Established in 2015, Sungarner Energies Limited is actively involved in the manufacture of Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries.
Originally founded as a Design Engineering and Solar EPC enterprise, SEL gradually diversified its operations into the production of Power Electronics and Energy Storage Products. The company’s portfolio includes lead acid batteries with capacities ranging from 12 Volts and 40 ampere-hours to 12 volts and 300 ampere-hours.
SunGarner has secured a WMI code for the development of EV Vehicles, which is currently in the prototype phase, poised for the full-scale production of electric vehicles.
The primary customer base of SunGarner hails from Haryana, Uttar Pradesh, Bihar, Rajasthan, and Assam. With service centers strategically positioned across India – in Delhi, Uttar Pradesh, Haryana, Bihar, Assam, and Bengal – the company is actively expanding its reach. The ambitious plan involves appointing an additional 500 Franchisees by the end of 2025, encompassing all major Districts of India. Furthermore, SunGarner has embarked on an export journey in the last two years, successfully delivering products to countries such as Nigeria, Lebanon, Nepal, Dubai, and Bhutan.
Sungarner Energies IPO Details #
Sungarner Energies IPO is a Fixed Price Issue. The IPO total issue size is Rs 5.31 Cr. The Sungarner Energies IPO price is ₹83 per share. The IPO will list on NSE SME.
| IPO Date | Aug 21, 2023 to Aug 23, 2023 |
| Listing Date | [.] |
| 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 |
Sungarner Energies IPO Reservation #
Sungarner Energies IPO a total of 640,000 shares are offered. RII: 291,200 (45.50%), NII: 291,200 (45.50%).
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 57,600 (9.00%) |
| Other Shares Offered | 291,200 (45.50%) |
| Retail Shares Offered | 291,200 (45.50%) |
| Total Shares Offered | 640,000 (100%) |
Sungarner Energies IPO Timetable (Tentative) #
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 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 |
| Lot Size Calculator | |||
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% |
Company Financials #
| 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 #
| KPI | Values |
|---|---|
| P/E (x) | 13.07 |
| ROE | 31.17% |
| ROCE | 25.28% |
| Debt/Equity | 1.32 |
| EPS (Rs) | 6.35 |
| RoNW | 23.18% |
Objects of the Issue #
- To meet the working capital requirements of the company,
- General corporate purposes, and
- To meet issue expenses.
Sungarner Energies IPO Subscription Status (Bidding Detail) #
The Sungarner Energies IPO is subscribed 0.25 times on Aug 21, 2023 11:31:00 AM. The public issue subscribed 0.69 times in the retail category, [.] times in the QIB category, and 0.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.01 | 2,91,200 | 3,200 |
| Retail | 0.70 | 2,91,200 | 2,03,200 |
| Total | 0.26 | 5,82,400 | 1,48,800 |
Total Application : 127 (0.70 times)
*Market Maker portion is not included to NII/HNI.
Sungarner Energies IPO Prospectus #
Company Contact Information #
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 Lead Manager(s) #
FAQs #
What is the detail of Sungarner Energies IPO? #
The IPO of Sungarner Energies Limited involves a fresh issue of 640,000 shares, aggregating up to ₹5.31 Crores.
What type of IPO is Sungarner Energies IPO? #
Sungarner Energies IPO is of Fixed Issue Type.
How was the financial performance of Sungarner Energies IPO? #
The company reported an average financial performance.
What is the subscription status of Sungarner Energies IPO? #
The subscription status of Sungarner Energies IPO is available live on BSE and NSE.
When will the IPO allotment status be available for Sungarner Energies IPO? #
The IPO allotment status for Sungarner Energies is not available currently. The process takes about 6 working days from the closing date.
Please note that some specific details are not available due to the limitations of the available information. For more accurate and updated information, it’s recommended to refer to the official sources and resources.
