Sungarner Energies Limited IPO (Sungarner Energies IPO)

Sungarner Energies Limited IPO
Upcoming Sungarner Energies IPO | New Sungarner Energies IPO

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

Sungarner Energies IPO – Details

IPO Opening Date21 August 2023
IPO Closing Date23 August 2023
Issue TypeFixed Price Issue IPO
Issue Size6,40,000 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 Lot1600 Share
Min Order1600 Share (1 Lot)
Listing AtNSE SME
RegisterSkyline Financial Services Private Limited
Other Shares Offered50%
Retail Shares Offered50%

Sungarner Energies IPO – Date Schedule

IPO Open Date21 August 2023
IPO Close Date23 August 2023
Basis of Allotment28 August 2023
Initiation of Refund29 August 2023
Credit of Shares to Demat Account30 August 2023
IPO Listing Date31 August 2023
Cut-off time for UPI mandate confirmation5 PM on 23 Aug, 2023

Sungarner Energies IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)116001,32,800
Retail (Maximum)116001,32,800
HNI (Minimum)232002,65,600

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.
Sungarner Energies IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20215.364.990.160.25
31 March 20227.976.990.570.56
31 March 202317.6516.060.740.20
Amount in ₹ Crore

Key Performance Indicator

P/E (x)13.07
EPS (Rs)6.35

Sungarner Energies IPO Promoter Holding

Pre Issue Share Holding84.92%
Post Issue Share Holding61.47%

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

Sungarner Energies IPO Registrar

Skyline Financial Services Private Limited

Phone: +91- 11-40450193-97

Sungarner Energies IPO Lead Manager(s)

1. Fast Track Finsec Private Limited

Sungarner Energies IPO FAQs

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.
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