Listed Price₹250.00
Listing Gain+201.20%
Price Band₹83
Lot Size1,600 shares
Min Bid₹1,32,800
Subscription151.2x
Listed Market Snapshot
₹250.00Listed price from market data
+201.20%listing gain
Issue Amount
₹5.31 Cr
Listed Price
₹250.00
Current Price
₹191.75
Registrar
Skyline Financial Services Private Limited
Timeline•Fixed Price Issue IPO
Open21 Aug 2023
Close23 Aug 2023
Allotment28 Aug 2023
Listing31 Aug 2023
Quota Reservation Portions
Market MakerPortion: 57,600 shares
9%Nii (hni)Portion: 2,91,200 shares
45.5%RetailPortion: 2,91,200 shares
45.5%Minimum Application Bracket Matrix
Retail1 lots / 1,600 shares
₹1,32,800HNI2 lots / 3,200 shares
₹2,65,600About the Company
Incorporated in 2015, Sungarner Energies Limited manufactures Solar Inverters, Online UPS systems, EV Chargers, and Lead Acid Batteries. The company started as a Solar Design Engineering and EPC firm, and later diversified into power electronics and energy storage. It produces lead acid batteries ranging from 12V 40Ah to 12V 300Ah. The company has also received a WMI code for EV manufacturing and is currently at the prototype stage. Sungarner’s key markets include Haryana, UP, Bihar, Rajasthan and Assam. It operates 6 service centres in India and has started exports in the last two years to countries like Nigeria, Lebanon, Nepal, Dubai and Bhutan.
Company Promoters
Mr. Sumit TiwariMrs. Snigdha Tiwari
Lead Managers
Registrar
Skyline Financial Services Private Limited