Synergy Green Industries Limited IPO

Synergy Green Industries Limited

Issue Open

Sep 04, 2018

Price Band

₹ 70

Issue Size

₹ 26.46 Cr

Credit of Shares to Demat


Issue Close

Sep 11, 2018

Bid Lot


Listing Exchange


Cut off time for UPI Mandate Confirmation


Issue Type

Fixed Price Issue IPO

Minimum Order Quantity


Allotment Details


Face Value

Rs 10 Per Equity Share

Listing On

Sep 21, 2018



About the company:

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



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