Synergy Green Industries Ltd
Issue Analysis :
| Issue opens | Sept.04, 2018 |
| Issue Closes | Sept. 07, 2018 |
| Issue Price | Rs 70 |
| Lot Size | 2000 |
| Issue Size | 26.46 Cr |
| Lead Manager | Swastika Investmart Limited |
| Registrar | Link Intime India Private Ltd. |
| Platform | BSE |
Company’s Snapshot :
Synergy Green Industries is engaged in the business of foundry i.e. manufacturing of castings, industrial castings, turbine castings, metal castings, steel castings and Windmill Parts. The company 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. It is capable of handling the castings ranging from 500 Kg to 17 MT single piece in ductile iron and grey iron.
Its plant – located in Kolhapur – is equipped with MAGMA simulation software, Furan no bake moulding plant, Induction melting furnace and entire range of testing equipment’s to meet stringent quality specifications. The company organizes its business in three segments – 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.
Object of the Issue:
The objects of the Issue are to:
- Purchase of Plant and Machinery
- Working Capital Requirement
- General Corporate Purpose
- Issue Expenses
Financial Highlights :
| Synergy Green’s financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 37.2 | 63.8 | 82.6 | 120.7 | 103.1 | |
| Total expenses | 46.5 | 71.5 | 81.5 | 116.6 | 100.2 | |
| Profit after tax | -9.0 | -6.9 | 1.6 | 4.9 | 4.7 | |
Company Promoters:
The Promoters of the Company are:
- Mr Sachin Rajendra Shirgaokar,
- Mr Sohan Sanjeev Shirgaokar,
- Mr Vendavagali Srinivasa Reddy
- S B Reshellers Private Limited
Contact Company Information:
Synergy Green Industries Limited
392 E Ward
Shahupuri,
Kolhapur – 416001
Phone: +91 0231 2658375
Email: info@synergygreenind.com
Website: www.synergygreenind.com
For Beeline Assistance: Contact Here