Synergy Green Industries Limited IPO

Add to Calendar 2018-09-04 12:00 AM 2018-09-11 12:00 AM Asia/Kolkata Synergy Green Industries Limited IPO Synergy Green Industries Limited India

Synergy Green Industries Limited is an ISO 9001:2015 certified company engaged in the production of graded Grey Iron, Spheroidal Graphite Iron, Steel Casting and Machined Components for Non-Automotive and Industrial Applications. The company is currently capable of handling the castings ranging from 500 KG to 17 MT single piece in ductile iron and grey iron.

Date of incorporation: The company was incorporated as private limited firm named as 'Synergy Green Industries Private Limited' on 08th of October 2010. Subsequently, the company was reformed as a public limited compan as 'Synergy Green Industries Limited' on 16th February 2018.

The promoter of Synergy Green Industries Limited: Mr Sachin Rajendra Shirgaokar, Mr Sohan Sanjeev Shirgaokar, Mr Vendavagali Srinivasa Reddy and S.B. Reshellers Private Limited are the promoters of Synergy Green Industries Limited.

Products and Services Offering: Synergy Green Industries Limited offers products and services across diversified categories that consist of:

  • - Wind Turbine

  • - Wind Gearbox

  • - Pumps & Valves

  • - General Engineering

Customer Segments: Synergy Green Industries Limited has a strong and varied range of customer that are spread across national and international markets. Some of its major client lists include Vestas, Denmark, Gamesa, Enercon Germany and Siemens among others.

Objects of Synergy Green Industries Limited IPO: The core objective of this Synergy Green Industries Limited IPO are:

  • - Acquiring of Plant and Machinery.

  • - To Meet Working capital requirements.

  • - To Meet the Issue Expenses.

  • - General Corporate Purpose

Company Financials:

Summary of Financial Information (Restated)


For the year/period ended (in Rs. Lakhs)

3 -Dec-17

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

3 -Mar-13

Total Assets

1 ,726.23

9 178.72

8 253.32

6 885.80

6 514.79

5 959.28

Total Revenue

6 640.60

1 ,067.19

8 259.66

6 384.93

3 723.83

9 4.44

Profit After Tax

2 4.81

4 5.96

1 5.21

- 85.06

- 01.51


Issue Detail

  • Issue Open: Sep 04, 2018
  • Issue Close: Sep 11, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 70 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 26.46 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 1,794,000 1,794,000 - - 3,588,000
Day 1 - Sep 04, 2018IST - 0.13x 0.01x - - 0.07x
Day 2 - Sep 05, 2018IST - 0.27x 0.04x - - 0.15x
Day 3 - Sep 06, 2018IST - 0.34x 0.12x - - 0.23x
Day 4 - Sep 07, 2018IST - 0.51x 0.28x - - 0.45x
Day 5 - Sep 10, 2018IST - 0.57x 0.30x - - 0.49x
Day 6 - Sep 11, 2018IST - 1.00x 0.36x - - 1.13x

Listing Day Trading Information

Issue Price Rs 70.00 -
Open Rs 76.00 -
Low Rs 76.00 -
High Rs 81.90 -
Last Trade Rs 81.90 -
Volume 184,000 -

Synergy Green Industries Limited Red Herring Prospectus

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