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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹5.31 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹5.31 Cr |
| Fresh Issue | ₹4.83 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹83.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SEL |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Novus Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Incorporated in 2015, 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.
SunGarner's main clientele comes from the states of Haryana, UP, Bihar, Rajasthan, and Assam. It has 6 service Centres in India - Delhi, UP Haryana, Bihar Assam, and Bengal. The company is in the process of expanding its footprint by appointing an additional 500 Franchisees to cover all major Districts of India by the end of 2025. Also, SunGarner has also started exports in the last 2 years and has exported its products to Nigeria, Lebanon, Nepal, Dubai and Bhutan.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 3.50 |
| 2 | General Corporate Purposes | 1.11 |
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 10.15 | 5.36 | 3.18 |
| Total Income | 17.65 | 7.98 | 5.36 |
| Profit After Tax | 0.74 | 0.58 | 0.16 |
| NET Worth | 3.21 | 1.56 | 0.99 |
| Reserves and Surplus | 1.53 | 1.10 | 0.52 |
| Total Borrowing | 4.24 | 2.27 | 1.04 |
| Amount in ₹ Crore | |||
| KPI | |
|---|---|
| ROE | 31.17% |
| ROCE | 25.28% |
| Debt / Equity | 1.32% |
| RoNW | 23.18% |
| PAT Margin | 4.29% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.35 | |
| P/E (x) | 13.07 | |
| Promoter Holding | 84.94% | 61.49% |
| Market Cap | ₹19.25 Cr. | |
