Sungarner Energies Limited IPO
NSE SMEListed On: Aug 31, 2023 at ₹ 250.0
₹ 265600 /3200 Shares
*Min Investment
21 Aug, 2023
Open Date23 Aug, 2023
Close Date28 Aug, 2023
Allotment Date31 Aug, 2023
Listing DateSungarner Energies Limited IPO Issue Details
- Issue Price ₹83 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 640,000 shares(aggregating up to ₹5.31 Cr)
- Listing at NSE SME
- List Price 250.0
- Listing Date 2023-08-31
- Lead Manager Fast Track Finsec Pvt Ltd
- Registrar Skyline Financial Services Private Ltd
Sungarner Energies Limited IPO Details
- Retail Portion 50%
Sungarner Energies Limited IPO Details
Sungarner Energies Limited IPO is an SME IPO, priced at ₹83 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Aug 21, 2023 to Aug 23, 2023. The allotment is expected to be finalized on Aug 28, 2023, and the tentative listing date is Aug 31, 2023.
The registrar of the IPO is Skyline Financial Services Private Ltd, and
Sungarner Energies Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 291,200 | 291,200 | 582,400 |
Day 1 21-08-23 06:00 PM | 1.48 x | 3.85 x | 2.68 x |
Day 2 22-08-23 06:00 PM | 8.79 x | 43.88 x | 26.35 x |
Day 3 23-08-23 06:00 PM | 109.52 x | 192.89 x | 151.95 x |
Sungarner Energies Limited Valuations
Sungarner Energies Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 1,014.67 | 536.27 | 318.19 |
| Revenue | 1,765.33 | 797.66 | 536.43 |
| Profit After Tax | 74.31 | 57.50 | 15.72 |
About Sungarner Energies Limited Company
Sungarner Energies Limited is engaged in the business of manufacturing Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries.
SEL started as a Design Engineering and Solar EPC company and gradually diversified into Manufacturing Power Electronics and Energy Storage Products. The company produces lead acid batteries of varying capacities in the range from 12 Volts 40 ampere-hours to 12 volts 300 ampere-hours.
SunGarner has also obtained a WMI code for the manufacturing of EV Vehicles which is currently in the prototype stage, awaiting full-scale manufacturing of EV Vehicles.
SunGarner's main clientele comes from the states of Haryana, UP, Bihar, Rajasthan, and Assam. It has 6 service Centres in India - Delhi, UP Haryana, Bihar Assam, and Bengal. The company is in the process of expanding its footprint by appointing an additional 500 Franchisees to cover all major Districts of India by the end of 2025. Also, SunGarner has also started exports in the last 2 years and has exported its products to Nigeria, Lebanon, Nepal, Dubai and Bhutan.
Sungarner Energies Limited - Promoter(s)
Mr. Sumit Tiwari
Mrs. Snigdha Tiwari
Pre Issue Share Holding : 84.94%
Post Issue Share Holding : 61.49%
Sungarner Energies Limited IPO - Issue Objectives
To meet the working capital requirements of the company
General corporate purposes
To meet issue expenses.
Sungarner Energies Limited IPO - FAQs
Ans. Sungarner Energies Limited IPO is a SME IPO. The issue is priced at ₹83 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Aug 21, 2023, and closes on Aug 23, 2023. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Sungarner Energies Limited IPO opens on Aug 21, 2023 and closes on Aug 23, 2023.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Sungarner Energies Limited IPO is 640,000 shares(aggregating up to ₹5.31 Cr).
Ans. The Sungarner Energies Limited IPO price band is set between ₹83 per equity share.
Ans. To apply for Sungarner Energies Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Sungarner Energies Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Sungarner Energies Limited IPO is Aug 28, 2023.
Ans. The Sungarner Energies Limited IPO will be listed on Aug 31, 2023.
Ans. Follow the steps to check the Sungarner Energies Limited IPO allotment status online.
