The Sungarner Energies IPO started on August 21, 2023, and ended on August 23, 2023. Shares were allocated on August 28, 2023, and refund processes began on August 29, 2023. On August 30, 2023, the shares were credited to investors demat accounts. Sungarner Energies was officially listed on the stock exchange on August 31, 2023.
During the IPO, Sungarner Energies offered shares at a price range of ₹83 per share, and the lot size was 1600 shares. The total issue size was ₹5.31 crores, with ₹5.31 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Sungarner IPO Subscription Update Video
Sungarner Energies IPO Subscription Status
The Sungarner Energies IPO on August 23, 2023 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 Basic Details
| Company Name | Sungarner Energies Limited |
| Domain of Company | Manufacturing Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries |
| IPO Open Date | August 21, 2023 |
| IPO Close Date | August 23, 2023 |
| IPO Allotment Date | August 28, 2023 |
| 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 |
About Sungarner Energies Limited
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 has since diversified into manufacturing power electronics and energy storage products. The company manufactures lead acid batteries with capacities ranging from 12 Volts 40 ampere-hours to 12 volts 300 ampere-hours.
SunGarner has also secured a WMI code for the production of EV Vehicles, which is currently in the prototype stage and awaiting full-scale manufacturing.
SunGarner primarily serves clients in the states of Haryana, Uttar Pradesh, Bihar, Rajasthan, and Assam. It operates six service centers across India, located in Delhi, Uttar Pradesh, Haryana, Bihar, Assam, and Bengal. The company is actively expanding its presence by appointing an additional 500 franchisees to cover all major districts of India by the end of 2025. Additionally, SunGarner has initiated exports in the past two years, successfully shipping its products to Nigeria, Lebanon, Nepal, Dubai, and Bhutan.
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Sungarner Energies IPO FAQs
What is the start and end date of Sungarner Energies IPO Subscription?
The Sungarner Energies IPO started on August 21, 2023, and ended on August 23, 2023.
When does Sungarner Energies IPO Subscription open?
The Sungarner Energies IPO open on August 21, 2023.
When does Sungarner Energies IPO Subscription close?
The Sungarner Energies IPO Close on August 23, 2023.
What is the allotment date of Sungarner Energies IPO?
The allotment date for Sungarner Energies IPO is August 28, 2023.
When is the initial refund date of Sungarner Energies IPO?
The initial Refund date for Sungarner Energies IPO is August 29, 2023.
When were the shares credited to investors demat accounts for the Sungarner Energies IPO?
The shares for the Sungarner Energies IPO were credited to investors demat accounts on August 30, 2023.
When will Sungarner Energies IPO be listed on the stock market?
Sungarner Energies IPO stock market will be listed on August 31, 2023 at 10 am.
What was the price range of the Sungarner Energies IPO shares?
The Sungarner Energies IPO shares were offered at a price range of ₹83 per share.
What was the lot size for the Sungarner Energies IPO shares?
The lot size for the Sungarner Energies IPO shares was 1600 shares.
What was the total issue size of the Sungarner Energies IPO?
The total issue size of the Sungarner Energies IPO was ₹5.31 crores.
How were the shares allocated among different types of investors for the Sungarner Energies IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Sungarner Energies IPO listed?
The Sungarner Energies IPO was listed on the NSE SME.
What is the Sungarner Energies IPO Subscription Status?
Sungarner Energies IPO is subscribed 152.40 Times.
