The Sungarner Energies IPO commenced on August 21, 2023, and concluded on August 23, 2023. The allotment of shares took place on August 28, 2023, and the initiation of refunds began on August 29, 2023. The shares were credited to the demat accounts of investors on August 30, 2023. Finally, the listing of Sungarner Energies on the stock exchange occurred on August 31, 2023.
The Sungarner Energies IPO was priced at ₹83 per share, with a lot size of 1600. The total issue size was ₹5.31 crores, comprising a fresh issue of ₹5.31 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the other quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Sungarner Energies IPO Basic Details
| Company Name | Sungarner Energies Limited |
| Domain of Company | Manufacturing Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries |
| Sungarner Energies IPO GMP Today | ₹28 |
| Sungarner Energies IPO Listing Gain | 33.73% |
| Sungarner Energies IPO Open Date | August 21, 2023 |
| Sungarner Energies IPO Close Date | August 23, 2023 |
| Sungarner Energies IPO Allotment Date | August 28, 2023 |
| Sungarner Energies IPO Listing Date | 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 |
| Company Promoters | Mr. Sumit Tiwari |
Sungarner Energies IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| 28 August 2023 | ₹45 | 54.22% | – | – |
| 27 August 2023 | ₹45 | 54.22% | – | – |
| 26 August 2023 | ₹45 | 54.22% | – | – |
| 25 August 2023 | ₹28 | 33.73% | – | – |
| 24 August 2023 | ₹28 | 33.73% | – | – |
| 23 August 2023 | ₹28 | 33.73% | – | – |
| 22 August 2023 | ₹28 | 33.73% | – | – |
| 21 August 2023 | ₹28 | 33.73% | – | – |
| 20 August 2023 | ₹0 | 0.00% | – | – |
| 19 August 2023 | ₹0 | 0.00% | – | – |
Sungarner Energies IPO Details:
Founded in 2015, Sungarner Energies Limited (SEL) specializes in the production of Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries. Initially, SEL began as a Design Engineering and Solar EPC company but has since diversified into manufacturing Power Electronics and Energy Storage Products, including lead acid batteries ranging from 12 Volts 40 ampere-hours to 12 volts 300 ampere-hours.
Furthermore, SunGarner has acquired a WMI code for the production of EV Vehicles, currently in the prototype phase, with plans for full-scale manufacturing. The company’s primary customer base hails from Haryana, UP, Bihar, Rajasthan, and Assam, and it operates six service centers across India, including Delhi, UP, Haryana, Bihar, Assam, and Bengal.
SunGarner is actively expanding its presence by appointing an additional 500 franchisees, aiming to cover all major districts of India by the end of 2025. Over the past two years, the company has also ventured into exports, successfully delivering its products to countries such as Nigeria, Lebanon, Nepal, Dubai, and Bhutan.
Sungarner Energies IPO More Details Click Here
Sungarner Energies IPO FAQs
When is Sungarner Energies IPO open?
Sungarner Energies IPO will open on 21 August 2023.
When is Sungarner Energies IPO Close?
Sungarner Energies IPO will be closed on 23 August 2023.
What is Sungarner Energies IPO GMP Today?
The Sungarner Energies IPO GMP aka Grey Market Premium is ₹45.
What is Sungarner Energies IPO Kostak Rates Today?
The Sungarner Energies IPO Kostak Rate is ₹000.
What is Sungarner Energies IPO Subject to Sauda Price Today?
The Sungarner Energies IPO subject to sauda rates is ₹000.
Sungarner Energies IPO Expected Returns?
The Sungarner Energies expected return is 54.22%.
How much will be the listing gain in Sungarner Energies IPO?
Sungarner Energies IPO will get listing gain of 54.22%. (Approx.)
