Sungarner Energies Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

21 Aug 2023

Close Date

23 Aug 2023

Allotment

28 Aug 2023

Listing Date

31 Aug 2023

Exchange

NSE SME

Price Band

₹83

Listing Price

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Allotment Status

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Price Band

₹83

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

6,40,000 shares (aggregating up to ₹5.31 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹132,800

1 lot

Pre-IPO Holding

16,78,750 shares

Promoters

Post-IPO Holding

23,18,750 shares

Promoters

P/E (Pre)

13.07x

EPS (Pre)

₹6.35

UPI Deadline

2023-08-23

Mandate

Anchor AllotmentSun, 20 Aug 2023

Basis of AllotmentMon, 28 Aug 2023

Refund InitiationTue, 29 Aug 2023

Demat CreditWed, 30 Aug 2023

Listing DayThu, 31 Aug 2023

UPI Mandate Deadline2023-08-23

Sale TypeFresh Capital

Net Offer to Public5,82,400 shares (aggregating up to ₹4.83 Cr)

Market Maker Quota57,600 shares (aggregating up to ₹0.4781 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Sungarner Energies Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 23 Aug 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	57,600	—	₹0.48
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	640,000	100%	₹5.31

IPO Shares Offered

Sungarner Energies Ltd. IPO total issue size: ₹5.31 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	57,600	₹0.48	9.00%
Total	640,000	₹5.31	100.00%

* Based on upper price band ₹83 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹83.00

Upper Band

Min Investment

₹132,800

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹265,600
Retail (Max — 13 Lots)	13	20,800	₹1,726,400
S-HNI (Min — 14 Lots)	14	22,400	₹1,859,200
B-HNI (Min — 68 Lots)	68	108,800	₹9,030,400

* Issue Price ₹83 × Lot Size 1,600 shares

IPO Schedule

Anchor

20 Aug 2023

✓ Done

IPO Open

21 Aug 2023

✓ Done

IPO Close

23 Aug 2023

✓ Done

Allotment

28 Aug 2023

✓ Done

Refunds

29 Aug 2023

✓ Done

Demat Credit

30 Aug 2023

✓ Done

Listing Day

31 Aug 2023

✓ Done

₹83.00

INR · NSE

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Issue ₹83.00 Live Price

About Sungarner Energies Ltd.

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.

Objects of the Issue

Working Capital Requirement

General Corporate Purposes

Sungarner Energies Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹536.4

31 Mar 2021

₹797.7

31 Mar 2022

₹1,765.3

31 Mar 2023

Profit After Tax (PAT)

₹15.7

31 Mar 2021

₹57.5

31 Mar 2022

₹74.3

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	1765.33	797.66	536.43
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	74.31	57.50	15.72
Net Worth	320.54	156.23	98.73
Total Assets	1014.67	536.27	318.19
Reserves & Surplus	152.66	109.73	52.23
Borrowings	424.11	226.62	103.78
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

31.17%

RoCE

25.28%

RoNW

23.18%

Debt/Equity

1.32

Issue Structure & Shareholding

Total Shares Offered6,40,000 (100.00%)

Net Offer to Public5,82,400 shares (aggregating up to ₹4.83 Cr)

Reserved for Market Maker57,600 shares (aggregating up to ₹0.4781 Cr)

Pre-Issue Promoter Holding16,78,750 shares

Post-Issue Promoter Holding23,18,750 shares

P/BV RatioN/A

RoE31.17%

RoCE25.28%

Debt / Equity1.32

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

compliances@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Fast Track Finsec Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Sungarner Energies Ltd. IPO subscribed? ▲

Sungarner Energies Ltd. IPO is subscribed 1.00 times by Aug 23, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Sungarner Energies Ltd. IPO retail subscription status? ▼

The Sungarner Energies Ltd. IPO retail category is subscribed 1.00 times as of 23 Aug 2023. The retail portion is oversubscribed.

How to subscribe Sungarner Energies Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 21 Aug 2023 and closes 23 Aug 2023. Min investment: ₹132,800 (1 lot = 1,600 shares). UPI mandate: 2023-08-23.

How many times Sungarner Energies Ltd. IPO subscribed? ▼

The Sungarner Energies Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Sungarner Energies Ltd. IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 28 Aug 2023. Refunds: on 29 Aug 2023.

When Sungarner Energies Ltd. IPO will be listed? ▼

The Sungarner Energies Ltd. IPO listing date is 31 Aug 2023, Thursday. Listed on: NSE SME. Issue price: ₹83. Estimated listing: ₹83. GMP: NIL.

When Sungarner Energies Ltd. IPO close? ▼

The Sungarner Energies Ltd. IPO closes on 23 Aug 2023, Wednesday. UPI mandate: 2023-08-23. Allotment: 28 Aug 2023. Listing: 31 Aug 2023.

Quick Actions

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Live Price LIVE

Last Price₹83.00

Change—

Issue Price₹83.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹83

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹132,800

GMPNIL

Est. Listing₹83

Subscribed1.00x

Open Date21 Aug 2023

Close Date23 Aug 2023

Allotment28 Aug 2023

Listing Date31 Aug 2023

ExchangeNSE SME

UPI Deadline2023-08-23