India. SGIL’s global headquarters is located in Kolhapur.
The company primarily focuses on manufacturing large castings ranging from 500 Kg to 30 metric tonnes for wind turbines, wind gearboxes, and general engineering industries such as mining, pumps, and plastic injection parts. With an annual production capacity of 30,000 metric tonnes, SGIL is a leading supplier to major wind OEMs worldwide. The company also has significant capabilities in heavy engineering applications beyond the wind sector.
Table of Contents
Synergy Green Industries Rights Issue Details
| Synergy Green Industries Rights Issue Date | 23 Sep – 4 Oct 2024 |
| Synergy Green Industries Rights Issue Price | INR 325 per share |
| Issue Size (in Shares) | 14,13,000 shares |
| Issue Size (in INR) | INR 45.92 crore |
| Issue Entitlement | 1 equity shares for every 10 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Synergy Green Industries Rights Issue Record Date | 11 September 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
Synergy Green Industries Rights Issue Calculation
| Synergy Green Industries Rights Issue Price | INR 325 per share |
| Market Price on Rights Issue Approval | INR 402.35 per share |
| Dilution Factor (X) | 1.1 |
| Fair Value After Dilution at Prevailing Price | INR 395.32 per share |
Synergy Green Industries Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 283.77 | 289.71 | 326.31 |
| Expenses | 271.21 | 277.47 | 300.38 |
| Operating Margin (%) | 8.88 | 9.24 | 12.60 |
| Net income | 1.43 | 0.87 | 11.56 |
| ROCE (%) | 13.0 | 12.0 | 24.0 |
Synergy Green Industries Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objective
Synergy Green Industries Rights Offer Documents
- Synergy Green Industries Rights Issue Application Form
- Synergy Green Industries Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Synergy Green Industries Rights Issue Dates
| Rights Issue Approval Date | 5 September 2024 |
| Rights Issue Record Date | 11 September 2024 |
| Credit of Rights Entitlement | 16 September 2024 |
| Rights Issue Opening Date | 23 September 2024 |
| Last Date for Market Renunciation | 30 September 2024 |
| Rights Issue Closing Date | 4 October 2024 |
| Finalization of Basis of Allotment | 11 October 2024 |
| Rights Allotment Date | 11 October 2024 |
| Credit Date | 15 October 2024 |
| Listing Date | 21 October 2024 |
Synergy Green Industries Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Synergy Green Industries Issue Contact Details
SYNERGY GREEN INDUSTRIES LIMITED
392 E Ward, Shahupuri,
Kolhapur – 416001, Maharashtra, India
Phone:Â +910231265837
E-mail:Â [email protected]
Website:Â www.synergygreenind.com
Synergy Green Industries Rights Offer FAQs
What is the Synergy Green Industries Rights Issue Price?
The issue price is INR 325 per share.
What is the Synergy Green Industries Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 10 Equity Shares held on the record date.
What is the Synergy Green Industries Rights Issue Record Date?
The Record date is 11 September 2024.
How to Apply in Synergy Green Industries Rights Offer?
The best way to apply in Synergy Green Industries Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
