Sungarner Energies Limited

Company Profile
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

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022

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%

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