Sungarner Energies Ltd
Price Range
₹83
Min. Quantity
1,600
Closes on
23 August 2023
Min. investment
₹1,32,800/1,600 Shares
Sungarner Energies Ltd IPO Timeline
Sungarner Energies Limited was originally incorporated as a Private Company as 'Sungarner Energies Private Limited' dated April 30, 2015. Subsequently, Company was converted into Public Company and the name of the Company was changed to 'Sungarner Energies Limited' on November 17, 2022, with the Registrar of Companies, Delhi.
| Event | Date |
|---|---|
| Sungarner Energies Ltd IPO Opening Date | 21 August 2023 |
| Sungarner Energies Ltd IPO Closing Date | 23 August 2023 |
| Basis of Allotment | 28 August 2023 |
| Initiation of Refunds | 29 August 2023 |
| Credit of Shares to Demat | 30 August 2023 |
| Sungarner Energies Ltd IPO Listing Date | 31 August 2023 |
Sungarner Energies Ltd IPO Details
| Sungarner Energies Ltd IPO Date | 21 August 2023 to 23 August 2023 |
| Sungarner Energies Ltd IPO Face Value | ₹10 per share |
| Sungarner Energies Ltd IPO Price | ₹83 to ₹0 per share |
| Sungarner Energies Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹5.31 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹5.31 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Sumit Tiwari, Snigdha Tiwari |
Sungarner Energies Ltd IPO Lot Size
The Sungarner Energies Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,32,800).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,32,800 |
| Maximum | 1 | 1,600 | ₹1,32,800 |
- Strengths
- Risks
- Opportunities
- Good track record;
- Government support to Power industry.
- Leveraging the experience of its Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with its consumers;
- Quality assurance and control.
Company Financials
Sungarner Energies Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 18.44 | 18.13 | 1.04 |
| 03-2023 | 10.15 | 17.65 | 0.74 |
| 03-2022 | 5.36 | 7.98 | 0.57 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Working Capital Requirement
- General Corporate Purposes
Sungarner Energies Ltd IPO Promoter Holding
| Pre Issue Share Holding | 73.45% |
| Post Issue Share Holding | 53.17% |
Sungarner Energies Ltd IPO Subscription Status (Bidding Detail)
The Sungarner Energies Ltd IPO is subscribed 138.195 times on 23 August 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 138.195 |
Sungarner Energies Ltd IPO Prospectus
Sungarner Energies Ltd IPO Listing Date
| Listing Date | 31 August 2023 |
| BSE Script | 78826 |
| NSE Symbol | SEL |
| Listing In | NSE - SME |
| ISIN | INE0O3O01017 |
| IPO Price | ₹83 |
| Face Value | ₹10 |
Company Contact Information
1/5322 S/F Plot No. 19AGali No. 13 Balbir Nagar Ext.,New Delhi-110032
Phone: 917428296411
Email: legal@sungarner.com ; cfo@sungarner.com
Website: www.sungarner.com
Sungarner Energies Ltd IPO Registrar
Sungarner Energies Ltd IPO Lead Manager(s)
- Fast Track Finsec Pvt Ltd
FAQ
What is the issue size of Sungarner Energies Ltd IPO?
I have pre-applied for Sungarner Energies Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.