Sungarner Energies IPO GMP Details
Sungarner Energies Limited (SEL), Incorporated in 2015, operates within the realm of manufacturing Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries.
Commencing its journey as a Design Engineering and Solar EPC entity, SEL progressively diversified its operations into the production of Power Electronics and Energy Storage Products. The company specializes in crafting lead acid batteries with a spectrum of capacities, ranging from 12 Volts 40 ampere-hours to 12 volts 300 ampere-hours.
SunGarner has also secured a WMI code for the eventual manufacturing of Electric Vehicle (EV) Vehicles. Currently in the prototype phase, the company anticipates venturing into full-scale production of EV Vehicles in the future.
The core customer base of SunGarner primarily originates from states such as Haryana, Uttar Pradesh, Bihar, Rajasthan, and Assam. The company has strategically established 6 service centers across India, located in key regions like Delhi, Uttar Pradesh, Haryana, Bihar, Assam, and Bengal. In an ambitious expansion initiative, SunGarner aims to broaden its reach by enlisting an additional 500 Franchisees, with the objective of encompassing all major districts of India by the culmination of 2025. Moreover, the company has embraced the path of international trade by initiating exports over the last two years. Its products have successfully reached destinations including Nigeria, Lebanon, Nepal, Dubai, and Bhutan.
Objects of the Issue
The funds generated from the issue will be allocated for the subsequent objectives:
- Addressing the company’s working capital necessities.
- Fulfilling general corporate objectives.
- Catering to the expenses associated with the issue.
Sungarner Energies IPO Details
The Sungarner Energies IPO is categorize as a Fixed Price Issue. The overall size of the IPO stands at Rs 5.31 Crores. The IPO price for Sungarner Energies is set at ₹83 per share. The listing of the IPO is planned on the NSE SME platform.
IPO Date | Aug 21, 2023 to Aug 23, 2023 |
Listing Date | 28 August 2023 |
Face Value | ₹10 per share |
Price | ₹83 per share |
Lot Size | 1600 Shares |
Total Issue Size | 640,000 shares (aggregating up to ₹5.31 Cr) |
Fresh Issue | 640,000 shares (aggregating up to ₹5.31 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 1,678,750 |
Share holding post issue | 2,318,750 |
Market Maker portion | 57,600 shares Nikunj Stock Brokers |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Sungarner Energies IPO Reservation
Other Shares Offered | 50% |
Retail Shares Offered | Not less than 50.00% of the Offer |
Sungarner Energies IPO Lot Size
The minimum lot size of this Sungarner Energies IPO is 1600 shares required is ₹132,800.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹132,800 |
Retail (Max) | 1 | 1600 | ₹132,800 |
HNI (Min) | 2 | 3,200 | ₹265,600 |
Sungarner Energies IPO Dates
Sungarner Energies IPO opens on Aug 21, 2023, and closes on Aug 23, 2023.
IPO Open Date | Monday, 21 August 2023 |
IPO Close Date | Wednesday, 23 August 2023 |
Basis of Allotment | Monday, 28 August 2023 |
Initiation of Refunds | Tuesday, 29 August 2023 |
Credit of Shares to Demat | Wednesday, 30 August 2023 |
Listing Date | Thursday, 31 August 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on Aug 23, 2023 |
Sungarner Energies Limited Financial Report
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
---|---|---|---|
Assets | 318.19 | 536.27 | 1,014.67 |
Revenue | 536.43 | 797.66 | 1,765.33 |
Profit After Tax | 15.72 | 57.50 | 74.31 |
Net Worth | 98.73 | 156.23 | 320.54 |
Reserves and Surplus | 52.23 | 109.73 | 152.66 |
Total Borrowing | 103.78 | 226.62 | 424.11 |
Key Performance Indicator of Sungarner Energies Ltd
KPI | Values |
---|---|
P/E (x) | 13.07 |
ROE | 31.17% |
ROCE | 25.28% |
Debt/Equity | 1.32 |
EPS (Rs) | 6.35 |
RoNW | 31.17% |
Sungarner Energies IPO Promoter Holding
Mr. Sumit Tiwari and Mrs. Snigdha Tiwari are the company’s promoters.
Pre Issue Share Holding | 84.94% |
Post Issue Share Holding | 61.49% |
Sungarner Energies Contact Information
Sungarner Energies Limited
1/5322, S/F, Plot No. 19A,
Gali No.13, Balbir Nagar Ext.,
New Delhi- 110032
Phone: +917428296411
Email: legal@sungarner.com
Website: https://www.sungarner.com/
Sungarner Energies IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Sungarner Energies IPO FAQs
What is Sungarner Energies IPO?
Sungarner Energies IPO is a SME IPO consisting of 640,000 equity shares with a face value of ₹10, aggregating up to ₹5.31 Crores. The IPO is priced at ₹83 per share. The minimum order quantity is 1600 Shares.
When does Sungarner Energies IPO open and close?
The Sungarner Energies IPO opens for subscription on August 21, 2023, and closes on August 23, 2023.
Who is the registrar for Sungarner Energies IPO?
Skyline Financial Services Private Ltd is the registrar for the Sungarner Energies IPO.
On which exchange will Sungarner Energies shares be listed?
The shares from the Sungarner Energies IPO are proposed to be listed on the NSE SME platform.
How can I apply for Sungarner Energies IPO through Zerodha?
Zerodha customers can apply for Sungarner Energies IPO online using UPI as a payment gateway. The process involves logging into Zerodha Console, navigating to the IPOs section, selecting ‘Sungarner Energies IPO’, entering UPI ID, Quantity, and Price, and then submitting the IPO application form. Approval through the UPI App is required to complete the process.
What is the lot size of Sungarner Energies IPO?
The lot size for Sungarner Energies IPO is 1600 Shares, and the minimum investment required is ₹132,800.
How can I apply for Sungarner Energies IPO?
You can apply for Sungarner Energies IPO online using UPI or ASBA as the payment method. ASBA IPO application is accessible through the net banking of your bank account, while UPI IPO application is provided by brokers who do not offer banking services.
When will Sungarner Energies IPO allotment be finalized?
The finalization of Basis of Allotment for Sungarner Energies IPO is expected to be completed by Monday, August 28, 2023. The allotted shares will be credited to your demat account by Wednesday, August 30, 2023. You can check the Sungarner Energies IPO allotment status for confirmation.
When is Sungarner Energies IPO listing date?
The listing date for Sungarner Energies IPO is yet to be announced. The tentative date for the listing is Thursday, August 31, 2023.