Sathlokhar Synergys E&C Global, a new entrant in the stock market, is poised to make its mark with an Initial Public Offering (IPO) worth ₹92.93 crores. The entire issue comprises a fresh offering of 66.38 lakh shares.
Investors can participate in the Sathlokhar Synergys E&C Global IPO from July 30, 2024, until August 1, 2024. The allotment process is expected to conclude on Friday, August 2, 2024. Following the allotment, Sathlokhar Synergys E&C Global’s shares will be listed on the National Stock Exchange (NSE) SME platform, with a tentative listing date set for Tuesday, August 6, 2024.
Sathlokhar Synergys E&C Global Limited, previously known as Lohats Ventures Private Limited, operates in the Architectural, Engineering, and Related Services sector. Founded in 2013, they specialize in providing engineering, procurement, and construction (EPC) services for building and infrastructure projects.
The price band for the Sathlokhar Synergys E&C Global IPO ranges from ₹133 to ₹140 per share. Retail investors can apply for a minimum lot size of 1000 shares, requiring an investment of ₹140,000. High-net-worth individuals (HNIs) have the option to invest in a minimum of 2 lots (2000 shares), totaling ₹280,000.
GYR Capital Advisors Private Limited serves as the book running lead manager for the Sathlokhar Synergys E&C Global IPO, while Purva Sharegistry India Pvt Ltd acts as the registrar. Giriraj Stock Broking is the designated market maker for this promising IPO.
Sathlokhar Synergys IPO Details:
| Company Name | Sathlokhar Synergys E&C Global Limited |
| Sector | Infrastructure Services |
| IPO Type | SME |
| IPO Open date | 30th July 2024 |
| IPO Close date | 01st Aug 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Sathlokhar Synergys IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,40,000 |
| HNI (Min) | 2 | 2000 | 2,80,000 |
Sathlokhar Synergys IPO Timeline:
| IPO Open Date | 30th July 2024 |
| IPO Close Date | 01st Aug 2024 |
| Basis of Allotment | 02nd Aug 2024 |
| Refund Initiation Date | 05th Aug 2024 |
| Shares Credit to Demat | 05th Aug 2024 |
| Listing Date | 06th Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Sathlokhar Synergys’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Infrastructure Services Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Sathlokhar Synergys and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
