Sathlokhar Synergys IPO

Founded in 2013, Sathlokhar Synergys E&C Global Limited, previously known as Lohats Ventures Private Limited, specialises in engineering, procurement, and construction (EPC) services for buildings and infrastructure projects. The company offers comprehensive construction services across various sectors, including industrial, warehousing, commercial, institutional, and pharmaceutical projects.

Additionally, they cater to solar projects, hospitals, hotels, resorts, and villas. Their expertise extends to the installation of mechanical, electrical, and plumbing (MEP) networks in construction projects.

Sathlokhar Synergys has successfully completed projects in four Indian states: Tamil Nadu, Karnataka, Uttar Pradesh, and West Bengal. They actively participate in competitive bidding processes to secure EPC projects for government agencies. As an authorised dealer of TATA Power Solar Systems Ltd., the company provides installation, sales, commissioning, and maintenance services for solar power products.

The company employs 118 professionals across various departments, including accounting and finance, human resources and administration, engineering and operations, procurement and material management, and safety and security. With a strong commitment to quality and efficiency, Sathlokhar Synergys E&C Global Limited continues to deliver exceptional construction solutions, contributing significantly to infrastructure development in India.

Industry Outlook:

1. Budget 2023-24 boosts infrastructure with a 33% increase, allocating ₹10 lakh crore (US$ 122 billion), 3.3% of GDP, emphasising railways and transportation.
2. India's logistics market is projected to grow at a CAGR of 8.36%, reaching US$ 50.52 billion by 2028, aiming to lower logistics costs to 8% of GDP.

Sathlokhar Synergys E&C Global IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. For working capital requirements.
2. For general corporate purposes.

Peer Details

The companies considered by Sathlokhar Synergys E&C Global as its peers include:

1. K2 Infragen Limited
2. Suraj Estate Developers Limited
3. SRM Contractors Limited

How to Check the Allotment Status of the Sathlokhar Synergys E&C Global IPO?

Steps to check IPO allotment status on Angel One’s app:

• Log in to the Angel One app
• Go to the individual order details page of the IPO that you had applied for.
• Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.

Contact Details of Sathlokhar Synergys E&C Global

• Registered office: Plot No. 5171, 9th Street, Ram Nagar North Extension, Madipakkam, Kanchipuram, Saidapet, Tamil Nadu, India- 600091
• Phone: +91 7299541122
• E-mail: investors@sathlokhar.com

IPO Financials

Know before investing

Strengths

1. Experienced promoters with 20+ years in the infrastructure industry.

2. Proven track record with 64 successful projects since 2013.

3. Strong order book worth ₹66,978.53 Lakhs in 2024.

4. Over 11 years of fast track EPC turnkey experience.

5. Established reputation for timely project execution since 2013.

6. In-house integrated model with design and engineering teams.

Risks

1. High revenue concentration in Tamil Nadu and Karnataka (87% combined).

2. Contingent liabilities of ₹2.93 lakhs may impact financial condition.

3. Competitive bidding limits assurance of future project awards.

4. Historical discrepancies in filings with ROC affect financial transparency.

5. Working capital intensive projects require significant financing arrangements.

6. Directors lack experience managing public listed company compliance.