Sungarner Energies Limited is offering wide range of power solutions such as Solar Power, UPS, Batteries, and Inverters. The company is also engaged in the trading of solar panel business.
Sungarner Energies Limited produces lead acid batteries of varying capacities in the range from 12 Volts 40 ampere-hour to 12 volts 300 ampere-hours.
The company has already established distribution network in some of the key markets like Haryana, UP, Bihar, Rajasthan, and Assam. SunGarner Today has 6 (six) service Centres in India – Delhi, UP Haryana, Bihar Assam, Bengal.
SunGarner has also started exports in last 2 years and has exported its products to Nigeria, Lebanon, Nepal, Dubai and Bhutan.
SunGarner Solar EPC Division has till date commissioned more than 50 (fifty) large Solar Projects in last 8 years. Some of the prestigious projects that the company has commissioned for their customers like Interglobe Enterprises, DLF, Jubilant Life Sciences, Eli Lilly, Modi Xerox, V N Dyers and Textiles, The ITC Hotels Delhi, The India Thermit Nagpur, Sarovar Portico Lucknow, Satyam Hospital Ludhiana, Dayawati Modi School Rampur to name a few.
Sungarner Energies IPO – Details
| IPO Opening Date | 21 August 2023 |
| IPO Closing Date | 23 August 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 6,40,000 Shares Worth ₹5.31 Crore Fresh Issue: 6,40,000 Shares Worth ₹5.31 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹83 |
| Market Lot | 1600 Share |
| Min Order | 1600 Share (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Sungarner Energies IPO – Date Schedule
| IPO Open Date | 21 August 2023 |
| IPO Close Date | 23 August 2023 |
| Basis of Allotment | 28 August 2023 |
| Initiation of Refund | 29 August 2023 |
| Credit of Shares to Demat Account | 30 August 2023 |
| IPO Listing Date | 31 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 23 Aug, 2023 |
Sungarner Energies IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,32,800 |
| Retail (Maximum) | 1 | 1600 | 1,32,800 |
| HNI (Minimum) | 2 | 3200 | 2,65,600 |
Competitive Strengths
- Good track record;
- Government support to Power industry.
- Leveraging the experience of the company’s Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with their consumers;
- Quality assurance and control.
Company Promoters
- Mr. Sumit Tiwari
- Mrs. Snigdha Tiwari
Object Of The Issue
- To meet Working Capital Requirements.
- General Corporate Purposes.
- Issue related expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 5.36 | 4.99 | 0.16 | 0.25 |
| 31 March 2022 | 7.97 | 6.99 | 0.57 | 0.56 |
| 31 March 2023 | 17.65 | 16.06 | 0.74 | 0.20 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 13.07 |
| ROE | 31.17 |
| ROCE | 25.28 |
| Debt/Equity | 1.32 |
| EPS (Rs) | 6.35 |
| RoNW | 23.18 |
Sungarner Energies IPO Promoter Holding
| Pre Issue Share Holding | 84.92% |
| Post Issue Share Holding | 61.47% |
Sungarner Energies IPO Prospectus
Company Contact Information
| Sungarner Energies Limited 1/5322, S/F, Plot No. 19A, Gali No.13, Balbir Nagar Ext., New Delhi- 110032, India Phone: +917428296411 Email: cfo@sungarner.com Website: www.sungarner.com |
Sungarner Energies IPO Registrar
| Skyline Financial Services Private Limited Phone: +91- 11-40450193-97 Email: compliances@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Sungarner Energies IPO Lead Manager(s)
| 1. Fast Track Finsec Private Limited |
Sungarner Energies IPO FAQs
| What is Sungarner Energies IPO? Sungarner Energies IPO is a SME IPO. The issue is priced at ₹83 per equity share. The IPO is to be listed on NSE SME. |
| When Sungarner Energies IPO will open? The IPO is to open on 21 August 2023 for NII and Retail Investors. |
| How to Sungarner Energies IPO? You can apply Sungarner Energies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Sungarner Energies IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Sungarner Energies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Sungarner Energies IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Sungarner Energies”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Sungarner Energies IPO Size? Sungarner Energies IPO size is ₹5.31 crores. |
| What is Sungarner Energies IPO Price Band? Sungarner Energies IPO Price Band is ₹83. |
| What is Sungarner Energies IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,32,800 amount while the maximum bid is 1600 shares with ₹1,32,800. |
| What is the Sungarner Energies IPO Allotment Date? Sungarner Energies IPO allotment date is 28 August 2023. |
| What is the Sungarner Energies IPO Listing Date? Sungarner Energies IPO listing date is 31 August 2023. The IPO is to list on NSE SME. |
