Sathlokhar Synergys IPO

Sathlokhar Synergys E&C Global Ltd

₹1,33,000 /1000 sharesMinimum Investment

Sathlokhar Synergys IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Jul ‘24 - 1 Aug ‘24₹1,33,0001,000₹133 - ₹140
Issue SizeIPO Doc
92.93Cr
RHP PDF

About Sathlokhar Synergys

Sathlokhar Synergys E&C Global is an engineering, procurement, and construction (EPC) firm. The company is involved in design-build and turnkey contracting for different sectors, including industrial, warehousing, commercial, institutional, and pharmaceutical projects, as well as solar energy facilities, hospitals, hotels, resorts, and villas. The company has worked on construction projects across 4 states – Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal. It engages in EPC projects for government agencies, participating in the tender process to secure contracts. Sathlokhar Synergys offers services including design, planning, procurement of materials, engineering, project execution, and overall project management. This includes site work from inception to commissioning. The company also handles the installation of mechanical, electrical, and plumbing (MEP) networks in construction projects.;
Founded in
2013
Managing director
Mr. G Thiyagu
Parent organisation
Sathlokhar Synergys E&C Global Ltd

Strengths & Financials of Sathlokhar Synergys

Strengths
Risks
Sathlokhar Synergys E&C Global is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2018 for occupational health & safety management systems.
The company’s revenue from operations and profit after tax (PAT) have risen steadily over the years. It rose from Rs 58.49 crore in FY22 to Rs 87.11 crore in FY23, and further to Rs 246.97 crore in FY24. Similarly, PAT has increased from Rs 0.88 crore in FY22 to Rs 5.45 crore in FY23 and Rs 26.21 crore in FY24.
The company is an authorised channel partner for Tata Power Solar Systems Ltd, providing installation, sales, commissioning, and maintenance services for solar power projects under terms mutually agreed upon with Tata Power.
Sathlokhar Synergys E&C Global's operations are largely located in Tamil Nadu and Karnataka. As of March 31, 2024, about 64% of its total revenue came from Karnataka and around 23% from Tamil Nadu. This makes it vulnerable to adverse economic, regulatory, and other regional changes in these states.
The company faces potential financial risks from certain contingent liabilities. If the company is called upon to meet these liabilities, it could impact its financial stability and operational results.
Sathlokhar Synergys E&C Global’s top 10 customers accounted for 89.20%, 80.11%, and 77.55% of total sales in FY24, FY23, and FY22, respectively. Loss or slowdown of business from any of these clients could adversely affect the company.
The company, its promoters, directors, and joint ventures are engaged in various litigation proceedings. Any adverse judgments in any of these cases could hurt the company’s business.
The company has experienced negative cash flows in the past. Any repeat of the same in the future could be detrimental to the company’s operations and growth plans.

Sathlokhar Synergys Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Sathlokhar Synergys IPO

Apply asPrice bandApply upto
Regular133 - 140₹2 - 5 Lakh
High Networth Individual133 - 140₹2 - 5 Lakh
For Sathlokhar Synergys IPO, eligible investors can apply as Regular.