SunGarner Energies Rights Issue Date, Price, Allotment, Entitlement

SunGarner Energies Rights Issue

SunGarner Energies Rights Issue is scheduled on

Incorporated in 2015, SunGarner Energies manufactures solar inverters, online UPS systems, EV chargers, and lead-acid batteries. The company is a versatile firm that initially started as a design engineering and solar EPC firm. Over time, it diversified into manufacturing power electronics and energy storage products. Their product range includes lead-acid batteries with varying capacities, ranging from 12 volts 40 ampere-hours to 12 volts 300 ampere-hours.

SunGarner has also obtained a WMI code for manufacturing EV vehicles, which is currently in the prototype stage. The company is awaiting full-scale manufacturing of these vehicles. Additionally, SunGarner has executed more than 100 large solar grid-tied projects ranging from 50 kWp to 2 MWp in India and abroad. SunGarner inverters have been supplied in 26 states of India, from Leh to Tamil Nadu, in 6 years. Internationally, SunGarner is exporting to 7 countries.

SunGarner’s main customer base is located in the states of Haryana, Uttar Pradesh, Bihar, Rajasthan, and Assam. The company operates six service centers across India, situated in Delhi, Uttar Pradesh, Haryana, Bihar, Assam, and West Bengal. Their goal is to broaden their reach by appointing 500 franchisees to cover all major districts of India by the end of 2025.

SunGarner Energies

Promoters of SunGarner Energies –

SunGarner Energies Rights Issue Details

SunGarner Energies Rights Issue DateComing soon
SunGarner Energies Rights Issue PriceComing soon
Issue Size (in Shares)Coming soon
Issue Size (in INR)INR 31.0 crore
Issue Entitlement1 equity shares for every 2 equity shares held on record date
Terms of PaymentFully payable at the time of application
SunGarner Energies Rights Issue Record DateComing soon
Face ValueINR 10 per share
Listing OnNSE

SunGarner Energies Rights Issue Calculation

SunGarner Energies Rights Issue PriceINR per share
Market Price on Rights Issue ApprovalINR per share
Dilution Factor (X)
Fair Value After Dilution at Prevailing PriceINR per share

SunGarner Energies Financial Performance

 FY 2021FY 2022FY 2023
Operating Margin (%)7.3412.097.27
Net Income0.160.570.75
ROCE (%)17.6531.6926.40
Figures in INR Crores unless specified otherwise

SunGarner Energies Rights Offer Objectives

The net proceeds from the offer are proposed to be used for

SunGarner Energies Rights Offer Documents

SunGarner Energies Rights Issue Dates

Rights Issue Approval Date6 May 2024
Rights Issue Record DateComing soon
Credit of Rights EntitlementComing soon
Rights Issue Opening DateComing soon
Last Date for Market RenunciationComing soon
Rights Issue Closing DateComing soon
Finalization of Basis of AllotmentComing soon
Rights Allotment DateComing soon
Credit Date Coming soon
Listing DateComing soon

SunGarner Energies Rights Offer Lead Manager

Coming soon

SunGarner Energies Rights Offer Registrar

Coming soon

SunGarner Energies Issue Contact Details

1/5322, S/F, Plot No. 19A Gali No.13,
Balbir Nagar Ext New Delhi- 110032
Phone: +91-9717558008
[email protected]

SunGarner Energies Rights Offer FAQs

What is the SunGarner Energies Rights Issue Price?

The issue price is INR per share.

What is the SunGarner Energies Rights Issue entitlement ratio?

The eligible shareholders are offered 1 Equity Shares for every 2 Equity Shares held on the record date.

What is the SunGarner Energies Rights Issue Record Date?

The Record date is Coming soon.

How to Apply in SunGarner Energies Rights Offer?

The best way to apply in the SunGarner Energies Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.


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