Synergy Green Industries Ltd

Synergy Green Industries
About the Company:

Synergy Green Industries Limited (SGIL) (Incorporated in 2010) is engaged in the business of foundry i.e. manufacturing of castings, industrial castings, turbine castings, metal castings, steel castings and Windmill Parts.

Company Started as a green filed foundry project during 2011 and entered in commercial operation in June 2012.

Company is an 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.

Company is capable to handle the castings ranging from 500 Kg to 17 MT single piece in ductile iron and grey iron.

Company’s Plant 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.

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.

Over the years Company has become one of the renowned as largest automated fast loop moulding line for large castings.

Company is having major supplier of Wind Turbine like M/s Vestas, Denmark, M/s Gamesa, M/s GE Renewable and M/s Enercon Germany, Wind Gear Box customer like M/s ZF and M/s Siemens etc.


Company’s Capacity Utilization:

capacity utilization


Competitors for the Company:

  • Kalyani Forge Limited
  • Ramkrishna Forgings Limited
  • S.E Forge Limited
  • Bradken India Limited


Diversified Client Base.

Company has maintained long-standing relationship with major customers such as like M/s Vestas, Denmark, M/s Gamesa, M/s GE Renewable and M/s Enercon Germany, M/s ZF and M/s Siemens.


Management Team:

  1. Mr. Sachin Rajendra Shirgaokar (Designation: Managing Director)
  2. Mr. Sohan Sanjeev Shirgaokar (Designation: Joint Managing Director)
  3. Mr.Vendavagali Srinivasa Reddy (Designation: Whole Time Director)


Objectives of the Issue:

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


Financials of the Company:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 37.23 63.84 82.59 120.67 103.13
Net Profit (-9.01) (-6.85) 1.55 4.85 4.66


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Synergy Green Industries Ltd 10 6.96 10.06 52.01% 13.37
Ramkrishna Forgings Ltd 10 29.00 19.30 4.00% 232.90
Kalyani Forge Limited 10 18.00 16.90 4.50% 293.40


IPO Details:

Details Info
Issue Opens on 4th September 2018
Issue Closes on:. 7th September 2018
Issue Price Rs.70
Face Value Rs.10
Minimum Lot 2000 shares
Minimum Investment Rs.1,40,000
Issue Constitutes 26.75%
Issue Size Rs.26.44 cr
Market Cap Rs.98.91 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 37,80,000
Equity Shares Prior to the Issue 1,03,50,000
Equity Shares after the Issue 1,41,30,000


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV) Debt/Equity Ratio.(Post Issue)
6.96 10.06 52.01% 13.37 1.82



Check IPO Allotment Status:

Link InTime Website (Click on the below Link)


Knowledge Corner: (Click on the Link)

How to become a Successful Investor?
Questions to Ask Before You Buy a Stock?
Guidelines for Investing in IPOs
Important Tips For Investing in an IPO.
Frequently Asked Questions on IPO.
Important Ratios you Should Know.
NSE & BSE Holiday List For the Year 2018
Upcoming Mainline IPO
Upcoming SME IPO



Company Contact Info:
Synergy Green Industries Limited
392 E Ward, Shahupuri,
Kolhapur – 416001, Maharashtra, India.
Tel. No. +91-0231-2658375


IPO Registrar Info:
C 101, 1st Floor, 247 Park, LBS Marg,
Vikhroli (West), Mumbai,
Maharashtra, India – 400083.
Telephone: + 91 22 49186200;
Facsimile: +91 22 49186195


Lead Manager to the Issue:
305, Madhuban Building, Cochin Street,
S.B.S. Road, Fort, Mumbai, Maharashtra – 400 001.
Tel No.:+91–22–2265 5565
Fax No.:+91–22–664 4300
Investor Email: