SunGarner Energies IPO Date, Review, Price, Allotment Details

By Jagat Joshi
August 31, 2023

SunGarner Energies IPO Details: SunGarner Energies IPO date is fixed, The IPO will open on August 21 and will close on August 23. SunGarner Energies is an NSE SME IPO to raise ₹5.31 crores via IPO. The SunGarner Energies IPO price band is fixed at ₹83 with a market lot of 4000 shares.

Sungarner Energies is offering wide range of power solutions such as Solar Power, UPS, Batteries, and Inverters. Our company is also engaged in the trading of solar panel business. They provide solutions, design, and engineering services to our customers. The Company’s leadership team consists of promoters and other directors and KMPs who have a rich experience in the field of solar energy. This has made their company a highly acclaimed and trusted enterprise with a focus on innovation and sustained growth. Sungarner are having a professionally managed team to execute our projects having vast techno-commercial knowledge and experience. Furthermore, our company also provide various kind of services such as Solar Power Plants Projects, Solar Power Generation System, and Operation & maintenance thereof.

Sungarner Energies Limited 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 to be successful in the Lead-acid batteries business apart from quality product distribution & Brand recognition is the backbone for growth in revenue. They have already established a distribution network in some of the key markets like Haryana, UP, Bihar, Rajasthan, and Assam. SunGarner Today has 6 service Centres in India – Delhi, UP Haryana, Bihar Assam, and Bengal. SunGarner is in the process of expanding its footprint further by appointing an additional 500 Franchisees to cover all major Districts of India by the end of 2025. Also, SunGarner has started exports in the last 2 years and has exported its products to Nigeria, Lebanon, Nepal, Dubai, and Bhutan.

SunGarner Solar EPC Division has to date commissioned more than 50 large Solar Projects in the last 8 years. Some of the prestigious projects that they have commissioned are for customers like Interglobe Enterprises, DLF, Jubilant Life Sciences, Eli Lilly, Modi Xerox, V N Dyers and Textiles, The ITC Hotels Delhi, The India Thermit Nagpur, Sarovar Portico Lucknow, Satyam Hospital Ludhiana, Dayawati Modi School Rampur to name a few. Further, they have also forayed into international projects by installing the largest solar power project in Bhutan in 2021.

Objects of the Issue:

To meet Working Capital Requirements.
General corporate purposes.
Issue related expenses

SunGarner Energies IPO Review

May Apply

SunGarner Energies IPO Date & Price Band Details

IPO Open:	August 21, 2023
IPO Close:	August 23, 2023
IPO Size:	Approx ₹5.31 Crores, 640,000 Equity Shares
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹83 Per Equity Share
IPO Listing on:	NSE SME
Retail Quota:	50% of the net offer
NII Quota:	50% of the net offer
DRHP Draft Prospectus:	Click Here
RHP Draft Prospectus:	Click Here
Anchor Investors in IPO:	Click Here

SunGarner Energies IPO Market Lot

The SunGarner Energies IPO minimum market lot is 1600 shares with a ₹132,800 application amount.

Application	Lot Size	Shares	Amount
Retail Minimum	1	1600	₹132,800
Retail Maximum	1	1600	₹132,800
S-HNI Minimum	2	3200	₹265,600

SunGarner Energies IPO Dates

The SunGarner Energies IPO date is August 21 and the IPO close date is August 23. The IPO allotment date is August 28 and the IPO might list on August 31.

IPO Open Date:	August 21, 2023
IPO Close Date:	August 23, 2023
Basis of Allotment:	August 28, 2023
Refunds:	August 29, 2023
Credit to Demat Account:	August 30, 2023
IPO Listing Date:	August 31, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

SunGarner Energies IPO Form

How to apply SunGarner Energies IPO? You can apply SunGarner Energies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the SunGarner Energies IPO in the Invest section. The other option you can apply SunGarner Energies IPO via IPO forms download via the NSE website. Check out the SunGarner Energies forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

SunGarner Energies Company Financial Report

₹ in Crores
Year	Revenue	Expense	PAT
2020	₹-	₹-	₹-
2021	₹5.36	₹4.99	₹0.15
2022	₹7.98	₹6.99	₹0.57
2023	₹17.65	₹16.06	₹0.74

SunGarner Energies IPO Valuation – FY2023

Check SunGarner Energies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):	₹6.35 per Equity Share
Price/Earning P/E Ratio:	13.07
Return on Net Worth (RoNW):	23.18%
Net Asset Value (NAV):	₹19.09 per Equity Share

Peer Group

Insolation Energy Limited
Veer Energy & Infrastructure Limited
V Guard Industries Limited

Company Promoters

Mr. Sumit Tiwari
Mrs. Snigdha Tiwari

SunGarner Energies IPO Registrar

Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/

SunGarner Energies IPO Allotment Status

Check SunGarner Energies IPO allotment status on Skyline Financial website URL. C lick Here

SunGarner Energies IPO Lead Managers aka Merchant Bankers

Fast Track Finsec Pvt Ltd

Company Address

Sungarner Energies Limited
1/5322, S/F, Plot No. 19A,
Gali No.13, Balbir Nagar Ext.,
New Delhi- 110032
Phone: +917428296411
Email: [email protected]
Website: https://www.sungarner.com/

SunGarner Energies IPO FAQs

What is SunGarner Energies IPO?

SunGarner Energies IPO is an NSE SME IPO. They are going to raise ₹5.31 Crores via IPO. The issue is priced at ₹83 per equity share. The IPO is to be listed on NSE.

When SunGarner Energies IPO will open?

The IPO is to open on August 21, 2023 for QIB, NII, and Retail Investors.

What is SunGarner Energies IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

How to Apply the SunGarner Energies IPO?

You can apply SunGarner Energies IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the SunGarner Energies IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “SunGarner Energies”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the SunGarner Energies IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “SunGarner Energies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the SunGarner Energies IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “SunGarner Energies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is SunGarner Energies IPO Size?

SunGarner Energies IPO size is ₹5.31 crores.

What is SunGarner Energies IPO Price Band?

SunGarner Energies IPO Price Band is ₹83 per equity share.

What is SunGarner Energies IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 shares with ₹132,800.

What is SunGarner Energies IPO Allotment Date?

SunGarner Energies IPO allotment date is August 28, 2023.

What is SunGarner Energies IPO Listing Date?

SunGarner Energies IPO listing date is August 31, 2023. The IPO to list on NSE SME.

Note: The SunGarner Energies IPO details are announced officially. The IPO grey market premium (SunGarner Energies IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.