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Sathlokhar Synergys E&C IPO
Price Band
₹133.0–140.0
Issue Size
₹92.93 Cr
Lot Size
1,000 shares
Min Investment
₹140,000
GMP
+₹95.0 (67.86%)
Issue Price
₹140.0
Subject to Sauda
₹72200
Paid only if allotted
Sathlokhar Synergys E&C IPO AI Summary
- Sathlokhar Synergys E&C IPO is listed on NSE SME in the Civil Construction sector.
- Price band: ₹133.0–₹140.0 per share, lot size 1,000 shares (min. investment ₹140,000).
- Subscription window: 30 Jul–01 Aug 2024, listing on 06 Aug 2024.
- Current GMP is +₹95.0 (67.86%), an estimated listing price of ₹235 — unofficial and can change daily.
Sathlokhar Synergys E&C Global Limited is set to launch its IPO with a price band of ₹133.0 to ₹140.0. The company has shown significant revenue and profit growth in recent years and has plans for utilizing the IPO proceeds for working capital and corporate purposes. Investors should consider the associated risks and market conditions before participating.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sathlokhar Synergys E&C IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 01 Aug 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Sathlokhar Synergys E&C IPO Grey Market Premium (GMP) Today
GMP
+₹95.0
GMP %
+67.86%
Est. Listing
₹235.0
Updated: 25 Jul 2026 14:04
About the Company
Founded in 2013, Sathlokhar Synergys E&C Global Limited, previously known as Lohats Ventures Private Limited, provides specialized engineering, procurement and construction (EPC) services for the construction of buildings and infrastructure facilities. Sathlokhar Synergys provides construction services for industrial, warehousing, commercial, institutional and pharmaceutical projects, solar projects, hospitals, hotels, resorts and villas etc. The company also provides installation of mechanical, electrical and plumbing networks in construction projects. The company has completed projects in 4 states of India, namely Tamil Nadu, Karnataka, Uttar Pradesh and West Bengal. The company also undertakes EPC projects for government agencies through competitive bidding processes. Sathlokhar Synergys is also an authorized dealer of TATA Power Solar Systems Ltd. for providing installation, sales, commissioning and maintenance services for its products as per mutually agreed terms and conditions in connection with its solar power projects. The company employs a total of 118 people in the departments of accounting and finance, human resources and administration, engineering and operations, procurement and material management and safety and security.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 104.83 | 47.82 | 46.28 |
| Total Income | 247.32 | 87.16 | 58.52 |
| Profit After Tax | 26.21 | 5.46 | 0.88 |
| NET Worth | 40.53 | 14.32 | 8.86 |
| Reserves and Surplus | 38.53 | 12.32 | 6.86 |
| Total Borrowing | 0.08 | 6.12 | 6.77 |
Key Ratios
EPS
₹14.98
NAV
₹23.16
ROCE
87.33%
RoNW
64.68%
P/B Value
1.96
P/E Ratio
9.35
Market Cap
₹337.93 Cr
PAT Margin
10.61%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Srm Contractors Limited | 37.72 | 30% | 2.2 | 90.82 | 90.82 |
| Suraj Estate Developers Limited | 225.24 | 45% | 38.88 | 10.1 | 10.1 |
| K2 Infragen Limited | 62.04 | 81% | 9.49 | 18.02 | 15.38 |
| Sathlokhar Synergys E&C Global Limited This IPO | 71.58 | 38% | 9.35 | 3.12 | 3.12 |
Promoters
G Thiyagu, Sangeethaa Thiyagu and Dinesh Sankaran
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital 73.00 2 General Corporate Purposes 15.43
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹58.52 Cr in the year ending 31 Mar 2022, increasing to ₹87.16 Cr by 31 Mar 2023, and further rising to ₹247.32 Cr by 31 Mar 2024. This indicates a significant upward trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹0.88 Cr for the year ending 31 Mar 2022, which grew to ₹5.46 Cr by 31 Mar 2023, and further increased to ₹26.21 Cr by 31 Mar 2024. This shows a strong growth in profitability across the periods.
Valuation
At the issue price of ₹140.0, Sathlokhar Synergys E&C has an implied P/E of 9.35 based on its EPS of ₹14.98. This is lower than peers such as Suraj Estate Developers Limited, which trades at a P/E of 38.88, and K2 Infragen Limited at 9.49.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests that the stock may list at a higher price, while a negative GMP indicates the opposite. Investors often use GMP as a gauge of market sentiment towards the IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's essential to consider the company's growth prospects and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with a proven track record may want to avoid this IPO, as it is in the civil construction sector, which can be subject to economic fluctuations and project delays.
IPO Timeline, Explained
The IPO opens for subscription on July 30, 2024, and closes on August 1, 2024. Allotment of shares will be done on August 2, 2024, with the listing expected on August 6, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make by selling shares on the listing day at a higher price than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Sathlokhar Synergys E&C's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Sathlokhar Synergys E&C IPO GMP today?
Sathlokhar Synergys E&C IPO GMP today is +₹95.0 (67.86%), indicating an estimated listing price of ₹235. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Sathlokhar Synergys E&C IPO?
The price band of Sathlokhar Synergys E&C IPO is ₹133.0–₹140.0 per share.
When does Sathlokhar Synergys E&C IPO open and close?
Sathlokhar Synergys E&C IPO opens on 30 July 2024 and closes on 01 August 2024.
When does Sathlokhar Synergys E&C IPO list on the stock exchange?
Sathlokhar Synergys E&C IPO listed on 06 August 2024 at ₹235.0.
What is the lot size for Sathlokhar Synergys E&C IPO?
The lot size for Sathlokhar Synergys E&C IPO is 1000 shares, requiring a minimum investment of ₹140,000.
What is the price band for the IPO?
The price band for the IPO is ₹133.0 to ₹140.0.
What is the minimum investment required?
The minimum investment required is ₹140,000 for a lot size of 1,000 shares.
When will the IPO be listed?
The IPO is expected to be listed on August 6, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Who are the promoters of the company?
The promoters of the company are G Thiyagu, Sangeethaa Thiyagu, and Dinesh Sankaran.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jul 2024
Close
01 Aug 2024
Allotment
02 Aug 2024
Listing
06 Aug 2024
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