Synergy Green Industries Limited IPO Review (Date, Price)

Synergy Green Industries Limited is engaged in the business of foundry. This company is mainly manufacturing castings, industrial castings, turbine castings, steel castings, metal castings and windmill Parts. It is Kolhapur based company. In this article, you will get entire details regarding Synergy Green Industries Limited IPO Review along with issue details. Apart from the Synergy Green Industries Limited IPO Review, you will get all the desired details of the company through this article.

About Synergy Green Industries Limited IPO Review Issue Details :

  • IPO Opens on – September 04, 2018.
  • IPO Closes on – September 07, 2018.
  • Issue Type – Fixed Price Issue IPO.
  • Face Value – Rs. 10 Per Equity Share.
  • Issue Price – Rs. 70 Per Equity Share.
  • Issue Size – 3,780,000 Equity Shares of Rs 10 aggregating up to Rs 26.46 Cr.
  • Market Lot – 2000 shares.
  • Minimum Order Quantity – 2000 shares.
  • Listing Exchange – BSE SME Exchange.
  • DRHP – Download.

Objectives of the issue :

  • Purchase of Plant and Machinery.
  • To Meet Working Capital Requirement.
  • General Corporate Purpose.
  • To Meet the Issue Expenses.

About The Company –

  • Synergy Green Industries Limited is incorporated in 2010.
  • This company’s manufacturing unit is situated at Kolhapur, Maharashtra.
  • Synergy Green Industries Limited is from Ugar Sugar group.
  • This company provides quality metal casting services by keeping the production methods up to the standards.
  • Synergy Green Industries Limited is ISO 9001;2015 certified company.
  • This company is committed to manufacturing and supply of graded Grey Iron, Spheroidal Graphite Iron, Steel castings in Raw and Machined condition.
  • Synergy Green Industries Limited has 133 employees on its payroll.
  • All Employees of this company are eligible to make protected disclosures under the Policy.
  • The total area of Synergy Green Industries Limited is 11,412 Sq.m. and factory area is 9,648 Sq.m.

Products of the company :

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Synergy Green Industries Limited

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  • Diffuser.
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  • Eccentric23.
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Synergy Green Industries Ltd

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  • Cannon Tube.
  • Main Bearing Housing.
  • Gear Box Housing.
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Synergy Green Industries Pvt Ltd

Location :

Synergy Green Ind. Ltd. –

Work Shop: C 18, five-star MIDC HATKANANGALE, KAGAL Kolhapur, Maharashtra – 416216, India.

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Office: 392, E-Ward, Shahupuri Post Box No. 201 Kolhapur 416001 Maharashtra.

Synergy Green Ltd Unit – II –

Work Shop: Plot No. C-16, MIDC, Gokul Shirgaon Kolhapur 416234 Maharashtra.

S. B. Reshellers Pvt. Ltd. Unit – III –

Work Shop: Plot No E-1/2, Fivestar, Kagal-Hatkanangale, MIDC Kolhapur 416216 Maharashtra.

The promoters of Synergy Green Industries Limited :

  • Mr. Sachin Rajendra Shirgaokar, aged 52 Years, is the Managing Director and the Promoter of this company.
  • Mr. Sohan Sanjeev Shirgaokar, aged 35 Years, is the Joint Managing Director and the Promoter of this company.
  • Mr. Vendavagali Srinivasa Reddy, aged 48 Years, is the Whole Time Director and the Promoter of this company.
  • S. B. Reshellers Private Limited is the Promoter of this company.

The Board of Directors of the company :

  • Mr. Sachin Rajendra Shirgaokar, aged 52 years, is Managing Director, Promoter of this company.
  • Mr. Sohan Sanjeev Shirgaokar, aged 35 years, is the Joint Managing Director, Promoter of this company.
  • Mr. Vendavagali Srinivasa Reddy aged 48 years, is the Whole Time Director of this company.
  • Mr. Rajendra Vinayak Shirgaokar, aged 82 years, is Chairman, Non-Executive Director of this company.
  • Mr. Prafulla Vinayak Shirgaokar, aged 79 years, is the Non-Executive Director of this company.
  • Mr. Shishir Suresh Shirgaokar, aged 73 Years, is the Non-Executive Director of this company.
  • Mr. Chandan Sanjeev Shirgaokar, aged 40 Years, is the Non-Executive Director of this company.
  • Mr. Niraj Shishir Shirgaokar, aged 46 Years, is the Non-Executive Director of this company.
  • Mr. Jeevan Vasant Shirgaokar, aged 61 Years, is the Non-Executive Director of this company.
  • Mr. Anant Shriniwas Huilgol, aged 78 Years, is the Non-Executive Director of this company.
  • Mrs. Prabha Prakash Kulkarni, aged 74 Years, is the Non-Executive Independent Director of this company.
  • Mr. Mallappa Rachappa Desai, aged 71 Years, is the Non-Executive Independent Director of this company.
  • Mr. Dattaram Pandurang Kamat, aged 68 Years, is the Non-Executive Independent Director of this company.
  • Mr. Abhay Satyendra Nevagi, aged 61 Years, is the Non-Executive Independent Director of this company.
  • Mr. Meyyappan Shanmugam, aged 48 Years, is the Non-Executive Independent Director of this company.

Name of Shareholding Directors of this company :

  • Prafulla Vinayak Shirgaokar.
  • Shishir Suresh Shirgaokar.
  • Chandan Sanjeev Shirgaokar.
  • Sohan Sanjeev Shirgaokar.
  • Anant Shriniwas Huilgol.
  • Niraj Shishir Shirgaokar.
  • Jeevan Vasant Shirgaokar.
  • Rajendra Vinayak Shirgaokar.
  • Sachin Rajendra Shirgaokar.
  • Mallappa Rachappa Desai.
  • Vendavagali Srinivasa Reddy.

Company Financials :

synergy green industries limited ipo review

Synergy Green Industries Limited IPO Review :

The above attachment is the previous five years record of the company. The financial track record is not good enough. The PAT (Profit After Tax) is in a decreasing level, last 2 FY PAT is quite low that the previous years. Let’s have a look at the prospectus of the company. The prospectus is termed as draft red herring prospectus. Let’s look at the fundamental details of the company. Earnings Per Share or EPS (Basics and Diluted) stands at 9.72 as per the FY17. Price to Earnings (P/E Ratio) based on the basic and diluted EPS of FY 17 is at 7.20. Annual RoNW (Return on Net Worth) is not given in the DRHP of the company. NAV/Share is at 11.61 as per the last three-quarters of the FY17-18. Based on the fundamental data, it is clear that the company is still in a developing level. Therefore, Synergy Green Industries Limited IPO Review holds a NEUTRAL view.

Ankita has done her Diploma Engineering in Computer Science & Technology. She is pursuing her degree in Engineering and also well experienced in the equity market and real estate related content writing. She is the one who has developed the technical indicators section of our site.



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