Incorporated in 2010, Kolhapur based Synergy Green Industries Limited (SGIL) is a company engaged in the business of foundry and manufactures castings, industrial castings, metal castings, turbine castings, steel castings and Windmill Parts.
The manufacturing Unit of the company is located in Kolhapur. It 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. The company is capable of handling castings ranging from 500 Kg to 17 MT single piece in ductile iron and grey iron.
Some of the major customers of the company are M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens.
Competitive Strengths
1. Client base includes leading names in industry M/s GE Renewable, M/s Vestas, Denmark, M/s Gamesa, M/s Enercon Germany, M/s ZF, and M/s, Siemens.
2. The strategic location of manufacturing unit brings significant cost advantage in raw material sourcing
The company has 133 employees on its payroll.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Purchase of Plant and Machinery | ₹12 |
| 2 To Meet Working Capital Requirement | ₹12 |
| 3 General Corporate Purpose | ₹1 |
| Metric | 31-Dec-17 | 31-Mar-17 | 31-Mar-16 |
|---|---|---|---|
| Total Assets | 10,726 | 9,179 | 8,253 |
| Revenue | 6,641 | 12,067 | 8,260 |
| PAT | 215 | 486 | 155 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,794,000 (47%) | — |
| Retail (RII) | — | 1,794,000 (47%) | — |
| Market Maker | — | 192,000 (5%) | — |
| Total | — | 3,780,000 (100%) | — |
* Amount calculated at upper price band (₹70) · ** Total includes all investor categories
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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