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Sungarner Energies Limited IPO

Sungarner Energies Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 250.00 (+201.20%)

Sungarner Energies Limited's successfully completed its Initial Public Offering and commenced trading on 31-08-2023 at the NSE exchange. The company raised 6,40,000 Shares through this public offering, comprising 6,40,000 Shares in fresh capital.

The IPO was priced within the band of ₹83 to ₹83, with minimum application lots of 1600 shares. The offering attracted significant investor interest during its subscription period from 21-08-2023 to 23-08-2023.

Share allotment was finalized on 28-08-2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Sungarner Energies IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Sungarner Energies IPO Key Performance Indicator
Company Financials ( In Lakhs )

Sungarner Energies IPO About Company

Incorporated in 2015, Sungarner Energies Limited manufactures Solar Inverters, Online UPS systems, EV Chargers, and Lead Acid Batteries. The company started as a Solar Design Engineering and EPC firm, and later diversified into power electronics and energy storage. It produces lead acid batteries ranging from 12V 40Ah to 12V 300Ah. The company has also received a WMI code for EV manufacturing and is currently at the prototype stage. Sungarner’s key markets include Haryana, UP, Bihar, Rajasthan and Assam. It operates 6 service centres in India and has started exports in the last two years to countries like Nigeria, Lebanon, Nepal, Dubai and Bhutan.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Sungarner Energies IPO Strength Factors

NA


Sungarner Energies IPO Risk Factors

NA


Sungarner Energies IPO Lead Manager(s)

  • Fast Track Finsec Private Limited

Sungarner Energies IPO Promoter(s)

  1. Mr. Sumit Tiwari
  2. Mrs. Snigdha Tiwari



Sungarner Energies IPO Company Details

Sungarner Energies Limited
Phone:
address:

Sungarner Energies IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

Sungarner Energies IPO FAQs