Sungarner Energies Limited (NSE SME)
August 21, 2023 – August 23, 2023
| Price | ₹83 - ₹83 |
| Premium | ₹70 |
|---|---|
| Lot size | 1600 |
| Allotment | Aug 28, 2023 |
| Listing | Aug 31, 2023 |
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/
Last updated on 23-Aug-2023 17:02:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 2,91,200 | 3,18,91,200 | 109.52 |
| RETAIL | 2,91,200 | 5,61,69,600 | 192.89 |
| Total | 5,82,400 | 8,80,60,800 | 151.2 |
| Retail Apps | 35,106 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 132800 | 0 |
| HNI | 2 | 3200 | 265600 | 0 |
Incorporated in 2015, Sungarner Energies Limited is engaged in the business of manufacturing Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries.
SEL started as a Design Engineering and Solar EPC company and gradually diversified into Manufacturing Power Electronics and Energy Storage Products. The company produces lead acid batteries of varying capacities in the range from 12 Volts 40 ampere-hours to 12 volts 300 ampere-hours.
SunGarner has also obtained a WMI code for the manufacturing of EV Vehicles which is currently in the prototype stage, awaiting full-scale manufacturing of EV Vehicles.
SunGarner's main clientele comes from the states of Haryana, UP, Bihar, Rajasthan, and Assam. It has 6 service Centres in India - Delhi, UP Haryana, Bihar Assam, and Bengal. The company is in the process of expanding its footprint by appointing an additional 500 Franchisees to cover all major Districts of India by the end of 2025. Also, SunGarner has also started exports in the last 2 years and has exported its products to 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.Cr. The Sungarner Energies IPO price is ₹83 per share. The IPO will list on NSE SME.
| Issue Size | 640,000 shares (aggregating up to ₹5.Cr) |
| Fresh Issue | 640,000 shares (aggregating up to ₹5.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%) |
| Shares Offered | 640,000 (100%) |
Sungarner Energies IPO Lead Manager(s)
Fast Track Finsec Pvt Ltd
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 318.19 | 536.27 | 1,014.67 |
| Revenue | 536.43 | 797.66 | 1,765.33 |
| Profit | 15.72 | 57.50 | 74.31 |
| Net Worth | 98.73 | 156.23 | 320.54 |
| Reserves | 52.23 | 109.73 | 152.66 |
| Borrowing | 103.78 | 226.62 | 424.11 |