Sungarner Energies was incorporated on April 30, 2015. The company offers a wide range of power solutions, such as solar power, UPS, batteries, inverters and solar panels. It offers design and engineering services in the power sector to its clientele.
| Bidding Dates |
|---|
| 21 Aug 2023 - 23 Aug 2023 |
| Subscription |
|---|
| 138.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,800 | 1 | 1 | 1600 | 640.0 K | ₹83 | 72.4 % | ₹53.1 M | RHP DOC |
Sungarner Energies IPO SUBSCRIPTION STATUS
23 Aug '23Sungarner Energies IPO overall subscription rate was 138.2 times the total available shares
Sungarner Energies IPO retail subscription rate was 175.53 times in the retail segment
Sungarner Energies IPO non-institutional investor subscription rate was 100.82 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
23 Aug 2023 (Day 3) | 175.53x | 100.82x | - |
22 Aug 2023 (Day 2) | 39.21x | 8.14x | - |
21 Aug 2023 (Day 1) | 3.32x | 1.53x | - |
Sungarner Energies FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | 7.4 | 173.2 | -22.2 | -25.7 |
| FY22 | 5.8 | 79.4 | -6.9 | -11.0 |
| FY21 | 1.6 | 53.6 | 1.0 | -0.3 |
Sungarner Energies IPO SUBSCRIPTION STATUS DETAILS
Sungarner Energies had 640.0 K shares on offer
Sungarner Energies IPO offer price was ₹83
Sungarner Energies IPO minimum Investment was ₹132800
Sungarner Energies IPO issue size was ₹ 53.1 M
Sungarner Energies had a minimum lot size of 1600 Shares per application
Sungarner Energies NUMBER OF SHARES ON OFFER
Sungarner Energies IPO IMPORTANT DATES
| Issue Open Date | 21 Aug 2023 |
| Issue close Date | 23 Aug 2023 |
| Allotment Date | 28 Aug 2023 |
| Refund Date | 29 Aug 2023 |
| Demat Account Credit Date | 30 Aug 2023 |
| Listing Date | 31 Aug 2023 |
| Listing on Exchange(s) | NSE |
| Sungarner Energies Allotment Status | Exchange |
Sungarner Energies IPO subscription opened on 21 Aug 2023, and closed on 23 Aug 2023
IPO allotment for Sungarner Energies was finalized on Monday, 28 Aug 2023
IPO listing for Sungarner Energies was on NSE on Thursday, 31 Aug 2023
Sungarner Energies IPO LISTING GAINS
| Issue Price (adjusted) | 83.0 |
| Listing Open Price | 250.0 |
| Listing Close Price | 262.4 |
| Listing Gain% | 201.2% |
| Current Gain% | 167.3% |
Sungarner Energies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sungarner Energies Ltd. | 221.9 | 51.5 | 13.4 | 0.1 | 0.7 | 25.5 | 5.4 | 74.3 | 121 | 3.8 | 132.3 | 16.6 | 132.3 |
| Havells India Ltd. | 1288 | 80750.1 | 49.4 | 3.2 | 3.4 | 17.9 | 11.5 | 23022.2 | 4.3 | 1690.6 | 14.8 | 26.1 | 15.7 |
| Waaree Energies Ltd. | 2717 | 78154.9 | 20.5 | 0.3 | 2.6 | 25.7 | 12.3 | 27244.9 | 83.5 | 3711.3 | 98.7 | 132.7 | 72 |
| Apar Industries Ltd. | 16631 | 66829.5 | 56.6 | 1.7 | 2.7 | 18.1 | 7.1 | 22966.9 | 22.9 | 976.9 | 18.9 | 294 | 34 |
| Premier Energies Ltd. | 1047.2 | 47537.8 | 28.6 | 0.5 | 5.6 | 35 | 13.9 | 8025.9 | 20.7 | 1509.8 | 61.1 | 36.7 | 59.1 |
| Honeywell Automation India Ltd. | 37900 | 33509.3 | 60.8 | 7.9 | 7.1 | 11.8 | 8.4 | 4860.9 | 11.2 | 525 | 0.3 | 623.3 | 7.7 |
Sungarner Energies INFORMATION ON IPO ISSUE
About Sungarner Energies
Sungarner Energies was incorporated on April 30, 2015. The company offers a wide range of power solutions, such as solar power, UPS, batteries, inverters and solar panels. It offers design and engineering services in the power sector to its clientele.
Object of the Issue
- To meet the working capital requirements of the company
- General corporate purposes
- To meet issue expenses
Sungarner Energies - PROMOTERS
| Name |
|---|
| Sumit Tiwari |
| Snigdha Tiwari |
Sungarner Energies Lead Manager to the Issue
Fast Track Finsec Private Limited
vikasverma@ftfinsec.com
Sungarner Energies Registrar to the Issue
Skyline Financial Services Private Limited
compliances@skylinerta.com
Sungarner Energies Strengths
Quality assurance and standards
The company is dedicated to delivering high-quality products throughout the manufacturing-to-dispatch process. Its internal quality control team is committed to upholding good standard practices, ensuring compliance at every step
Cordial relationships with suppliers
The company maintains good relationships with suppliers, granting it a competitive edge in sourcing raw materials efficiently and on time
Sungarner Energies Risks
Negative cash flows
The company has experienced negative cash flows from its operating, investing, and financing activities in both the current and previous years. Continued negative cash flow could potentially impact the company's growth and overall business
Dependent on few customers
The company's primary revenue stems from its top five customers. The potential loss of business from any of them could have adverse effects on profitability
IPO FAQs
The promoters of the company are Sumit Tiwari and Snigdha Tiwari.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 83.0 - 83.0.
The IPO application opens on Aug 21, 2023 and closes on Aug 23, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 132,800.0, the maximum value for this IPO is Rs 132,800.0.
This IPO will be allotted on Aug 28, 2023.
The refund will be credited to your account on Aug 29, 2023.
The allotted shares will be credited to your demat on Aug 30, 2023.
Sungarner Energies Ltd.’s shares listed on the stock exchanges on Aug 31, 2023.