Synergy Green Industries Limited is ready to enter in the primary market with its SME public issue, with an aim to raise Rs 26.46 crore.
The ipo will open from Sep 4 and expected to close on Sep 7. and the price band has been fixed at Rs 70 per equity share.
It is ISO 9001:2015 certified and doing a business of foundry and manufactures castings, industrial castings, metal castings, turbine castings, steel castings, Windmill Parts and more products.
The company is getting more customer from outside ogf India including M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens an more.
SWASTIKA INVESTMART LIMITED is the book running manager while Link Intime India Private Ltd is as registrar for Synergy ipo.
Synergy Green Industries has plan to use this fund for purchase of plant and machinery, working on capital requirement, Corporate Purpose and Issue Expenses as well.
Currently it has around 133 employees on its payroll
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Synergy Green Industries IPO & Issue Details
|Subscription Dates||4 – 7 September 2018|
|Issue Price Band||INR 70|
|Minimum bid (lot size)||2000 Shares|
|Minimum Lot Amount||INR 140000|
|Face Value||INR 10 per share|
|IPO Size||INR 26.46 Cr|
|Issue Type||Fixed Price Issue IPO|
|Listing At||BSE SME|
Synergy Green IPO Financial Performance (in INR Crore)
Synergy Green IPO Subscription Status
|Category||Day 1||Day 2||Day 3||Day 4||Day 4||Day 4|
Synergy Green IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: 4 Sept 2018
- Bid/Offer Closes On: 7 Sept 2018
- Basis of Allotment: On or about – 14 Sept 2018
- Refunds Status: On or about – 17 Sept 2018
- Credit of Equity Shares to demat accounts: On or about – 18 Sept 2018
- Listing Date: On or about – 19 Sept 2018
Allotment Status – Synergy Green Industries IPO : Check Here
Synergy Green IPO Issue Object
- Purchase of Plant and Machinery
- Meet Working Capital Requirement
- General Corporate Purpose
- Meet the Issue Expenses
Synergy Green Industries IPO Prospectus:
Synergy Green Industries IPO Lead Manager(s):
- SWASTIKA INVESTMART LIMITED
Synergy Green IPO Promoters:
- Mr. Sachin Rajendra Shirgaokar
- Mr. Sohan Sanjeev Shirgaokar
- Mr. Vendavagali Srinivasa Reddy
- S. B. Reshellers Private Limited
Company Contact Information:
Synergy Green Industries Limited
392 E Ward
Kolhapur – 416001
Email: [email protected]