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:
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:
- Mr. Sachin Rajendra Shirgaokar (Designation: Managing Director)
- Mr. Sohan Sanjeev Shirgaokar (Designation: Joint Managing Director)
- 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)https://linkintime.co.in/PublicIssue/ |
Knowledge Corner: (Click on the Link)
| Company Contact Info: |
|---|
| Synergy Green Industries Limited 392 E Ward, Shahupuri, Kolhapur – 416001, Maharashtra, India. Tel. No. +91-0231-2658375 E-mail: info@synergygreenind.com Website: www.synergygreenind.com |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED C 101, 1st Floor, 247 Park, LBS Marg, Vikhroli (West), Mumbai, Maharashtra, India – 400083. Telephone: + 91 22 49186200; Facsimile: +91 22 49186195 Email: synergygreen.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| SWASTIKA INVESTMART LIMITED 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: investorgreivance@swastika.co.in Website: www.swastika.co.in |
