Synergy Green Industries Rights Issue Date, Price, Allotment, Entitlement

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Last updated on September 17, 2024

Synergy Green Industries Rights Issue

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.

Synergy Green Industries Rights Issue Dates

Synergy Green Industries Rights Issue Details

Synergy Green Industries Rights Issue Date23 Sep – 4 Oct 2024
Synergy Green Industries Rights Issue PriceINR 325 per share
Issue Size (in Shares)14,13,000 shares
Issue Size (in INR)INR 45.92 crore
Issue Entitlement1 equity shares for every 10 equity shares held on record date
Terms of PaymentFully payable at the time of application
Synergy Green Industries Rights Issue Record Date11 September 2024
Face ValueINR 10 per share
Listing OnNSE, BSE

Synergy Green Industries Rights Issue Calculation

Synergy Green Industries Rights Issue PriceINR 325 per share
Market Price on Rights Issue ApprovalINR 402.35 per share
Dilution Factor (X)1.1
Fair Value After Dilution at Prevailing PriceINR 395.32 per share

Synergy Green Industries Financial Performance

 FY 2022FY 2023FY 2024
Revenue283.77289.71326.31
Expenses271.21277.47300.38
Operating Margin (%)8.889.2412.60
Net income1.430.8711.56
ROCE (%)13.012.024.0
Figures in INR Crores unless specified otherwise

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 Dates

Rights Issue Approval Date5 September 2024
Rights Issue Record Date11 September 2024
Credit of Rights Entitlement16 September 2024
Rights Issue Opening Date23 September 2024
Last Date for Market Renunciation30 September 2024
Rights Issue Closing Date4 October 2024
Finalization of Basis of Allotment11 October 2024
Rights Allotment Date11 October 2024
Credit Date 15 October 2024
Listing Date21 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: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in


Synergy Green Industries Issue Contact Details

SYNERGY GREEN INDUSTRIES LIMITED
392 E Ward, Shahupuri,
Kolhapur – 416001, Maharashtra, India
Phone: +910231265837
E-mail: [email protected]
Website: 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.

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