Sungarner Energies IPO will be Open on 21 August 2023 and closes on 23 August 2023. The company has fixed the price of this IPO at ₹83 according to the face value of ₹10. The company will raise ₹5.31 Crores through this IPO under the 6,40,000 Equity Shares public issue, and the offer is 100% Fixed Price Issue. The company reserve quota in this IPO 50% for NII and 50% Retail Investor. You can check Sungarner Energies IPO GMP here.
Sungarner Energies Limited is a manufacturing and providing efficient and low-cost power solutions. The Company is offering a wide range of power solutions such as Solar Power, UPS, Batteries, Inverters and Solar Panels. The company provide solutions like design and engineering services in power sector to our customers. You can check Sungarner Energies IPO Allotment Status here.
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 is in the process in expanding its footprint further by appointing additional 500 Franchisee to cover all major Districts of India by end of 2025. You can check Sungarner Energies IPO subscription status here.
Objects Of The Issue :
- To meet out the Working Capital requirements of the Company;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Company Strengths :
- Experienced Management Team
- Quality Assurance and Standards
- Cordial Relationships with our Suppliers
| Read also: Upcoming IPO List 2023 |
Sungarner Energies IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹0.74 Cr ₹83/ EQ 6.35 13.07x 31.17 % 31.17 % 25.28 % 1.32 ₹19.09 ₹10.15 Cr ₹19.25 Cr 84.94 % 61.49 % |
| Team Review : | ✔ Apply For Long Term |
Sungarner Energies IPO GMP Live:
Sungarner Energies IPO GMP Or Grey Market Premium available here. The SME IPO GMP Premium updated Day By Day IPOs Running Period and the GMP Rates are Fluctuate and stable some times later. (GMP rates are Not 100% Guaranteed)
| Date | GMP | Subject Rate |
| 24 Aug 2023 | ₹-₹ | ₹ |
| 23 Aug 2023 | ₹16-₹17 | ₹20500 |
| 22 Aug 2023 | ₹14-₹15 | ₹20500 |
| 21 Aug 2023 | ₹0-₹0 | ₹0 |
Sungarner Energies IPO Date & Price Band & Details :
| Issue Offer : | Fixed Price Issue |
| IPO Open : | 21 August 2023 |
| IPO Close : | 23 August 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹83 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹5.31 Cr (6,40,000 Shares) |
| Fresh Issue : | ₹5.31 Cr (6,40,000 Shares) |
Sungarner Energies IPO Market Lot :
Sungarner Energies IPO Minimum Market lot is 1 Lot with 1600 shares with ₹132,800 Application amount. The retail investors can apply up to 1 lots with 1600 Shares or ₹132,800 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 1600 | ₹132,800 |
| Retail (Max) : | 1 | 1600 | ₹132,800 |
| S-HNI (Min) : | 2 | 3200 | ₹265,600 |
Sungarner Energies IPO Shares Offer :
A Total of 6,40,000 shares are to be bid for the public issue by Sungarner Energies IPO with 6,40,000 for Fresh issue and – for offer for sale.
| Category | Shares Offer | Amount |
| Fresh issue : | 6,40,000 | ₹5.31 Cr |
| Offer For Sale : | – | ₹- |
| Total : | 6,40,000 | ₹5.31 Cr |
Sungarner Energies IPO Net Reservation :
Sungarner Energies IPO Net Reservation of 6,40,000 shares are to be bid for the public issue by Sungarner Energies IPO with 2,91,200 for NII 2,91,200 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
| NII : | 50% | 2,91,200 | ₹2.42 Cr |
| RII : | 50% | 2,91,200 | ₹2.42 Cr |
| MMRP : | – % | 57,600 | ₹0.48 Cr |
| Total : | 100% | 6,40,000 | ₹5.31 Cr |
Sungarner Energies IPO EPS & RoNW :
The Sungarner Energies company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹6.35 | 23.18 % | ₹19.09 |
| 2022 | ₹12.35 | 36.80 % | ₹33.60 |
| 2021 | ₹3.38 | 16.11 % | ₹21.23 |
Sungarner Energies IPO Peer Comparison PE :
The Sungarner Energies, According to DRHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Insolation Energy Limited | 41.70 |
| 2. | Veer Energy | 310 |
| 3. | V Guard Industries | 65.91 |
Sungarner Energies IPO Dates :
Sungarner Energies IPO Date is 21 August 2023 and closes on 23 August 2023. The allotment will be finalized on 28 August 2023 and the IPO may list on 31 August 2023.
| Issue Open Date : | 21 August 2023 |
| Issue Close Date : | 23 August 2023 |
| Allotment Date : | 28 August 2023 |
| Refund Date : | 29 August 2023 |
| Share Credit Date : | 30 August 2023 |
| Listing Date : | 31 August 2023 |
Sungarner Energies IPO Form :
There are two ways to apply in Sungarner Energies IPO. You can apply for Sungarner Energies IPO through ASBA available in your bank account. You have to go to your online bank login and select Sungarner Energies IPO in the Invest section and apply through your bank account. Another option is you can apply Sungarner Energies IPO through IPO form download through NSE and BSE. See the Sungarner Energies IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Sungarner Energies Company Financial Report (lakh) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹1765.33 | ₹1606.32 | ₹74.31 |
| 2022 | ₹797.66 | ₹699.24 | ₹57.50 |
| 2021 | ₹536.43 | ₹498.95 | ₹15.72 |
Company Promoters :
■ Mr. Sumit Tiwari
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Sungarner Energies IPO Lead Managers :
■ Fast Track Finsec Private Limited
Sungarner Energies IPO Registrar :
Skyline Financial Services Private Limited
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I , New Delhi-110020
Tel No: +91-11-40450193-97
Fax No: +91-11-26812683
Email: [email protected]
Website: www.skylinerta.com
Note: Check Sungarner Energies IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Sungarner Energies Limited
4th Floor, IFCI Tower, 61,
Nehru Place, New Delhi – 110019
Tel No.: 011-26235703, 26235708
Email: [email protected]
Website: www.mca.gov.in
Sungarner Energies IPO FAQs :
What is Sungarner Energies IPO?
Sungarner Energies IPO is SME IPO. They are going to raise ₹5.31 Crores via IPO. The issue is priced at ₹83 per equity share. The IPO to be listed on NSE, SME.
When Sungarner Energies IPO will open?
The IPO is to open on 21 Aug – 23 Aug for QIB, NII & RII.
How much is Sungarner Energies IPO Size?
Sungarner Energies IPO size is ₹5.31 Crores.
How much is the Fresh issue size of Sungarner Energies IPO?
The Fresh issue size of Sungarner Energies IPO ₹5.31 Cr.
How much is the Offer For Sale size of Sungarner Energies IPO?
The Offer For Sale size of Sungarner Energies IPO ₹0 Cr.
What is Sungarner Energies IPO Price Band?
Sungarner Energies IPO Price Band is ₹83 Per share.
What is the Sungarner Energies IPO Minimum and Maximum Lot Size?
The minimum bid is 1600 Shares with ₹132,800 amount while the maximum bid is 1600 shares with ₹132,800.
How much is Sungarner Energies IPO Investors Portion?
The investors’ portion for QIB 0%, NII 50%, RII 50%.
When is Sungarner Energies IPO Allotment Date?
Sungarner Energies IPO allotment date is 28 August 2023.
When is Sungarner Energies IPO Listing Date?
Sungarner Energies IPO listing date is 31 August 2023. The IPO to list on NSE, SME.
How to Apply the Sungarner Energies IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Sungarner Energies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Sungarner Energies IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Sungarner Energies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Sungarner Energies IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Sungarner Energies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Sungarner Energies IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Sungarner Energies IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Sungarner Energies GMP: Click Here Sungarner Energies Subscription: Click Here Sungarner Energies Allotment: Click Here Sungarner Energies Listing: Click Here |
All Sungarner Energies IPO-related links are available here. If you want to know the details then click on Click Here Link.
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