Listing Details
- Listing Exchange NSE SME
- Listing Date 31-Aug-23
- IPO Price Range ₹ 83
- Listing Price ₹ 250
- Listing Change 201.2%
- Last Traded Price ₹ 215
- Current Change 159.0%
Sungarner Energies IPO Details
- Open Date 21-Aug-23
- Close Date 23-Aug-23
- Lot Size 1600
- IPO Size ₹ 5.31 Cr
- IPO Price Range ₹ 83
- Min Investment ₹ 132800
- Listing Exchange NSE SME
- Basis of Allotment 28-Aug-23
- Refunds 29-Aug-23
- Credit to Demat Account 30-Aug-23
- Listing Date 31-Aug-23
Sungarner Energies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 21-Aug-23 | - | 1.48 | 3.85 | 2.68 |
| 22-Aug-23 | - | 8.79 | 43.88 | 26.35 |
| 23-Aug-23 | - | 110.59 | 192.89 | 152.38 |
Sungarner Energies IPO Synopsis
Sungarner Energies IPO is all set to open from 21st August to 23rd August 2023. Sungarner Energies Limited is engaged in the business of manufacturing Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries. It is launching a fresh issue of 6,40,000 equity shares worth ₹5.31 cr. The share allotment date is 28th August and the listing date is 31st August 2023. The fixed price of the IPO is ₹83 per equity share with a lot size of 1600 shares.
Fast Track Finsec Pvt Ltd is the book-running lead manager for this IPO, while Skyline Financial Services Private Ltd is the registrar.
Objectives of Sungarner Energies IPO:
Sungarner Energies plans to utilize the raised capital from IPO to:
● Fulfill the working capital requirements
● For general corporate purposes
● To meet issue expense
About Sungarner Energies
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.
Peer Comparison
● Insolation Energy Limited
● Veer Energy & Infrastructure Limited
● V Guard Industries Limited
For More Information:
Webstory on Sungarner Energies IPO
Sungarner Energies IPO GMP
Sungarner Energies Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 17.32 | 7.94 | 5.36 |
| EBITDA | 1.59 | 9.84 | 3.74 |
| PAT | 0.46 | 0.19 | 0.07 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 10.15 | 5.36 | 3.18 |
| Share Capital | 1.68 | 0.46 | 0.46 |
| Total Borrowings | 64.33 | 58.56 | 53.15 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -2.22 | -0.68 | 0.09 |
| Net cash from / (used in) investing activities | -0.34 | -0.41 | -0.12 |
| Net cash flow from / (used in) financing activities | 2.60 | 1.08 | 0.07 |
| Net increase (decrease) in cash and cash equivalents | 0.04 | -0.01 | 0.04 |
Sungarner Energies IPO Key Points
-
Strengths
1. Experienced Management Team.
2. Quality Assurance and Standards
3. Cordial Relationships with Suppliers
-
Risks
1. The company do not have long term contracts with its suppliers and therefore, there may be potential unavailability of raw materials in future which may adversely affect its business operations.
2. The present promoters of the company are first generation entrepreneurs.
3. The company was unable to work on its full potential and utilized its full capacity for the production and manufacturing of products.
4. The company has negative cash flows from its operating activities, investing activities and its financing activities in the current and past years.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Please keep below documents handy:
- PAN Card
- Aadhar Card
- Bank Account Number
Sungarner Energies IPO FAQs
What is the minimum lot size and investment required for the Sungarner Energies IPO?
The minimum lot size of Sungarner Energies IPO is 1600 shares and the investment required is ₹1,32,800.
What is the price band of Sungarner Energies IPO?
Tthe price band of Sungarner Energies IPO is ₹83.
When does the Sungarner Energies IPO opens and closes?
Sungarner Energies IPO is open from 21st August to 23rd August 2023.
What is the size of the Sungarner Energies IPO issue?
The total size of Sungarner Energies IPO is ₹5.31 cr.
What is the allotment date of the Sungarner Energies IPO?
The share allotment date of Sungarner Energies IPO is the 28th of August.
What is the Sungarner Energies IPO listing date?
The Sungarner Energies IPO will be listed on the 31st of August.
Who are the book runners for the Sungarner Energies IPO?
Fast Track Finsec Pvt Ltd is the book-running lead manager for Sungarner Energies IPO.
What is the objective of Sungarner Energies IPO?
Sungarner Energies plans to utilize the raised capital from IPO to:
1. Fulfill the working capital requirements
2. For general corporate purposes
3. To meet issue expense
How to apply for the Sungarner Energies IPO?
To apply for Sungarner Energies IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Sungarner Energies IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Sungarner Energies IPO
Contact Information
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/
Sungarner Energies IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Sungarner Energies IPO Lead Manager
Fast Track Finsec Pvt Ltd.