SunGarner Energies IPO description – At the start of its journey, the company was a design engineering and solar EPC company and gradually diversified into manufacturing of power electronics and energy storage products. Today, SunGarner Energies is also into manufacturing of Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries. SunGarner has also obtained WMI code for manufacturing of EV Vehicles (although it has only developed prototype and has not started full scale manufacturing of EV Vehicles).
SunGarner Energies produces lead acid batteries of varying capacities in the range from 12 Volts 40 ampere-hour to 12 volts 300 ampere-hours. Today, SunGarner Products are available through its distributors in the key markets like Haryana, UP, Bihar, Rajasthan, and Assam. SunGarner has 6 service centres in India – Delhi, UP Haryana, Bihar Assam, Bengal.
Promoters of SunGarner Energies – Mr Sumit Tiwari and Mrs Snigdha Tiwari
Table of Contents
SunGarner Energies IPO Details
| SunGarner Energies IPO Dates | 21 – 23 August 2023 |
| SunGarner Energies IPO Price | INR 83 per share |
| Fresh issue | 6,40,000 shares (INR 5.31 crore) |
| Offer For Sale | NIL |
| Total IPO size | 6,40,000 shares (INR 5.31 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,32,800) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
SunGarner Energies – Issue Objectives
- Working Capital requirements of the company – INR 3.5 crore
- General Corporate Purposes – INR 1.11 crore
- Issue Expenses – INR 0.7 crore
SunGarner Energies Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 536.43 | 793.79 | 1,731.80 |
| Expenses | 498.95 | 699.24 | 1,606.32 |
| Net income | 15.72 | 57.50 | 74.31 |
SunGarner Energies Offer News
- SunGarner Energies RHP
- SunGarner Energies Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
SunGarner Energies Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.38 | 12.36 | 6.35 |
| PE ratio | – | – | 13.07 |
| RONW (%) | 16.11 | 36.80 | 23.18 |
| NAV | 21.23 | 33.60 | 19.09 |
| ROCE (%) | 14.35 | 32.84 | 25.28 |
| EBITDA (%) | 6.99 | 12.40 | 9.18 |
| Debt/Equity | 0.26 | 1.45 | 1.32 |
SunGarner Energies IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 30 August 2023 | 45 | – | 40,000 |
| 29 August 2023 | 45 | – | 40,000 |
| 28 August 2023 | 45 | – | 50,000 |
| 24 August 2023 | 18 | – | 21,000 |
| 23 August 2023 | 20 | – | 21,000 |
SunGarner Energies IPO Subscription – Live Updates
| Category | NII | Retail | Total |
|---|---|---|---|
| Shares Offered | 348,800 | 291,200 | 640,000 |
| 23 Aug 2023 | 92.50 | 192.89 | 138.18 |
| 22 Aug 2023 | 7.46 | 43.09 | 23.67 |
| 21 Aug 2023 | 1.48 | 5.17 | 3.16 |
SunGarner Energies IPO Allotment Status
SunGarner Energies IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
SunGarner Energies IPO Dates & Listing Performance
| IPO Opening Date | 21 August 2023 |
| IPO Closing Date | 23 August 2023 |
| Finalization of Basis of Allotment | 28 August 2023 |
| Initiation of refunds | 29 August 2023 |
| Transfer of shares to demat accounts | 30 August 2023 |
| IPO Listing Date | 31 August 2023 |
| Opening Price on NSE SME | INR 250 per share (up 201.20%) |
| Closing Price on NSE SME | INR 262.35 per share (up 216.08%) |
SunGarner Energies Offer Lead Manager
FAST TRACK FINSEC PRIVATE LIMITED
B-502, Statesman House,
148, Barakhambha Road, New Delhi – 110 001
Phone: +91 11 43029809
Email:Â [email protected]
Website:Â www.ftfinsec.com
SunGarner Energies Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone:Â +91 22 2851 1022
Email:Â [email protected]
Website:Â www.skylinerta.com
SunGarner Energies Contact Details
SUNGARNER ENERGIES LIMITED
Plot No. 113, Udyog Kendra-II,
Greater Noida, Gautam Budh Nagar, Uttar Pradesh- 201306
Phone: +91 7428296411
E-mail: [email protected]
Website: www.sungarner.com
IPO FAQs
What is SunGarner Energies IPO offer size?
SunGarner Energies offer size is INR 5.31 crores.
What is the SunGarner Energies offer price band?
SunGarner Energies public offer price is INR 83 per share.
What is the lot size of SunGarner Energies public offer?
SunGarner Energies offer lot size is 1,600 shares.
What is SunGarner Energies IPO GMP today?
SunGarner Energies IPO GMP today is INR 45 per share.
What is SunGarner Energies kostak rate today?
SunGarner Energies kostak rate today is INR NA per application.
What is SunGarner Energies Subject to Sauda rate today?
SunGarner Energies Subject to Sauda rate today is INR 40,000 per application.
