Synergy Green Industries Rights Issue Date, Price, Market Lot, Subscription 2024

Synergy Green Industries Rights Issue Date, Price, Market Lot, Subscription 2024


Synergy Green Industries Rights Issue

Synergy Green Industries Rights Issue is scheduled on 23 Sep – 4 Oct 2024

Synergy Green Industries (SGIL) is a leading foundry based in Kolhapur, India, specializing in the production of SG Iron, Grey Iron, and Steel castings. Founded in 2010, the company has grown to employ between 201 and 500 people in India. SGIL’s global headquarters is located in Kolhapur.

The company primarily focuses on manufacturing large castings ranging from 500 Kg to 30 metric tonnes for wind turbines, wind gearboxes, and general engineering industries such as mining, pumps, and plastic injection parts. With an annual production capacity of 30,000 metric tonnes, SGIL is a leading supplier to major wind OEMs worldwide. The company also has significant capabilities in heavy engineering applications beyond the wind sector.

Synergy Green Industries Rights Issue Dates

Synergy Green Industries Rights Issue Details

Synergy Green Industries Rights Issue Date 23 Sep – 4 Oct 2024
Synergy Green Industries Rights Issue Price INR 325 per share
Issue Size (in Shares) 14,13,000 shares
Issue Size (in INR) INR 45.92 crore
Issue Entitlement 1 equity shares for every 10 equity shares held on record date
Terms of Payment Fully payable at the time of application
Synergy Green Industries Rights Issue Record Date 11 September 2024
Face Value INR 10 per share
Listing On NSE, BSE

Synergy Green Industries Rights Issue Calculation

Synergy Green Industries Rights Issue Price INR 325 per share
Market Price on Rights Issue Approval INR 402.35 per share
Dilution Factor (X) 1.1
Fair Value After Dilution at Prevailing Price INR 395.32 per share

Synergy Green Industries Financial Performance

  FY 2022 FY 2023 FY 2024
Revenue 283.77 289.71 326.31
Expenses 271.21 277.47 300.38
Operating Margin (%) 8.88 9.24 12.60
Net income 1.43 0.87 11.56
ROCE (%) 13.0 12.0 24.0
Figures in INR Crores unless specified otherwise

Synergy Green Industries Rights Offer Objectives

The net proceeds from the offer are proposed to be used for the following objective


Synergy Green Industries Rights Offer Documents


Synergy Green Industries Rights Issue Dates

Rights Issue Approval Date 5 September 2024
Rights Issue Record Date 11 September 2024
Credit of Rights Entitlement Coming soon
Rights Issue Opening Date 23 September 2024
Last Date for Market Renunciation 30 September 2024
Rights Issue Closing Date 4 October 2024
Finalization of Basis of Allotment Coming soon
Rights Allotment Date Coming soon
Credit Date Coming soon
Listing Date Coming soon

Synergy Green Industries Rights Offer Lead Manager

Coming soon


Synergy Green Industries Rights Offer Registrar

Coming soon


SYNERGY GREEN INDUSTRIES LIMITED
392 E Ward, Shahupuri,
Kolhapur – 416001, Maharashtra, India
Phone: +910231265837
E-mail: 
[email protected]
Website: www.synergygreenind.com


Synergy Green Industries Rights Offer FAQs

What is the Synergy Green Industries Rights Issue Price?

The issue price is INR 325 per share.

What is the Synergy Green Industries Rights Issue entitlement ratio?

The eligible shareholders are offered 1 Equity Shares for every 10 Equity Shares held on the record date.

What is the Synergy Green Industries Rights Issue Record Date?

The Record date is 11 September 2024.

How to Apply in Synergy Green Industries Rights Offer?

The best way to apply in Synergy Green Industries Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.



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