Synergy Green Industries Limited IPO (Synergy Green IPO) Detail
ABOUT THE COMPANY:
Synergy Green Industries Limited is a Kolhapur based company engaged in the business of foundry and manufactures castings, industrial castings, metal castings, turbine castings, steel castings and Windmill Parts. The manufacturing Unit of the company is located in Kolhapur.
It is ISO 9001:2015 certified for Manufacture of Graded Grey Iron, Spheroidal Graphite Iron and Steel Casting and Machined Components for Non-Automotive and Industrial Applications. The company is capable of handling castings ranging from 500 Kg to 17 MT single piece in ductile iron and grey iron.
Synergy Green Industries Limited‘S Plant is equipped with MAGMA simulation software, Furan no-bake moulding plant, Induction melting furnace and an entire range of testing equipment’s to meet stringent quality specifications. Our Company consists of three segments namely Wind Turbine, Wind Gear Box and General Engineering (Non-Wind Segment) like Mining equipment, Pump and Valve Industry Plastic Injection machines, traction motors and small casting.
The Promoters is having experience of more than decades and their hard work and continuous innovation of products, today Synergy Green Industries Limited have become one of the renowned as a largest automated fast loop molding line for large castings. As part of our in-house State of the art IT facilities with the latest technology like MAGMA flow and thermal simulation software, well-established pattern supply chain including CNC route, continuous sand mixers 3 Nos, Mould compaction table and transfer cars and Fast loop moulding line simulation.
Major customers of the company are M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens.
For the period ended December 31, 2017, our Company’s Total Income and Restated Profit after Tax was Rs. 6,640.60 Lacs and Rs.214.81 Lacs, respectively. For the year ended March 31, 2017, our Company’s Total Income and Restated Profit after Tax were Rs.12,067.19 Lacs and Rs. 485.96 Lacs, respectively. For the year ended March 31, 2016, our Company’s Total Income and Restated Profit after Tax was Rs. 8,259.66 Lacs and Rs. 155.21 Lakhs respectively, compared to our Company’s Total Income and Restated Loss after Tax of Rs. 6,384.93 Lacs and Rs. 685.06 Lacs respectively, over previous year ended i.e. March 31, 2015.
The company has 133 employees on its payroll.
Promoters And Management:
The Promoters of our Company are
(1)Mr. Sachin Rajendra Shirgaokar
(2)Mr. Sohan Sanjeev Shirgaokar,
(3)Mr. Vendavagali Srinivasa Reddy and
(4)S. B. Reshellers Private Limited.
They are holding 76,16,196 Equity Shares constituting 73.59% of the issued and paid-up Equity Share capital of the Company. The Promoter and Promoter Group will continue to hold the majority of the post Issue paid-up equity share capital of the Company.
S. B. Reshellers Private Limited was incorporated in 1949 and is engaged in the business of Reshelling of sugar mill rollers, machine shop, steel fabrication, designing, manufacturing, developing, improving, hiring, repairing, buying, selling and dealing in forging and casting of ferrous and non-ferrous material.
Financials of Synergy Green Industries Limited IPO :
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||214.81||485.96||155.21||(685.06)||(901.51)||(905.28)|
Objects of Synergy Green Industries Limited IPO:
1. Purchase of Plant and Machinery
2. To Meet Working Capital Requirement
3. General Corporate Purpose
4. To Meet the Issue Expenses
Synergy Green Industries Limited IPO Details:
|Open Date:||Sep 04 2018|
|Close Date:||Sep 07 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||26.46 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 70 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Sep 17 2018|
Company Contact Information:
Synergy Green Industries Limited
392 E Ward
Kolhapur – 416001
Synergy Green Industries Limited IPO Registrar:
Link Intime India Private Ltd
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
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