Sungarner Energies Limited

Company Name	Sungarner Energies Limited
Open Date	21-08-2023
Close Date	23-08-2023
Exchange	NSE SME
Lot Size	1600 Shares
Issue Price	₹ 83 per share
Issue Size	6,40,000 Equity Shares
Application Amount	₹ 1,32,800
Recommendation	Apply

Company was incorporated in the year 2015 and has its registered office in Tamil Nadu Company is an integrated solar energy solutions provider offering engineering, procurement and construction (“EPC”) services to the customers. Company is also into manufacturing of Solar Inverters, Online UPS Systems, EV Chargers, and Lead Acid Batteries. The company has also obtained WMI code for manufacturing of EV (Electric Vehicles). As on March 31, 2023, Company has 54 employees on its payroll.

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Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-21	Mar-22	Mar-23
Total Assets	318.19	675.26	1,014.67
Net Assets	98.73	156.23	320.54
Total Borrowings	103.78	226.62	424.11
Total Revenue	536.43	797.66	1,765.33
Profit After Tax	15.76	57.51	74.32

Tentative Timeline

Opening Date	21-08-2023
Closing Date	23-08-2023
Basis of Allotment	28-08-2023
Initiation of Refunds	29-08-2023
Credit of Shares to Demat	30-08-2023
Listing Date	31-08-2023

Objects of the Issue

Working Capital Requirements

Issue Expenses

General corporate purposes.

Contact Information

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

Offer Documents

Sungarner Energies Limited DRHP

Sungarner Energies Limited RHP

Registrar Details

Name	Skyline Financial Services Private Limited
Phone	02228511022
Email	compliances@skylinerta.com
Website	https://www.skylinerta.com/ipo.php

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	57,600 (9.00%)
Other Shares Offered	2,91,200 (45.50%)
Retail Shares Offered	2,91,200 (45.50%)
Total Shares Offered	6,40,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters)	84.94%
Post Issue Share Holding (Promoters)	61.49%