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SME IPO Status: Listed [21st Aug 2023 to 23rd Aug 2023]
Sungarner Energies Limited is launching its IPO at NSE Emerge. The Fresh issue size for this IPO is defined as 640,000 equity shares worth of Rs 5.31 Cr. You can apply in this IPO from 21 Aug to 23 2023. The face value of each share is Rs 10 and the issue price is fixed at Rs 83 per share along with the minimum quantity of lot size 1600 shares or its multiples.
Keep visiting this website to get updated information about IPO details of Sungarner Energies Limited including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 21st Aug 2023 |
| SME IPO Issue Closing Date: | 23rd Aug 2023 |
| SME IPO Issue Price: | ₹83.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 50.00% of the Offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹5.31 Cr |
| Fresh Issue: | ₹5.31 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 84.94% |
| Promoter Holding Post IPO: | 61.49% |
| Allotment Status: | Allotment Status |
| NSE Code: | SEL |
Get important updates regarding Sungarner Energies SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 28th Aug 2023 |
| Refunds Initiation* | 29th Aug 2023 |
| Credit of Shares to Demat* | 30th Aug 2023 |
| SME IPO Listing Date* | 31st Aug 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹83.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹132800 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 31-08-2023 | 83.00 | 45 | 54700 | ₹128 (54.22%) | 31-Aug-2023 10:27 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Sungarner Energies Limited was established in 2015 and offers a wide range of energy solutions such as solar energy, UPS, batteries, inverters and solar modules. The company offers its customers solutions such as design and engineering services in the energy sector. At the beginning of its journey, “SEL” was a design and solar EPC company, and gradually diversified into manufacturing power electronics and energy storage products. Today, Sungarner Energies Limited is also engaged in manufacturing solar inverters, online systems UPS, EV chargers and lead-acid batteries. SunGarner has also obtained the WMI code for e-vehicle manufacturing (however, the company is only developing a prototype and has not yet started large-scale e-vehicle manufacturing).
Sungarner Energies Limited manufactures lead-acid batteries with various capacities ranging from 12 volts 40 amp-hours to 12 volts 300 amp-hours. Today, SunGarner Energies Limited products are available through its distributors in the United States. To succeed in the lead-acid battery business, distribution and brand awareness, along with product quality, are the backbone of sales growth. SunGarner is also an integrated solar energy solutions provider, offering its customers engineering, procurement and construction (“EPC”) services. The company strives to deliver reliable solar solutions through innovative products and achieves this primarily through its specialized production line for high-efficiency PV modules and comprehensive EPC solutions.
The company provides engineering projects and products to its various clients in India and overseas. It focuses on reliable, efficient and cost-effective energy solutions. The company's services include design, engineering and implementation of off-grid and grid-connected solar power plants. In-house research and development have enabled us to develop application-oriented products.
| Incorporation | Sector | IPO Issue Size | Website |
| 2015 | Solar Energy | ₹5.31 Cr | https://www.sungarner.com/ |
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 291,200 (50%) | 291,200 (50%) | 582,400 | |
| 1 | 21st Aug 2023 19:31 | 1.48x | 3.85x | 2.68x |
| 2 | 22nd Aug 2023 19:29 | 8.79x | 43.88x | 26.35x |
| 3 | 23rd Aug 2023 19:31 | 110.59x | 192.93x | 152.40x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 318.19 | 536.27 | 1,014.67 |
| Revenue | 536.43 | 797.66 | 1,765.33 |
| Profit After Tax | 15.72 | 57.50 | 74.31 |
| Net Worth | 98.73 | 156.23 | 320.54 |
| Reserves and Surplus | 52.23 | 109.73 | 152.66 |
| Total Borrowing | 103.78 | 226.62 | 424.11 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Sungarner Energies Limited | 6.35 | 19.09 | 13.07 | 23.18 | Standalone | |
| Insolation Energy Limited | 0.76 | 23.2 | 41.7 | 12.72 | Standalone | |
| Veer Energy & Infrastructure Limited | 0.02 | 42.56 | 310 | 0.04 | Standalone | |
| V Guard Industries Limited | 4.15 | 36.74 | 65.91 | 12.56 | Standalone |
Last Updated on 04-Sep-2023 06:02:53
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sungarner Energies SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sungarner Energies SME IPO with Zerodha.
Alternate approch to apply in Sungarner Energies SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Sungarner Energies SME IPO Review and Important Updates
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To subscribe or apply in Sungarner Energies SME IPO, you can use the following methods:
| Sungarner Energies SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Sungarner Energies SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Sungarner Energies SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Sungarner Energies SME IPO. Most of the Syndicate Banks provide access to apply in Sungarner Energies IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sungarner Energies SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Sungarner Energies SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Sungarner Energies SME IPO Review and Important Updates
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Sungarner Energies SME IPO is going to be list on 31-08-2023. NSE Code for Sungarner Energies is SEL.
Other relevant questions:
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Sungarner Energies SME IPO Allotment Date is 28-08-2023.
Other relevant questions:
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