Sungarner Energies Limited IPO
NSE SMEListed On: Aug 31, 2023 at ₹ 250.0
₹ 132800 /1600 Shares
Check AllotmentSungarner Energies Limited IPO Details
21 Aug, 2023
Open Date23 Aug, 2023
Close Date28 Aug, 2023
Allotment Date31 Aug, 2023
Listing DateIssue Price
₹83 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdList Price
250.0Listing Date
2023-08-31Market Lot
1600 Shares (₹132,800/-)Lead Manager
Fast Track Finsec Pvt LtdIssue Size
640,000 shares(aggregating up to ₹5.31 Cr)Retail Portion
50%Subscription
151.95 timesSungarner Energies Limited IPO Subscription 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
Earnings Per Share (EPS)
₹6.35/-P/E Ratio
13.07RoNW
31.17%Net Asset Value (NAV) - Post Issue
₹N/A/-Sungarner Energies Limited Company Financials All values are in ₹ Lakh
| 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 The 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)
Pre Issue Share Holding: 84.94%
Post Issue Share Holding: 61.49%
Company Promoter(s)
- Mr. Sumit Tiwari
- Mrs. Snigdha Tiwari
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. The size of Sungarner Energies Limited IPO is 640,000 shares(aggregating up to ₹5.31 Cr).
Ans. The IPO price band is set between ₹83 per equity share.
Ans. To apply for Sungarner Energies Limited IPO 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 allotment status for Sungarner Energies Limited IPO here.
