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Sungarner Energies IPO is a fixed price issue of Rs 5.31 crores. The issue is entirely a fresh issue of 6.4 lakh shares.
Sungarner Energies IPO bidding started from August 21, 2023 and ended on August 23, 2023. The allotment for Sungarner Energies IPO was finalized on Monday, August 28, 2023. The shares got listed on NSE SME on August 31, 2023.
Sungarner Energies IPO price is ₹83 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹132,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹265,600.
Fast Track Finsec Pvt Ltd is the book running lead manager of the Sungarner Energies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Sungarner Energies IPO is Nikunj Stock Brokers.
Refer to Sungarner Energies IPO RHP for detailed information.
| IPO Date | August 21, 2023 to August 23, 2023 |
| Listing Date | August 31, 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 |
Sungarner Energies IPO offers 640,000 shares. 291,200 (45.50%) to NII, 291,200 (45.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| 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 opens on August 21, 2023, and closes on August 23, 2023.
| IPO Open Date | Monday, August 21, 2023 |
| IPO Close Date | Wednesday, August 23, 2023 |
| Basis of Allotment | Monday, August 28, 2023 |
| Initiation of Refunds | Tuesday, August 29, 2023 |
| Credit of Shares to Demat | Wednesday, August 30, 2023 |
| Listing Date | Thursday, August 31, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 23, 2023 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 | |||
Mr. Sumit Tiwari and Mrs. Snigdha Tiwari are the company's promoters.
| Share Holding Pre Issue | 84.94% |
| Share Holding Post Issue | 61.49% |
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.
| 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 |
The market capitalization of Sungarner Energies IPO is Rs 19.25 Cr.
| KPI | Values |
|---|---|
| ROE | 31.17% |
| ROCE | 25.28% |
| Debt/Equity | 1.32 |
| RoNW | 23.18% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.35 | |
| P/E (x) | 13.07 |
[Dilip Davda] The company operates in a highly competitive and fragmented segment. It reported an average financial performance and its IPO price discounts all near-term positives. The small paid-up equity capital indicates a longer gestation period for migration. Well-informed investors may park funds for long-term rewards. Read detail review...
The Sungarner Energies IPO is subscribed 152.40 times on August 23, 2023 7:29:00 PM. The public issue subscribed 192.93 times in the retail category, times in the QIB category, and 110.59 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 110.59 |
| Retail | 192.93 |
| Total | 152.40 |
Total Application : 35,114 (192.93 times)
| Listing Date | August 31, 2023 |
| BSE Script Code | |
| NSE Symbol | SEL |
| ISIN | INE0O3O01017 |
| Final Issue Price | ₹83 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹83.00 |
| ₹250.00 |
| ₹237.50 |
| ₹262.50 |
| ₹262.35 |
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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Sungarner Energies IPO is a SME IPO of 640,000 equity shares of the face value of ₹10 aggregating up to ₹5.31 Crores. The issue is priced at ₹83 per share. The minimum order quantity is 1600 Shares.
The IPO opens on August 21, 2023, and closes on August 23, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sungarner Energies IPO using UPI as a payment gateway. Zerodha customers can apply in Sungarner Energies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sungarner Energies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sungarner Energies IPO opens on August 21, 2023 and closes on August 23, 2023.
Sungarner Energies IPO lot size is 1600 Shares, and the minimum amount required is ₹132,800.
You can apply in Sungarner Energies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sungarner Energies IPO will be done on Monday, August 28, 2023, and the allotted shares will be credited to your demat account by Wednesday, August 30, 2023. Check the Sungarner Energies IPO allotment status.
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