Sungarner Energies IPO Details ( Sungarner Energies Limited IPO Review )
(21 Aug 2023 – 23 Aug 2023)
Founded in 2015, Sungarner Energies Limited specializes in the production of Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries.
Initially established as a Design Engineering and Solar EPC company, SEL progressively ventured into Manufacturing Power Electronics and Energy Storage Products. The company manufactures a range of lead acid batteries with capacities spanning from 12 Volts 40 ampere-hours to 12 volts 300 ampere-hours.
Furthermore, SunGarner has acquired a WMI code for EV Vehicle production, currently in the prototype phase, poised for full-scale manufacturing.
SunGarner primarily serves clients in Haryana, UP, Bihar, Rajasthan, and Assam, maintaining 6 service centers across India in Delhi, UP Haryana, Bihar, Assam, and Bengal. To expand its reach, the company plans to appoint an additional 500 Franchisees, covering major Indian districts by the close of 2025. Moreover, SunGarner has recently commenced exports, delivering products to Nigeria, Lebanon, Nepal, Dubai, and Bhutan within the last 2 years.
Sungarner Energies Limited Company Product
- Solar Invertors
- Rooftops
- Inverter Batteries
- Online UPS
- PV Module
Sungarner Energies Limited IPO Competitive Strength
- Experienced Management Team
- Quality Assurance and Standards
- Cordial Relationships with our Suppliers
- Improving operational efficiencies
- Expand geographical reach
- Strengthening our brand
- Training our employees
- To build-up a professional organization
Sungarner Energies IPO Financials Performance ( Results )
Sungarner Energies Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 318.19 | 536.43 | 15.72 | 3.38 | 98.73 | 21.23 | 52.23 | 103.78 |
| 31-Mar-22 | 536.27 | 797.66 | 57.50 | 12.36 | 156.23 | 33.60 | 109.73 | 226.62 |
| 31-Mar-23 | 1,014.67 | 1,765.33 | 74.31 | 6.35 | 320.54 | 19.09 | 152.66 | 424.11 |
Objective of IPO Issue
- To meet the working capital requirements of the company
- General corporate purposes
- To meet issue expenses
Sungarner Energies IPO Basic Details
| IPO Date | Aug 21, 2023 to Aug 23, 2023 |
| Listing Date | Thursday, August 31, 2023 |
| Face Value | ₹10 per share |
| Price | ₹83 per share |
| Lot Size | 1600 Shares |
| Issue Size | 640,000 shares of ₹10 (aggregating up to ₹5.31 Cr) |
| Fresh Issue | 640,000 shares of ₹10 (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 |
| Company Promoters | Mr. Sumit Tiwari |
Sungarner Energies IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Sungarner IPO Timetable
Sungarner IPO will open on August 21, 2023 and close on August 23, 2023. You can join Sungarner IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 21 August 2023 (Monday) |
| Closing Date | 23 August 2023 (Wednesday) |
| Basis of Allotment | 28 August 2023 (Monday) |
| Initiation of Refunds | 29 August 2023 (Tuesday) |
| Credit of Shares to Demat | 30 August 2023 (Wednesday) |
| Listing Date | 31 August 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 23 August 2023 |
Sungarner Energies IPO Lot Size
For retail investors in Sungarner Energies IPO, 1,600 shares will come in 1 lot or the minimum investment will be ₹132,800. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹132,800.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1,600 | ₹132,800 |
| Retail (Max) | 1 | 1,600 | ₹132,800 |
| S-HNI (Min) | 2 | 3,200 | ₹265,600 |
Sungarner Energies IPO Promoter Holding
The company’s promoters include Mr. Sumit Tiwari.
| Pre Issue Share Holding | 84.94% |
| Post Issue Share Holding | 61.49% |
Sungarner Energies Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | Coming Soon |
| Earning Per Share (EPS) | ₹6.35 per Equity Share |
| Net Asset Value (NAV) | ₹19.09 per Equity Share |
| P/E Ratio (P/E) (x) | 13.07 |
| Return on Net Worth (RoNW) (%) | 31.17 |
| Return on equity (ROE) (%) | 31.17 |
| Return on Capital Employed (ROCE) (%) | 25.28 |
| Debt/Equity Ratio | 1.32 |
Sungarner Energies Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Sungarner Energies Limited | Standalone | 83.00 | 10.00 | 6.35 | 13.07 | 23.18 | 19.09 |
| Peer Group | |||||||
| Insolation Energy Limited | Standalone | 213.90 | 10.00 | 0.76 | 41.7 | 12.72 | 23.20 |
| Veer Energy & Infrastructure Limited | Standalone | 12.36 | 10.00 | 0.02 | 310 | 0.04 | 42.56 |
| V Guard Industries Limited | Standalone | 303.85 | 1.00 | 4.15 | 65.91 | 12.56 | 36.74 |
Sungarner Energies IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 28 August 2023 | ₹45 | – | – |
| 27 August 2023 | ₹45 | – | – |
| 26 August 2023 | ₹45 | – | – |
| 25 August 2023 | ₹28 | – | – |
| 24 August 2023 | ₹28 | – | – |
| 23 August 2023 | ₹28 | – | – |
| 22 August 2023 | ₹28 | – | – |
| 21 August 2023 | ₹17 | – | – |
| 20 August 2023 | ₹17 | – | – |
| 19 August 2023 | ₹0 | – | – |
Sungarner Energies IPO Detail Video:
Sungarner Energies IPO Subscription Status (Bidding Detail)
The Sungarner Energies IPO on August 23, 2023 at 7:30:00 PM was subscribed 152.40 times, with the retail category being subscribed 192.93 times, the other category being subscribed 110.59 times.
| Category | Subscription |
| Other | 110.59x |
| Retail | 192.93x |
| Total | 152.40x |
Sungarner Energies IPO Prospectus
| Sungarner Energies IPO DRHP | Download |
| Sungarner Energies IPO RHP | Download |
| Sungarner Energies IPO Anchor Investors Details PDF | Download |
Sungarner Energies IPO Rating
| Our Rating | 3.5/5.0 |
Sungarner Energies Company Contact Information
Sungarner Energies Limited
Registered Office: 1/5322, S/F, Plot No. 19A, Gali No.13,
Balbir Nagar Ext., New Delhi- 110032, India
Corporate Office: Plot No. 113, Udyog Kendra-II, Greater Noida,
Gautam Budh Nagar, Uttar Pradesh- 201306, India
Tel: +91-7428296411
Website: www.sungarner.com
E-mail: legal@sungarner.com; cfo@sungarner.com
Company Secretary and Compliance Officer: Ms. Kavita Wadhwa
Promoter (S): Mr. Sumit Tiwari
Sungarner Energies IPO Registrar
Skyline Financial Services Private Limited
Registered Office: D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Tel No: +91-11-40450193-97
Fax No: +91-11-26812683
Contact Person: Ms. Rati Gupta
Email: compliances@skylinerta.com
Website: www.skylinerta.com
SEBI Registration No.: INR000003241
Sungarner Energies IPO Lead Manager
Fast Track Finsec Private Limited
Registered Office: B-502, Statesman House, 148, Barakhambha Road,
New Delhi – 110 001
Tel No.: +91-11-43029809
Contact Person: Mr. Vikas Kumar Verma
Email: vikasverma@ftfinsec.com; investor@ftfinsec.com
Website: www.ftfinsec.com
SEBI Registration No.: INM000012500
Sungarner Energies IPO FAQs
What is the lot size of Sungarner Energies IPO?
The total size of Sungarner Energies IPO is ₹5.31 crores and this is a complete fresh Issue.
When will Sungarner Energies IPO start?
Sungarner Energies IPO will open from 21 August 2023 and IPO will close on 23 August 2023.
What is the open date of Sungarner Energies IPO?
Sungarner Energies IPO will open date from 21 August 2023.
What is the last date ( close date ) of Sungarner Energies IPO?
Sungarner Energies IPO will close from 23 August 2023.
What is the price band of Sungarner Energies IPO?
Sungarner Energies IPO price band is ₹83.
What is the minimum amount required to apply for Sungarner Energies IPO?
The minimum investment for retailers to apply for Sungarner Energies IPO is ₹132,800 and the maximum investment is ₹132,800.
What is going on gray market premium of Sungarner Energies IPO?
View gray market premium of Sungarner Energies IPO by Clicking Here
How much is the GMP of Sungarner Energies IPO?
Watch Sungarner Energies IPO GMP Today: Click Here
What is the allotment date of Sungarner Energies IPO?
The allotment date of Sungarner Energies IPO is 28 August 2023.
How to check allotment status in Sungarner Energies IPO?
To check the allotment status of Sungarner Energies IPO, first of all go to the registrar website by clicking here, select your bad Sungarner Energies IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Sungarner Energies IPO?
The listing date of Sungarner Energies IPO is 31 August 2023.
How much will be the listing gain in Sungarner Energies IPO?
View listing gain of Sungarner Energies IPO by Clicking Here
How much time Sungarner Energies IPO is subscribed?
Total 152.40 times subscribed in Sungarner Energies IPO out of which 192.93 times subscription was done in retail quota, 110.59 times subscription in other quota.
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