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Open
21 Aug 2023
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Close
23 Aug 2023
3
Allotment
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Listing
Thu, Aug 31, 2023
Price Band
₹83 per share
Issue Size
6,40,000 shares (agg. up to ₹5 Cr)
Lot Size
1,600 Shares
Listing Date
Thu, Aug 31, 2023
Latest GMP
₹45
Est. Gain
54.22%
✦ AI Insight
GMP Trend
31-08-2023₹45Est. ₹128+54.22%
30-08-2023₹45Est. ₹128+54.22%
29-08-2023₹45Est. ₹128+54.22%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 149.77x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 10.15 | 5.36 | 3.18 |
| Total Income | 17.65 | 7.98 | 5.36 |
| Profit After Tax | 0.74 | 0.58 | 0.16 |
| NET Worth | 3.21 | 1.56 | 0.99 |
| Reserves and Surplus | 1.53 | 1.10 | 0.52 |
| Total Borrowing | 4.24 | 2.27 | 1.04 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Oriana Power Ltd. | SME | ₹59.66 Cr | ₹118 | 20.7 | ₹317.10 | +168.73% | ₹1,468.40 (-0.54%) |
| Avalon Technologies Ltd. | Mainboard | ₹865.00 Cr | ₹436 | 55.54 | ₹398.00 | -8.72% | ₹1,724.00 (-2.28%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 3.50 |
| 2 | General Corporate Purposes | 1.11 |
About Sungarner Energies IPO
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.+ Read More
Contact Details
Sungarner Energies Ltd. Address1/5322, S/F, Plot No.19AGali No.13Balbir Nagar Ext.New Delhi, New Delhi, 110032+917428296411legal@sungarner.comVisit Website