IPO Trending
SELSME / NSEListed
Sungarner Energies

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.

DRHP
₹83 - ₹83151.2x sub
Listed Price₹250.00
Listing Gain+201.20%

IPO Schedule & Timeline

Fixed Price Issue IPO
Open21 Aug 2023
Close23 Aug 2023
Allotment28 Aug 2023
Listing31 Aug 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker57,600 shares
9%
Nii (hni)2,91,200 shares
45.5%
Retail2,91,200 shares
45.5%

Minimum Application Lots

Retail1 Lot (1,600 shares)
₹1,32,800
HNI2 Lots (3,200 shares)
₹2,65,600

Company Promoters

Mr. Sumit TiwariMrs. Snigdha Tiwari

Company Background

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 recei...

Lead Managers & Bankers

Fast Track Finsec Private Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2021)₹536.43 Cr
Growth-69.6%
Revenue Trend (₹ in Crores)
0.0676.71.4k2.0kMar 2023Mar 2022Mar 2021
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 2021536.43 15.72318.19103.78
Mar 2022797.6657.50536.27226.62
Mar 20231,765.3374.311,014.67424.11

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values6.3531.17%25.28%13.070

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Skyline Financial Services Private Limited

Allotment Finalized
Allotment Date
28 Aug 2023
Official Status
Out / Finalized
Registrar
Skyline Financial Services Private Limited
Listing Date
31 Aug 2023

Official Allotment Verification Links

Official Registrar Portal
Skyline Financial Services Private Limited

Direct allotment verification on the official registrar portal appointed for Sungarner Energies. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

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Allotment Schedule & Milestones

IST
1. Allotment Finalization28 Aug 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date31 Aug 2023Trading commences on exchange

How to Check Sungarner Energies Allotment Online

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2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Sungarner Energies IPO

Complete issue overview for Sungarner Energies (SEL) IPO. The issue features an equity share price band of ₹83 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,32,800). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions